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Millicom International Cellular SA

TIGO
Exchange
Nasdaq
Industry
Radiotelephone Communications
SEC CIK
0000912958

In the last 90 days, Millicom International Cellular SA insiders filed 0 open-market purchases and 4 sales; 438 institutions reported holding it in 13F filings for Q2 2026, worth $7.03B in total; no superinvestor holds it.

Other share classesMLCMF

13F holders, Q4 2025

Institutional positions in Millicom International Cellular SA as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
330
+67 vs. Q3 2025
Shares held
72.1M
+1.70M (+2.4%) vs. Q3 2025
Total value
$3.99B
+$578.8M (+16.9%) vs. Q3 2025
New holders
95
125 more added
Sold out
28
82 more reduced

3 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting TIGO on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 330 institutions
Q1 2021: 48 institutionsQ2 2021: 53 institutionsQ3 2021: 46 institutionsQ4 2021: 51 institutionsQ1 2022: 55 institutionsQ2 2022: 60 institutionsQ3 2022: 51 institutionsQ4 2022: 59 institutionsQ1 2023: 63 institutionsQ2 2023: 61 institutionsQ3 2023: 60 institutionsQ4 2023: 63 institutionsQ1 2024: 74 institutionsQ2 2024: 95 institutionsQ3 2024: 96 institutionsQ4 2024: 97 institutionsQ1 2025: 171 institutionsQ2 2025: 217 institutionsQ3 2025: 266 institutionsQ4 2025: 330 institutionsQ1 2026: 371 institutionsQ2 2026: 438 institutions
Value heldQ4 2025: $3.99B
Q1 2021: $218.5MQ2 2021: $195.9MQ3 2021: $151.3MQ4 2021: $119.5MQ1 2022: $126.2MQ2 2022: $101.3MQ3 2022: $79.3MQ4 2022: $94.4MQ1 2023: $132.6MQ2 2023: $102.3MQ3 2023: $114.6MQ4 2023: $142.8MQ1 2024: $166.7MQ2 2024: $214.3MQ3 2024: $223.2MQ4 2024: $281.0MQ1 2025: $1.68BQ2 2025: $2.43BQ3 2025: $3.42BQ4 2025: $3.99BQ1 2026: $5.41BQ2 2026: $7.03B
Institutions holding TIGO and their total value by quarter
QuarterHoldersValue
Q2 2026438$7.03B
Q1 2026371$5.41B
Q4 2025330$3.99B
Q3 2025266$3.42B
Q2 2025217$2.43B
Q1 2025171$1.68B
Q4 202497$281.0M
Q3 202496$223.2M
Q2 202495$214.3M
Q1 202474$166.7M
Q4 202363$142.8M
Q3 202360$114.6M
Q2 202361$102.3M
Q1 202363$132.6M
Q4 202259$94.4M
Q3 202251$79.3M
Q2 202260$101.3M
Q1 202255$126.2M
Q4 202151$119.5M
Q3 202146$151.3M
Q2 202153$195.9M
Q1 202148$218.5M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Millicom International Cellular SA; share changes are against Q3 2025.

Institutions holding TIGO in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Dodge & Cox8,133,132$450.9M0.24%−315,500−3.7%Reduced
JPMorgan Chase & Co6,713,607$372.2M0.03%+253,891+3.9%Added
BlackRock, Inc.5,424,834$300.8M0.01%+121,448+2.3%Added
Price T Rowe Associates Inc4,936,030$273.7M0.03%−895,852−15.4%Reduced
Brandes Investment Partners, LP4,836,505$268.1M2.04%−998,802−17.1%Reduced
Barclays PLC2,860,379$158.6M0.06%−34,836−1.2%Reduced
State Street Corp2,279,268$126.4M0.00%+296,319+14.9%Added
Perpetual Ltd2,049,074$113.6M1.64%−682,897−25.0%Reduced
Swedbank AB2,014,033$111.7M0.11%−381,631−15.9%Reduced
Boston Partners1,603,730$88.9M0.09%+41,765+2.7%Added
Northern Trust Corp1,252,949$69.5M0.01%−18,137−1.4%Reduced
Marathon Asset Mgmt Ltd1,101,022$61.1M2.35%+116,494+11.8%Added
Tredje AP-fonden1,090,531$60.5M0.46%+1,090,531New
BNP PARIBAS ASSET MANAGEMENT Holding S.A.1,010,621$56.0M0.06%+459,082+83.2%Added
Fjarde Ap-Fonden /Fourth Swedish National Pension Fund1,000,000$55.4M0.46%+1,000,000New
Arrowstreet Capital, Limited Partnership940,729$52.2M0.03%−276,324−22.7%Reduced
First Trust Advisors LP893,412$49.5M0.04%−75,728−7.8%Reduced
Qube Research & Technologies Ltd850,918$47.2M0.07%+202,963+31.3%Added
Morgan Stanley847,747$47.0M0.00%+234,030+38.1%Added
Victory Capital Management Inc810,521$44.9M0.03%+66,010+8.9%Added
Geode Capital Management, LLC776,978$43.1M0.00%−14,345−1.8%Reduced
Deutsche Bank AG724,810$40.2M0.01%−111,879−13.4%Reduced
Cullen Capital Management LLC656,608$36.4M0.40%+13,577+2.1%Added
Gamco Investors, Inc. Et Al651,150$36.1M0.35%−65,033−9.1%Reduced
Triodos Investment Management BV607,000$33.4M2.42%−102,000−14.4%Reduced
Credit Agricole S A575,588$31.9M0.09%+11,069+2.0%Added
FMR LLC557,358$30.9M0.00%+263,201+89.5%Added
Renaissance Technologies LLC462,392$25.6M0.04%−238,242−34.0%Reduced
Public Employees Retirement System of Ohio454,917$25.2M0.08%−27,230−5.6%Reduced
Mackenzie Financial Corp457,752$25.2M0.03%+8,888+2.0%Added
Goldman Sachs Group Inc450,091$25.0M0.00%+207,570+85.6%Added
SG Americas Securities, LLC433,297$24.0M0.03%+26,824+6.6%Added
Gabelli Funds LLC419,100$23.2M0.16%−26,400−5.9%Reduced
SEI Investments Co415,419$23.0M0.02%+147,832+55.2%Added
Crossmark Global Holdings, Inc.413,983$23.0M0.33%+16,126+4.1%Added
AQR Capital Management LLC406,444$22.5M0.01%+385,765+1,865.5%Added
Aperture Investors, LLC383,048$21.2M2.96%00.0%Unchanged
Franklin Resources Inc371,022$20.6M0.01%+87,063+30.7%Added
UBS Group AG356,286$19.8M0.00%−172,328−32.6%Reduced
Bank of New York Mellon Corp355,177$19.7M0.00%+15,212+4.5%Added
Hosking Partners LLP354,623$19.7M0.67%−22,558−6.0%Reduced
Park West Asset Management LLC335,130$18.6M1.56%−115,397−25.6%Reduced
Vanguard Group Inc322,113$17.9M0.00%−30,231−8.6%Reduced
UBS Asset Management Americas Inc315,380$17.5M0.00%+315,380New
Canada Pension Plan Investment Board299,060$16.6M0.01%+110,707+58.8%Added
Nuveen, LLC267,847$14.8M0.00%+20,907+8.5%Added
Hennessy Advisors Inc260,900$14.5M0.51%−17,000−6.1%Reduced
Legal & General Group Plc249,096$13.8M0.00%+10,852+4.6%Added
Connor, Clark & Lunn Investment Management Ltd.247,913$13.7M0.04%+130,838+111.8%Added
Amundi240,023$13.3M0.00%+49,607+26.1%Added
LB Partners LLC232,000$12.9M11.87%−80,000−25.6%Reduced
Treasurer of the State of North Carolina226,611$12.6M0.04%+171,498+311.2%Added
PDT Partners, LLC225,909$12.5M0.81%00.0%Unchanged
Causeway Capital Management LLC215,950$12.0M0.16%+177,950+468.3%Added
Nordea Investment Management AB204,852$11.4M0.01%−27,574−11.9%Reduced
Triasima Portfolio Management inc.203,420$11.3M1.69%00.0%Unchanged
Swiss National Bank200,822$11.1M0.01%−300−0.1%Reduced
Charles Schwab Investment Management Inc200,624$11.1M0.00%−12,007−5.6%Reduced
Bank of America Corp199,831$11.1M0.00%+125,848+170.1%Added
Los Angeles Capital Management LLC220,619$10.3M0.04%−86,721−28.2%Reduced
Invesco Ltd.181,118$10.0M0.00%+23,336+14.8%Added
Renaissance Group LLC180,034$9.98M0.40%−21,873−10.8%Reduced
CX Institutional178,235$9.88M0.29%+2,572+1.5%Added
Alliancebernstein L.P.145,646$8.07M0.00%+36,097+33.0%Added
Wells Fargo & Company142,863$7.92M0.00%+85,629+149.6%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys142,013$7.87M0.04%+25,713+22.1%Added
William Blair Investment Management, LLC125,175$6.94M0.02%−3,175−2.5%Reduced
KLP Kapitalforvaltning AS124,697$6.91M0.03%−5,100−3.9%Reduced
Meritage Portfolio Management124,666$6.91M0.46%−3,899−3.0%Reduced
HRT Financial LP116,500$6.46M0.02%+116,500New
California State Teachers Retirement System112,877$6.26M0.01%−2,548−2.2%Reduced
Susquehanna Portfolio Strategies, LLC111,511$6.18M0.10%−66,187−37.2%Reduced
Exchange Traded Concepts, LLC111,224$6.17M0.05%+2,582+2.4%Added
Brandywine Global Investment Management, LLC110,551$6.13M0.04%+36,966+50.2%Added
ExodusPoint Capital Management, LP107,952$5.98M0.07%+79,786+283.3%Added
Vestcor Inc107,009$5.93M0.17%+25,880+31.9%Added
Envestnet Asset Management Inc100,987$5.60M0.00%−30,641−23.3%Reduced
Segall Bryant & Hamill, LLC98,577$5.47M0.07%+1,000+1.0%Added
Assetmark, Inc85,059$4.72M0.01%+20,194+31.1%Added
Nisa Investment Advisors, LLC83,896$4.65M0.02%+1,280+1.5%Added
Rhumbline Advisers82,286$4.56M0.00%−2,635−3.1%Reduced
Man Group plc81,476$4.52M0.01%+25,879+46.5%Added
State of Tennessee, Treasury Department73,900$4.51M0.01%+73,900New
Future Fund LLC81,240$4.50M1.59%+16,182+24.9%Added
Police & Firemen's Retirement System of New Jersey80,199$4.45M0.04%−3,686−4.4%Reduced
Calamos Advisors LLC79,550$4.41M0.02%−28,680−26.5%Reduced
BTG Pactual Asset Management US LLC78,787$4.37M0.49%+14,850+23.2%Added
Lazard Asset Management LLC78,374$4.35M0.01%+78,374New
LSV Asset Management78,180$4.33M0.01%00.0%Unchanged
Verition Fund Management LLC76,390$4.24M0.02%00.0%Unchanged
Wellington Management Group LLP69,503$3.85M0.00%+51,350+282.9%Added
Two Sigma Advisers, LP68,400$3.79M0.01%−4,900−6.7%Reduced
Citadel Advisors LLC65,830$3.65M0.00%+65,830New
Raymond James Financial Inc65,251$3.62M0.00%+16,719+34.4%Added
Illinois Municipal Retirement Fund63,210$3.50M0.04%+63,210New
American Century Companies Inc63,196$3.50M0.00%+29,490+87.5%Added
One Capital Management, LLC62,959$3.49M0.11%+18,681+42.2%Added
Susquehanna International Group, LLP60,311$3.34M0.00%+60,311New
CBOE Vest Financial, LLC56,676$3.14M0.04%+15,707+38.3%Added
HSBC Holdings PLC54,576$3.04M0.00%+44,758+455.9%Added