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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
Dark Forest Capital Management LP28,904$1.60M0.07%−1,879−6.1%Reduced
CIBC World Markets Corp29,392$1.63M0.01%+29,392New
Acadian Asset Management LLC29,428$1.63M0.00%−12,807−30.3%Reduced
Kestra Private Wealth Services, LLC30,655$1.70M0.02%+10,413+51.4%Added
State Board of Administration of Florida Retirement System31,410$1.74M0.00%+18,050+135.1%Added
Massachusetts Financial Services Co31,517$1.75M0.00%+31,517New
Russell Investments Group, Ltd.32,259$1.79M0.00%−3,606−10.1%Reduced
Wealthstar Advisors, LLC32,393$1.80M0.98%+32,393New
Royal Bank of Canada34,106$1.89M0.00%−23,694−41.0%Reduced
JustInvest LLC35,393$1.96M0.02%+1,383+4.1%Added
LPL Financial LLC35,474$1.97M0.00%+7,541+27.0%Added
Neuberger Berman Group LLC35,959$1.99M0.00%+18,551+106.6%Added
Militia Capital Partners, LP38,000$2.11M0.79%+3,000+8.6%Added
Mariner, LLC38,345$2.13M0.00%+3,969+11.5%Added
Wexford Capital LP40,000$2.22M0.57%00.0%Unchanged
Teacher Retirement System of Texas40,264$2.23M0.01%+2,915+7.8%Added
Simplex Trading, LLC42,040$2.33M0.07%−9,313−18.1%Reduced
Anfield Capital Management, LLC42,313$2.35M0.74%−5,965−12.4%Reduced
Stifel Financial Corp43,331$2.40M0.00%+6,223+16.8%Added
KBC Group NV44,587$2.47M0.01%+378+0.9%Added
New York State Common Retirement Fund45,853$2.54M0.00%+142+0.3%Added
Mirae Asset Global ETFs Holdings Ltd.45,868$2.54M0.00%+45,868New
Zurcher Kantonalbank (Zurich Cantonalbank)46,876$2.60M0.01%+7,005+17.6%Added
BNP Paribas Arbitrage, SA47,630$2.64M0.00%+19,396+68.7%Added
Raiffeisen Bank International AG48,000$2.64M0.03%00.0%Unchanged
West Michigan Advisors, LLC47,870$2.65M0.61%−5,640−10.5%Reduced
Nomura Holdings Inc48,834$2.71M0.01%+12,800+35.5%Added
Squarepoint Ops LLC51,152$2.84M0.01%+51,152New
Jane Street Group, LLC51,267$2.84M0.00%+37,347+268.3%Added
Y-Intercept (Hong Kong) Ltd52,099$2.89M0.06%−13,164−20.2%Reduced
HSBC Holdings PLC54,576$3.04M0.00%+44,758+455.9%Added
CBOE Vest Financial, LLC56,676$3.14M0.04%+15,707+38.3%Added
Susquehanna International Group, LLP60,311$3.34M0.00%+60,311New
One Capital Management, LLC62,959$3.49M0.11%+18,681+42.2%Added
American Century Companies Inc63,196$3.50M0.00%+29,490+87.5%Added
Illinois Municipal Retirement Fund63,210$3.50M0.04%+63,210New
Raymond James Financial Inc65,251$3.62M0.00%+16,719+34.4%Added
Citadel Advisors LLC65,830$3.65M0.00%+65,830New
Two Sigma Advisers, LP68,400$3.79M0.01%−4,900−6.7%Reduced
Wellington Management Group LLP69,503$3.85M0.00%+51,350+282.9%Added
Verition Fund Management LLC76,390$4.24M0.02%00.0%Unchanged
LSV Asset Management78,180$4.33M0.01%00.0%Unchanged
Lazard Asset Management LLC78,374$4.35M0.01%+78,374New
BTG Pactual Asset Management US LLC78,787$4.37M0.49%+14,850+23.2%Added
Calamos Advisors LLC79,550$4.41M0.02%−28,680−26.5%Reduced
Police & Firemen's Retirement System of New Jersey80,199$4.45M0.04%−3,686−4.4%Reduced
Future Fund LLC81,240$4.50M1.59%+16,182+24.9%Added
State of Tennessee, Treasury Department73,900$4.51M0.01%+73,900New
Man Group plc81,476$4.52M0.01%+25,879+46.5%Added
Rhumbline Advisers82,286$4.56M0.00%−2,635−3.1%Reduced
Nisa Investment Advisors, LLC83,896$4.65M0.02%+1,280+1.5%Added
Assetmark, Inc85,059$4.72M0.01%+20,194+31.1%Added
Segall Bryant & Hamill, LLC98,577$5.47M0.07%+1,000+1.0%Added
Envestnet Asset Management Inc100,987$5.60M0.00%−30,641−23.3%Reduced
Vestcor Inc107,009$5.93M0.17%+25,880+31.9%Added
ExodusPoint Capital Management, LP107,952$5.98M0.07%+79,786+283.3%Added
Brandywine Global Investment Management, LLC110,551$6.13M0.04%+36,966+50.2%Added
Exchange Traded Concepts, LLC111,224$6.17M0.05%+2,582+2.4%Added
Susquehanna Portfolio Strategies, LLC111,511$6.18M0.10%−66,187−37.2%Reduced
California State Teachers Retirement System112,877$6.26M0.01%−2,548−2.2%Reduced
HRT Financial LP116,500$6.46M0.02%+116,500New
Meritage Portfolio Management124,666$6.91M0.46%−3,899−3.0%Reduced
KLP Kapitalforvaltning AS124,697$6.91M0.03%−5,100−3.9%Reduced
William Blair Investment Management, LLC125,175$6.94M0.02%−3,175−2.5%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys142,013$7.87M0.04%+25,713+22.1%Added
Wells Fargo & Company142,863$7.92M0.00%+85,629+149.6%Added
Alliancebernstein L.P.145,646$8.07M0.00%+36,097+33.0%Added
CX Institutional178,235$9.88M0.29%+2,572+1.5%Added
Renaissance Group LLC180,034$9.98M0.40%−21,873−10.8%Reduced
Invesco Ltd.181,118$10.0M0.00%+23,336+14.8%Added
Los Angeles Capital Management LLC220,619$10.3M0.04%−86,721−28.2%Reduced
Bank of America Corp199,831$11.1M0.00%+125,848+170.1%Added
Charles Schwab Investment Management Inc200,624$11.1M0.00%−12,007−5.6%Reduced
Swiss National Bank200,822$11.1M0.01%−300−0.1%Reduced
Triasima Portfolio Management inc.203,420$11.3M1.69%00.0%Unchanged
Nordea Investment Management AB204,852$11.4M0.01%−27,574−11.9%Reduced
Causeway Capital Management LLC215,950$12.0M0.16%+177,950+468.3%Added
PDT Partners, LLC225,909$12.5M0.81%00.0%Unchanged
Treasurer of the State of North Carolina226,611$12.6M0.04%+171,498+311.2%Added
LB Partners LLC232,000$12.9M11.87%−80,000−25.6%Reduced
Amundi240,023$13.3M0.00%+49,607+26.1%Added
Connor, Clark & Lunn Investment Management Ltd.247,913$13.7M0.04%+130,838+111.8%Added
Legal & General Group Plc249,096$13.8M0.00%+10,852+4.6%Added
Hennessy Advisors Inc260,900$14.5M0.51%−17,000−6.1%Reduced
Nuveen, LLC267,847$14.8M0.00%+20,907+8.5%Added
Canada Pension Plan Investment Board299,060$16.6M0.01%+110,707+58.8%Added
UBS Asset Management Americas Inc315,380$17.5M0.00%+315,380New
Vanguard Group Inc322,113$17.9M0.00%−30,231−8.6%Reduced
Park West Asset Management LLC335,130$18.6M1.56%−115,397−25.6%Reduced
Hosking Partners LLP354,623$19.7M0.67%−22,558−6.0%Reduced
Bank of New York Mellon Corp355,177$19.7M0.00%+15,212+4.5%Added
UBS Group AG356,286$19.8M0.00%−172,328−32.6%Reduced
Franklin Resources Inc371,022$20.6M0.01%+87,063+30.7%Added
Aperture Investors, LLC383,048$21.2M2.96%00.0%Unchanged
AQR Capital Management LLC406,444$22.5M0.01%+385,765+1,865.5%Added
Crossmark Global Holdings, Inc.413,983$23.0M0.33%+16,126+4.1%Added
SEI Investments Co415,419$23.0M0.02%+147,832+55.2%Added
Gabelli Funds LLC419,100$23.2M0.16%−26,400−5.9%Reduced
SG Americas Securities, LLC433,297$24.0M0.03%+26,824+6.6%Added
Goldman Sachs Group Inc450,091$25.0M0.00%+207,570+85.6%Added