Who owns Telephone and Data Systems (TDS)
Which tracked institutional funds hold TDS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TDS company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
59 tracked funds added or opened TDS while 119 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
TDS’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes TDS more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in TDS divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 325 tracked filers holding TDS, 175 increased or opened the position and 185 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in TDS between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 19
- Diameter Capital Partners LP$62M
- Capital International Investors$27M
- Arini Capital Management Ltd$5M
- Midwest Trust Co$4M
- LMR Partners LLP$4M
- BTG Pactual Asset Management US LLC$3M
Full exits 37
- Rubric Capital Management LP$78M
- DENDUR CAPITAL LP$34M
- HENNESSY ADVISORS INC$9M
- BOOTHBAY FUND MANAGEMENT, LLC$9M
- ACADIAN ASSET MANAGEMENT LLC$7M
- TEACHER RETIREMENT SYSTEM OF TEXAS$6M
Largest adds
- BlackRock, Inc.$142M
- UBS Group AG$38M
- GOLDENTREE ASSET MANAGEMENT LP$34M
- AMERICAN CENTURY COMPANIES INC$19M
- ARISTEIA CAPITAL, L.L.C.$18M
- JPMORGAN CHASE & CO$15M
Largest trims
- VANGUARD PORTFOLIO MANAGEMENT LLC$49M
- Third Point LLC$46M
- DIMENSIONAL FUND ADVISORS LP$38M
- VANGUARD CAPITAL MANAGEMENT LLC$27M
- NORGES BANK$25M
- 140 Summer Partners LP$20M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 15,768,166 | $584M | 15.3% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 6,342,746 | $235M | 6.2% | 2026-Q2 |
| Third Point LLC trimmed | 6,275,000 | $232M | 6.1% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 5,790,808 | $214M | 5.6% | 2026-Q2 |
| CARRONADE CAPITAL MANAGEMENT, LP added | 5,319,175 | $197M | 5.2% | 2026-Q2 |
| OAKTREE CAPITAL MANAGEMENT LP added | 5,282,905 | $196M | 5.1% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 4,720,830 | $175M | 4.6% | 2026-Q2 |
| STATE STREET CORP added | 4,430,551 | $164M | 4.3% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 4,154,077 | $154M | 4.0% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 2,847,613 | $105M | 2.8% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 2,502,233 | $93M | 2.4% | 2026-Q2 |
| Davidson Kempner Capital Management LP added | 2,004,506 | $74M | 1.9% | 2026-Q2 |
| UBS Group AG added | 1,931,686 | $71M | 1.9% | 2026-Q2 |
| Diameter Capital Partners LP added | 1,675,955 | $62M | 1.6% | 2026-Q2 |
| MORGAN STANLEY trimmed | 1,576,007 | $58M | 1.5% | 2026-Q2 |
| GABELLI FUNDS LLC added | 1,527,900 | $57M | 1.5% | 2026-Q2 |
| GOLDENTREE ASSET MANAGEMENT LP added | 1,518,180 | $56M | 1.5% | 2026-Q2 |
| GAMCO INVESTORS, INC. ET AL trimmed | 1,490,973 | $55M | 1.4% | 2026-Q2 |
| FOURSIXTHREE CAPITAL LP added | 1,405,682 | $52M | 1.4% | 2026-Q2 |
| REDWOOD CAPITAL MANAGEMENT, LLC | 1,275,282 | $47M | 1.2% | 2026-Q2 |
| ARISTEIA CAPITAL, L.L.C. added | 1,165,593 | $43M | 1.1% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,137,756 | $42M | 1.1% | 2026-Q2 |
| NORTHERN TRUST CORP added | 1,103,740 | $41M | 1.1% | 2026-Q2 |
| 140 Summer Partners LP trimmed | 968,633 | $36M | 0.9% | 2026-Q2 |
| Hudson Bay Capital Management LP added | 942,129 | $35M | 0.9% | 2026-Q2 |
| Invesco Ltd. trimmed | 928,956 | $34M | 0.9% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 904,110 | $33M | 0.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 870,420 | $32M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp added | 840,208 | $31M | 0.8% | 2026-Q2 |
| VR Advisory Services Ltd added | 800,904 | $30M | 0.8% | 2026-Q2 |
| Capital International Investors new | 718,894 | $27M | 0.7% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 703,046 | $26M | 0.7% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 639,010 | $24M | 0.6% | 2026-Q2 |
| TCW GROUP INC added | 617,332 | $23M | 0.6% | 2026-Q2 |
| Nuveen, LLC added | 516,988 | $19M | 0.5% | 2026-Q2 |
| LOOMIS SAYLES & CO L P trimmed | 507,441 | $19M | 0.5% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 492,552 | $18M | 0.5% | 2026-Q2 |
| Point72 Asset Management, L.P. trimmed | 490,915 | $18M | 0.5% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 467,586 | $17M | 0.5% | 2026-Q2 |
| Knighthead Capital Management, LLC | 445,695 | $16M | 0.4% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 414,945 | $16M | 0.4% | 2026-Q2 |
| CONGRESS ASSET MANAGEMENT CO added | 352,497 | $13M | 0.3% | 2026-Q2 |
| Public Sector Pension Investment Board trimmed | 332,325 | $12M | 0.3% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 329,880 | $12M | 0.3% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 304,251 | $11M | 0.3% | 2026-Q2 |
| Man Group plc trimmed | 294,048 | $11M | 0.3% | 2026-Q2 |
| FMR LLC added | 280,597 | $10M | 0.3% | 2026-Q2 |
| Rokos Capital Management LLP trimmed | 267,640 | $10M | 0.3% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL added | 266,423 | $10M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 253,414 | $9M | 0.2% | 2026-Q2 |
| Empyrean Capital Partners, LP trimmed | 245,000 | $9M | 0.2% | 2026-Q2 |
| Legal & General Group Plc trimmed | 232,788 | $9M | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 224,652 | $8M | 0.2% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 221,959 | $8M | 0.2% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 219,431 | $8M | 0.2% | 2026-Q2 |
| COOPER INVESTORS PTY LTD added | 212,845 | $8M | 0.2% | 2026-Q2 |
| PINNACLE ASSOCIATES LTD added | 210,017 | $8M | 0.2% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT trimmed | 202,906 | $8M | 0.2% | 2026-Q2 |
| Swiss National Bank trimmed | 192,000 | $7M | 0.2% | 2026-Q2 |
| DigitalBridge Group, Inc. added | 188,831 | $7M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 186,541 | $7M | 0.2% | 2026-Q2 |
| BARCLAYS PLC added | 172,053 | $6M | 0.2% | 2026-Q2 |
| Diametric Capital, LP added | 171,273 | $6M | 0.2% | 2026-Q2 |
| Kerrisdale Advisers, LLC trimmed | 163,758 | $6M | 0.2% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC added | 163,056 | $6M | 0.2% | 2026-Q2 |
| JACOBS LEVY EQUITY MANAGEMENT, INC added | 142,505 | $5M | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 141,870 | $5M | 0.1% | 2026-Q2 |
| Phocas Financial Corp. trimmed | 141,651 | $5M | 0.1% | 2026-Q2 |
| Allianz Asset Management GmbH trimmed | 137,637 | $5M | 0.1% | 2026-Q2 |
| ALGERT GLOBAL LLC added | 131,180 | $5M | 0.1% | 2026-Q2 |
| Jain Global LLC added | 130,427 | $5M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 128,223 | $5M | 0.1% | 2026-Q2 |
| Arini Capital Management Ltd new | 125,224 | $5M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 121,466 | $4M | 0.1% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 121,427 | $4M | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 117,445 | $4M | 0.1% | 2026-Q2 |
| Sentinel Dome Partners, LLC | 115,000 | $4M | 0.1% | 2026-Q2 |
| HAHN CAPITAL MANAGEMENT LLC trimmed | 114,821 | $4M | 0.1% | 2026-Q2 |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC trimmed | 114,395 | $4M | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 105,844 | $4M | 0.1% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 104,383 | $4M | 0.1% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 102,824 | $4M | 0.1% | 2026-Q2 |
| Krilogy Financial LLC added | 101,035 | $4M | 0.1% | 2026-Q2 |
| Midwest Trust Co new | 100,000 | $4M | 0.1% | 2026-Q2 |
| LMR Partners LLP added | 97,800 | $4M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 95,460 | $4M | 0.1% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 94,015 | $3M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 93,316 | $3M | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 88,474 | $3M | 0.1% | 2026-Q2 |
| INTECH INVESTMENT MANAGEMENT LLC trimmed | 85,732 | $3M | 0.1% | 2026-Q2 |
| BTG Pactual Asset Management US LLC new | 85,157 | $3M | 0.1% | 2026-Q2 |
| PRELUDE CAPITAL MANAGEMENT, LLC added | 82,561 | $3M | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC added | 81,383 | $3M | 0.1% | 2026-Q2 |
| Susquehanna Portfolio Strategies, LLC trimmed | 79,502 | $3M | 0.1% | 2026-Q2 |
| Beartown Capital Management, LLC | 75,000 | $3M | 0.1% | 2026-Q2 |
| Saba Capital Management, L.P. | 74,484 | $3M | 0.1% | 2026-Q2 |
| CastleKnight Management LP trimmed | 74,200 | $3M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 73,455 | $3M | 0.1% | 2026-Q2 |
| WHITTIER TRUST CO new | 71,918 | $3M | 0.1% | 2026-Q2 |
| Sunstone Asset Management, LP | 70,604 | $3M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.