TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) — Institutional Holders, Q2 2026

353 institutional investment managers reported a TDS position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $3.9B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← TDS stock profile

TDS in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

Added to

129

Trimmed

116

Sold out

Biggest buyers

Diameter Capital PartnersNew · +1,675,955 sh+$62.0M
UBS Group AGAdded · +1,125,693 sh+$41.7M
AMERICAN CENTURY COMPANIESAdded · +1,032,216 sh+$38.2M
GOLDENTREE ASSET MANAGEMENTAdded · +1,002,180 sh+$37.1M
OAKTREE CAPITAL MANAGEMENTAdded · +990,662 sh+$36.7M

Biggest sellers

Rubric Capital ManagementSold out · -1,850,000 sh-$68.5M
DENDUR CAPITALSold out · -802,000 sh-$29.7M
VANGUARD PORTFOLIO MANAGEMENTTrimmed · -465,487 sh-$17.2M
ROYCE & ASSOCIATESTrimmed · -404,276 sh-$15.0M
140 Summer PartnersTrimmed · -368,098 sh-$13.6M

TDS 13F holders ranked 1–100 of 353

Institutional investors reporting a position in TELEPHONE & DATA SYSTEMS INC /DE/ on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	BlackRock#1 · 15,768,166 sh	15,768,166	$583.6M	<0.01%	+5.7%
2	DIMENSIONAL FUND ADVISORS#2 · 6,342,746 sh	6,342,746	$234.8M	0.04%	-2.2%
3	Third Point#3 · 6,275,000 sh	6,275,000	$232.2M	4.96%	-4.9%
4	VANGUARD PORTFOLIO MANAGEMENT#4 · 5,790,808 sh	5,790,808	$214.3M	<0.01%	-7.4%
5	CARRONADE CAPITAL MANAGEMENT#5 · 5,319,175 sh	5,319,175	$196.9M	3.41%	+15.0%
6	OAKTREE CAPITAL MANAGEMENT#6 · 5,282,905 sh	5,282,905	$195.5M	2.71%	+23.1%
7	AMERICAN CENTURY COMPANIES#7 · 4,720,830 sh	4,720,830	$174.7M	0.08%	+28.0%
8	STATE STREET#8 · 4,430,551 sh	4,430,551	$164.0M	<0.01%	+5.7%
9	VANGUARD CAPITAL MANAGEMENT#9 · 4,154,077 sh	4,154,077	$153.7M	<0.01%	-3.5%
10	GEODE CAPITAL MANAGEMENT#10 · 2,847,613 sh	2,847,613	$105.4M	<0.01%	+18.4%
11	GOLDMAN SACHS GROUP#11 · 2,502,233 sh	2,502,233	$92.6M	<0.01%	+13.9%
12	DAVIDSON KEMPNER CAPITAL MANAGEMENT#12 · 2,004,506 sh	2,004,506	$74.2M	0.88%	+42.0%
13	UBS Group AG#13 · 1,931,686 sh	1,931,686	$71.5M	<0.01%	+139.7%
14	Diameter Capital Partners#14 · 1,675,955 sh	1,675,955	$62.0M	5.00%	New
15	MORGAN STANLEY#15 · 1,576,007 sh	1,576,007	$58.3M	<0.01%	-7.2%
16	GABELLI FUNDS#16 · 1,527,900 sh	1,527,900	$56.5M	0.36%	+0.6%
17	GOLDENTREE ASSET MANAGEMENT#17 · 1,518,180 sh	1,518,180	$56.1M	3.26%	+194.2%
18	GAMCO INVESTORS, ET AL#18 · 1,490,973 sh	1,490,973	$55.2M	0.50%	-1.0%
19	FOURSIXTHREE CAPITAL#19 · 1,405,682 sh	1,405,682	$52.0M	10.73%	+49.4%
20	REDWOOD CAPITAL MANAGEMENT#20 · 1,275,282 sh	1,275,282	$47.2M	5.09%	0.0%
21	ARISTEIA CAPITAL, L.L.C.#21 · 1,165,593 sh	1,165,593	$43.1M	0.56%	+94.3%
22	CHARLES SCHWAB INVESTMENT MANAGEMENT#22 · 1,137,756 sh	1,137,756	$42.1M	<0.01%	+0.1%
23	NORTHERN#23 · 1,103,740 sh	1,103,740	$40.8M	<0.01%	+6.2%
24	140 Summer Partners#24 · 968,633 sh	968,633	$35.8M	2.56%	-27.5%
25	Hudson Bay Capital Management#25 · 942,129 sh	942,129	$34.9M	0.09%	+15.1%
26	Invesco Ltd.#26 · 928,956 sh	928,956	$34.4M	<0.01%	-8.6%
27	Qube Research & Technologies Ltd#27 · 904,110 sh	904,110	$33.5M	0.03%	-27.7%
28	BANK OF AMERICA#28 · 870,420 sh	870,420	$32.2M	<0.01%	+113.8%
29	Bank of New York Mellon#29 · 840,208 sh	840,208	$31.1M	<0.01%	+1.6%
30	VR Advisory Services Ltd#30 · 800,904 sh	800,904	$29.6M	2.63%	+9.6%
31	Capital International Investors#31 · 718,894 sh	718,894	$26.6M	<0.01%	New
32	DEUTSCHE BANK AG\#32 · 703,046 sh	703,046	$26.0M	<0.01%	-18.8%
33	VANGUARD FIDUCIARY#33 · 639,010 sh	639,010	$23.6M	<0.01%	+0.5%
34	TCW GROUP#34 · 617,332 sh	617,332	$22.8M	0.15%	+0.9%
35	Nuveen#35 · 516,988 sh	516,988	$19.1M	<0.01%	+2.0%
36	LOOMIS SAYLES & L P#36 · 507,441 sh	507,441	$18.8M	0.02%	-3.2%
37	HEALTHCARE OF ONTARIO PENSION PLAN FUND#37 · 492,552 sh	492,552	$18.2M	0.03%	-11.3%
38	Point72 Asset Management, L.P.#38 · 490,915 sh	490,915	$18.2M	0.02%	-16.3%
39	PRINCIPAL FINANCIAL GROUP#39 · 467,586 sh	467,586	$17.3M	<0.01%	-2.1%
40	Knighthead Capital Management#40 · 445,695 sh	445,695	$16.5M	1.40%	0.0%
41	JPMORGAN CHASE#41 · 414,945 sh	414,945	$15.9M	<0.01%	-37.3%
42	CONGRESS ASSET MANAGEMENT#42 · 352,497 sh	352,497	$13.0M	—	+26.6%
43	PUBLIC SECTOR PENSION INVESTMENT BOARD#43 · 332,325 sh	332,325	$12.3M	0.03%	-5.5%
44	FRANKLIN RESOURCES#44 · 329,880 sh	329,880	$12.2M	<0.01%	+803.1%
45	CITADEL ADVISORS#45 · 304,251 sh	304,251	$11.3M	<0.01%	-20.1%
46	Man Group plc#46 · 294,048 sh	294,048	$10.9M	0.02%	-39.6%
47	FMR#47 · 280,597 sh	280,597	$10.4M	<0.01%	+2.3%
48	Rokos Capital Management LLP#48 · 267,640 sh	267,640	$9.9M	0.04%	-46.5%
49	TUDOR INVESTMENT ET AL#49 · 266,423 sh	266,423	$9.9M	0.01%	+406.2%
50	RHUMBLINE ADVISERS#50 · 253,414 sh	253,414	$9.4M	<0.01%	-11.4%
51	Empyrean Capital Partners#51 · 245,000 sh	245,000	$9.1M	0.30%	-18.3%
52	Legal & General Group Plc#52 · 232,788 sh	232,788	$8.6M	<0.01%	-4.1%
53	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#53 · 224,652 sh	224,652	$8.3M	<0.01%	-16.1%
54	VICTORY CAPITAL MANAGEMENT#54 · 221,959 sh	221,959	$8.2M	<0.01%	+43.2%
55	Connor, Clark & Lunn Investment Management Ltd.#55 · 219,431 sh	219,431	$8.1M	0.02%	+213.0%
56	COOPER INVESTORS PTY LTD#56 · 212,845 sh	212,845	$7.9M	—	+8.4%
57	PINNACLE ASSOCIATES LTD#57 · 210,017 sh	210,017	$7.8M	—	+0.6%
58	PICTON MAHONEY ASSET MANAGEMENT#58 · 202,906 sh	202,906	$7.5M	0.06%	-5.0%
59	Swiss National Bank#59 · 192,000 sh	192,000	$7.1M	<0.01%	-5.4%
60	DigitalBridge Group#60 · 188,831 sh	188,831	$7.0M	0.42%	+133.7%
61	AMERIPRISE FINANCIAL#61 · 186,541 sh	186,541	$6.9M	<0.01%	-1.6%
62	BARCLAYS PLC#62 · 172,053 sh	172,053	$6.4M	<0.01%	+414.3%
63	Diametric Capital#63 · 171,273 sh	171,273	$6.3M	0.67%	+80.7%
64	Kerrisdale Advisers#64 · 163,758 sh	163,758	$6.1M	1.52%	-45.0%
65	PRUDENTIAL FINANCIAL#65 · 163,056 sh	163,056	$6.0M	<0.01%	+5.7%
66	ALLIANCEBERNSTEIN L.P.#66 · 128,223 sh	128,223	$5.4M	<0.01%	+11.4%
67	JACOBS LEVY EQUITY MANAGEMENT#67 · 142,505 sh	142,505	$5.3M	0.02%	+79.0%
68	PRICE T ROWE ASSOCIATES#68 · 141,870 sh	141,870	$5.3M	<0.01%	+16.4%
69	Phocas Financial#69 · 141,651 sh	141,651	$5.2M	0.73%	-5.1%
70	Allianz Asset Management GmbH#70 · 137,637 sh	137,637	$5.1M	<0.01%	-36.5%
71	ALGERT GLOBAL#71 · 131,180 sh	131,180	$4.9M	0.06%	+178.2%
72	Jain Global#72 · 130,427 sh	130,427	$4.8M	0.02%	+1.4%
73	Arini Captial Management Ltd#73 · 125,224 sh	125,224	$4.6M	0.96%	New
74	Vestcor#74 · 125,000 sh	125,000	$4.6M	0.11%	0.0%
75	BALYASNY ASSET MANAGEMENT L.P.#75 · 121,427 sh	121,427	$4.5M	<0.01%	+35.9%
76	Russell Investments Group, Ltd.#76 · 117,445 sh	117,445	$4.3M	<0.01%	+0.9%
77	Sentinel Dome Partners#77 · 115,000 sh	115,000	$4.3M	3.10%	0.0%
78	HAHN CAPITAL MANAGEMENT#78 · 114,821 sh	114,821	$4.2M	2.58%	-3.3%
79	MUTUAL OF AMERICA CAPITAL MANAGEMENT#79 · 114,395 sh	114,395	$4.2M	—	-51.4%
80	STATE OF WISCONSIN INVESTMENT BOARD#80 · 105,844 sh	105,844	$3.9M	<0.01%	+87.1%
81	NEW YORK STATE TEACHERS RETIREMENT SYSTEM#81 · 105,341 sh	105,341	$3.9M	—	+0.9%
82	RAYMOND JAMES FINANCIAL#82 · 104,383 sh	104,383	$3.9M	<0.01%	+6.2%
83	SG Americas Securities#83 · 102,985 sh	102,985	$3.8M	<0.01%	+707.2%
84	ROYAL BANK OF CANADA#84 · 102,824 sh	102,824	$3.8M	<0.01%	-8.7%
85	Krilogy Financial#85 · 101,035 sh	101,035	$3.7M	—	0.0%
86	Midwest#86 · 100,000 sh	100,000	$3.7M	—	New
87	LMR Partners LLP#87 · 97,800 sh	97,800	$3.6M	0.01%	New
88	WELLS FARGO & COMPANY#88 · 95,460 sh	95,460	$3.5M	<0.01%	+110.4%
89	FIRST ADVISORS#89 · 94,015 sh	94,015	$3.5M	<0.01%	-18.6%
90	VANGUARD ASSET MANAGEMENT, Ltd#90 · 93,316 sh	93,316	$3.5M	<0.01%	+3.2%
91	BESSEMER GROUP#91 · 88,696 sh	88,696	$3.3M	<0.01%	-0.1%
92	AQR CAPITAL MANAGEMENT#92 · 88,474 sh	88,474	$3.3M	<0.01%	+2.2%
93	INTECH INVESTMENT MANAGEMENT#93 · 85,732 sh	85,732	$3.2M	0.03%	-1.8%
94	BTG Pactual Asset Management US#94 · 85,157 sh	85,157	$3.2M	0.20%	New
95	PRELUDE CAPITAL MANAGEMENT#95 · 82,561 sh	82,561	$3.1M	0.22%	+77.2%
96	NewEdge Advisors#96 · 81,383 sh	81,383	$3.0M	<0.01%	New
97	GREAT WEST LIFE ASSURANCE#97 · 81,326 sh	81,326	$3.0M	<0.01%	-1.7%
98	Susquehanna Portfolio Strategies#98 · 79,502 sh	79,502	$2.9M	0.05%	-30.9%
99	Beartown Capital Management#99 · 75,000 sh	75,000	$2.8M	1.22%	0.0%
100	Saba Capital Management, L.P.#100 · 74,484 sh	74,484	$2.8M	0.07%	0.0%

Funds that sold out of TDS in Q2 2026 (53)

Held TDS at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held TDS in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
Rubric Capital Management1,850,000 sh	1,850,000	$77.9M
DENDUR CAPITAL802,000 sh	802,000	$33.8M
HENNESSY ADVISORS225,400 sh	225,400	$9.5M
BOOTHBAY FUND MANAGEMENT205,492 sh	205,492	$8.7M
TEACHER RETIREMENT SYSTEM OF TEXAS146,013 sh	146,013	$6.1M
TORONTO DOMINION BANK81,746 sh	81,746	$3.4M
MIRABELLA FINANCIAL SERVICES LLP80,187 sh	80,187	$3.4M
Resolute Capital Asset Partners70,000 sh	70,000	$2.9M
Aperture Investors54,292 sh	54,292	$2.3M
CANADA PENSION PLAN INVESTMENT BOARD52,700 sh	52,700	$2.2M
Squarepoint Ops50,591 sh	50,591	$2.1M
Y-Intercept (Hong Kong) Ltd43,768 sh	43,768	$1.8M
Blackstone26,660 sh	26,660	$1.1M
LANDSCAPE CAPITAL MANAGEMENT, L.L.C.23,586 sh	23,586	$993.0K
CAXTON ASSOCIATES LLP21,633 sh	21,633	$910.7K
Advisors Asset Management19,615 sh	19,615	$825.8K
Cambria Investment Management, L.P.16,266 sh	16,266	$684.8K
INCEPTIONR14,155 sh	14,155	$595.9K
Assenagon Asset Management S.A.13,537 sh	13,537	$569.9K
Pathstone10,631 sh	10,631	$447.6K
Bleakley Financial Group10,116 sh	10,116	$425.9K
BRIDGEWAY CAPITAL MANAGEMENT8,345 sh	8,345	$351.3K
OCCUDO QUANTITATIVE STRATEGIES7,760 sh	7,760	$349.7K
Massar Capital Management7,297 sh	7,297	$307.2K
DRW Securities6,917 sh	6,917	$291.2K
UNITED CAPITAL FINANCIAL ADVISORS5,701 sh	5,701	$240.0K
SAGE RHINO CAPITAL5,454 sh	5,454	$229.6K
PROFUND ADVISORS5,424 sh	5,424	$228.3K
Venturi Wealth Management5,393 sh	5,393	$227.0K
PANAGORA ASSET MANAGEMENT5,042 sh	5,042	$212.3K
T3 Companies5,000 sh	5,000	$210.5K
Focus Partners Wealth4,879 sh	4,879	$205.4K
MGO ONE SEVEN4,879 sh	4,879	$205.4K
JACKSON SQUARE CAPITAL4,800 sh	4,800	$202.1K
GTS SECURITIES4,768 sh	4,768	$200.7K
QUADRANT CAPITAL GROUP6,600 sh	6,600	$187.9K
Freestone Grove Partners3,555 sh	3,555	$149.7K
True Link Financial Advisors2,700 sh	2,700	$113.7K
Independence Bank of Kentucky1,200 sh	1,200	$50.5K
MAI Capital Management647 sh	647	$27.3K
Sound Income Strategies448 sh	448	$19.8K
Root Financial Partners377 sh	377	$15.9K
TWIN PEAKS WEALTH ADVISORS184 sh	184	$7.7K
Advisory Services Network143 sh	143	$6.0K
Wilmington Savings Fund Society, FSB96 sh	96	$4.0K
Bayforest Capital Ltd76 sh	76	$3.2K
Basecamp Wealth Advisors49 sh	49	$2.1K
AXS Investments32 sh	32	$1.3K
Annis Gardner Whiting Capital Advisors27 sh	27	$1.1K
Rossby Financial, LCC6 sh	6	$265.00
Vermillion Wealth Management4 sh	4	$168.00
CURIO WEALTH4 sh	4	$168.00
Dunhill Financial2 sh	2	$84.00

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.