TELEPHONE & DATA SYSTEMS INC /DE/ - Common Stock (TDS) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
TDS on NYSE
Shares outstanding
108,025,840
Price per share
$43.63
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
101,960,207
Total reported value
$4,180,873,508
% of total 13F portfolios
0.01%
Share change
-2,918,420
Value change
-$113,145,085
Number of holders
335
Price from insider filings
$43.63
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of TELEPHONE & DATA SYSTEMS INC /DE/ - Common Stock (TDS) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
BlackRock, Inc. 14% $541,200,874 14,766,736 BlackRock, Inc. 31 Mar 2025
TELEPHONE & DATA SYSTEMS INC VOTING TRUST 1989 12% $533,060,748 13,512,313 TELEPHONE & DATA SYSTEMS INC VOTING TRUST 1989 01 Aug 2025
VANGUARD GROUP INC 11% $466,379,961 11,375,121 The Vanguard Group 31 Dec 2025
Third Point LLC 5.7% $219,900,000 6,000,000 Third Point LLC 17 Dec 2024

As of 31 Dec 2025, 335 institutional investors reported holding 101,960,207 shares of TELEPHONE & DATA SYSTEMS INC /DE/ - Common Stock (TDS). This represents 94% of the company’s total 108,025,840 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of TELEPHONE & DATA SYSTEMS INC /DE/ - Common Stock (TDS) together control 73% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
BlackRock, Inc. 14% 14,872,075 +0.04% 0.01% $609,755,079
VANGUARD GROUP INC 11% 11,375,121 -1.1% 0.01% $466,379,961
Third Point LLC 6.2% 6,675,000 -0.48% 3.8% $273,675,000
DIMENSIONAL FUND ADVISORS LP 5.9% 6,392,050 +1.6% 0.05% $262,072,451
CARRONADE CAPITAL MANAGEMENT, LP 3.9% 4,203,594 +14% 16% $172,347,000
STATE STREET CORP 3.7% 4,049,385 +1.5% 0.01% $166,024,785
OAKTREE CAPITAL MANAGEMENT LP 3.4% 3,688,386 0% 2.5% $151,223,826
AMERICAN CENTURY COMPANIES INC 3.3% 3,564,761 -1.3% 0.07% $146,155,262
GEODE CAPITAL MANAGEMENT, LLC 2.2% 2,415,553 +2.8% 0.01% $99,052,954
GOLDMAN SACHS GROUP INC 2.1% 2,254,908 -21% 0.01% $92,451,240
MORGAN STANLEY 1.7% 1,869,536 -9.8% 0% $76,651,038
Rubric Capital Management LP 1.7% 1,850,000 +16% 0.91% $75,850,000
GAMCO INVESTORS, INC. ET AL 1.5% 1,603,026 -2.9% 0.63% $65,724,066
GABELLI FUNDS LLC 1.4% 1,526,500 -2.5% 0.42% $62,586,500
Davidson Kempner Capital Management LP 1.3% 1,411,700 0% 1.3% $57,879,700
140 Summer Partners LP 1.2% 1,315,306 +5.3% 4.2% $53,927,546
Qube Research & Technologies Ltd 1.2% 1,282,357 +14% 0.08% $52,576,637
Invesco Ltd. 1.2% 1,249,344 +5.3% 0.01% $51,223,104
FOURSIXTHREE CAPITAL LP 1.1% 1,209,849 -13% 21% $49,603,809
Point72 Asset Management, L.P. 1.1% 1,137,957 +45% 0.07% $46,656,237
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1% 1,130,205 -1.3% 0.01% $46,338,405
DEUTSCHE BANK AG\ 1% 1,111,928 -12% 0.01% $45,589,048
Diameter Capital Partners LP 0.99% 1,067,297 +4.1% 4.6% $43,759,177
MILLENNIUM MANAGEMENT LLC 0.97% 1,044,166 +113% 0.03% $42,810,806
NORTHERN TRUST CORP 0.92% 998,345 -5.7% 0.01% $40,932,145

Institutional Holders of TELEPHONE & DATA SYSTEMS INC /DE/ - Common Stock (TDS) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 101,960,207 $4,180,873,508 -$113,145,085 $41.00 335
2025 Q3 104,745,400 $4,110,064,212 +$138,583,520 $39.24 318
2025 Q2 101,318,395 $3,604,887,624 +$50,815,497 $35.58 311
2025 Q1 97,076,850 $3,760,423,439 +$93,760,365 $38.74 304
2024 Q4 97,099,624 $3,311,903,432 +$80,628,979 $34.11 300
2024 Q3 94,324,209 $2,190,929,114 +$59,467,910 $23.25 274
2024 Q2 92,073,462 $1,908,681,031 +$28,364,139 $20.73 255
2024 Q1 90,859,256 $1,455,326,252 +$16,769,606 $16.02 252
2023 Q4 90,236,900 $1,655,803,525 -$28,148,782 $18.35 261
2023 Q3 91,265,486 $1,670,970,980 -$20,352,859 $18.31 255
2023 Q2 92,742,301 $763,250,188 +$12,990,828 $8.23 226
2023 Q1 91,917,546 $965,985,133 -$136,301,212 $10.51 233
2022 Q4 104,909,929 $1,100,627,210 +$90,274,130 $10.49 240
2022 Q3 95,873,712 $1,332,800,432 +$11,845,277 $13.90 218
2022 Q2 94,751,082 $1,496,768,169 -$36,994,463 $15.79 222
2022 Q1 97,043,576 $1,831,641,947 +$27,923,195 $18.88 201
2021 Q4 95,397,069 $1,922,118,610 +$35,916,743 $20.15 216
2021 Q3 93,243,864 $1,818,465,574 +$11,179,850 $19.50 209
2021 Q2 94,432,472 $2,139,513,488 +$83,501,267 $22.66 220
2021 Q1 90,998,312 $2,088,952,373 +$19,479,157 $22.96 237
2020 Q4 90,765,846 $1,685,295,034 -$52,359,559 $18.57 236
2020 Q3 93,689,861 $1,727,661,007 -$10,533,528 $18.44 242
2020 Q2 94,035,255 $1,869,381,346 -$19,052,900 $19.88 227
2020 Q1 95,157,404 $1,595,026,068 -$32,640,634 $16.76 220
2019 Q4 96,137,518 $2,444,135,393 +$17,904,855 $25.43 240
2019 Q3 95,360,186 $2,459,757,398 -$8,422,115 $25.80 272
2019 Q2 95,458,595 $2,901,845,772 +$103,378,547 $30.40 292
2019 Q1 93,931,947 $2,886,267,958 -$10,043,586 $30.73 296
2018 Q4 94,193,823 $3,064,866,125 +$19,497,779 $32.54 290
2018 Q3 93,657,208 $2,850,032,747 +$26,409,840 $30.43 260
2018 Q2 92,921,163 $2,547,694,188 -$11,098,499 $27.42 256
2018 Q1 93,086,270 $2,609,356,004 +$16,019,951 $28.03 252
2017 Q4 91,516,048 $2,544,123,758 -$67,025,272 $27.80 246
2017 Q3 93,826,823 $2,616,827,881 +$48,645,189 $27.89 223
2017 Q2 92,118,764 $2,556,223,295 +$50,700,641 $27.75 227
2017 Q1 90,347,709 $2,395,218,736 +$433,261,180 $26.51 238
2016 Q4 89,249,262 $2,576,957,066 +$21,412,564 $28.87 247
2016 Q3 88,480,070 $2,403,939,507 -$1,948,783 $27.18 237
2016 Q2 88,503,811 $2,625,002,012 -$13,940,960 $29.66 243
2016 Q1 89,004,717 $2,677,866,150 +$12,841,537 $30.09 242
2015 Q4 88,411,333 $2,288,946,383 -$19,695,242 $25.89 248
2015 Q3 89,220,523 $2,226,988,176 +$12,251,454 $24.96 243
2015 Q2 88,441,217 $2,600,158,414 +$19,934,709 $29.40 242
2015 Q1 85,703,146 $2,133,577,968 -$28,417,778 $24.90 211
2014 Q4 86,651,288 $2,187,344,489 +$3,739,145 $25.25 210
2014 Q3 85,922,147 $2,058,629,817 +$7,568,865 $23.96 206
2014 Q2 85,421,169 $2,230,197,108 -$26,092,999 $26.11 216
2014 Q1 85,708,418 $2,246,457,973 +$77,639,089 $26.21 214