MILLICOM INTERNATIONAL CELLULAR SA - Common Shares (TIGO) Institutional Ownership

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

Type / Class
Equity / Common Shares
Symbol
TIGO on Nasdaq
Shares outstanding
166,990,564
Price per share
$51.83
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
71,978,974
Total reported value
$3,988,693,066
% of total 13F portfolios
0%
Share change
+1,515,061
Value change
+$90,441,384
Number of holders
314
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of MILLICOM INTERNATIONAL CELLULAR SA - Common Shares (TIGO) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Atlas Investissement SAS 42% 0% $3,652,461,033 70,470,018 0% Atlas Investissement SAS 10 Feb 2026

As of 31 Dec 2025, 314 institutional investors reported holding 71,978,974 shares of MILLICOM INTERNATIONAL CELLULAR SA - Common Shares (TIGO). This represents 43% of the company’s total 166,990,564 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of MILLICOM INTERNATIONAL CELLULAR SA - Common Shares (TIGO) together control 32% 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
Dodge & Cox 4.9% 8,133,132 -3.7% 0.24% $450,900,838
JPMORGAN CHASE & CO 4% 6,713,607 +3.9% 0.03% $372,202,371
BlackRock, Inc. 3.2% 5,424,834 +2.3% 0.01% $300,752,822
PRICE T ROWE ASSOCIATES INC /MD/ 3% 4,936,030 -15% 0.03% $273,655,000
BRANDES INVESTMENT PARTNERS, LP 2.9% 4,836,505 -17% 2% $268,135,917
BARCLAYS PLC 1.7% 2,860,379 -1.2% 0.06% $158,579,411
STATE STREET CORP 1.4% 2,279,268 +15% 0% $126,364,176
Perpetual Ltd 1.2% 2,049,074 -25% 1.6% $113,600,663
Swedbank AB 1.2% 2,014,033 -16% 0.11% $111,657,990
Boston Partners 0.96% 1,603,730 +2.7% 0.09% $88,910,790
NORTHERN TRUST CORP 0.75% 1,252,949 -1.4% 0.01% $69,463,493
Marathon Asset Management Ltd 0.66% 1,101,022 +12% 2.3% $61,074,174
Tredje AP-fonden 0.65% 1,090,531 0.46% $60,459,039
BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.61% 1,010,621 +83% 0.06% $56,029,000
FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND 0.6% 1,000,000 0.46% $55,440,000
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.56% 940,729 -23% 0.03% $52,154,016
FIRST TRUST ADVISORS LP 0.54% 893,412 -7.8% 0.04% $49,530,761
Qube Research & Technologies Ltd 0.51% 850,918 +31% 0.07% $47,174,894
MORGAN STANLEY 0.51% 847,746 +38% 0% $46,999,075
VICTORY CAPITAL MANAGEMENT INC 0.49% 810,521 +8.9% 0.03% $44,935,284
GEODE CAPITAL MANAGEMENT, LLC 0.47% 776,978 -1.8% 0% $43,067,348
DEUTSCHE BANK AG\ 0.43% 724,810 -13% 0.01% $40,183,467
Cullen Capital Management, LLC 0.39% 656,608 +2.1% 0.4% $36,402,348
GAMCO INVESTORS, INC. ET AL 0.39% 651,150 -9.1% 0.35% $36,099,756
Triodos Investment Management BV 0.36% 607,000 -14% 2.4% $33,439,630

Institutional Holders of MILLICOM INTERNATIONAL CELLULAR SA - Common Shares (TIGO) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 71,978,974 $3,988,693,066 +$90,441,384 $55.44 314
2025 Q3 70,391,211 $3,415,936,322 +$336,670,329 $48.54 263
2025 Q2 65,018,758 $2,426,065,753 +$252,571,708 $37.47 217
2025 Q1 58,219,975 $1,761,548,546 +$1,419,406,397 $30.27 170
2024 Q4 11,237,145 $281,030,464 +$75,362,426 $25.01 97
2024 Q3 8,147,686 $221,054,724 -$13,649,226 $27.12 95
2024 Q2 8,739,507 $214,308,861 +$12,828,566 $24.55 94
2024 Q1 8,241,950 $166,679,212 +$6,586,029 $20.23 74
2023 Q4 7,929,177 $142,756,344 +$23,396 $18.00 62
2023 Q3 7,417,584 $114,596,847 +$10,699,625 $15.45 60
2023 Q2 6,717,269 $102,354,257 -$6,147,901 $15.24 61
2023 Q1 7,011,209 $132,649,730 -$7,828,119 $18.92 61
2022 Q4 7,467,072 $94,371,300 +$6,605,133 $12.63 57
2022 Q3 6,953,070 $79,257,150 -$1,954,106 $11.41 47
2022 Q2 7,030,869 $101,050,000 +$7,402,545 $14.37 54
2022 Q1 5,005,743 $126,222,000 +$19,979,724 $25.21 51
2021 Q4 4,198,785 $119,466,535 -$542,112 $28.45 46
2021 Q3 4,187,203 $151,343,000 -$28,020,202 $36.15 43
2021 Q2 4,950,124 $195,882,000 -$29,959,659 $39.57 50
2021 Q1 5,717,226 $218,543,000 -$7,280,259 $38.21 46
2020 Q4 5,882,894 $228,198,000 -$51,636,508 $38.79 43
2020 Q3 7,242,956 $219,323,000 -$28,471,049 $30.28 44
2020 Q2 8,329,611 $217,814,529 +$33,588,393 $26.15 40
2020 Q1 7,028,739 $199,606,085 -$6,245,658 $28.40 37
2019 Q4 7,228,009 $348,585,145 +$64,492,165 $48.23 42
2019 Q3 6,915,494 $336,833,146 -$3,441,102 $48.67 45
2019 Q2 6,973,485 $388,970,349 +$26,486,632 $55.71 47
2019 Q1 6,492,126 $396,289,406 +$287,325,140 $60.84 39
2018 Q4 1,782,840 $113,495,000 +$3,445,955 $63.65 4
2018 Q3 1,724,859 $98,610,000 +$1,170,441 $57.17 3
2018 Q2 1,704,386 $100,133,000 +$1,031,535 $58.75 3
2018 Q1 1,686,828 $116,729,000 -$2,510,390 $69.20 3
2017 Q4 1,723,105 $116,154,000 +$7,151,116 $67.41 3
2017 Q3 1,617,016 $106,432,000 -$1,720,656 $65.82 2
2017 Q2 1,643,158 $97,769,000 -$3,881,069 $59.50 2
2017 Q1 1,708,385 $95,516,000 +$1,849,114 $55.91 2
2016 Q4 1,675,312 $70,950,000 +$9,161,840 $42.35 2
2016 Q3 1,458,979 $76,159,000 +$4,142,061 $52.20 2
2016 Q2 1,379,630 $84,282,000 +$7,150,886 $61.09 2
2016 Q1 1,262,589 $69,608,000 +$2,959,884 $56.05 4
2015 Q4 1,211,497 $69,755,000 -$31,914 $57.71 3
2015 Q3 1,209,208 $75,648,000 +$10,533,684 $62.56 2
2015 Q2 1,040,828 $76,990,000 +$1,709,562 $73.97 2
2015 Q1 1,017,718 $73,428,000 +$1,238,941 $72.14 2
2014 Q4 1,000,453 $74,914,000 -$74,904 $74.91 2
2014 Q3 1,001,446 $80,186,000 -$1,386,615 $80.07 3
2014 Q2 1,018,759 $93,328,000 -$3,073,922 $91.25 4
2014 Q1 1,049,417 $107,041,000 +$2,896,126 $102.00 5