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Telephone and Data Systems
TDS

354 hedge funds and large institutions have $4.26B invested in Telephone and Data Systems in 2026 Q1 according to their latest regulatory filings, with 57 funds opening new positions, 122 increasing their positions, 123 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,967% more call options, than puts

Call options by funds: $14.5M | Put options by funds: $703K

46% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 39

3% more funds holding

Funds holding: 343 → 354 (+11)

2% more capital invested

Capital invested by funds: $4.19B → $4.26B (+$71.5M)

1% less repeat investments, than reductions

Existing positions increased: 122 | Existing positions reduced: 123

0.89% less ownership

Funds ownership: 94.57% → 93.68% (-0.89%)

31% less funds holding in top 10

Funds holding in top 10: 13 → 9 (-4)

Holders
354
Holders Change
+11
Holders Change %
+3.21%
% of All Funds
4.36%
Holding in Top 10
9
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-30.77%
% of All Funds
0.11%
New
57
Increased
122
Reduced
123
Closed
39
Calls
$14.5M
Puts
$703K
Net Calls
+$13.8M
Net Calls Change
-$33.8M

Top Buyers

1
DC
Dendur Capital
New York
+$35.3M
2
OCM
Oaktree Capital Management
California
+$26.6M
3
GAM
Goldentree Asset Management
New York
+$22.7M
4
RCMU
Rokos Capital Management (UK)
United Kingdom
+$22M
5
CCM
Carronade Capital Management
Connecticut
+$18.5M

Top Sellers

1
DCP
Diameter Capital Partners
New York
-$43.8M
2
Millennium Management
Millennium Management
New York
-$37.9M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
-$24.3M
4
PMG
Private Management Group
California
-$18.1M
5
Barclays
Barclays
United Kingdom
-$13.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$628M +$2.21M +50,239 +0.3%
TP
2
Third Point
New York
$278M -$3.3M -75,000 -1%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$273M +$3.96M +90,097 +1%
VPM
4
Vanguard Portfolio Management
Pennsylvania
$263M +$275M +6,256,295 New
CCM
5
Carronade Capital Management
Connecticut
$195M +$18.5M +420,340 +10%
VCM
6
Vanguard Capital Management
Pennsylvania
$181M +$189M +4,304,742 New
OCM
7
Oaktree Capital Management
California
$181M +$26.6M +603,857 +16%
State Street
8
State Street
Massachusetts
$176M +$6.25M +142,055 +4%
American Century Companies
9
American Century Companies
Missouri
$155M +$5.45M +123,853 +3%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$101M -$486K -11,042 -0.5%
Goldman Sachs
11
Goldman Sachs
New York
$92.5M -$2.8M -63,675 -3%
RCMNY
12
Rubric Capital Management (New York)
New York
$77.9M – – –
Morgan Stanley
13
Morgan Stanley
New York
$71.5M -$7.52M -170,972 -9%
GF
14
Gabelli Funds
New York
$63.9M -$330K -7,500 -0.5%
GI
15
GAMCO Investors
Connecticut
$63.4M -$4.27M -97,015 -6%
DKCM
16
Davidson Kempner Capital Management
New York
$59.4M – – –
1SP
17
140 Summer Partners
New York
$56.3M +$942K +21,425 +2%
RCM
18
Redwood Capital Management
New York
$53.7M +$17.5M +398,702 +45%
Qube Research & Technologies (QRT)
19
Qube Research & Technologies (QRT)
United Kingdom
$52.6M -$1.42M -32,358 -3%
Charles Schwab
20
Charles Schwab
California
$47.9M +$303K +6,885 +0.6%
Northern Trust
21
Northern Trust
Illinois
$43.7M +$1.78M +40,510 +4%
Invesco
22
Invesco
Georgia
$42.8M -$10.2M -232,460 -19%
FC
23
Foursixthree Capital
New York
$39.6M -$11.8M -268,922 -22%
Deutsche Bank
24
Deutsche Bank
Germany
$36.5M -$10.8M -245,951 -22%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$34.8M -$1.39M -31,577 -4%
1
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TDS Hedge Fund Activity: Q1 2026 in Review

354 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Telephone and Data Systems (TDS) for Q1 2026, worth a combined $4.26B — up 1.7% from $4.19B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new TDS positions and 39 closed out — a net gain of 18 holders — while 122 added to existing stakes and 123 trimmed.

The largest buyer was Dendur Capital, opening a new position worth an estimated $35.3M. The largest seller was Diameter Capital Partners, exiting entirely with an estimated $43.8M sold.

  • 354 institutional investors held Telephone and Data Systems (TDS) as of Q1 2026, up from 343 in Q4 2025.
  • Funds reported $4.26B of Telephone and Data Systems stock for Q1 2026, up 1.7% quarter-over-quarter.
  • 57 funds opened new Telephone and Data Systems positions in Q1 2026 and 39 closed out, a net change of +18 holders.
  • The largest Telephone and Data Systems buyer in Q1 2026 was Dendur Capital, an estimated $35.3M added.
  • The largest Telephone and Data Systems seller in Q1 2026 was Diameter Capital Partners, an estimated $43.8M sold.

Based on aggregated 13F filings for Q1 2026.