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Telephone and Data Systems

338 hedge funds and large institutions have $4.18B invested in Telephone and Data Systems in 2025 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 116 increasing their positions, 117 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

more first-time investments, than exits

New positions opened: | Existing positions closed:

more funds holding in top 10

Funds holding in top 10:

more funds holding

Funds holding:

2% more capital invested

Capital invested by funds: $4.11B → $4.18B (+$71M)

1% less repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 117

2.57% less ownership

Funds ownership: 96.99%94.41% (-2.6%)

Holders
338
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
12
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$52.5M
Puts
$4.81M
Net Calls
Net Calls Change

Top Buyers

1 +$22.3M
2 +$21.6M
3 +$20.4M
4
KA
Kerrisdale Advisers
Florida
+$19.7M
5
Citadel Advisors
Citadel Advisors
Florida
+$17.2M

Top Sellers

1 -$38.8M
2 -$33.6M
3 -$28.6M
4
Goldman Sachs
Goldman Sachs
New York
-$23.8M
5
UBS Group
UBS Group
Switzerland
-$22.1M
Name Holding Trade Value Shares
Change
Change in
Stake
PCA
226
Pallas Capital Advisors
Massachusetts
$289K
CWM
227
CIBC World Markets
New York
$270K
C
228
Covestor
United Kingdom
$264K
GI
229
GAMMA Investing
California
$262K
BCWM
230
Bartlett & Co Wealth Management
Ohio
$261K
LIP
231
Lighthouse Investment Partners
Florida
$258K
JSW
232
Journey Strategic Wealth
New Jersey
$247K
CAPTRUST Financial Advisors
233
CAPTRUST Financial Advisors
North Carolina
$247K
HWM
234
HB Wealth Management
Georgia
$241K
HighTower Advisors
235
HighTower Advisors
Illinois
$241K
TRCT
236
Tower Research Capital (TRC)
New York
$238K
SCM
237
Sterling Capital Management
North Carolina
$237K
IA
238
Inspire Advisors
Idaho
$235K
Nisa Investment Advisors
239
Nisa Investment Advisors
Missouri
$231K
GT
240
Greenleaf Trust
Michigan
$226K
FFM
241
Forum Financial Management
Illinois
$222K
TM
242
Torren Management
California
$220K
UCFA
243
United Capital Financial Advisors
Texas
$220K
B
244
Bailard
California
$217K
SRC
245
Sage Rhino Capital
California
$217K
HCMT
246
Highland Capital Management (Tennessee)
Tennessee
$215K
GC
247
Guggenheim Capital
Illinois
$209K
PAM
248
Panagora Asset Management
Massachusetts
$207K
MIG
249
Mariner Investment Group
New York
$205K
SLAM
250
Swiss Life Asset Management
$202K