Telephone and Data Systems
311 hedge funds and large institutions have $3.6B invested in Telephone and Data Systems in 2025 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 111 increasing their positions, 121 reducing their positions, and 31 closing their positions.
19% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 31
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
2.44% more ownership
Funds ownership: 92.13% → 94.57% (+2.4%)
2% more funds holding
Funds holding: 306 → 311 (+5)
3% less call options, than puts
Call options by funds: $100M | Put options by funds: $104M
5% less capital invested
Capital invested by funds: $3.78B → $3.6B (-$184M)
8% less repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 121
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Carronade Capital Management
Darien,
Connecticut
|
+$84M |
| 2 |
1SP
140 Summer Partners
New York
|
+$38.5M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
+$29.9M |
| 4 |
EGM
Engineers Gate Manager
New York
|
+$22.2M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$14.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
-$30.2M |
| 2 |
Barclays
London,
United Kingdom
|
-$20.5M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$18.9M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
-$17.9M |
| 5 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$14M |
TDS Hedge Fund Activity: Q2 2025 in Review
311 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Telephone and Data Systems (TDS) for Q2 2025, worth a combined $3.6B — down 4.9% from $3.78B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new TDS positions and 31 closed out — a net gain of 6 holders — while 111 added to existing stakes and 121 trimmed.
The largest buyer was Carronade Capital Management, adding an estimated $84M. The largest seller was Nuveen, cutting an estimated $30.2M.
- 311 institutional investors held Telephone and Data Systems (TDS) as of Q2 2025, up from 306 in Q1 2025.
- Funds reported $3.6B of Telephone and Data Systems stock for Q2 2025, down 4.9% quarter-over-quarter.
- 37 funds opened new Telephone and Data Systems positions in Q2 2025 and 31 closed out, a net change of +6 holders.
- The largest Telephone and Data Systems buyer in Q2 2025 was Carronade Capital Management, an estimated $84M added.
- The largest Telephone and Data Systems seller in Q2 2025 was Nuveen, an estimated $30.2M sold.
Based on aggregated 13F filings for Q2 2025.