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Telephone and Data Systems
TDS

306 hedge funds and large institutions have $3.78B invested in Telephone and Data Systems in 2025 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 102 increasing their positions, 121 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 6 → 8 (+2)

19% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 36

14% more capital invested

Capital invested by funds: $3.31B → $3.78B (+$472M)

2% more funds holding

Funds holding: 301 → 306 (+5)

0.09% more ownership

Funds ownership: 92.04% → 92.13% (+0.09%)

16% less repeat investments, than reductions

Existing positions increased: 102 | Existing positions reduced: 121

29% less call options, than puts

Call options by funds: $81.5M | Put options by funds: $115M

Holders
306
Holders Change
+5
Holders Change %
+1.66%
% of All Funds
4.1%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
43
Increased
102
Reduced
121
Closed
36
Calls
$81.5M
Puts
$115M
Net Calls
-$33.1M
Net Calls Change
-$32M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$47.5M
2
TP
Third Point
New York
+$27.4M
3
UBS Group
UBS Group
Switzerland
+$21.9M
4
WI
Whitebark Investors
Nevada
+$21.1M
5
RCM
Redwood Capital Management
New York
+$20.5M

Top Sellers

1
BlackRock
BlackRock
New York
-$34.3M
2
CCM
Carronade Capital Management
Connecticut
-$32.4M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$24.5M
4
PMG
Private Management Group
California
-$18M
5
UBS AM
UBS AM
Illinois
-$14.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
HCA
326
Harbour Capital Advisors
Virginia
– -$291K -8,575 Closed
ECM
327
Everence Capital Management
Indiana
– -$264K -7,730 Closed
NWAG
328
Net Worth Advisory Group
Utah
– -$259K -7,607 Closed
ILI
329
Invesco LLC (Illinois)
Illinois
– -$230K -6,747 Closed
PCM
330
Polymer Capital Management
New York
– -$213K -6,256 Closed
CM
331
Crestline Management
Texas
– -$210K -6,170 Closed
SC
332
Savant Capital
Illinois
– -$203K -5,960 Closed
VWM
333
Venturi Wealth Management
Texas
– -$155K -4,530 Closed
CAM
334
Clarity Asset Management
Iowa
– -$60.5K -1,774 Closed
HPC
335
HM Payson & Co
Maine
– -$25.3K -743 Closed
ACM
336
Aquatic Capital Management
Illinois
– -$21.7K -636 Closed
T
337
Transce3nd
Texas
– -$16.4K -480 Closed
SSG
338
Summit Securities Group
New York
– -$11.2K -328 Closed
FHA
339
First Horizon Advisors
Tennessee
– -$1.6K -47 Closed
RS
340
R Squared
Hong Kong
– -$1.02K -30 Closed
HI
341
Horizon Investments
North Carolina
– -$887 -26 Closed
HFS
342
Hantz Financial Services
Michigan
– +$108 +3 New
10 11 12 13
14

TDS Hedge Fund Activity: Q1 2025 in Review

306 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Telephone and Data Systems (TDS) for Q1 2025, worth a combined $3.78B — up 14% from $3.31B a quarter earlier.

Buyers outnumbered sellers: 43 funds opened new TDS positions and 36 closed out — a net gain of 7 holders — while 102 added to existing stakes and 121 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $47.5M. The largest seller was BlackRock, cutting an estimated $34.3M.

  • 306 institutional investors held Telephone and Data Systems (TDS) as of Q1 2025, up from 301 in Q4 2024.
  • Funds reported $3.78B of Telephone and Data Systems stock for Q1 2025, up 14% quarter-over-quarter.
  • 43 funds opened new Telephone and Data Systems positions in Q1 2025 and 36 closed out, a net change of +7 holders.
  • The largest Telephone and Data Systems buyer in Q1 2025 was Goldman Sachs, an estimated $47.5M added.
  • The largest Telephone and Data Systems seller in Q1 2025 was BlackRock, an estimated $34.3M sold.

Based on aggregated 13F filings for Q1 2025.