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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
First Trust Advisors
76
First Trust Advisors
Illinois
$4.87M -$504K -11,452 -9%
SDP
77
Sentinel Dome Partners
California
$4.84M -$220K -5,000 -4%
SPS
78
Susquehanna Portfolio Strategies
Pennsylvania
$4.84M +$255K +5,800 +5%
Royal Bank of Canada
79
Royal Bank of Canada
Ontario, Canada
$4.74M +$2.55M +57,921 +106%
AllianceBernstein
80
AllianceBernstein
Tennessee
$4.72M -$234K -5,317 -4%
KF
81
Krilogy Financial
Missouri
$4.6M -$492K -11,178 -10%
New York State Teachers Retirement System (NYSTRS)
82
New York State Teachers Retirement System (NYSTRS)
New York
$4.39M -$514K -11,682 -10%
Susquehanna International Group
83
Susquehanna International Group
Pennsylvania
$4.21M +$1.99M +45,316 +83%
CM
84
CastleKnight Management
New York
$4.2M -$1.65M -37,600 -27%
Raymond James Financial
85
Raymond James Financial
Florida
$4.14M -$3.2M -72,838 -43%
DC
86
Diametric Capital
Massachusetts
$3.99M -$329K -7,489 -7%
VAM
87
Vanguard Asset Management
$3.81M +$3.97M +90,393 New
Balyasny Asset Management
88
Balyasny Asset Management
Illinois
$3.76M +$892K +20,283 +29%
Bessemer Group
89
Bessemer Group
New Jersey
$3.74M +$21.5K +490 +0.6%
IIM
90
INTECH Investment Management
Florida
$3.68M -$356K -8,094 -8%
AQR Capital Management
91
AQR Capital Management
Connecticut
$3.64M +$175K +3,984 +5%
Two Sigma Investments
92
Two Sigma Investments
New York
$3.62M +$3.78M +85,900 New
Canada Life
93
Canada Life
Manitoba, Canada
$3.48M -$281K -6,385 -7%
Toronto Dominion Bank
94
Toronto Dominion Bank
Ontario, Canada
$3.44M +$643K +14,624 +22%
DG
95
DigitalBridge Group
Florida
$3.4M -$5.49M -124,900 -61%
MFS
96
Mirabella Financial Services
United Kingdom
$3.38M +$3.53M +80,187 New
Jacobs Levy Equity Management
97
Jacobs Levy Equity Management
New Jersey
$3.35M -$988K -22,473 -22%
BCM
98
Beartown Capital Management
Michigan
$3.16M – – –
NA
99
NewEdge Advisors
Louisiana
$3.14M +$15.5K +353 +0.5%
SCM
100
Saba Capital Management
New York
$3.14M -$243K -5,516 -7%
2 3
4
5 6

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.