Telephone and Data Systems
321 hedge funds and large institutions have $4.11B invested in Telephone and Data Systems in 2025 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 106 increasing their positions, 126 reducing their positions, and 29 closing their positions.
96% more call options, than puts
Call options by funds: $68.5M | Put options by funds: $35M
45% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 29
14% more capital invested
Capital invested by funds: $3.6B → $4.11B (+$510M)
3% more funds holding
Funds holding: 311 → 321 (+10)
2.42% more ownership
Funds ownership: 94.57% → 96.99% (+2.4%)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
16% less repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 126
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$142M |
| 2 |
RCMNY
Rubric Capital Management (New York)
New York
|
+$61.6M |
| 3 |
DKCM
Davidson Kempner Capital Management
New York
|
+$54.3M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$29.5M |
| 5 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
+$29.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
-$50.9M |
| 2 |
EGM
Engineers Gate Manager
New York
|
-$22.5M |
| 3 |
BlackRock
New York
|
-$20.9M |
| 4 |
UBS AM
Chicago,
Illinois
|
-$15.8M |
| 5 |
1SP
140 Summer Partners
New York
|
-$15.2M |
TDS Hedge Fund Activity: Q3 2025 in Review
321 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Telephone and Data Systems (TDS) for Q3 2025, worth a combined $4.11B — up 14% from $3.6B a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new TDS positions and 29 closed out — a net gain of 13 holders — while 106 added to existing stakes and 126 trimmed.
The largest buyer was Oaktree Capital Management, opening a new position worth an estimated $142M. The largest seller was Silver Point Capital, cutting an estimated $50.9M.
- 321 institutional investors held Telephone and Data Systems (TDS) as of Q3 2025, up from 311 in Q2 2025.
- Funds reported $4.11B of Telephone and Data Systems stock for Q3 2025, up 14% quarter-over-quarter.
- 42 funds opened new Telephone and Data Systems positions in Q3 2025 and 29 closed out, a net change of +13 holders.
- The largest Telephone and Data Systems buyer in Q3 2025 was Oaktree Capital Management, an estimated $142M added.
- The largest Telephone and Data Systems seller in Q3 2025 was Silver Point Capital, an estimated $50.9M sold.
Based on aggregated 13F filings for Q3 2025.