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Telephone and Data Systems

341 hedge funds and large institutions have $4.19B invested in Telephone and Data Systems in 2025 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 120 increasing their positions, 115 reducing their positions, and 34 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:

4% more repeat investments, than reductions

Existing positions increased: 120 | Existing positions reduced: 115

2% more capital invested

Capital invested by funds: $4.11B → $4.19B (+$78M)

2.42% less ownership

Funds ownership: 96.98%94.57% (-2.4%)

Holders
341
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
13
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
-$23.6M
5
UBS Group
UBS Group
Switzerland
-$22.1M
Name Holding Trade Value Shares
Change
Change in
Stake
HWAM
151
Hennion & Walsh Asset Management
New Jersey
$1.02M
State of Tennessee, Department of Treasury
152
State of Tennessee, Department of Treasury
Tennessee
$1.02M
CAU
153
Caxton Associates (UK)
$1.01M
TRSOTSOK
154
Teachers Retirement System of the State of Kentucky
Kentucky
$1.01M
COPPSERS
155
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$998K
ET
156
Entropy Technologies
New York
$990K
LCM
157
Landscape Capital Management
New Jersey
$974K
Franklin Resources
158
Franklin Resources
California
$971K
HSBC Holdings
159
HSBC Holdings
United Kingdom
$956K
VA
160
Vident Advisory
Georgia
$948K
Squarepoint
161
Squarepoint
New York
$938K
NICM
162
Neo Ivy Capital Management
New York
$931K
XT
163
XTX Topco
Cayman Islands
$930K
OPERF
164
Oregon Public Employees Retirement Fund
Oregon
$923K
FCBT
165
First Citizens Bank & Trust
North Carolina
$872K
Acadian Asset Management
166
Acadian Asset Management
Massachusetts
$857K
Envestnet Portfolio Solutions
167
Envestnet Portfolio Solutions
Illinois
$845K
AI
168
Axecap Investments
Ohio
$832K
FRM
169
Fox Run Management
Connecticut
$828K
Creative Planning
170
Creative Planning
Kansas
$827K
CL
171
CSS LLC
Illinois
$813K
ACM
172
Aquatic Capital Management
Illinois
$798K
ProShare Advisors
173
ProShare Advisors
Maryland
$793K
Amundi
174
Amundi
France
$761K
LCM
175
Laurion Capital Management
New York
$744K