Telephone and Data Systems
343 hedge funds and large institutions have $4.19B invested in Telephone and Data Systems in 2025 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 119 increasing their positions, 117 reducing their positions, and 35 closing their positions.
990% more call options, than puts
Call options by funds: $52.5M | Put options by funds: $4.81M
77% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 35
44% more funds holding in top 10
Funds holding in top 10: 9 → 13 (+4)
7% more funds holding
Funds holding: 321 → 343 (+22)
2% more capital invested
Capital invested by funds: $4.11B → $4.19B (+$76.9M)
2% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 117
2.44% less ownership
Funds ownership: 96.99% → 94.55% (-2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VAS
VR Advisory Services
Camana Bay, Grand Cayman,
Cayman Islands
|
+$22.3M |
| 2 |
Millennium Management
New York
|
+$21.6M |
| 3 |
CCM
Carronade Capital Management
Darien,
Connecticut
|
+$20.4M |
| 4 |
KA
Kerrisdale Advisers
Miami,
Florida
|
+$19.7M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$17.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$38.8M |
| 2 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
-$33.6M |
| 3 |
WI
Whitebark Investors
Incline Village,
Nevada
|
-$28.6M |
| 4 |
Goldman Sachs
New York
|
-$23.6M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$22.1M |
TDS Hedge Fund Activity: Q4 2025 in Review
343 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Telephone and Data Systems (TDS) for Q4 2025, worth a combined $4.19B — up 1.9% from $4.11B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new TDS positions and 35 closed out — a net gain of 27 holders — while 119 added to existing stakes and 117 trimmed.
The largest buyer was VR Advisory Services, opening a new position worth an estimated $22.3M. The largest seller was Ameriprise, cutting an estimated $38.8M.
- 343 institutional investors held Telephone and Data Systems (TDS) as of Q4 2025, up from 321 in Q3 2025.
- Funds reported $4.19B of Telephone and Data Systems stock for Q4 2025, up 1.9% quarter-over-quarter.
- 62 funds opened new Telephone and Data Systems positions in Q4 2025 and 35 closed out, a net change of +27 holders.
- The largest Telephone and Data Systems buyer in Q4 2025 was VR Advisory Services, an estimated $22.3M added.
- The largest Telephone and Data Systems seller in Q4 2025 was Ameriprise, an estimated $38.8M sold.
Based on aggregated 13F filings for Q4 2025.