Telephone and Data Systems
349 hedge funds and large institutions have $3.95B invested in Telephone and Data Systems in 2026 Q2 according to their latest regulatory filings, with 54 funds opening new positions, 129 increasing their positions, 114 reducing their positions, and 54 closing their positions.
3,337% more call options, than puts
Call options by funds: $27.7M | Put options by funds: $807K
13% more repeat investments, than reductions
Existing positions increased: 129 | Existing positions reduced: 114
6.62% more ownership
Funds ownership: 93.72% → 100.33% (+6.6%)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
0% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 54
2% less funds holding
Funds holding: 356 → 349 (-7)
7% less capital invested
Capital invested by funds: $4.26B → $3.95B (-$313M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Diameter Capital Partners
New York
|
+$70.7M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$47.5M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
+$43.5M |
| 4 |
GAM
Goldentree Asset Management
New York
|
+$42.2M |
| 5 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$41.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$77.9M |
| 2 |
DC
Dendur Capital
New York
|
-$33.8M |
| 3 |
Vanguard Portfolio Management
Malvern,
Pennsylvania
|
-$19.6M |
| 4 |
RA
Royce & Associates
New York
|
-$17M |
| 5 |
1SP
140 Summer Partners
New York
|
-$15.5M |
TDS Hedge Fund Activity: Q2 2026 in Review
349 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Telephone and Data Systems (TDS) for Q2 2026, worth a combined $3.95B — down 7.3% from $4.26B a quarter earlier.
Fund positioning in TDS was balanced in Q2 2026: 54 funds opened new positions, 54 closed out, 129 added to existing stakes and 114 trimmed.
The largest buyer was Diameter Capital Partners, opening a new position worth an estimated $70.7M. The largest seller was Rubric Capital Management (New York), exiting entirely with an estimated $77.9M sold.
- 349 institutional investors held Telephone and Data Systems (TDS) as of Q2 2026, down from 356 in Q1 2026.
- Funds reported $3.95B of Telephone and Data Systems stock for Q2 2026, down 7.3% quarter-over-quarter.
- 54 funds opened new Telephone and Data Systems positions in Q2 2026 and 54 closed out, a net change of 0 holders.
- The largest Telephone and Data Systems buyer in Q2 2026 was Diameter Capital Partners, an estimated $70.7M added.
- The largest Telephone and Data Systems seller in Q2 2026 was Rubric Capital Management (New York), an estimated $77.9M sold.
Based on aggregated 13F filings for Q2 2026.