TDS US Equity

TELEPHONE & DATA SYSTEMS INC /DE/

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Communication Services · Telephone Communications (No Radiotelephone) · CIK 1051512 · FYE 1231

$34.00

+0.35 (+1.04%)

USD · as of 2026-07-28 · marketstack

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Institutional ownership· 13F filers holding TDS · 2026-Q1 methodology → sources →

352 holders

% of shares outstanding held

85.3%

Shares held (13F)

101,095,900

Reporting holders

352

Top holders

largest 100 of 352 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	BlackRock, Inc.	14,922,31414.9M	$628M	12.59%	—
2	Third Point LLCtracked	6,600,0006.6M	$278M	5.57%	—
3	DIMENSIONAL FUND ADVISORS LP	6,482,1476.5M	$273M	5.47%	—
4	VANGUARD PORTFOLIO MANAGEMENT LLC	6,256,2956.3M	$263M	5.28%	NEW†
5	CARRONADE CAPITAL MANAGEMENT, LP	4,623,9344.6M	$195M	3.90%	ADD 10%
6	VANGUARD CAPITAL MANAGEMENT LLC	4,304,7424.3M	$181M	3.63%	NEW†
7	OAKTREE CAPITAL MANAGEMENT LP	4,292,2434.3M	$181M	3.62%	ADD 16%
8	STATE STREET CORP	4,191,4404.2M	$176M	3.54%	ADD 4%
9	AMERICAN CENTURY COMPANIES INC	3,688,6143.7M	$155M	3.11%	ADD 3%
10	GEODE CAPITAL MANAGEMENT, LLC	2,404,5112.4M	$101M	2.03%	—
11	GOLDMAN SACHS GROUP INC	2,196,8222.2M	$92M	1.85%	TRIM -3%
12	Rubric Capital Management LP	1,850,0001.9M	$78M	1.56%	—
13	MORGAN STANLEY	1,698,5641.7M	$72M	1.43%	TRIM -9%
14	GABELLI FUNDS LLC	1,519,0001.5M	$64M	1.28%	—
15	GAMCO INVESTORS, INC. ET AL	1,506,0111.5M	$63M	1.27%	TRIM -6%
16	Davidson Kempner Capital Management LP	1,411,7001.4M	$59M	1.19%	—
17	140 Summer Partners LP	1,336,7311.3M	$56M	1.13%	—
18	REDWOOD CAPITAL MANAGEMENT, LLC	1,275,2821.3M	$54M	1.08%	ADD 45%
19	Qube Research & Technologies Ltd	1,249,9991.2M	$53M	1.05%	TRIM -3%
20	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	1,137,0901.1M	$48M	0.96%	—
21	NORTHERN TRUST CORP	1,038,8551.0M	$44M	0.88%	ADD 4%
22	Invesco Ltd.	1,016,8841.0M	$43M	0.86%	TRIM -19%
23	FOURSIXTHREE CAPITAL LP	940,927940,927	$40M	0.79%	TRIM -22%
24	DEUTSCHE BANK AG\	865,977865,977	$36M	0.73%	TRIM -22%
25	Bank of New York Mellon Corp	826,873826,873	$35M	0.70%	TRIM -4%
26	Hudson Bay Capital Management LP	818,700818,700	$34M	0.69%	ADD 9%
27	UBS Group AG	805,993805,993	$34M	0.68%	TRIM -11%
28	DENDUR CAPITAL LP	802,000802,000	$34M	0.68%	NEW
29	VR Advisory Services Ltd	730,904730,904	$31M	0.62%	ADD 28%
30	JPMORGAN CHASE & CO	661,938661,938	$28M	0.56%	ADD 73%
31	VANGUARD FIDUCIARY TRUST CO	635,975635,975	$27M	0.54%	NEW
32	TCW GROUP INC	612,032612,032	$26M	0.52%	—
33	ARISTEIA CAPITAL, L.L.C.	600,000600,000	$25M	0.51%	ADD 33%
34	Point72 Asset Management, L.P.	586,485586,485	$25M	0.49%	TRIM -48%
35	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	555,400555,400	$23M	0.47%	TRIM -35%
36	LOOMIS SAYLES & CO L P	524,086524,086	$22M	0.44%	—
37	GOLDENTREE ASSET MANAGEMENT LP	516,000516,000	$22M	0.44%	NEW
38	Nuveen, LLC	506,773506,773	$21M	0.43%	ADD 99%
39	Rokos Capital Management LLP	500,000500,000	$21M	0.42%	NEW
40	Man Group plc	487,037487,037	$21M	0.41%	ADD 281%
41	PRINCIPAL FINANCIAL GROUP INC	477,704477,704	$20M	0.40%	—
42	ROYCE & ASSOCIATES LP	446,489446,489	$19M	0.38%	ADD 327%
43	Knighthead Capital Management, LLC	445,695445,695	$19M	0.38%	TRIM -14%
44	BANK OF AMERICA CORP /DE/	407,109407,109	$17M	0.34%	ADD 21%
45	CITADEL ADVISORS LLC	380,798380,798	$16M	0.32%	TRIM -20%
46	Public Sector Pension Investment Board	351,644351,644	$15M	0.30%	ADD 3%
47	Empyrean Capital Partners, LP	300,000300,000	$13M	0.25%	—
48	Kerrisdale Advisers, LLC	297,966297,966	$13M	0.25%	TRIM -41%
49	RHUMBLINE ADVISERS	286,100286,100	$12M	0.24%	—
50	CONGRESS ASSET MANAGEMENT CO	278,324278,324	$12M	0.23%	ADD 22%
51	FMR LLC	274,249274,249	$12M	0.23%	ADD 5%
52	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	267,847267,847	$11M	0.23%	ADD 5%
53	Legal & General Group Plc	242,640242,640	$10M	0.20%	TRIM -9%
54	MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	235,465235,465	$10M	0.20%	—
55	HENNESSY ADVISORS INC	225,400225,400	$9M	0.19%	TRIM -3%
56	Allianz Asset Management GmbH	216,681216,681	$9M	0.18%	TRIM -35%
57	PICTON MAHONEY ASSET MANAGEMENT	213,605213,605	$9M	0.18%	NEW
58	PINNACLE ASSOCIATES LTD	208,769208,769	$9M	0.18%	TRIM -2%
59	BOOTHBAY FUND MANAGEMENT, LLC	205,492205,492	$9M	0.17%	TRIM -22%
60	Swiss National Bank	203,000203,000	$9M	0.17%	—
61	COOPER INVESTORS PTY LTD	196,421196,421	$8M	0.17%	NEW
62	AMERIPRISE FINANCIAL INC	189,538189,538	$8M	0.16%	TRIM -4%
63	MILLENNIUM MANAGEMENT LLC	181,339181,339	$8M	0.15%	TRIM -83%
64	ACADIAN ASSET MANAGEMENT LLC	155,611155,611	$7M	0.13%	ADD 643%
65	VICTORY CAPITAL MANAGEMENT INC	155,010155,010	$7M	0.13%	ADD 14%
66	PRUDENTIAL FINANCIAL INC	154,313154,313	$6M	0.13%	—
67	Phocas Financial Corp.	149,225149,225	$6M	0.13%	NEW
68	TEACHER RETIREMENT SYSTEM OF TEXAS	146,013146,013	$6M	0.12%	ADD 1550%
69	Jain Global LLC	128,576128,576	$5M	0.11%	TRIM -8%
70	Vestcor Inc	125,000125,000	$5M	0.11%	TRIM -17%
71	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	124,665124,665	$5M	0.11%	ADD 28%
72	PRICE T ROWE ASSOCIATES INC /MD/	121,910121,910	$5M	0.10%	ADD 20%
73	Verition Fund Management LLC	121,500121,500	$5M	0.10%	ADD 138%
74	HAHN CAPITAL MANAGEMENT LLC	118,735118,735	$5M	0.10%	NEW
75	Russell Investments Group, Ltd.	116,395116,395	$5M	0.10%	ADD 157%
76	FIRST TRUST ADVISORS LP	115,566115,566	$5M	0.10%	TRIM -9%
77	Sentinel Dome Partners, LLC	115,000115,000	$5M	0.10%	TRIM -4%
78	Susquehanna Portfolio Strategies, LLC	114,977114,977	$5M	0.10%	ADD 5%
79	ROYAL BANK OF CANADA	112,617112,617	$5M	0.09%	ADD 106%
80	ALLIANCEBERNSTEIN L.P.	115,123115,123	$5M	0.10%	TRIM -4%
81	Krilogy Financial LLC	101,030101,030	$5M	0.09%	TRIM -10%
82	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	104,370104,370	$4M	0.09%	TRIM -10%
83	SUSQUEHANNA INTERNATIONAL GROUP, LLP	100,087100,087	$4M	0.08%	ADD 83%
84	CastleKnight Management LP	99,80099,800	$4M	0.08%	TRIM -27%
85	RAYMOND JAMES FINANCIAL INC	98,31498,314	$4M	0.08%	TRIM -43%
86	Diametric Capital, LP	94,76894,768	$4M	0.08%	TRIM -7%
87	VANGUARD ASSET MANAGEMENT, Ltd	90,39390,393	$4M	0.08%	NEW
88	Balyasny Asset Management L.P.	89,38289,382	$4M	0.08%	ADD 29%
89	BESSEMER GROUP INC	88,81088,810	$4M	0.07%	—
90	INTECH INVESTMENT MANAGEMENT LLC	87,29987,299	$4M	0.07%	TRIM -8%
91	AQR CAPITAL MANAGEMENT LLC	86,60286,602	$4M	0.07%	ADD 5%
92	TWO SIGMA INVESTMENTS, LP	85,90085,900	$4M	0.07%	NEW
93	CANADA LIFE ASSURANCE Co	82,76482,764	$3M	0.07%	TRIM -7%
94	TORONTO DOMINION BANK	81,74681,746	$3M	0.07%	ADD 22%
95	DigitalBridge Group, Inc.	80,80080,800	$3M	0.07%	TRIM -61%
96	MIRABELLA FINANCIAL SERVICES LLP	80,18780,187	$3M	0.07%	NEW
97	JACOBS LEVY EQUITY MANAGEMENT, INC	79,60779,607	$3M	0.07%	TRIM -22%
98	Beartown Capital Management, LLC	75,00075,000	$3M	0.06%	—
99	Saba Capital Management, L.P.	74,48474,484	$3M	0.06%	TRIM -7%
100	BNP PARIBAS FINANCIAL MARKETS	73,20873,208	$3M	0.06%	TRIM -64%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

BlackRock, Inc.

16.3M

15.4M

14.9M

$628M

Third Point LLCtracked

6.0M

6.8M

6.7M

6.6M

$278M

DIMENSIONAL FUND ADVISORS LP

6.2M

6.4M

6.3M

6.4M

6.5M

$273M

VANGUARD PORTFOLIO MANAGEMENT LLC

—

6.3M

$263M

CARRONADE CAPITAL MANAGEMENT, LP

1.9M

1.0M

3.4M

3.7M

4.2M

4.6M

$195M

VANGUARD CAPITAL MANAGEMENT LLC

—

4.3M

$181M

OAKTREE CAPITAL MANAGEMENT LP

—

3.7M

4.3M

$181M

STATE STREET CORP

4.2M

4.0M

4.2M

$176M

AMERICAN CENTURY COMPANIES INC

3.2M

3.5M

3.6M

3.7M

$155M

GEODE CAPITAL MANAGEMENT, LLC

2.3M

2.4M

$101M

GOLDMAN SACHS GROUP INC

1.7M

3.0M

2.9M

2.3M

2.2M

$92M

Rubric Capital Management LP

—

1.6M

1.9M

$78M

MORGAN STANLEY

2.0M

1.9M

2.1M

1.9M

1.7M

$72M

GABELLI FUNDS LLC

1.9M

1.6M

1.5M

$64M

GAMCO INVESTORS, INC. ET AL

1.9M

1.7M

1.6M

1.5M

$63M

Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	352	101,095,900	85.3%	$4.3B
2025-Q4

Short interest has its own tab now — open SI →

Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.

Activists & large holders· Schedule 13D/G beneficial owners · TDS

Activists — 13D, active intent

TELEPHONE & DATA SYSTEMS INC VOTING TRUST 198911.9%▲ +0.2ppSCHEDULE 13D/A · Amd 12 · event 2026-05-07SEC →

13,517,699 shares

“On May 7, 2026, the Issuer delivered to the board of directors (the "Array Board") of Array Digital Infrastructure, Inc. (formerly known as United States Cellular Corporation), a Delaware corporation ("Array"), a letter setting forth a non-binding proposal to acquire all of the outstanding Common Shares, par value $1.00 per share, of Array ("Array Common Shares") that are not owned by the Issuer (the "Proposal"). A copy of the Proposal is filed herewith as Exhibit 2, and the information set fort”

Large holders — 13G, passive (top 5 by % of class)

Holder	% of class	Type	As of
BlackRock, Inc.	13.8%	QII	2025-03-31	SEC →
PICTON MAHONEY ASSET MANAGEMENT	10.06%	QII	2026-03-31	SEC →

Institutional ownership· 13F filers holding TDS · 2026-Q1 methodology → sources →

352 holders

% of shares outstanding held

85.3%

Shares held (13F)

101,095,900

Reporting holders

352

Top holders

largest 100 of 352 · Δ vs 2025-Q4

#	Holder	Shares	Value	% of shares out	Δ QoQ
1	BlackRock, Inc.	14,922,31414.9M	$628M	12.59%	—
2	Third Point LLCtracked	6,600,0006.6M	$278M	5.57%	—
3	DIMENSIONAL FUND ADVISORS LP	6,482,1476.5M	$273M	5.47%	—
4	VANGUARD PORTFOLIO MANAGEMENT LLC	6,256,2956.3M	$263M	5.28%	NEW†
5	CARRONADE CAPITAL MANAGEMENT, LP	4,623,9344.6M	$195M	3.90%	ADD 10%
6	VANGUARD CAPITAL MANAGEMENT LLC	4,304,7424.3M	$181M	3.63%	NEW†
7	OAKTREE CAPITAL MANAGEMENT LP	4,292,2434.3M	$181M	3.62%	ADD 16%
8	STATE STREET CORP	4,191,4404.2M	$176M	3.54%	ADD 4%
9	AMERICAN CENTURY COMPANIES INC	3,688,6143.7M	$155M	3.11%	ADD 3%
10	GEODE CAPITAL MANAGEMENT, LLC	2,404,5112.4M	$101M	2.03%	—
11	GOLDMAN SACHS GROUP INC	2,196,8222.2M	$92M	1.85%	TRIM -3%
12	Rubric Capital Management LP	1,850,0001.9M	$78M	1.56%	—
13	MORGAN STANLEY	1,698,5641.7M	$72M	1.43%	TRIM -9%
14	GABELLI FUNDS LLC	1,519,0001.5M	$64M	1.28%	—
15	GAMCO INVESTORS, INC. ET AL	1,506,0111.5M	$63M	1.27%	TRIM -6%
16	Davidson Kempner Capital Management LP	1,411,7001.4M	$59M	1.19%	—
17	140 Summer Partners LP	1,336,7311.3M	$56M	1.13%	—
18	REDWOOD CAPITAL MANAGEMENT, LLC	1,275,2821.3M	$54M	1.08%	ADD 45%
19	Qube Research & Technologies Ltd	1,249,9991.2M	$53M	1.05%	TRIM -3%
20	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	1,137,0901.1M	$48M	0.96%	—
21	NORTHERN TRUST CORP	1,038,8551.0M	$44M	0.88%	ADD 4%
22	Invesco Ltd.	1,016,8841.0M	$43M	0.86%	TRIM -19%
23	FOURSIXTHREE CAPITAL LP	940,927940,927	$40M	0.79%	TRIM -22%
24	DEUTSCHE BANK AG\	865,977865,977	$36M	0.73%	TRIM -22%
25	Bank of New York Mellon Corp	826,873826,873	$35M	0.70%	TRIM -4%
26	Hudson Bay Capital Management LP	818,700818,700	$34M	0.69%	ADD 9%
27	UBS Group AG	805,993805,993	$34M	0.68%	TRIM -11%
28	DENDUR CAPITAL LP	802,000802,000	$34M	0.68%	NEW
29	VR Advisory Services Ltd	730,904730,904	$31M	0.62%	ADD 28%
30	JPMORGAN CHASE & CO	661,938661,938	$28M	0.56%	ADD 73%
31	VANGUARD FIDUCIARY TRUST CO	635,975635,975	$27M	0.54%	NEW
32	TCW GROUP INC	612,032612,032	$26M	0.52%	—
33	ARISTEIA CAPITAL, L.L.C.	600,000600,000	$25M	0.51%	ADD 33%
34	Point72 Asset Management, L.P.	586,485586,485	$25M	0.49%	TRIM -48%
35	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	555,400555,400	$23M	0.47%	TRIM -35%
36	LOOMIS SAYLES & CO L P	524,086524,086	$22M	0.44%	—
37	GOLDENTREE ASSET MANAGEMENT LP	516,000516,000	$22M	0.44%	NEW
38	Nuveen, LLC	506,773506,773	$21M	0.43%	ADD 99%
39	Rokos Capital Management LLP	500,000500,000	$21M	0.42%	NEW
40	Man Group plc	487,037487,037	$21M	0.41%	ADD 281%
41	PRINCIPAL FINANCIAL GROUP INC	477,704477,704	$20M	0.40%	—
42	ROYCE & ASSOCIATES LP	446,489446,489	$19M	0.38%	ADD 327%
43	Knighthead Capital Management, LLC	445,695445,695	$19M	0.38%	TRIM -14%
44	BANK OF AMERICA CORP /DE/	407,109407,109	$17M	0.34%	ADD 21%
45	CITADEL ADVISORS LLC	380,798380,798	$16M	0.32%	TRIM -20%
46	Public Sector Pension Investment Board	351,644351,644	$15M	0.30%	ADD 3%
47	Empyrean Capital Partners, LP	300,000300,000	$13M	0.25%	—
48	Kerrisdale Advisers, LLC	297,966297,966	$13M	0.25%	TRIM -41%
49	RHUMBLINE ADVISERS	286,100286,100	$12M	0.24%	—
50	CONGRESS ASSET MANAGEMENT CO	278,324278,324	$12M	0.23%	ADD 22%
51	FMR LLC	274,249274,249	$12M	0.23%	ADD 5%
52	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	267,847267,847	$11M	0.23%	ADD 5%
53	Legal & General Group Plc	242,640242,640	$10M	0.20%	TRIM -9%
54	MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	235,465235,465	$10M	0.20%	—
55	HENNESSY ADVISORS INC	225,400225,400	$9M	0.19%	TRIM -3%
56	Allianz Asset Management GmbH	216,681216,681	$9M	0.18%	TRIM -35%
57	PICTON MAHONEY ASSET MANAGEMENT	213,605213,605	$9M	0.18%	NEW
58	PINNACLE ASSOCIATES LTD	208,769208,769	$9M	0.18%	TRIM -2%
59	BOOTHBAY FUND MANAGEMENT, LLC	205,492205,492	$9M	0.17%	TRIM -22%
60	Swiss National Bank	203,000203,000	$9M	0.17%	—
61	COOPER INVESTORS PTY LTD	196,421196,421	$8M	0.17%	NEW
62	AMERIPRISE FINANCIAL INC	189,538189,538	$8M	0.16%	TRIM -4%
63	MILLENNIUM MANAGEMENT LLC	181,339181,339	$8M	0.15%	TRIM -83%
64	ACADIAN ASSET MANAGEMENT LLC	155,611155,611	$7M	0.13%	ADD 643%
65	VICTORY CAPITAL MANAGEMENT INC	155,010155,010	$7M	0.13%	ADD 14%
66	PRUDENTIAL FINANCIAL INC	154,313154,313	$6M	0.13%	—
67	Phocas Financial Corp.	149,225149,225	$6M	0.13%	NEW
68	TEACHER RETIREMENT SYSTEM OF TEXAS	146,013146,013	$6M	0.12%	ADD 1550%
69	Jain Global LLC	128,576128,576	$5M	0.11%	TRIM -8%
70	Vestcor Inc	125,000125,000	$5M	0.11%	TRIM -17%
71	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	124,665124,665	$5M	0.11%	ADD 28%
72	PRICE T ROWE ASSOCIATES INC /MD/	121,910121,910	$5M	0.10%	ADD 20%
73	Verition Fund Management LLC	121,500121,500	$5M	0.10%	ADD 138%
74	HAHN CAPITAL MANAGEMENT LLC	118,735118,735	$5M	0.10%	NEW
75	Russell Investments Group, Ltd.	116,395116,395	$5M	0.10%	ADD 157%
76	FIRST TRUST ADVISORS LP	115,566115,566	$5M	0.10%	TRIM -9%
77	Sentinel Dome Partners, LLC	115,000115,000	$5M	0.10%	TRIM -4%
78	Susquehanna Portfolio Strategies, LLC	114,977114,977	$5M	0.10%	ADD 5%
79	ROYAL BANK OF CANADA	112,617112,617	$5M	0.09%	ADD 106%
80	ALLIANCEBERNSTEIN L.P.	115,123115,123	$5M	0.10%	TRIM -4%
81	Krilogy Financial LLC	101,030101,030	$5M	0.09%	TRIM -10%
82	NEW YORK STATE TEACHERS RETIREMENT SYSTEM	104,370104,370	$4M	0.09%	TRIM -10%
83	SUSQUEHANNA INTERNATIONAL GROUP, LLP	100,087100,087	$4M	0.08%	ADD 83%
84	CastleKnight Management LP	99,80099,800	$4M	0.08%	TRIM -27%
85	RAYMOND JAMES FINANCIAL INC	98,31498,314	$4M	0.08%	TRIM -43%
86	Diametric Capital, LP	94,76894,768	$4M	0.08%	TRIM -7%
87	VANGUARD ASSET MANAGEMENT, Ltd	90,39390,393	$4M	0.08%	NEW
88	Balyasny Asset Management L.P.	89,38289,382	$4M	0.08%	ADD 29%
89	BESSEMER GROUP INC	88,81088,810	$4M	0.07%	—
90	INTECH INVESTMENT MANAGEMENT LLC	87,29987,299	$4M	0.07%	TRIM -8%
91	AQR CAPITAL MANAGEMENT LLC	86,60286,602	$4M	0.07%	ADD 5%
92	TWO SIGMA INVESTMENTS, LP	85,90085,900	$4M	0.07%	NEW
93	CANADA LIFE ASSURANCE Co	82,76482,764	$3M	0.07%	TRIM -7%
94	TORONTO DOMINION BANK	81,74681,746	$3M	0.07%	ADD 22%
95	DigitalBridge Group, Inc.	80,80080,800	$3M	0.07%	TRIM -61%
96	MIRABELLA FINANCIAL SERVICES LLP	80,18780,187	$3M	0.07%	NEW
97	JACOBS LEVY EQUITY MANAGEMENT, INC	79,60779,607	$3M	0.07%	TRIM -22%
98	Beartown Capital Management, LLC	75,00075,000	$3M	0.06%	—
99	Saba Capital Management, L.P.	74,48474,484	$3M	0.06%	TRIM -7%
100	BNP PARIBAS FINANCIAL MARKETS	73,20873,208	$3M	0.06%	TRIM -64%

† a filer this large appearing as NEW usually reflects a renamed or succeeded filing entity (the old name stops filing the same quarter) — not a brand-new position.

Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.

Holder trends· top 15 holders · shares held over 6 quarters

green added · red trimmed

Holder

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

BlackRock, Inc.

16.3M

15.4M

14.9M

$628M

Third Point LLCtracked

6.0M

6.8M

6.7M

6.6M

$278M

DIMENSIONAL FUND ADVISORS LP

6.2M

6.4M

6.3M

6.4M

6.5M

$273M

VANGUARD PORTFOLIO MANAGEMENT LLC

—

6.3M

$263M

CARRONADE CAPITAL MANAGEMENT, LP

1.9M

1.0M

3.4M

3.7M

4.2M

4.6M

$195M

VANGUARD CAPITAL MANAGEMENT LLC

—

4.3M

$181M

OAKTREE CAPITAL MANAGEMENT LP

—

3.7M

4.3M

$181M

STATE STREET CORP

4.2M

4.0M

4.2M

$176M

AMERICAN CENTURY COMPANIES INC

3.2M

3.5M

3.6M

3.7M

$155M

GEODE CAPITAL MANAGEMENT, LLC

2.3M

2.4M

$101M

GOLDMAN SACHS GROUP INC

1.7M

3.0M

2.9M

2.3M

2.2M

$92M

Rubric Capital Management LP

—

1.6M

1.9M

$78M

MORGAN STANLEY

2.0M

1.9M

2.1M

1.9M

1.7M

$72M

GABELLI FUNDS LLC

1.9M

1.6M

1.5M

$64M

GAMCO INVESTORS, INC. ET AL

1.9M

1.7M

1.6M

1.5M

$63M

Institutional footprint by quarter

Line breaks are honest gaps — quarters with no 13F record, or a suppressed % — never interpolated. % of shares outstanding uses today's share count for every quarter (the only count stored).

Quarter	Holders	Shares held	% shares out	Value held
2026-Q1	352	101,095,900	85.3%	$4.3B
2025-Q4

Short interest has its own tab now — open SI →

Activists & large holders· Schedule 13D/G beneficial owners · TDS

Activists — 13D, active intent

TELEPHONE & DATA SYSTEMS INC VOTING TRUST 198911.9%▲ +0.2ppSCHEDULE 13D/A · Amd 12 · event 2026-05-07SEC →

13,517,699 shares

Large holders — 13G, passive (top 5 by % of class)

Holder	% of class	Type	As of
BlackRock, Inc.	13.8%	QII	2025-03-31	SEC →
PICTON MAHONEY ASSET MANAGEMENT	10.06%	QII	2026-03-31	SEC →

TDS US Equity☆

Institutional ownership· 13F filers holding TDS · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · TDS

Institutional ownership· 13F filers holding TDS · 2026-Q1 methodology → sources →

Top holders

Holder trends· top 15 holders · shares held over 6 quarters

Institutional footprint by quarter

Activists & large holders· Schedule 13D/G beneficial owners · TDS

TDS US Equity