$TDS

$35.69 +$0.02 (0.06%) Close

$TDS Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 114.5M shares outstanding

Who owns TDS?

By type of holder

Institutions 93.1% Insiders 6.9% Everyone else 0.0%

Concentration Top 10 holders own 62.5%

BlackRock, Inc. 13.8% · The Trustees of Amendment and Restatement (dated as of April 22, 2005) of Voting Trust under Agreement dated as of June 30, 1989 11.8%

Institutional ownership

93.1%

+4.6 pts vs last qtr

Institutional holders

351

-7 vs last qtr

Net shares bought

+5.3M

by institutions in Q2 2026

New / sold out

54 / 61

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Diameter Capital Partners LP NEW +1.7M
UBS Group AG +1.1M

Biggest sellers in Q2 2026

Rubric Capital Management LP SOLD OUT −1.9M
Dendur Capital LP SOLD OUT −802.0K

Who is planning to sell?

Notices of proposed sale, last 12 months

$3.13M

2 notices from 2 people

Shares covered

82.9K

0.07% of the company

Arranged in advance

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Leroy T. Carlson JR. Officer $2.89M
Prudence Carlson Director 10b5-1 $244K

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

+6.8%

+0.74% a year

Each share's claim on the business

−6.4%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$179M vs $410M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years61% 3–5 years1% 1–3 years21% Under 1 year17%

Quarterly turnover

11.5%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting TDS on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	15.8M	13.77%	+845.9K (+5.7%)	≤2021	0.0%
Shares held by quarter Peak holding16.7M (Q3'24) Change over 8 quarters−884.0K Share of the company13.770% BlackRock, Inc.'s full portfolio →
TP Third Point LLC	6.3M	5.48%	−325.0K (−4.9%)	2023	5.0%
Shares held by quarter Peak holding6.8M (Q1'25) Change over 8 quarters+3.4M Share of the company5.480% Third Point LLC's full portfolio →

BlackRock, Inc.

15.8M

% of company

13.77%

Change vs last qtr

+845.9K (+5.7%)

Held since

≤2021

Third Point LLC

6.3M

% of company

5.48%

Change vs last qtr

−325.0K (−4.9%)

Held since

2023

28 more super investors behind a free account

See every manager holding Telephone and Data Systems, Inc., how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting TDS on Form N-PORT; together they hold 43.2% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IC iShares Core S&P Small-Cap ETF iShares Trust	$216M	5.8M	5.09%	0.19%	June 30, 2026
AU Avantis U.S. Small Cap Value ETF American Century ETF Trust	$150M	3.8M	3.34%	0.55%	May 31, 2026

iShares Core S&P Small-Cap ETF

iShares Trust

Position value

$216M

% of company

5.09%

% of the fund

0.19%

As of

June 30, 2026

Avantis U.S. Small Cap Value ETF

American Century ETF Trust

Position value

$150M

% of company

3.34%

% of the fund

0.55%

As of

May 31, 2026

23 more funds behind a free account

See every fund holding Telephone and Data Systems, Inc. and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
TO The Trustees of Amendment and Restatement (dated as of April 22, 2005) of Voting Trust under Agreement dated as of June 30, 1989 5%+ holder 13D · 11.7%	13.5M	11.81%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company11.810% Disclosed stake13D · 11.7% View the 13D/G filing →
CL Carlson Leroy T JR Insider	3.8M	3.36%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company3.360% Carlson Leroy T JR's insider activity →

The Trustees of Amendment and Restatement (dated as of April 22, 2005) of Voting Trust under Agreement dated as of June 30, 1989

5%+ holder13D · 11.7%

13.5M

% of company

11.81%

Change vs last qtr

—

Held since

—

Carlson Leroy T JR

Insider

3.8M

% of company

3.36%

Change vs last qtr

—

Held since

—

15 more holders behind a free account

See every insider and 5%+ holder of Telephone and Data Systems, Inc..

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