Vault-13

TELEPHONE & DATA SYS INC TDS

COM NEW · Common Stock · CUSIP 879433829 · ISIN US8794338298

234 institutional holders
95,822,87995.8m shares reported held*
$1.3bnreported value*

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($188.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $13.91. Options: 5 managers hold calls ($2.1m notional), 4 hold puts ($276.0k).

Biggest calls

Walleye Trading LLC — $1.2m86.4k shares
CITADEL ADVISORS LLC — $327.0k23.5k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP — $316.0k22.7k shares
WOLVERINE TRADING, LLC — $237.0k16.5k shares
RAYMOND JAMES & ASSOCIATES — $25.0k100.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP — $218.0k15.7k shares
SIMPLEX TRADING, LLC — $50.0k3.6k shares
GROUP ONE TRADING LLC — $8.0k600 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. — $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution filed 2025-04-28 13.8% 14.8m≈ $546.5m 2025-04-28
Trustees of Amendment & Restatement (dated as of April 22, 2 13D · may seek influence -0.2 pts · filed 2026-09-02
Stated purposeThis Item 4 is being updated by the following information. On September 1, 2026, the Issuer issued a press release (the "Press Release") announcing that it is no longer pursuing the acquisition of the Array Common Shares that it does not already own and has withdrawn its previously disclosed proposal. Under the terms of that proposal, each Array Common Share not already owned by the Issuer would have been exchanged for 0.86 of a TDS Common Share, subject to the assumptions set forth in the Proposal. The Issuer will retain its approximately 82% ownership interest in Array. A copy of the Press Release is filed herewith as Exhibit 2. The Issuer may in the future recommence its efforts to acquire the Array Common Shares it does not own or pursue other potential transactions involving the Issu… Full filing
11.7% -0.2 pts 13.5m≈ $500.4m 2026-09-02
VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 5.9% new 6.3m≈ $233.3m 2026-04-29
Third Point LLC 13G · passive investor new · filed 2024-12-26 5.7% new 6.0m≈ $222.1m 2024-12-26

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)

Insider purchases and sales in Q3 2022

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
202Q4 20: 0 buyingQ4 20: 0 sellingQ1 21: 0 buyingQ1 21: 0 sellingQ1 21Q2 21: 0 buyingQ2 21: 0 sellingQ3 21: 0 buyingQ3 21: 0 sellingQ3 21Q4 21: 0 buyingQ4 21: 2 sellingQ1 22: 0 buyingQ1 22: 0 sellingQ1 22Q2 22: 0 buyingQ2 22: 1 sellingQ3 22: 0 buyingQ3 22: 0 sellingQ3 22
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20200—0——
Q1 20210—0——
Q2 20210—0——
Q3 20210—0——
Q4 20210—2$608.2k—
Q1 20220—0——
Q2 20220—1$78.8k—
Q3 20220—0——

None reported in Q3 2022.

Holders, Q3 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 20,495,65920.5m $284.9m $284.9m 0.02% —
2 BlackRock Inc. 0.01% of their portfolio New York, NY 16,478,18416.5m $229.0m $229.0m 0.01% —
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 11,889,65711.9m $165.3m $165.3m 0.00% —
4 DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio AUSTIN, TX 6,953,8737.0m $96.7m $96.7m 0.04% —
5 PRIVATE MANAGEMENT GROUP INC 1.81% of their portfolio IRVINE, CA 2,800,3102.8m $38.9m $38.9m 1.81% —
6 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 2,445,9362.4m $34.0m $34.0m 0.01% —
7 GABELLI FUNDS LLC 0.27% of their portfolio Rye, NY 2,347,5002.3m $32.6m $32.6m 0.27% —
8 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,804,0781.8m $25.1m $25.1m 0.01% —
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,762,9141.8m $24.5m $24.5m 0.00% —
10 GAMCO INVESTORS, INC. ET AL 0.28% of their portfolio GREENWICH, CT 1,686,4791.7m $23.4m $23.4m 0.28% —
11 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 1,258,7831.3m $17.5m $17.5m 0.02% —
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,155,6331.2m $16.1m $16.1m 0.00% —
13 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,153,6931.2m $16.0m $16.0m 0.00% —
14 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,089,4761.1m $15.1m $15.1m 0.00% —
15 JUPITER ASSET MANAGEMENT LTD 0.22% of their portfolio London, X0 1,039,6541.0m $14.5m $14.5m 0.22% —
16 AMERIPRISE FINANCIAL INC 0.01% of their portfolio MINNEAPOLIS, MN 1,015,6341.0m $14.1m $14.1m 0.01% —
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 993,911993.9k $13.8m $13.8m 0.00% —
18 FMR LLC 0.00% of their portfolio BOSTON, MA 964,652964.7k $13.4m $13.4m 0.00% —
19 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 887,118887.1k $12.3m $12.3m 0.01% —
20 NORGES BANK 0.00% of their portfolio OSLO, Q8 842,327842.3k $11.7m $11.7m 0.00% —
21 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.30% of their portfolio HOUSTON, TX 818,800818.8k $11.4m $11.4m 0.30% —
22 LOOMIS SAYLES & CO L P 0.02% of their portfolio BOSTON, MA 756,271756.3k $10.5m $10.5m 0.02% —
23 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 655,187655.2k $9.1m $9.1m 0.01% —
24 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 620,143620.1k $8.6m $8.6m 0.01% —
25 ProShare Advisors LLC 0.03% of their portfolio BETHESDA, MD 496,320496.3k $6.9m $6.9m 0.03% —
26 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 472,052472.1k $6.6m $6.6m 0.01% —
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 442,512442.5k $6.2m $6.2m 0.00% —
28 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 418,355418.4k $5.8m $5.8m 0.01% —
29 PINNACLE ASSOCIATES LTD 0.13% of their portfolio NEW YORK, NY 396,319396.3k $5.5m $5.5m 0.13% —
30 JACOBS LEVY EQUITY MANAGEMENT, INC 0.04% of their portfolio FLORHAM PARK, NJ 380,556380.6k $5.3m $5.3m 0.04% —
31 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 379,883379.9k $5.3m $5.3m 0.01% —
32 CONGRESS ASSET MANAGEMENT CO 0.06% of their portfolio BOSTON, MA 376,854376.9k $5.2m $5.2m 0.06% —
33 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 366,947366.9k $5.1m $5.1m 0.00% —
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 341,295341.3k $4.7m $4.7m 0.00% —
35 TCW GROUP INC 0.07% of their portfolio LOS ANGELES, CA 327,750327.8k $4.6m $4.6m 0.07% —
36 DLD Asset Management, LP 0.40% of their portfolio NEW YORK, NY 320,000320.0k $4.4m $4.4m 0.40% —
37 Advisors Asset Management, Inc. 0.09% of their portfolio Monument, CO 306,067306.1k $4.3m $4.3m 0.09% —
38 Legal & General Group Plc 0.00% of their portfolio London, X0 297,624297.6k $4.1m $4.1m 0.00% —
39 NWI MANAGEMENT LP 0.81% of their portfolio NEW YORK, NY 271,000271.0k $3.8m $3.8m 0.81% —
40 Brandywine Global Investment Management, LLC 0.03% of their portfolio PHILADELPHIA, PA 259,631259.6k $3.6m $3.6m 0.03% —
41 Swiss National Bank 0.00% of their portfolio ZURICH, V8 241,600241.6k $3.4m $3.4m 0.00% —
42 PANAGORA ASSET MANAGEMENT INC 0.02% of their portfolio BOSTON, MA 218,465218.5k $3.0m $3.0m 0.02% —
43 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 218,300218.3k $3.0m $3.0m 0.01% —
44 Raymond James Financial Services Advisors, Inc. 0.01% of their portfolio ST. PETERSBURG, FL 206,393206.4k $2.9m $2.9m 0.01% —
45 BOOTHBAY FUND MANAGEMENT, LLC 0.08% of their portfolio NEW YORK, NY 186,218186.2k $2.6m $2.6m 0.08% —
46 Public Sector Pension Investment Board 0.02% of their portfolio MONTREAL, A8 183,553183.6k $2.6m $2.6m 0.02% —
47 AlphaCrest Capital Management LLC 0.15% of their portfolio New York, NY 182,103182.1k $2.5m $2.5m 0.15% —
48 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 172,832172.8k $2.4m $2.4m 0.00% —
49 Eidelman Virant Capital 1.66% of their portfolio SAINT LOUIS, MO 159,000159.0k $2.2m $2.2m 1.66% —
50 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 158,148158.1k $2.2m $2.2m 0.01% —
51 Man Group plc 0.01% of their portfolio LONDON, X0 155,980156.0k $2.2m $2.2m 0.01% —
52 Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio Boston, MA 152,132152.1k $2.1m $2.1m 0.01% —
53 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio ALBANY, NY 150,220150.2k $2.1m $2.1m 0.01% —
54 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio TALLAHASSEE, FL 147,434147.4k $2.0m $2.0m 0.01% —
55 IMA Advisory Services, Inc. 0.52% of their portfolio DENVER, CO 140,293140.3k $1.9m $1.9m 0.52% —
56 Cutter & CO Brokerage, Inc. 0.72% of their portfolio Ballwin, MO 139,509139.5k $1.9m $1.9m 0.72% —
57 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 129,806129.8k $1.8m $1.8m 0.01% —
58 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 129,742129.7k $1.8m $1.8m 0.00% —
59 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 125,007125.0k $1.7m $1.7m 0.00% —
60 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 124,797124.8k $1.7m $1.7m 0.00% —
61 North Star Investment Management Corp. 0.17% of their portfolio CHICAGO, IL 121,995122.0k $1.7m $1.7m 0.17% —
62 Vident Investment Advisory, LLC 0.05% of their portfolio Alpharetta, GA 118,210118.2k $1.6m $1.6m 0.05% —
63 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 112,800112.8k $1.6m $1.6m 0.00% —
64 Cubist Systematic Strategies, LLC 0.01% of their portfolio STAMFORD, CT 109,349109.3k $1.5m $1.5m 0.01% —
65 Holocene Advisors, LP 0.01% of their portfolio New York, NY 108,638108.6k $1.5m $1.5m 0.01% —
66 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.03% of their portfolio BALA CYNWYD, PA 107,605107.6k $1.5m $1.5m 0.03% —
67 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 103,847103.8k $1.4m $1.4m 0.00% —
68 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 102,424102.4k $1.4m $1.4m 0.01% —
69 Alhambra Investment Management LLC 1.01% of their portfolio PALMETTO BAY, FL 95,71095.7k $1.3m $1.3m 1.01% —
70 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 95,09095.1k $1.3m $1.3m 0.01% —
71 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 91,23791.2k $1.3m $1.3m 0.01% —
72 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 87,38987.4k $1.2m $1.2m 0.00% —
73 YOUSIF CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BLOOMFIELD HILLS, MI 87,23687.2k $1.2m $1.2m 0.02% —
74 Jump Financial, LLC 0.04% of their portfolio Chicago, IL 80,32980.3k $1.1m $1.1m 0.04% —
75 COMERICA BANK 0.01% of their portfolio DALLAS, TX 78,34478.3k $1.2m $1.2m 0.01% —
76 NATIXIS ADVISORS, LLC 0.00% of their portfolio Boston, MA 76,07776.1k $1.1m $1.1m 0.00% —
77 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 73,40273.4k $1.0m $1.0m 0.00% —
78 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 72,05372.1k $1.0m $1.0m 0.00% —
79 TEXAS PERMANENT SCHOOL FUND CORP 0.02% of their portfolio AUSTIN, TX 72,01872.0k $1.0m $1.0m 0.02% —
80 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 70,67870.7k $983.0k $983.0k 0.00% —
81 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 70,51670.5k $980.0k $980.0k 0.00% —
82 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.13% of their portfolio Englewood, NJ 69,89269.9k $971.0k $971.0k 0.13% —
83 State of Alaska, Department of Revenue 0.01% of their portfolio JUNEAU, AK 69,32869.3k $963.0k $963.0k 0.01% —
84 CORNERCAP INVESTMENT COUNSEL INC 0.18% of their portfolio Atlanta, GA 67,28867.3k $935.0k $935.0k 0.18% —
85 UBS Group AG 0.00% of their portfolio ZURICH, V8 63,28263.3k $879.0k $879.0k 0.00% —
86 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 62,62662.6k $870.0k $870.0k 0.00% —
87 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 60,46460.5k $840.5k $840.5k 0.00% —
88 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 58,49758.5k $814.0k $814.0k 0.00% —
89 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 58,26958.3k $810.0k $810.0k 0.00% —
90 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 56,00056.0k $778.0k $778.0k 0.00% —
91 AMERICAN INTERNATIONAL GROUP, INC. 0.01% of their portfolio New York, NY 55,19055.2k $767.0k $767.0k 0.01% —
92 MetLife Investment Management, LLC 0.01% of their portfolio Whippany, NJ 53,41853.4k $742.5k $742.5k 0.01% —
93 TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio AUSTIN, TX 53,17853.2k $739.0k $739.0k 0.01% —
94 PDT Partners, LLC 0.11% of their portfolio New York, NY 52,79452.8k $734.0k $734.0k 0.11% —
95 CAXTON ASSOCIATES LP 0.12% of their portfolio NEW YORK, NY 52,16552.2k $725.0k $725.0k 0.12% —
96 Hennion & Walsh Asset Management, Inc. 0.05% of their portfolio Parsippany, NJ 51,75851.8k $719.0k $719.0k 0.05% —
97 FIRST MANHATTAN CO. LLC. 0.00% of their portfolio NEW YORK, NY 51,37951.4k $714.0k $714.0k 0.00% —
98 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 48,29448.3k $671.0k $671.0k 0.00% —
99 Dynamic Technology Lab Private Ltd 0.07% of their portfolio SINGAPORE, U0 47,93847.9k $666.0k $666.0k 0.07% —
100 Louisiana State Employees Retirement System 0.02% of their portfolio BATON ROUGE, LA 47,80047.8k $664.0k $664.0k 0.02% —