UNITED STATES CELLULAR CORP AD
COM · Common Stock · CUSIP 911684108
American telecommunications company
- SectorCommunication
- IndustryRadiotelephone Communications
- HeadquartersChicago, IL
- Founded1983
- Websiteuscellular.com
- FilingsSEC EDGAR
* 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 ($1.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $63.97. Options: 10 managers hold calls ($23.8m notional), 6 hold puts ($18.9m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 136 |
| Q4 2022 | 109 |
| Q1 2023 | 127 |
| Q2 2023 | 104 |
| Q3 2023 | 124 |
| Q4 2023 | 139 |
| Q1 2024 | 119 |
| Q2 2024 | 145 |
| Q3 2024 | 134 |
| Q4 2024 | 136 |
| Q1 2025 | 159 |
| Q2 2025 | 138 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 68 | 65 |
| Q4 2023 | 75 | 51 |
| Q1 2024 | 48 | 77 |
| Q2 2024 | 74 | 62 |
| Q3 2024 | 51 | 67 |
| Q4 2024 | 62 | 55 |
| Q1 2025 | 75 | 55 |
| Q2 2025 | 75 | 72 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $17.4m | $3.9m | 0.23 |
| Q4 2024 | $29.3m | $2.1m | 0.07 |
| Q1 2025 | $37.4m | $359.6k | 0.01 |
| Q2 2025 | $23.8m | $18.9m | 0.80 |
Biggest buyers
| BANK OF AMERICA CORP /DE/ | Added | +1.5m |
| Point72 Asset Management, L.P. | Added | +284.0k |
| DigitalBridge Group, Inc. | New | +112.7k |
| SCOGGIN MANAGEMENT LP | Added | +87.5k |
| J. Goldman & Co LP | Added | +81.3k |
| LOOMIS SAYLES & CO L P | Added | +73.3k |
| Heitman Real Estate Securities LLC | New | +56.8k |
| Verition Fund Management LLC | Added | +45.7k |
| FIRST TRUST ADVISORS LP | Added | +38.1k |
| UBS Group AG | Added | +36.1k |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -380.0k |
| HAWK RIDGE CAPITAL MANAGEMENT LP | Sold out | -338.8k |
| ThornTree Capital Partners LP | Sold out | -200.4k |
| AMERIPRISE FINANCIAL INC | Sold out | -157.9k |
| Alyeska Investment Group, L.P. | Reduced | -110.3k |
| TUDOR INVESTMENT CORP ET AL | Sold out | -92.7k |
| TCW GROUP INC | Reduced | -77.2k |
| ExodusPoint Capital Management, LP | Sold out | -62.5k |
| JPMORGAN CHASE & CO | Reduced | -60.5k |
| Informed Momentum Co LLC | Sold out | -58.4k |
Biggest calls
| SCOGGIN MANAGEMENT LP | Reduced | $6.4m100.0k shares |
| UBS Group AG | Reduced | $5.8m90.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.2m66.4k shares |
| NOMURA HOLDINGS INC | New | $3.5m55.0k shares |
| Walleye Trading LLC | New | $1.2m18.2k shares |
| JANE STREET GROUP, LLC | Reduced | $1.0m16.3k shares |
| GROUP ONE TRADING LLC | Reduced | $831.6k13.0k shares |
| CITADEL ADVISORS LLC | Reduced | $831.6k13.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
| Covestor Ltd | New | $029 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.1m127.0k shares |
| GROUP ONE TRADING LLC | New | $6.9m107.3k shares |
| J. Goldman & Co LP | New | $3.2m50.4k shares |
| SIMPLEX TRADING, LLC | New | $371.0k5.8k shares |
| CITADEL ADVISORS LLC | Added | $358.2k5.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $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.
| Holder | Stake |
|---|---|
TELEPHONE & DATA SYSTEMS INC /DE/
13D · may seek influence
no change · filed 2026-09-02
Stated purposeThis Item 4 is being updated by the following information. On September 1, 2026, TDS 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 TDS would have been exchanged for 0.86 of a TDS Common Share, subject to the assumptions set forth in the proposal. TDS will retain its approximately 82% ownership interest in Array. A copy of the Press Release is filed herewith as Exhibit 2. TDS may in the future recommence its efforts to acquire the Array Common Shares it does not own or pursue other potential transactions involving TDS and Array and may, from time to … Full filing |
81.9% |
| HAWK RIDGE CAPITAL MANAGEMENT LP 13G · passive investor new · filed 2026-09-23 | 5.1% |
Fell to 5% or below in the last year: BANK OF AMERICA CORP /DE/ (1.4%, 2026-08-03)
Insider purchases and sales in Q2 2025
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $1.9m | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.2m $139.9m | Reduced -52.2k |
| Jericho Capital Asset Management L.P. 1.55% of their portfolio | 1.8m $116.2m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.5m $97.6m | Added +1.5m |
| GAMCO INVESTORS, INC. ET AL 0.83% of their portfolio | 1.3m $83.7m | Reduced -16.0k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.2m $79.3m | Added +6.2k |
| GABELLI FUNDS LLC 0.32% of their portfolio | 704.3k $45.1m | Reduced -22.3k |
| LOOMIS SAYLES & CO L P 0.06% of their portfolio | 692.6k $44.3m | Added +73.3k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 516.1k $33.0m | Added +20.6k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 432.3k $27.7m | Reduced -17.9k |
| Point72 Asset Management, L.P. 0.06% of their portfolio | 411.5k $26.3m | Added +284.0k |
| BlackRock, Inc. 0.00% of their portfolio | 366.8k $23.5m | Added +957 |
| J. Goldman & Co LP 0.56% of their portfolio | 277.0k $17.7m | Added +81.3k |
| Alyeska Investment Group, L.P. 0.05% of their portfolio | 234.5k $15.0m | Reduced -110.3k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 195.3k $12.5m | Added +14.1k |
| FMR LLC 0.00% of their portfolio | 186.8k $12.0m | Added +115 |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 182.5k $11.7m | Added +5.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 170.1k $10.9m | Reduced -18.7k |
| STATE STREET CORP 0.00% of their portfolio | 122.2k $7.8m | Added +8.5k |
| DigitalBridge Group, Inc. 0.72% of their portfolio | 112.7k $7.2m | New |
| SCOGGIN MANAGEMENT LP 2.96% of their portfolio | 100.0k $6.4m | Added +87.5k |
| Tiptree Advisors, LLC 4.93% of their portfolio | 98.3k $6.3m | Added +23.3k |
| State of Alaska, Department of Revenue 0.06% of their portfolio | 95.0k $6.1m | Unchanged |
| TCW GROUP INC 0.05% of their portfolio | 91.2k $5.8m | Reduced -77.2k |
| GABELLI & Co INVESTMENT ADVISERS, INC. 0.84% of their portfolio | 85.6k $5.5m | Added +9.7k |
| MORGAN STANLEY 0.00% of their portfolio | 79.5k $5.1m | Added +4.1k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 77.3k $4.9m | Added +38.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 76.4k $4.9m | Added +6.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 67.1k $4.3m | Added +13.2k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 66.5k $4.3m | Added +6.2k |
| Man Group plc 0.01% of their portfolio | 64.6k $4.1m | Reduced -4.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 61.5k $3.9m | Reduced -380.0k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 57.4k $3.7m | Added +1.7k |
| Heitman Real Estate Securities LLC 0.26% of their portfolio | 56.8k $3.6m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 56.3k $3.6m | Added +3.6k |
| Verition Fund Management LLC 0.02% of their portfolio | 54.1k $3.5m | Added +45.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 49.2k $3.1m | Added +28.5k |
| UBS Group AG 0.00% of their portfolio | 47.7k $3.0m | Added +36.1k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 47.4k $3.0m | Reduced -9.2k |
| Significant Wealth Partners LLC 1.45% of their portfolio | 46.2k $3.0m | Unchanged |
| MARINER INVESTMENT GROUP LLC 1.04% of their portfolio | 45.0k $2.9m | Added +10.0k |
| Promus Capital, LLC 0.80% of their portfolio | 38.7k $2.5m | Added +16.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 37.8k $2.4m | Reduced -5.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 34.5k $2.2m | New |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.21% of their portfolio | 34.4k $2.2m | Added +31.1k |
| Swiss National Bank 0.00% of their portfolio | 29.8k $1.9m | Reduced -500 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 26.4k $1.7m | Reduced -60.5k |
| CITIGROUP INC 0.00% of their portfolio | 26.4k $1.7m | Added +23.2k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 26.0k $1.7m | Reduced -1.8k |
| MAVERICK CAPITAL LTD 0.02% of their portfolio | 24.5k $1.6m | New |
| Central Pacific Bank - Trust Division 0.18% of their portfolio | 21.9k $1.4m | Unchanged |
| OP Asset Management Ltd 0.02% of their portfolio | 19.9k $1.3m | Reduced -2.5k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 19.5k $1.2m | Added +2.5k |
| HighTower Advisors, LLC 0.00% of their portfolio | 18.4k $1.2m | New |
| Legal & General Group Plc 0.00% of their portfolio | 15.2k $970.4k | Added +269 |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 14.8k $949.8k | Unchanged |
| BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio | 14.3k $914.8k | New |
| Invesco Ltd. 0.00% of their portfolio | 13.9k $888.2k | Reduced -41.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 13.7k $876.7k | Unchanged |
| Quantbot Technologies LP 0.02% of their portfolio | 13.3k $853.4k | Added +9.2k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 13.3k $853.2k | Reduced -148 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 12.6k $804.5k | Added +6.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 11.6k $741.4k | Added +1.4k |
| Diametric Capital, LP 0.39% of their portfolio | 11.5k $734.2k | New |
| Welch Group, LLC 0.03% of their portfolio | 11.0k $703.7k | Unchanged |
| Empowered Funds, LLC 0.01% of their portfolio | 10.8k $690.5k | Reduced -134 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 10.4k $667.0k | Reduced -156 |
| Engineers Gate Manager LP 0.01% of their portfolio | 10.0k $638.6k | New |
| READYSTATE ASSET MANAGEMENT LP 0.02% of their portfolio | 8.3k $532.3k | New |
| Creative Planning 0.00% of their portfolio | 8.0k $510.8k | Added +1.4k |
| GROUP ONE TRADING LLC 0.02% of their portfolio | 7.7k $494.4k | Added +3.7k |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 7.4k $473.2k | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 7.3k $466.0k | Added +17 |
| SageView Advisory Group, LLC 0.02% of their portfolio | 7.0k $499.4k | Unchanged |
| WINTON GROUP Ltd 0.02% of their portfolio | 6.8k $433.3k | New |
| BARCLAYS PLC 0.00% of their portfolio | 6.5k $416.1k | Reduced -10.8k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 6.5k $413.8k | Added +4.4k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 6.3k $405.3k | Unchanged |
| AlphaQuest LLC 0.04% of their portfolio | 6.3k $400.3k | Added +3.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 6.2k $399.4k | Added +544 |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 6.2k $396.6k | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 6.1k $388.6k | Added +2.6k |
| Private Advisor Group, LLC 0.00% of their portfolio | 5.7k $367.8k | New |
| Pathstone Holdings, LLC 0.00% of their portfolio | 5.6k $360.5k | Reduced -429 |
| State of Wyoming 0.04% of their portfolio | 5.4k $346.5k | Reduced -822 |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 5.3k $339.0k | Unchanged |
| Brevan Howard Capital Management LP 0.00% of their portfolio | 5.3k $336.4k | New |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 4.9k $313.5k | Unchanged |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 4.6k $291.4k | Added +72 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 4.5k $284.0k | Added +3.8k |
| JOHNSON INVESTMENT COUNSEL INC 0.00% of their portfolio | 4.2k $268.7k | Unchanged |
| Covestor Ltd 0.16% of their portfolio | 4.2k $268.0k | Added +4.2k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 4.1k $258.1k | Added +675 |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 3.7k $238.2k | Reduced -908 |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 3.5k $223.9k | Unchanged |
| HARBOR CAPITAL ADVISORS, INC. 0.01% of their portfolio | 3.4k $218.0k | Added +860 |
| Handelsbanken Fonder AB 0.00% of their portfolio | 3.4k $217.0k | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 3.2k $204.0k | Reduced -1.0k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 3.1k $195.0k | Added +2.2k |
| Walleye Trading LLC 0.00% of their portfolio | 2.9k $185.4k | New |
| US BANCORP \DE\ 0.00% of their portfolio | 2.7k $175.7k | Added +57 |