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 ($113.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.14. Options: 6 managers hold calls ($8.3m notional), 4 hold puts ($4.7m).
Trends to Q1 2026
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 |
| Q3 2025 | 148 |
| Q4 2025 | 146 |
| Q1 2026 | 148 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 74 | 62 |
| Q3 2024 | 51 | 67 |
| Q4 2024 | 62 | 55 |
| Q1 2025 | 75 | 55 |
| Q2 2025 | 75 | 72 |
| Q3 2025 | 79 | 71 |
| Q4 2025 | 81 | 66 |
| Q1 2026 | 75 | 66 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $23.8m | $18.9m | 0.80 |
| Q3 2025 | $12.9m | $18.2m | 1.42 |
| Q4 2025 | $10.9m | $5.8m | 0.54 |
| Q1 2026 | $8.3m | $4.7m | 0.56 |
Biggest buyers
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Added | +2.1m |
| Qube Research & Technologies Ltd | Added | +180.7k |
| AMERICAN CENTURY COMPANIES INC | Added | +99.1k |
| STATE STREET CORP | Added | +92.9k |
| D. E. Shaw & Co., Inc. | Added | +84.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Added | +80.9k |
| Potrero Capital Research LLC | Added | +71.1k |
| MILLENNIUM MANAGEMENT LLC | Added | +63.3k |
| DIMENSIONAL FUND ADVISORS LP | Added | +57.2k |
| ExodusPoint Capital Management, LP | New | +41.0k |
Biggest sellers
| Point72 Asset Management, L.P. | Sold out | -343.6k |
| Irenic Capital Management LP | Sold out | -235.3k |
| BlackRock, Inc. | Reduced | -136.7k |
| Pacer Advisors, Inc. | Sold out | -131.9k |
| GAMCO INVESTORS, INC. ET AL | Reduced | -120.0k |
| Newtyn Management, LLC | Reduced | -83.1k |
| MAVERICK CAPITAL LTD | Sold out | -64.6k |
| FMR LLC | Reduced | -58.6k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -57.8k |
| Diametric Capital, LP | Sold out | -47.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.7m101.2k shares |
| JANE STREET GROUP, LLC | Reduced | $2.1m46.2k shares |
| CITADEL ADVISORS LLC | Added | $664.4k14.4k shares |
| PEAK6 LLC | New | $549.1k11.9k shares |
| SIMPLEX TRADING, LLC | New | $267.6k5.8k shares |
| GROUP ONE TRADING LLC | New | $32.3k700 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.4m73.1k shares |
| TUDOR INVESTMENT CORP ET AL | Unchanged | $1.2m25.0k shares |
| SIMPLEX TRADING, LLC | New | $87.7k1.9k shares |
| GROUP ONE TRADING LLC | New | $64.6k1.4k 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 Q1 2026
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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $1.9m | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 2 | $7.2m | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.5m $116.9m | Reduced -899 |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.3m $106.1m | Added +57.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.11% of their portfolio | 2.1m $95.2m | Added +2.1m |
| Jericho Capital Asset Management L.P. 1.24% of their portfolio | 1.8m $83.8m | Unchanged |
| Newtyn Management, LLC 7.97% of their portfolio | 1.6m $74.6m | Reduced -83.1k |
| GAMCO INVESTORS, INC. ET AL 0.38% of their portfolio | 844.6k $39.0m | Reduced -120.0k |
| LOOMIS SAYLES & CO L P 0.05% of their portfolio | 740.5k $34.2m | Reduced -21.2k |
| OAKTREE CAPITAL MANAGEMENT LP 0.57% of their portfolio | 724.4k $33.4m | Unchanged |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 682.1k $31.5m | First filing |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 667.3k $30.8m | First filing |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 606.8k $28.0m | Added +99.1k |
| GABELLI FUNDS LLC 0.17% of their portfolio | 542.0k $25.0m | Reduced -11.0k |
| Qube Research & Technologies Ltd 0.03% of their portfolio | 401.9k $18.5m | Added +180.7k |
| BlackRock, Inc. 0.00% of their portfolio | 371.9k $17.2m | Reduced -136.7k |
| Aberdeen Group plc 0.02% of their portfolio | 257.0k $11.9m | Reduced -32.6k |
| STATE STREET CORP 0.00% of their portfolio | 245.8k $11.3m | Added +92.9k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 220.0k $10.1m | Added +84.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 186.5k $8.6m | Added +22.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 174.0k $8.0m | Reduced -57.8k |
| Potrero Capital Research LLC 4.54% of their portfolio | 160.4k $7.4m | Added +71.1k |
| Tiptree Advisors, LLC 4.10% of their portfolio | 153.1k $7.1m | Added +9.8k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 111.5k $5.1m | Added +14.9k |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC 0.69% of their portfolio | 110.6k $5.1m | Added +16.5k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 100.0k $4.6m | Added +80.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 97.9k $4.5m | Added +14.7k |
| State of Alaska, Department of Revenue 0.05% of their portfolio | 96.8k $4.5m | Unchanged |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 89.9k $4.1m | First filing |
| DigitalBridge Group, Inc. 0.26% of their portfolio | 87.5k $4.0m | Reduced -30.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 73.4k $3.4m | Reduced -733 |
| FMR LLC 0.00% of their portfolio | 72.7k $3.4m | Reduced -58.6k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 70.3k $3.2m | Added +63.3k |
| MORGAN STANLEY 0.00% of their portfolio | 69.2k $3.2m | Reduced -21.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 68.1k $3.1m | Added +19.4k |
| TCW GROUP INC 0.02% of their portfolio | 55.0k $2.5m | Reduced -2.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 43.8k $2.0m | Added +1.4k |
| ExodusPoint Capital Management, LP 0.02% of their portfolio | 41.0k $1.9m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 39.4k $1.8m | Added +435 |
| UBS Group AG 0.00% of their portfolio | 34.4k $1.6m | Reduced -18.1k |
| Verition Fund Management LLC 0.02% of their portfolio | 34.1k $1.6m | Added +27.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 34.0k $1.6m | Added +5.3k |
| Invesco Ltd. 0.00% of their portfolio | 33.8k $1.6m | Added +4.2k |
| Swiss National Bank 0.00% of their portfolio | 31.5k $1.5m | Unchanged |
| Brevan Howard Capital Management LP 0.01% of their portfolio | 30.8k $1.4m | Added +19.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 27.7k $1.3m | Added +14.0k |
| Man Group plc 0.00% of their portfolio | 24.9k $1.1m | New |
| MARSHALL WACE, LLP 0.00% of their portfolio | 24.4k $1.1m | Added +11.4k |
| Central Pacific Bank - Trust Division 0.13% of their portfolio | 21.9k $1.0m | Unchanged |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 21.5k $992.0k | Reduced -19.9k |
| Gotham Asset Management, LLC 0.00% of their portfolio | 21.4k $988.9k | Added +3.1k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 21.3k $985.0k | Added +2.7k |
| Hennion & Walsh Asset Management, Inc. 0.03% of their portfolio | 21.2k $978.2k | Added +4.2k |
| Waverly Advisors, LLC 0.01% of their portfolio | 19.4k $893.9k | Unchanged |
| DARK FOREST CAPITAL MANAGEMENT LP 0.08% of their portfolio | 19.0k $876.4k | New |
| CITIGROUP INC 0.00% of their portfolio | 18.3k $843.7k | Added +7.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 17.7k $817.5k | Added +3.5k |
| XTX Topco Ltd 0.01% of their portfolio | 17.7k $816.4k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 17.3k $797.0k | New |
| Aquatic Capital Management LLC 0.02% of their portfolio | 16.7k $769.0k | New |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.04% of their portfolio | 16.1k $799.1k | Added +9.6k |
| CAXTON ASSOCIATES LLP 0.02% of their portfolio | 15.0k $694.2k | Reduced -3.9k |
| Tidal Investments LLC 0.00% of their portfolio | 14.2k $656.7k | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 13.8k $637.0k | Reduced -4.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 13.7k $632.3k | Unchanged |
| Quantbot Technologies LP 0.03% of their portfolio | 13.6k $627.0k | Added +11.8k |
| Graham Capital Management, L.P. 0.02% of their portfolio | 13.3k $613.9k | Reduced -1.4k |
| Engineers Gate Manager LP 0.01% of their portfolio | 12.8k $588.4k | Added +6.8k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 11.9k $550.7k | Added +416 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 11.6k $536.0k | Added +1.2k |
| Welch Group, LLC 0.02% of their portfolio | 11.0k $507.5k | Unchanged |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 10.8k $496.5k | First filing |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 10.0k $462.3k | Reduced -33.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 9.7k $445.4k | Reduced -2.0k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 9.3k $431.2k | Added +3.3k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 8.8k $404.9k | Added +2.1k |
| Legal & General Group Plc 0.00% of their portfolio | 8.4k $387.5k | Reduced -4.6k |
| NAVELLIER & ASSOCIATES INC 0.04% of their portfolio | 7.8k $359.4k | New |
| Gem Investment Advisors, LLC 0.34% of their portfolio | 7.4k $343.2k | Unchanged |
| Creative Planning 0.00% of their portfolio | 7.0k $322.0k | Added +83 |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 6.9k $318.4k | New |
| INCEPTIONR LLC 0.07% of their portfolio | 6.4k $295.1k | New |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 6.3k $292.1k | Unchanged |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio | 6.1k $282.6k | Unchanged |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 5.9k $274.2k | First filing |
| WINTON GROUP Ltd 0.01% of their portfolio | 5.9k $272.2k | New |
| KLP KAPITALFORVALTNING AS 0.00% of their portfolio | 5.9k $272.2k | Unchanged |
| Handelsbanken Fonder AB 0.00% of their portfolio | 5.5k $254.0k | New |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 5.3k $246.2k | New |
| VARCOV Co. 0.09% of their portfolio | 5.3k $245.1k | New |
| Weiss Asset Management LP 0.00% of their portfolio | 4.5k $205.5k | Not comparable |
| US BANCORP \DE\ 0.00% of their portfolio | 4.4k $204.6k | Added +50 |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 4.4k $203.2k | Reduced -69 |
| Vanguard Investments Australia, Ltd. 0.00% of their portfolio | 4.1k $191.3k | First filing |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 3.9k $182.0k | Added +2.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 2.4k $109.8k | Reduced -5.4k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 2.2k $101.3k | Added +2.2k |
| Brookfield Corp /ON/ 0.00% of their portfolio | 2.1k $97.4k | Reduced -671 |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 2.0k $92.3k | Reduced -2.9k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 1.9k $85.5k | Unchanged |
| SIGNATUREFD, LLC 0.00% of their portfolio | 1.4k $63.0k | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 1.1k $52.4k | Unchanged |