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TDS Telephone & Data Systems Inc.

Communication Services, filed as TELEPHONE & DATA SYS INC (COM NEW), Equity As of 2026 Q2 among managers we track Quote on Google Finance, opens in a new tab

Bought by 2 managers in 2026 Q2, sold by 1

  • 3 Owners
  • Max 5.0%
  • $502M
  • 2 add 1 reduce

In 2026 Q2 Howard Marks and Davidson Kempner Capital Management added to Telephone & Data Systems, while Dan Loeb trimmed.

Who owns this now

Largest portfolio weights among holders, up to 5.0% (Dan Loeb, Third Point). Not free-float ownership.

  1. Dan Loeb Reduce 5.0%
  2. Howard Marks Add 2.7%
  3. Davidson Kempner Capital Mana... Add 0.88%

Who owns TDS

Sorted by value, long equity only, as of 2026 Q2.

History
Dan Loeb, Third Point 5.0%, was 13.3% Reduce −4.9% 6,275,000 $232M History
Howard Marks, Oaktree Capital Management 2.7% Add +23.1% 5,282,905 $196M History
Davidson Kempner Capital Management 0.88%, was 0.81% Add +42.0% 2,004,506 $74M History

3 current, options excluded

Weight bar: held both quarters added sold at this quarter’s reported price

Insider trades

Open-market buys and sales by TDS's executives, directors and 10% owners in the last 12 months, from their Form 4s

All TDS insider trades
  • None no insider bought on the open market
  • $3.6M sold by 2 insiders outside a trading plan
  • $244K sold by 1 insider under 10b5-1 plans
  1. Leroy T Carlson Jr. Vice Chair
    Sale
    $3M 77,100 shares at $38.45 14% of stake
    Traded Sep 11 Filed Sep 15
    ↗
  2. Prudence E Carlson Director
    Planned sale
    $244K 5,811 shares at $42.00 1.9% of stake
    Traded Mar 23 Filed Mar 24
    ↗
  3. Anita J Kroll VP, Controller & CAO
    Sale
    $667K 17,087 shares at $39.03 100% of stake
    Traded Nov 10–11 Filed Nov 12, 2025
    ↗

Also filed in the last 12 months, not counted as buying or selling: 20 share withholdings for taxes, 20 option exercises, 13 gifts, and 9 stock grants.

SEC filings

Recent issuer filings from EDGAR, 8 shown.

Filed Form Detail Links
SCHEDULE 13D/A — Filing Doc
SCHEDULE 13D/A — Filing Doc
8-K 8.01,9.01 Filing Doc
SCHEDULE 13G/A — Filing Doc
8-K 2.02,9.01 Filing Doc
10-Q Filing Doc
8-K 2.01,8.01 Filing Doc
8-K 5.07 Filing Doc

Source: SEC EDGAR submissions, updated 5 days ago. All on EDGAR

Financials

US-GAAP annual figures by fiscal year, as tagged in Form 10-K. Each value links to its SEC filing.

Income statement

Metric FY2023 FY2024 FY2025
Revenue $5.03B $4.84B $1.07B
Net income -$500M -$28M -$6.24M
Net margin * -9.9% -0.6% -0.6%

Balance sheet

Metric FY2023 FY2024 FY2025
Total current assets $1.66B $1.7B $0.923B
Total non-current assets * $12.26B $11.99B $7.47B
Total assets $13.92B $13.68B $8.4B
Total current liabilities $1.18B $1.09B $0.44B
Total equity $5.2B $5.09B $4.8B

Cash flow

Metric FY2023 FY2024 FY2025
Cash from operations $1.14B $1.14B $0.59B
Cash from investing -$1.33B -$0.754B $2.14B
Cash from financing $0.056B -$0.277B -$2.35B
Net change in cash -$129M $114M $386.93M

Source: SEC companyfacts (US-GAAP 10-K). A * marks a computed figure, not a single XBRL tag. Fiscal years are as the issuer labels them. Follow The Filings does not adjust or audit these figures.

Ownership over time

13Fs that reported it each quarter. Click a bar for that quarter’s holders.