L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 5 Feb 2026
Managers listing it
31
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 6 listed it in both
Shares listed
19,705,846
combined, among listed positions
Reported value
$808m
combined, at the quarter end

Among the 92 comparable managers: 19 buyers (opened or added shares) and 10 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +742,371.

Managers listing TDS in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

31 of 31 holders

ActionFiling
Third Point LLC6,675,000$274m3.76%Trimmed-32,27417 Feb 2026 (the filing on sec.gov)
Oaktree Capital Management LP3,688,386$151m2.15%Held017 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc1,603,026$66m0.63%Trimmed-47,9445 Feb 2026 (the filing on sec.gov)
Davidson Kempner Capital Management LP1,411,700$58m0.68%Held017 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,249,344$51munder 0.1%Added+62,68819 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP1,137,957$47m0.05%Added+351,11917 Feb 2026 (the filing on sec.gov)
Millennium Management LLC1,044,166$43munder 0.1%Added+553,58117 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP750,000$31m0.10%Held013 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC478,911$20munder 0.1%Added+441,64317 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)261,857$11munder 0.1%Trimmed-287,60617 Feb 2026 (the filing on sec.gov)
Winton Group Ltd165,657$6.8m0.23%Added+157,47611 Feb 2026 (the filing on sec.gov)
Man Group PLC127,920$5.2munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP120,440$4.9munder 0.1%Added+5,16517 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.119,381$4.9munder 0.1%Trimmed-21,08917 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC118,453$4.9munder 0.1%Added+8,38712 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc101,671$4.2munder 0.1%Added+1,79217 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP98,373$4.0munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP91,300$3.7munder 0.1%Added+3,90017 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC82,618$3.4munder 0.1%Added+54617 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC69,099$2.8munder 0.1%Trimmed-233,45917 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP54,771$2.2munder 0.1%Trimmed-50,88317 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC51,027$2.1munder 0.1%Added+6,30913 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd43,214$1.8munder 0.1%Held017 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP41,482$1.7munder 0.1%Added+12,81617 Feb 2026 (the filing on sec.gov)
Caxton Associates LLP24,740$1.0munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
5 in Q3 2024 to 6 in Q2 2026

Tracked managers listing it, at least.

0510152014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
TDS by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20134$324mn.a.n.a.
Q3 20135$331mn.a.n.a.
Q4 20136$230mn.a.n.a.
Q1 20146$314mn.a.n.a.
Q2 20145$285mn.a.n.a.
Q3 20145$272mn.a.n.a.
Q4 20146$288mn.a.n.a.
Q1 20155$202mn.a.n.a.
Q2 20157$212mn.a.n.a.
Q3 20158$198mn.a.n.a.
Q4 20156$214mn.a.n.a.
Q1 20168$206mn.a.n.a.
Q2 20166$203mn.a.n.a.
Q3 20164$184mn.a.n.a.
Q4 20164$215mn.a.n.a.
Q1 20175$176mn.a.n.a.
Q2 20174$173mn.a.n.a.
Q3 20173$173mn.a.n.a.
Q4 20175$171mn.a.n.a.
Q1 20186$220mn.a.n.a.
Q2 20186$230mn.a.n.a.
Q3 20188$251mn.a.n.a.
Q4 201811$446mn.a.n.a.
Q1 201910$423mn.a.n.a.
Q2 20199$400mn.a.n.a.
Q3 201911$260mn.a.n.a.
Q4 20196$239mn.a.n.a.
Q1 20207$142mn.a.n.a.
Q2 20206$177mn.a.n.a.
Q3 20205$148mn.a.n.a.
Q4 20205$131mn.a.n.a.
Q1 20217$154mn.a.n.a.
Q2 20212$42mn.a.n.a.
Q3 20214$36mn.a.n.a.
Q4 20214$39mn.a.n.a.
Q1 20222$34mn.a.n.a.
Q2 20223$30mn.a.n.a.
Q3 20223$25mn.a.n.a.
Q4 20223$19mn.a.n.a.
Q1 20234$25mn.a.n.a.
Q2 20233$20mn.a.n.a.
Q3 20236$101mn.a.n.a.
Q4 20235$84m22
Q1 20245$75m22
Q2 20245$93m32
Q3 20245$140m23
Q4 20247$311m43
Q1 20256$370m33
Q2 20255$360m32
Q3 20257$592m43
Q4 20258$634m1910
Q1 20268$658m1815
Q2 20266$602m1318

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

TDS and NFLX →TDS and TMUS →TDS and CMCSA →Choose a stock to compare with TDS →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own TDS, latest filings →Back to the 13F Explorer →