Free · no sign-up · Q2 2026

Which funds own TDS

Telephone & Data Sys Inc in the Q2 2026 filings. At least 6 of the 91 current managers on file reported a position, worth $602m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 6; at least, of 91 current
Combined value: $602m; as reported
Opened: 0; new this quarter
Added to: 3; already held
Trimmed or sold out: 4; 1 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Third Point LLC Activist · $4.7bn book	$232m	5.0%	6,275,000	-$46m-325,000	Trimmed
Oaktree Capital Management LP Activist · $7.2bn book	$196m	2.7%	5,282,905	+$15m+990,662	Added
Davidson Kempner Capital Management LP Long/short equity · $8.4bn book	$74m	0.9%	2,004,506	+$15m+592,806	Added
GAMCO Investors Inc Activist · $11.1bn book	$55m	0.5%	1,490,973	-$8.2m-15,038	Trimmed
Hudson Bay Capital Management LP Multi-strategy · $36.8bn book	$35m	0.1%	942,129	+$400k+123,429	Added
Rokos Capital Management LLP Macro · $26.8bn book	$9.9m	0.0%	267,640	-$11m-232,360	Trimmed

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Caxton Associates LLP · Macro$900k held before

Ownership through time

At least 6 of the 95 managers whose filings are on file listed TDS in Q2 2026, against 4 in Q2 2013. 2 managers fewer than in Q1 2026: 2 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

No manager on file started a position.

Largest increases, by shares

Oaktree Capital Management LP4,292,243 to 5,282,905 shares+$37m
Davidson Kempner Capital Management LP1,411,700 to 2,004,506 shares+$22m
Hudson Bay Capital Management LP818,700 to 942,129 shares+$4.6m

Largest decreases, by shares

Third Point LLC6,600,000 to 6,275,000 shares-$12m
Rokos Capital Management LLP500,000 to 267,640 shares-$8.6m
GAMCO Investors Inc1,506,011 to 1,490,973 shares-$557k

Left it

No manager on file is shown leaving it.

Manager	First listed	Largest	Q2 2026
Third Point LLC	Q3 2023	$278m	$232m
Oaktree Capital Management LP	Q3 2025	$196m	$196m
Davidson Kempner Capital Management LP	Q3 2025	$74m	$74m
GAMCO Investors Inc	Q2 2013	$148m	$55m
Hudson Bay Capital Management LP	Q1 2020	$35m	$35m
Rokos Capital Management LLP	Q1 2026	$21m	$9.9m
Capital Research Global Investors	Q2 2013	$151m	last listed Q1 2015
Renaissance Technologies LLC	Q2 2013	$138m	last listed Q1 2021
Acadian Asset Management LLC	Q4 2013	$92m	last listed Q1 2021
Man Group PLC	Q1 2018	$52m	last listed Q1 2026
Point72 Asset Management LP	Q4 2019	$47m	last listed Q4 2025
AQR Capital Management LLC	Q2 2013	$42m	last listed Q3 2020
Millennium Management LLC	Q3 2015	$42m	last listed Q4 2018
Arrowstreet Capital LP	Q1 2019	$33m	last listed Q3 2024
Winton Group Ltd	Q4 2017	$33m	last listed Q4 2025
Voloridge Investment Management LLC	Q4 2018	$23m	last listed Q1 2025

What TDS is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around TDS →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

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The holdings, every quarter, and the week between

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