Telephone and Data Systems, Inc.
US ˙ NYSE ˙ US8794338298

SecurityTDS / Telephone and Data Systems, Inc.
InstitutionPrivate Management Group Inc
Latest Disclosed Ownership71,127 shares
Latest Disclosed Value $ 2,994,447
Private Management Group Inc reports 85.28% decrease in ownership of TDS / Telephone and Data Systems, Inc.

On May 8, 2026 - Private Management Group Inc filed a 13F-HR form disclosing ownership of 71,127 shares of Telephone and Data Systems, Inc. (US:TDS) valued at $2,994,447 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 483,079 shares of Telephone and Data Systems, Inc.. This represents a change in shares of -85.28% during the quarter. The current value of the position is $2,785,333 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-08 2026-03-31 13F TELEPHONE & DATA SYS COM NEW 879433829 71,127 -411,952 -85.28 2,994 -84.88 0.0862
2026-02-11 2025-12-31 13F TELEPHONE & DATA SYS COM 879433829 483,079 -16,692 -3.34 19,806 0.99 0.5766
2025-11-13 2025-09-30 13F TELEPHONE & DATA SYS COM NEW 879433829 499,771 -100,117 -16.69 19,611 -8.12 0.5839
2025-08-12 2025-06-30 13F TELEPHONE & DATA SYS COM NEW 879433829 599,888 -199,951 -25.00 21,344 -31.12 0.7059
2025-05-07 2025-03-31 13F TELEPHONE & DATA SYS COM 879433829 799,839 -500,706 -38.50 30,986 -30.15 1.1147
2025-01-27 2024-12-31 13F TELEPHONE & DATA SYS COM 879433829 1,300,545 -474,874 -26.75 44,362 7.47 1.6126
2024-10-29 2024-09-30 13F TELEPHONE & DATA SYS COM 879433829 1,775,419 -480,697 -21.31 41,278 -11.74 1.4556
2024-08-06 2024-06-30 13F TELEPHONE & DATA SYS COM 879433829 2,256,116 -16,358 -0.72 46,769 28.47 1.7981
2024-05-08 2024-03-31 13F TELEPHONE & DATA SYS COM NEW 879433829 2,272,474 -278,176 -10.91 36,405 -22.22 1.3791
2024-02-02 2023-12-31 13F TELEPHONE & DATA SYS COM NEW 879433829 2,550,650 -255,081 -9.09 46,804 -8.89 1.7912
2023-10-30 2023-09-30 13F TELEPHONE & DATA SYS COM NEW 879433829 2,805,731 -1,183,622 -29.67 51,373 56.47 2.1059
2023-08-07 2023-06-30 13F TELEPHONE & DATA SYS COM NEW 879433829 3,989,353 652,592 19.56 32,832 -6.38 1.3956
2023-05-08 2023-03-31 13F TELEPHONE & DATA SYS COM NEW 879433829 3,336,761 38,787 1.18 35,069 1.37 1.5771
2023-02-03 2022-12-31 13F TELEPHONE & DATA SYS COM NEW 879433829 3,297,974 497,664 17.77 34,596 -11.12 1.5352
2023-02-07 2022-09-30 13F/A-2 TELEPHONE & DATA SYS COM NEW 879433829 2,800,310 50,182 1.82 38,924 -10.36 1.8138
2023-02-06 2022-09-30 13F/A-1 TELEPHONE & DATA SYS COM NEW 879433829 2,800,310 50,182 39 1.8138
2022-11-08 2022-09-30 13F TELEPHONE & DATA SYS COM NEW 879433829 2,800,310 50,182 38,924 1.8138
2022-08-05 2022-06-30 13F TELEPHONE & DATA SYS COM NEW 879433829 2,750,128 74,801 2.80 43,425 -14.03 1.9036
2022-05-06 2022-03-31 13F TELEPHONE & DATA SYS COM NEW 879433829 2,675,327 30,964 1.17 50,510 -5.21 2.0465
2022-02-08 2021-12-31 13F TELEPHONE & DATA SYS COM NEW 879433829 2,644,363 321,113 13.82 53,284 17.62 2.1360
2021-11-09 2021-09-30 13F/A-1 TELEPHONE & DATA SYS COM NEW 879433829 2,323,250 563,972 32.06 45,303 13.64 1.8911
2021-11-05 2021-09-30 13F TELEPHONE & DATA SYS COM NEW 879433829 1,759,278 0 39,865 1.7472
2021-07-23 2021-06-30 13F TELEPHONE & DATA SYS COM NEW 879433829 1,759,278 85,945 5.14 39,865 3.76 1.7472
2021-05-11 2021-03-31 13F TELEPHONE & DATA SYS COM NEW 879433829 1,673,333 385,997 29.98 38,420 60.71 1.7572
2021-02-03 2020-12-31 13F TELEPHONE & DATA SYS COM NEW 879433829 1,287,336 339,658 35.84 23,906 36.80 1.2174
2020-11-12 2020-09-30 13F TELEPHONE & DATA SYS COM NEW 879433829 947,678 -9,935 -1.04 17,475 -8.21 1.1393
2020-08-13 2020-06-30 13F TELEPHONE & DATA SYS COM NEW 879433829 957,613 -4,065 -0.42 19,037 18.11 1.3223
2020-05-13 2020-03-31 13F TELEPHONE & DATA SYS COM NEW 879433829 961,678 161,160 20.13 16,118 -20.82 1.3129
2020-02-12 2019-12-31 13F TELEPHONE & DATA SYS COM NEW 879433829 800,518 33,331 4.34 20,357 2.85 1.0056
2019-11-12 2019-09-30 13F TELEPHONE & DATA SYS COM NEW 879433829 767,187 130,495 20.50 19,793 2.26 1.0506
2019-08-12 2019-06-30 13F TELEPHONE & DATA SYS COM NEW 879433829 636,692 44,125 7.45 19,355 6.29 0.9940
2019-05-10 2019-03-31 13F TELEPHONE & DATA SYS COM NEW 879433829 592,567 -34,930 -5.57 18,210 -10.82 0.9048
2019-02-06 2018-12-31 13F TELEPHONE & DATA SYS COM NEW 879433829 627,497 -21,312 -3.28 20,419 3.42 1.1172
2018-11-13 2018-09-30 13F TELEPHONE & DATA SYS COM NEW 879433829 648,809 31,947 5.18 19,743 16.73 0.9267
2018-08-16 2018-06-30 13F/A-1 TELEPHONE & DATA SYS COM NEW 879433829 616,862 14,950 2.48 16,914 0.25 0.8283
2018-08-10 2018-06-30 13F TELEPHONE & DATA SYS COM NEW 879433829 616,862 14,950 16,914
2018-05-11 2018-03-31 13F TELEPHONE & DATA SYS COM NEW 879433829 601,912 42,143 7.53 16,872 8.42 0.9017
2018-02-12 2017-12-31 13F TELEPHONE & DATA SYS COM NEW 879433829 559,769 2,500 0.45 15,562 0.13 0.8009
2017-11-07 2017-09-30 13F TELEPHONE & DATA SYS COM NEW 879433829 557,269 -5,503 -0.98 15,542 -0.48 0.8205
2017-08-09 2017-06-30 13F TELEPHONE & DATA SYS COM NEW 879433829 562,772 -1,757 -0.31 15,617 4.35 0.8555
2017-05-09 2017-03-31 13F TELEPHONE & DATA SYS COM NEW 879433829 564,529 -1,490 -0.26 14,966 -8.41 0.8471
2017-04-07 2016-12-31 13F/A-1 TELEPHONE & DATA SYS COM NEW 879433829 566,019 -4,300 -0.75 16,341 5.42 0.9221
2017-02-03 2016-12-31 13F TELEPHONE & DATA SYS COM NEW 879433829 566,019 16,341
2017-04-07 2016-09-30 13F/A-1 TELEPHONE & DATA SYS COM NEW 879433829 570,319 -17,552 -2.99 15,501 -11.10 0.9602
2016-11-14 2016-09-30 13F TELEPHONE & DATA SYS COM NEW 879433829 570,319 15,501
2017-04-07 2016-06-30 13F/A-1 TELEPHONE & DATA SYS COM NEW 879433829 587,871 -15,680 -2.60 17,436 -3.99 1.1438
2016-08-11 2016-06-30 13F TELEPHONE & DATA SYS COM NEW 879433829 587,871 17,436
2017-04-07 2016-03-31 13F/A-1 TELEPHONE & DATA SYS COM NEW 879433829 603,551 103,919 20.80 18,161 40.40 1.1632
2016-05-05 2016-03-31 13F TELEPHONE & DATA SYS COM NEW 879433829 603,551 18,161
2017-04-07 2015-12-31 13F/A-1 TELEPHONE & DATA SYS COM NEW 879433829 499,632 17,574 3.65 12,935 7.50 0.8017
2016-02-03 2015-12-31 13F TELEPHONE & DATA SYS COM NEW 879433829 499,632 12,935
2017-04-07 2015-09-30 13F/A-1 TELEPHONE & DATA SYS COM NEW 879433829 482,058 -3,530 -0.73 12,032 -15.72 0.7778
2015-11-09 2015-09-30 13F TELEPHONE & DATA SYS COM NEW 879433829 482,058 12,032
2015-07-30 2015-06-30 13F TELEPHONE & DATA SYS COM NEW 879433829 485,588 25,132 5.46 14,276 24.52 0.9352
2015-05-11 2015-03-31 13F TELEPHONE & DATA SYS COM NEW 879433829 460,456 460,456 11,465 0.7338
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.