Third Point LLC — TELEPHONE & DATA SYS INC TDS: Quarterly 13F Position History
Third Point LLC has reported TELEPHONE & DATA SYS INC (TDS) on 11 13F-HR filings in Pactolio's tracked window, first appearing in Q3 2023. As of Q1 2026, the position is sized at 6,600,000 shares ($277.9M market value, 13.34% of the equity book). Quarter-over-quarter share count change: 75,000 (-1.1%) .
- 6,600,000Shares Held (Latest Filing)
- $277.9MReported Market Value (Latest Filing)
- 13.34%Portfolio Weight (% of 13F Equity Book)
- 75,000Quarter-over-Quarter Share Change
- +$4.2MQuarter-over-Quarter Value Change
- 6,760,000Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 11 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 6,600,000 | 75,000 | -1.1% | $277.9M | 13.34% | $42.10 |
| Q4 2025 | 6,675,000 | 32,274 | -0.5% | $273.7M | 3.76% | $41.00 |
| Q3 2025 | 6,707,274 | 17,726 | -0.3% | $263.2M | 3.14% | $39.24 |
| Q2 2025 | 6,725,000 | 35,000 | -0.5% | $239.3M | 3.14% | $35.58 |
| Q1 2025 | 6,760,000 | +760,000 | +12.7% | $261.9M | 4.11% | $38.74 |
| Q4 2024 | 6,000,000 | +3,125,000 | +108.7% | $204.7M | 2.75% | $34.11 |
| Q3 2024 | 2,875,000 | +608,940 | +26.9% | $66.8M | 0.90% | $23.25 |
| Q2 2024 | 2,266,060 | +129,228 | +6.0% | $47.0M | 0.54% | $20.73 |
| Q1 2024 | 2,136,832 | 0 | — | $34.2M | 0.44% | $16.02 |
| Q4 2023 | 2,136,832 | 0 | — | $39.2M | 0.59% | $18.35 |
| Q3 2023 | 2,136,832 | — | — | $39.1M | 0.60% | $18.31 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Third Point LLC first disclose a TDS position in 13F-HR filings?
Third Point LLC first reported TELEPHONE & DATA SYS INC (TDS) on its 13F-HR filing for the period ending 2023-09-30 (Q3 2023). The position has appeared on 11 reported quarters within Pactolio's tracked window.
What was Third Point LLC's most recent quarter-over-quarter share-count change in TDS?
Between Q4 2025 and Q1 2026, Third Point LLC reduced its TDS position by 75,000 shares (-1.1%), leaving 6,600,000 shares at a market value of $277.9M.
Does the implied price-per-share represent Third Point LLC's cost basis in TDS?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.