Third Point LLC: TELEPHONE & DATA SYS INC (TDS): Quarterly 13F Position History
As of Q1 2026, Third Point LLC reported 6,600,000 shares of TELEPHONE & DATA SYS INC (TDS), worth $277.9M and representing 13.3% of its 13F equity book. Quarter-over-quarter share count change: 75,000 (-1.1%) . The position first appeared in Q3 2023 and has been disclosed across 11 13F-HR filings in Pactolio's tracked window.
- 6,600,000Shares Held (Latest Filing)
- $277.9MReported Market Value (Latest Filing)
- 13.3%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 | 13.3% | $42.1 |
| Q4 2025 | 6,675,000 | 32,274 | -0.5% | $273.7M | 3.8% | $41.0 |
| Q3 2025 | 6,707,274 | 17,726 | -0.3% | $263.2M | 3.1% | $39.2 |
| Q2 2025 | 6,725,000 | 35,000 | -0.5% | $239.3M | 3.1% | $35.6 |
| Q1 2025 | 6,760,000 | +760,000 | +12.7% | $261.9M | 4.1% | $38.7 |
| Q4 2024 | 6,000,000 | +3,125,000 | +108.7% | $204.7M | 2.7% | $34.1 |
| Q3 2024 | 2,875,000 | +608,940 | +26.9% | $66.8M | 0.9% | $23.3 |
| Q2 2024 | 2,266,060 | +129,228 | +6.0% | $47.0M | 0.5% | $20.7 |
| Q1 2024 | 2,136,832 | 0 | — | $34.2M | 0.4% | $16.0 |
| Q4 2023 | 2,136,832 | 0 | — | $39.2M | 0.6% | $18.4 |
| Q3 2023 | 2,136,832 | — | — | $39.1M | 0.6% | $18.3 |
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.