# Telephone & Data Systems (TDS): value investors who own it

1 value investor held Telephone & Data Systems in their Q3 2026 13F, led by Oaktree Capital Management.

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Oaktree Capital Management | 2.7% | $196m | Added +23% | 4 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-09-11 | CARLSON LEROY T JR | Vice Chair | Sold | 77100 | $3.0m |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/tds). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.