Vestcor Inc Trims Stake in Telephone and Data Systems

Institutional investor reduces position in wireless communications provider

Published on Mar. 10, 2026

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Vestcor Inc, an investment management firm, has reduced its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 20% during the third quarter, according to a recent SEC filing. The firm now owns 180,000 shares of the wireless communications provider, valued at $7.06 million.

Why it matters

Telephone and Data Systems is a major player in the US wireless and broadband market, so changes in institutional ownership can signal shifts in investor sentiment around the company's performance and outlook.

The details

According to the 13F filing, Vestcor sold 45,000 shares of Telephone and Data Systems stock during the third quarter, trimming its position by 20%. The firm now holds a 0.16% stake in the company, down from 0.20% previously. Telephone and Data Systems provides a range of communications services, including wireless, wireline broadband, cable TV, and managed IT solutions, primarily in rural and suburban markets.

  • Vestcor reduced its TDS stake during the third quarter of 2025.

The players

Vestcor Inc

An investment management firm that has reduced its position in Telephone and Data Systems.

Telephone and Data Systems, Inc.

A diversified telecommunications company that provides wireless, wireline, cable, and IT services across the United States.

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The takeaway

This filing indicates that one institutional investor has become slightly less bullish on Telephone and Data Systems, though the company remains a sizable holding in Vestcor's portfolio. Investors will likely continue to monitor institutional activity around TDS as a gauge of broader sentiment towards the stock.