--- title: "Diameter Capital Sells All Telephone and Data System Shares" type: "News" locale: "en" url: "https://longbridge.com/en/news/287540245.md" description: "Key PointsThe firm sold 1,067,297 shares of Telephone and Data Systems.The fund no longer holds any shares.The position represented 4.0% of the fund's AUM as of the prior quarter.10 stocks we like better than Telephone And Data Systems ›On May 15, Diameter Capital Partners LP reported in a filing with the Securities and Exchange Commission that it sold out of Telephone and Data Systems (NYSE:TDS), disposing of 1,067,297 shares." datetime: "2026-05-25T14:35:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287540245.md) - [en](https://longbridge.com/en/news/287540245.md) - [zh-HK](https://longbridge.com/zh-HK/news/287540245.md) --- # Diameter Capital Sells All Telephone and Data System Shares ## Key Points - The firm sold 1,067,297 shares of Telephone and Data Systems. - The fund no longer holds any shares. - The position represented 4.0% of the fund's AUM as of the prior quarter. - 10 stocks we like better than Telephone And Data Systems › On May 15, Diameter Capital Partners LP reported in a filing with the Securities and Exchange Commission that it sold out of **Telephone and Data Systems** (NYSE:TDS), disposing of 1,067,297 shares. - Sold 1,067,297 shares of Telephone and Data Systems; - Post-trade, the fund holds zero shares - The position was previously 4.0% of fund AUM as of the prior quarter ## What else to know - Top holdings after the filing: - NYSE: SPY (put): $325.2 million (30.4%) - NASDAQ: SATS: $172.2 million (16.1% of AUM) - NYSEMKT: IVM (put): $99.2 million (9.3% of AUM) - NASDAQ: UNIT: $53.3 million (5% of AUM) - NASDAQ: NBIS (1.25% cv bond): $38.5 million (3.6% of AUM) ## Company overview Metric Value Revenue (TTM) $2.1 billion Net income (TTM) $338.6 million) Dividend yield 0.4% Price (as of market close May 22) $39.30 ## Company snapshot Telephone and Data Systems is a diversified telecommunications provider with a national presence, operating through both wireless and wireline business units. Its strategy focuses on delivering reliable communications infrastructure and value-added services to sustain competitive positioning in the U.S. market. - Provides wireless solutions, IoT connectivity, broadband, cloud TV, and voice services through the UScellular and TDS Telecom segments. - Generates revenue primarily from wireless subscriptions, broadband and cable connections, and related device and service sales to consumers, businesses, and government clients. ## What this transaction means for investors The share sale represents a significant sale for Diameter Capital since the $43.4 million stake was the firm’s fifth-largest holding as of Dec. 31. Diameter’s current reportable portfolio, which includes equities, call and put options, and convertible bonds, totaled $1.1 billion as of March 31. The firm’s sale comes as Telephone and Data System's shares have trailed the overall market, using the **S&P 500** index and **Nasdaq Composite** as benchmarks. The stock returned 17.6%, including dividends, over the last year through May 22. During this time, the S&P 500 and Nasdaq Composite produced total returns of 30.4% and 41.5%, respectively Telephone and Data System reported first-quarter results earlier this month. Revenue grew 7% year over year to $309.5 million. It also reported a profit from continuing operations under generally accepted accounting principles of $146.6 million, reversing a loss of $5.9 million from a year ago. The company announced it offered to buy the remaining shares of Array Digital that it doesn’t already own in an all-stock transaction. ## Should you buy stock in Telephone And Data Systems right now? Before you buy stock in Telephone And Data Systems, consider this: The _Motley Fool Stock Advisor_ analyst team just identified what they believe are the **10 best stocks** for investors to buy now… and Telephone And Data Systems wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when **Netflix** made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, **you’d have $477,813**!\* Or when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $1,320,088**!\* Now, it’s worth noting _Stock Advisor’s_ total average return is 986% — a market-crushing outperformance compared to 208% for the S&P 500. **Don't miss the latest top 10 list, available with _Stock Advisor_, and join an investing community built by individual investors for individual investors.** See the 10 stocks » _\*Stock Advisor returns as of May 25, 2026._ _Lawrence Rothman, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy._ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### Related Stocks - [TDS.US](https://longbridge.com/en/quote/TDS.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [SATS.US](https://longbridge.com/en/quote/SATS.US.md) - [UNIT.US](https://longbridge.com/en/quote/UNIT.US.md) - [NBIS.US](https://longbridge.com/en/quote/NBIS.US.md) - [USM.US](https://longbridge.com/en/quote/USM.US.md) - [AD.US](https://longbridge.com/en/quote/AD.US.md) - [NFLX.US](https://longbridge.com/en/quote/NFLX.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [TDS-V.US](https://longbridge.com/en/quote/TDS-V.US.md) - [TDS-U.US](https://longbridge.com/en/quote/TDS-U.US.md) - [GJH.US](https://longbridge.com/en/quote/GJH.US.md) - [UZE.US](https://longbridge.com/en/quote/UZE.US.md) - [UZF.US](https://longbridge.com/en/quote/UZF.US.md) - [UZD.US](https://longbridge.com/en/quote/UZD.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [ExxonMobil Corporation $XOM Shares Sold by Argent Capital Management LLC](https://longbridge.com/en/news/294574839.md) - [G. 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