Cliff Asness's TDS Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 82,618 shares of Telephone and Data Systems, Inc. (TDS) worth $3.39 M, representing 0.00% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in TDS, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2019, adding 931,835 shares. Largest reduction occurred in Q1 2022, reducing 759,854 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Telephone and Data Systems (TDS) Holding Value Over Time
Track share changes against reported price movement
Quarterly Telephone and Data Systems (TDS) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +546 | Add 0.67% | 82,618 | $41.00 |
| Q3 2025 | +13,897 | Add 20.38% | 82,072 | $38.86 |
| Q2 2025 | +1,050 | Add 1.56% | 68,175 | $35.16 |
| Q1 2025 | +11,769 | Add 21.26% | 67,125 | $38.35 |
| Q4 2024 | -10,894 | Reduce 16.44% | 55,356 | $34.11 |
| Q3 2024 | -156,038 | Reduce 70.20% | 66,250 | $23.25 |
| Q2 2024 | +1,376 | Add 0.62% | 222,288 | $20.65 |
| Q1 2024 | -25,555 | Reduce 10.37% | 220,912 | $16.02 |
| Q4 2023 | +141,519 | Add 134.85% | 246,467 | $18.35 |
| Q3 2023 | -131,331 | Reduce 55.58% | 104,948 | $18.31 |
| Q2 2023 | +122,217 | Add 107.15% | 236,279 | $8.23 |
| Q1 2023 | -120,511 | Reduce 51.37% | 114,062 | $10.35 |
| Q4 2022 | +234,573 | New Buy | 234,573 | $10.49 |
| Q2 2022 | -114,446 | Sold Out | 0 | $0.00 |
| Q1 2022 | -759,854 | Reduce 86.91% | 114,446 | $18.86 |
| Q4 2021 | +148,144 | Add 20.40% | 874,300 | $20.15 |
| Q3 2021 | +72,673 | Add 11.12% | 726,156 | $19.50 |
| Q2 2021 | +10,543 | Add 1.64% | 653,483 | $22.39 |
| Q1 2021 | -44,905 | Reduce 6.53% | 642,940 | $22.81 |
| Q4 2020 | -401,421 | Reduce 36.85% | 687,845 | $18.26 |
| Q3 2020 | -98,320 | Reduce 8.28% | 1.09 M | $18.44 |
| Q2 2020 | +665,337 | Add 127.40% | 1.19 M | $19.88 |
| Q1 2020 | -246,680 | Reduce 32.08% | 522,249 | $16.76 |
| Q4 2019 | -388,180 | Reduce 33.55% | 768,929 | $25.04 |
| Q3 2019 | -235,851 | Reduce 16.93% | 1.16 M | $25.60 |
| Q2 2019 | +120,368 | Add 9.46% | 1.39 M | $30.40 |
| Q1 2019 | +931,835 | Add 273.46% | 1.27 M | $30.63 |
| Q4 2018 | +329,179 | Add 2843.14% | 340,757 | $32.54 |
| Q2 2018 | -18,967 | Reduce 62.10% | 11,578 | $27.38 |
| Q1 2018 | -42 | Reduce 0.14% | 30,545 | $28.06 |
| Q4 2017 | +9,426 | Add 44.54% | 30,587 | $27.82 |
| Q3 2017 | -11,988 | Reduce 36.16% | 21,161 | $27.88 |
| Q2 2017 | -12,044 | Reduce 26.65% | 33,149 | $27.75 |
| Q1 2017 | -26,431 | Reduce 36.90% | 45,193 | $26.51 |
| Q4 2016 | -90,103 | Reduce 55.71% | 71,624 | $28.87 |
| Q3 2016 | -54,026 | Reduce 25.04% | 161,727 | $27.18 |
| Q2 2016 | -204,968 | Reduce 48.72% | 215,753 | $29.66 |
| Q1 2016 | -269,153 | Reduce 39.01% | 420,721 | $30.09 |
| Q4 2015 | +85,945 | Add 14.23% | 689,874 | $25.89 |
| Q3 2015 | +128,167 | Add 26.94% | 603,929 | $24.96 |
| Q2 2015 | +160,200 | Add 50.77% | 475,762 | $29.40 |
| Q1 2015 | -17,482 | Reduce 5.25% | 315,562 | $24.90 |
| Q4 2014 | -64,241 | Reduce 16.17% | 333,044 | $25.25 |
| Q3 2014 | -158,374 | Reduce 28.50% | 397,285 | $23.96 |
| Q2 2014 | +26,922 | Add 5.09% | 555,659 | $26.11 |
| Q1 2014 | +34,811 | Add 7.05% | 528,737 | $26.21 |
| Q4 2013 | +58,648 | Add 13.47% | 493,926 | $25.78 |
| Q3 2013 | -260,196 | Reduce 37.41% | 435,278 | $29.55 |
| Q2 2013 | +695,474 | Add 0.00% | 695,474 | $24.65 |
| Q4 2012 | +619,629 | Add 0.00% | 619,629 | $22.14 |
Cliff Asness's Telephone and Data Systems Investment FAQs
Cliff Asness first purchased Telephone and Data Systems, Inc. (TDS) in Q4 2012, acquiring 619,629 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Telephone and Data Systems, Inc. (TDS) for 52 quarters since Q4 2012.
Cliff Asness's largest addition to Telephone and Data Systems, Inc. (TDS) was in Q1 2019, adding 1,272,592 shares worth $38.98 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 82,618 shares of Telephone and Data Systems, Inc. (TDS), valued at approximately $3.39 M.
As of the Q4 2025 filing, Telephone and Data Systems, Inc. (TDS) represents approximately 0.00% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Telephone and Data Systems, Inc. (TDS) was 1,392,960 shares, as reported at the end of Q2 2019.