Diameter Capital Sells All Telephone and Data System Shares

TDS NBIS SPY SATS 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; The position was previously 4.0% of fund AUM as of the prior quarter NASDAQ: SATS: $172.2 million (16.1% of AUM) NYSEMKT: IVM (put): $99.2 million (9.3% of AUM) NASDAQ: NBIS (1.25% cv bond): $38.5 million (3.6% of AUM) 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. 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. 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. *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. Diameter Capital Sells All Telephone and Data System Shares was originally published by The Motley Fool

Diameter Capital Sells All Telephone and Data System Shares

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