This Telecom Stock Is Up 19% This Past Year, so Why Did One Fund Just Exit?

2 hours ago 1

Jonathan Ponciano, The Motley Fool

Wed, March 18, 2026 astatine 12:39 PM CDT 4 min read

On February 17, 2026, Stonehill Capital Management reported successful a Securities and Exchange Commission filing that it sold retired of Telephone and Data Systems (NYSE:TDS) successful the 4th quarter.

According to a Securities and Exchange Commission filing dated February 17, 2026, Stonehill Capital Management sold each 320,194 shares of Telephone and Data Systems (NYSE:TDS). The fund’s TDS presumption worth dropped by $12.56 cardinal from the erstwhile 4th arsenic a result.

Top holdings aft the filing:
- NASDAQ: SATS: $90.38 cardinal (29.0% of AUM)
- NASDAQ: JOYY: $71.47 cardinal (22.9% of AUM)
- NYSE: ELME: $30.25 cardinal (9.7% of AUM)
- NASDAQ: LBRDK: $21.07 cardinal (6.8% of AUM)
- NYSE: MBC: $19.65 cardinal (6.3% of AUM)
As of Wednesday, TDS shares were priced astatine $41.99, up astir 19% implicit the past year, successful enactment with the S&P 500’s summation successful the aforesaid period.

Metric

Value

Revenue (TTM)	$1.23 billion
Net income (TTM)	($75.5 million)
Price (as of Wednesday)	$41.99

TDS has historically provided wireless solutions, broadband internet, cloud-based television, and dependable services done its UScellular and TDS Telecom segments.
The steadfast has generated gross chiefly from wireless subscriptions, broadband access, and related telecommunications services, leveraging a premix of nonstop retail, third-party, and integer income channels.
It serves consumers, businesses, and authorities entities crossed the United States, with a absorption connected some municipality and agrarian markets.

Telephone and Data Systems is simply a starring U.S. telecommunications supplier with a diversified portfolio that has spanned wireless, broadband, and dependable services. It operates astatine scale, supporting millions of wireless and wireline connections nationwide. Its integrated attack and wide work offering presumption it to code evolving connectivity needs crossed a wide lawsuit base.

Shares of Telephone and Data Systems person done a bully occupation of keeping up with the broader market, truthful the afloat merchantability present begs the question of wherefore a money would exit now.

TDS is nary longer a accepted telecom relation arsenic investors mightiness person erstwhile understood it. The institution spent 2025 reshaping itself, offloading its wireless concern and leaning into fibre and infrastructure. That displacement is starting to amusement up successful the numbers. Quarterly gross roseate to astir $330.7 million, portion nett income jumped to $63.6 cardinal from $7.2 cardinal a twelvemonth ago. For the afloat year, the institution swung to a $20.2 cardinal nett aft posting a $26.5 cardinal nonaccomplishment successful 2024.

Meanwhile, the institution closed a $1.018 cardinal spectrum woody and paid a $10.25 peculiar dividend, portion doubling down connected fibre with a semipermanent extremity of reaching 2.1 cardinal serviceable addresses. Placed adjacent to apical holdings that skew toward media, planetary platforms, and existent estate, this sanction stood retired arsenic a transitional plus alternatively than a halfway conviction. Now, with the concern astatine a pivotal moment, it seems Stonehill decided to crook attraction elsewhere.

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