Key Points
Silver Point Capital sold 857,000 shares of TDS in the fourth quarter.
The quarter-end position value decreased by $33.63 million, reflecting the liquidation of the position.
The position previously accounted for 1.7% of the fund’s assets as of the prior quarter.
On February 17, 2026, Silver Point Capital disclosed in a Securities and Exchange Commission filing that it sold out its entire position in Telephone and Data Systems (NYSE:TDS), liquidating 857,000 shares worth $33.63 million.
What happened
According to a Securities and Exchange Commission filing dated February 17, 2026, Silver Point Capital reported the sale of its entire stake in Telephone and Data Systems(NYSE:TDS). The fund disposed of 857,000 shares during the quarter. The quarter-end position value for TDS declined by $33.63 million, reflecting the liquidation of the position.
What else to know
- Top holdings after the filing:
- NYSE:GPOR: $717.70 million
- NYSE:AERO: $289.27 million
- NYSEMKT:IAU: $157.88 million
- As of February 17, 2026, shares of TDS were priced at $46.54, up 15.97% over the past year.
Company overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $4.96 billion |
| Net Income (TTM) | ($28.00 million) |
| Dividend Yield | 0.35% |
| Price (as of market close 2/17/26) | $46.54 |
Company snapshot
- Telephone and Data Systems offers wireless solutions, broadband, cloud television, and telecommunications services through UScellular and TDS Telecom segments.
- The firm generates revenue from wireless subscriptions, data services, device sales, and wireline/broadband offerings to both consumer and enterprise customers.
- It serves individual consumers, businesses, and government entities across the United States, with a focus on wireless and wireline connectivity solutions.
Telephone and Data Systems, Inc. is a leading U.S. telecommunications provider with a diversified portfolio spanning wireless, broadband, and cloud-based services. The company leverages its national network infrastructure to deliver connectivity and digital solutions to millions of customers.
What this transaction means for investors
When a company is reshaping itself as aggressively as Telephone and Data Systems, exits can say as much about mandate as they do about fundamentals.
TDS just closed out a transformative year. Fourth quarter operating revenues from continuing operations rose to $330.7 million (from $295.3 million one year prior), while net income attributable to common shareholders from continuing operations reached $37.2 million, or $0.32 per diluted share. For the full year, continuing operations swung to profitability, with net income attributable to common shareholders of $48.2 million versus a loss the year prior.
Strategically, management sold its wireless business, launched Array as a tower platform, and is targeting 2.1 million marketable fiber addresses over time (an increase of 300,000). That pivot toward fiber and infrastructure creates a very different risk profile.
Against a portfolio dominated by large, concentrated positions in names like GPOR and AERO, a telecom turnaround with divestitures and restructuring may simply no longer fit. For long term investors, the story is less about a 16% one year stock gain and more about whether you want exposure to a capital-intensive fiber expansion with improving but still evolving earnings visibility.
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Jonathan Ponciano 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.
