Oaktree Buys $145 Million in TDS Stock Amid Wireless Exit and Turnaround Strategy

On Thursday, Oaktree Capital Management disclosed a new position in Telephone and Data Systems (TDS), acquiring nearly 3.7 million shares for an estimated $144.7 million during the third quarter.According to a Securities and Exchange Commission (SEC) filing released on Thursday, Oaktree Capital Management initiated a new position in Telephone and Data Systems (NYSE:TDS) totaling nearly 3.7 million shares. The stake’s value at quarter-end was $144.7 million based on the fund’s reported 13F holdings. Oaktree’s total reportable U.S. equity assets stood at $6.5 billion across positions after the filing.This new position represents 2.2% of Oaktree’s 13F reportable AUM as of September 30, which places it outside the fund’s top five holdings.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool