As of November 6, 2026, 2 holders' latest Schedule 13D or 13G filings report owning 5% or more of Array Digital Infrastructure, Inc. The largest reported stake is Telephone and Data Systems, Inc.'s, at 81.9%. 6 filings are on record since August 5, 2025 (Schedule 13D/A, September 2, 2026).
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Key facts
- · Reporting person: Hawk Ridge Capital Management LP · Sole voting: 0 · Shared voting: 2,728,548 · Sole dispositive: 0 · Shared dispositive: 2,728,548 · SCHEDULE 13G, 2026-09-23
- · Reporting person: Telephone and Data Systems, Inc. · Sole voting: 70,788,703 · Shared voting: 0 · Sole dispositive: 70,788,703 · Shared dispositive: 0 · SCHEDULE 13D/A, 2026-09-02
- · Holder: Bank Of America Corp · Percent: 1.4% · Shares: 742,984 · SCHEDULE 13G/A
- · Holder: Bank Of America Corp · Percent: 5.7% · SCHEDULE 13G
- · Holder: Telephone and Data Systems, Inc. · Percent: 81.9% · SCHEDULE 13D/A
Array Digital Infrastructure, Inc. has 6 Schedule 13D or 13G filings on record since 2025-08-05. 2 holders' latest filing reports 5% or more of common shares, $1 par value. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| Telephone and Data Systems, Inc. | 81.9% | 70,788,703 | SCHEDULE 13D/A, 2026-09-02 | 2026-09-01 |
| Hawk Ridge Capital Management LP | 5.1% | 2,728,548 | SCHEDULE 13G, 2026-09-23 | 2026-09-16 |
| Bank Of America Corp | 1.4% | 742,984 | SCHEDULE 13G/A, 2026-08-03 |
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More on Array Digital Infrastructure, Inc. and the records around it.
Array Digital Infrastructure, Inc. elsewhere on the record
Companies that share a holder
- BANK OF AMERICA CORP /DE/ also filed stake reports on 74 other companies: TRIMAS CORP (Nov 2026), PIMCO CALIFORNIA MUNICIPAL INCOME FUND (Nov 2026), PIMCO MUNICIPAL INCOME FUND II (Nov 2026)
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Telephone and Data Systems, Inc. | 70,788,703 | 0 | 70,788,703 | 0 | SCHEDULE 13D/A, 2026-09-02 |
| The Trustees of Amendment and Restatement (dated as of April 22, 2005) of Voting Trust under Agreement dated as of June 30, 1989 | 0 | 70,788,703 | 0 | 70,788,703 | SCHEDULE 13D/A, 2026-09-02 |
| Hawk Ridge Capital Management LP | 0 | 2,728,548 | 0 | 2,728,548 | SCHEDULE 13G, 2026-09-23 |
| Hawk Ridge Management LLC | 0 | 2,728,548 | 0 | 2,728,548 | SCHEDULE 13G, 2026-09-23 |
| Hawk Ridge Capital Management GP LLC | 0 | 2,728,548 | 0 | 2,728,548 | SCHEDULE 13G, 2026-09-23 |
| Hawk Ridge Master Fund LP | 0 | 2,728,548 | 0 | 2,728,548 | SCHEDULE 13G, 2026-09-23 |
| Brown David Graham | 0 | 2,728,548 | 0 | 2,728,548 | SCHEDULE 13G, 2026-09-23 |
| Bank Of America Corp | 0 | 741,614 | 0 | 742,984 | SCHEDULE 13G/A, 2026-08-03 |
The latest filing identifies Array Digital Infrastructure, Inc. by CUSIP 911684108 and gives its principal executive office as 500 WEST MADISON STREET, SUITE 810, CHICAGO, IL 60661 (SCHEDULE 13G, 2026-09-23).
Source of funds (Item 3)
The information contained in Item 4 below is incorporated herein by reference.Telephone and Data Systems, Inc., SCHEDULE 13D/A, 2026-09-02
Purpose of Transaction (Item 4)
Telephone and Data Systems, Inc.
This Item 4 is being updated by the following information. On September 1, 2026, TDS issued a press release (the "Press Release") announcing that it is no longer pursuing the acquisition of the Array Common Shares that it does not already own and has withdrawn its previously disclosed proposal. Under the terms of that proposal, each Array Common Share not already owned by TDS would have been exchanged for 0.86 of a TDS Common Share, subject to the assumptions set forth in the proposal. TDS will retain its approximately 82% ownership interest in Array. A copy of the Press Release is filed herewith as Exhibit 2. TDS may in the future recommence its efforts to acquire the Array Common Shares it does not own or pursue other potential transactions involving TDS and Array and may, from time to time, acquire additional Array Common Shares or engage in discussions with Array or members of its Board of Directors regarding any such transactions. The trustees of the Voting Trust have advised TDS that they intend to maintain the ability to keep or dispose of the voting control of TDS. The trustees of the Voting Trust have further advised TDS that the trustees of the Voting Trust intend that TDS maintain the ability to keep or dispose of the voting control of the Issuer. TDS and the trustees of the Voting Trust also retain the right to change their intent, to acquire additional securities from time to time or to dispose of all or part of the securities beneficially owned by TDS or the …The first part of Item 4 of the SCHEDULE 13D/A filed 2026-09-02; the filing has the rest
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-08-05 | Telephone & Data Systems Inc | 82% | SCHEDULE 13D/A |
| 2026-05-08 | Telephone and Data Systems, Inc. | 81.9% | SCHEDULE 13D/A |
| 2026-05-14 | Bank Of America Corp | 5.7% | SCHEDULE 13G |
| 2026-08-03 | Bank Of America Corp | 1.4% | SCHEDULE 13G/A |
| 2026-09-02 | Telephone and Data Systems, Inc. | 81.9% | SCHEDULE 13D/A |
| 2026-09-23 | Hawk Ridge Capital Management LP | 5.1% | SCHEDULE 13G |
Questions about who owns Array Digital Infrastructure, Inc.
Who owns Array Digital Infrastructure, Inc.?
On this page, 2 holders' latest ownership filings report 5% or more of Array Digital Infrastructure, Inc.: Telephone and Data Systems, Inc. (81.9%, Schedule 13D/A, filed 2026-09-02) and Hawk Ridge Capital Management LP (5.1%, Schedule 13G, filed 2026-09-23).
Who are the largest shareholders of Array Digital Infrastructure, Inc.?
By the share each holder's latest filing reports, the largest holders of Array Digital Infrastructure, Inc. on this page are Telephone and Data Systems, Inc. (81.9%) and Hawk Ridge Capital Management LP (5.1%).
When did Telephone and Data Systems, Inc. buy into Array Digital Infrastructure, Inc.?
The filings give report dates, not purchase dates. The earliest filing from Telephone and Data Systems, Inc. on this page is the Schedule 13D/A, filed 2026-05-08, reporting 81.9%; its latest, Schedule 13D/A filed 2026-09-02, reports 81.9%. That earliest filing is itself an amendment, which updates an earlier report.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 6 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.