Notable Holders of UNITED STATES CELLULAR CORPORATION (USM)
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* Does Not Fully Represent All Holders
| Fund | Title | Shares | % Owned | Source |
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| DIMENSIONAL FUND ADVISORS LP | COM | 2,320,155 | 4.53% | 13F |
| GAMCO Investors | EQUITY | 1,503,685 | 2.94% | 13F |
| VANGUARD GROUP INC | COM | 1,392,319 | 2.72% | 13F |
| PRIVATE MANAGEMENT GROUP INC | COM | 1,123,955 | 2.20% | 13F |
| GABELLI FUNDS LLC | EQUITY | 730,000 | 1.43% | 13F |
| BlackRock Fund Advisors | COM | 697,281 | 1.36% | 13F |
| EDMOND DE ROTHSCHILD HOLDING S.A. | CORP COM | 645,000 | 1.26% | 13F |
| MILLENNIUM MANAGEMENT LLC | COM | 511,587 | 1.00% | 13F |
| UBS Group AG (CALL) | COM | 471,900 | 0.92% | 13F |
| BlackRock Institutional Trust Company, N.A. | COM | 377,088 | 0.74% | 13F |
| LOOMIS SAYLES & CO L P | COMMON | 359,851 | 0.70% | 13F |
| BRIDGEWAY CAPITAL MANAGEMENT INC | COM | 319,734 | 0.62% | 13F |
| BLACKROCK ADVISORS LLC | COM | 257,619 | 0.50% | 13F |
| Goldman Sachs Asset Management, L.P. | CMN | 238,320 | 0.47% | 13F |
| ARROWSTREET CAPITAL LIMITED PARTNERSHIP | COM | 222,598 | 0.43% | 13F |
| AMERIPRISE FINANCIAL INC | COM | 208,542 | 0.41% | 13F |
| Empowered Funds, LLC | COM | 194,334 | 0.38% | 13F |
| EA Series Trust | COM | 194,334 | 0.38% | 13F |
| Colony Capital, Inc. (PUT) | COM | 189,800 | 0.37% | 13F |
| Aperio Group, LLC | COM | 187,900 | 0.37% | 13F |
| FIRST TRUST ADVISORS LP | COM | 175,923 | 0.34% | 13F |
| GEODE CAPITAL MANAGEMENT LLC | COM | 135,622 | 0.26% | 13F |
| DENALI ADVISORS LLC | COM | 132,900 | 0.26% | 13F |
| Lombard Odier Asset Management (USA) Corp | COM | 120,000 | 0.23% | 13F |
| BlackRock Investment Management, LLC | COM | 117,345 | 0.23% | 13F |
| Matarin Capital Management, LLC | COM | 112,233 | 0.22% | 13F |
| STATE STREET CORP | COM | 106,459 | 0.21% | 13F |
| Alaska Retirement Management Board | COM | 94,950 | 0.19% | 13F |
| BARCLAYS PLC | COM | 93,532 | 0.18% | 13F |
| JANE STREET GROUP, LLC | COM | 90,482 | 0.18% | 13F |
| Invesco Ltd. | COM | 88,443 | 0.17% | 13F |
| Russell Investments Group, Ltd. | Common Stock | 81,522 | 0.16% | 13F |
| D. E. Shaw & Co., INC. | COM | 79,069 | 0.15% | 13F |
| Cubist Systematic Strategies, LLC | COM | 75,883 | 0.15% | 13F |
| SCHWAB CHARLES INVESTMENT MANAGEMENT INC | COM | 73,982 | 0.14% | 13F |
| Emerald Acquisition Ltd. | Common Stocks | 73,484 | 0.14% | 13F |
| NORTHERN TRUST CORP | COM | 73,362 | 0.14% | 13F |
| Woodline Partners LP | COM | 72,962 | 0.14% | 13F |
| PARAMETRIC PORTFOLIO ASSOCIATES | Common Stock | 72,092 | 0.14% | 13F |
| BlackRock Group LTD | COM | 70,753 | 0.14% | 13F |
| BALYASNY ASSET MANAGEMENT LLC | COM | 66,643 | 0.13% | 13F |
| Fidelity Investments | COM | 64,290 | 0.13% | 13F |
| Neuburgh Advisers LLC | COM | 57,902 | 0.11% | 13F |
| Ergoteles LLC | COM | 57,000 | 0.11% | 13F |
| AQR CAPITAL MANAGEMENT LLC | COM | 56,696 | 0.11% | 13F |
| SANDELL ASSET MANAGEMENT CORP | COM | 54,026 | 0.11% | 13F |
| NEW YORK STATE COMMON RETIREMENT FUND | Common Stock | 53,919 | 0.11% | 13F |
| Engineers Gate Manager LP | COM | 53,750 | 0.11% | 13F |
| RENAISSANCE TECHNOLOGIES LLC | COM | 48,062 | 0.09% | 13F |
| Flinton Capital Management LLC | COM | 47,684 | 0.09% | 13F |
| VICTORY CAPITAL MANAGEMENT INC | COM | 45,122 | 0.09% | 13F |
| RIVERHEAD CAPITAL MANAGEMENT LLC | COM | 42,600 | 0.08% | 13F |
| Piermont Capital Management LLC | COM | 42,490 | 0.08% | 13F |
| OCCUDO QUANTITATIVE STRATEGIES LP | COM | 39,790 | 0.08% | 13F |
| Tyers Asset Management LLC | COM | 37,466 | 0.07% | 13F |
| PRICE T ROWE ASSOCIATES INC /MD/ | COMM STK | 37,412 | 0.07% | 13F |
| Spot Trading L.L.C (CALL) | COM | 36,700 | 0.07% | 13F |
| TIAA CREF INVESTMENT MANAGEMENT LLC | CS | 35,452 | 0.07% | 13F |
| Swiss National Bank | COM | 33,800 | 0.07% | 13F |
| Crescent Grove Advisors, LLC | COMM | 32,646 | 0.06% | 13F |
| Zebra Capital Management, LLC | COM | 30,770 | 0.06% | 13F |
| Nuveen Asset Management, LLC | COM | 30,602 | 0.06% | 13F |
| Marshall Wace North America, L.P. | COMMON STOCK | 30,368 | 0.06% | 13F |
| WOLVERINE TRADING, LLC (PUT) | COM | 30,200 | 0.06% | 13F |
| Numeric Investors LLC | COM | 30,100 | 0.06% | 13F |
| TCW GROUP INC | COM | 28,362 | 0.06% | 13F |
| PDT Partners, LLC | COM | 28,036 | 0.05% | 13F |
| JACOBS LEVY EQUITY MANAGEMENT INC | COM | 27,296 | 0.05% | 13F |
| Glen Harbor Capital Management LLC | COM | 27,248 | 0.05% | 13F |
| MACKENZIE FINANCIAL CORP | COM | 26,291 | 0.05% | 13F |
| HSBC HOLDINGS PLC | COM | 26,224 | 0.05% | 13F |
| Trexquant Investment LP | COM | 25,723 | 0.05% | 13F |
| GTS SECURITIES LLC (PUT) | COM | 25,400 | 0.05% | 13F |
| NOMURA HOLDINGS INC (CALL) | COM | 25,000 | 0.05% | 13F |
| Sterling Capital Management LLC | COM | 24,296 | 0.05% | 13F |
| GREAT WEST LIFE ASSURANCE CO /CAN/ | COM | 22,132 | 0.04% | 13F |
| TEACHER RETIREMENT SYSTEM OF TEXAS | COM | 21,460 | 0.04% | 13F |
| CREDIT SUISSE AG/ | COM | 20,974 | 0.04% | 13F |
| Winton Capital Group Ltd | COM | 20,693 | 0.04% | 13F |
| NEW YORK LIFE INVESTMENT MANAGEMENT LLC | COM | 19,881 | 0.04% | 13F |
| Walleye Trading LLC | COM | 19,753 | 0.04% | 13F |
| BNP PARIBAS ARBITRAGE, SA | Equity | 17,968 | 0.04% | 13F |
| CAXTON ASSOCIATES LP | COM | 17,066 | 0.03% | 13F |
| TEACHERS ADVISORS INC | CS | 16,826 | 0.03% | 13F |
| Allspring Global Investments Holdings, LLC | COM | 16,006 | 0.03% | 13F |
| PRINCIPAL FINANCIAL GROUP INC | COM | 15,709 | 0.03% | 13F |
| Walleye Trading Advisors, LLC | COM | 14,329 | 0.03% | 13F |
| ACADIAN ASSET MANAGEMENT LLC | COM | 14,041 | 0.03% | 13F |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | COMMON STOCK | 13,646 | 0.03% | 13F |
| Corton Capital Inc. | COM | 11,904 | 0.02% | 13F |
| TUDOR INVESTMENT CORP ET AL | Equity | 10,769 | 0.02% | 13F |
| NISA INVESTMENT ADVISORS L L C | COM | 9,710 | 0.02% | 13F |
| LEGAL & GENERAL GROUP PLC | COM | 9,260 | 0.02% | 13F |
| QS Investors, LLC | COM | 9,220 | 0.02% | 13F |
| Alpine Group USVI, LLC | COM | 7,000 | 0.01% | 13F |
| HENDERSON GROUP PLC | COM | 6,412 | 0.01% | 13F |
| FRANKLIN RESOURCES INC | COM | 6,227 | 0.01% | 13F |
| BlackRock Japan Co. Ltd | COM | 6,168 | 0.01% | 13F |
| ANALYTIC INVESTORS INC/CA | COM | 5,777 | 0.01% | 13F |
| Graham Capital Management, L.P. | COM | 5,317 | 0.01% | 13F |
