2026 Q1 Portfolio Activity
In 2026 Q1, TCI Fund Management Ltd maintained a portfolio of 10 distinct positions. The most significant new addition was ALPHABET INC, now representing 1.56% of the total fund value. They heavily accumulated shares in VISA INC, increasing the position by 9.9%. The fund also reduced its exposure to MICROSOFT CORP by 83.7%.
Position History
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Total Positions
10
Quarter
2026 Q1
Top Holding
GE (29.8%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-10 of 10
TCI Fund Management Ltd Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
GE
GE AEROSPACE
|
Industrials | 29.85% | 27.28% |
#1
Prev: #1
|
7.0 |
—
|
no change | no change |
P
S
|
47,510,431 | $13,482,035,005 |
$91.31
+254.6%
|
2023 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | ||
|
V
VISA INC
|
Financial Services | 20.39% | 18.12% |
#2
Prev: #2
|
7.5 |
—
|
2,743,900 | 9.9% |
P
S
|
30,468,133 | $9,208,688,518 | 2019 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MCO
MOODYS CORP
|
Financial Services | 13.84% | 12.67% |
#3
1
Prev: #4
|
7.0 |
—
|
1,025,548 | 7.7% |
P
S
|
14,334,027 | $6,253,219,279 | 2015 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SPGI
S&P GLOBAL INC
|
Financial Services | 13.22% | 11.48% |
#4
1
Prev: #5
|
6.5 |
—
|
2,245,000 | 19.0% |
P
S
|
14,035,310 | $5,969,778,755 | 2017 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CP
CANADIAN PACIFI...
|
Industrials | 8.10% | 6.54% |
#5
1
Prev: #6
|
4.2 |
—
|
-1,132,500 | -2.4% |
P
S
|
46,521,923 | $3,659,637,907 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GOOG
ALPHABET INC
|
Communication Services | 5.62% | 4.44% |
#6
1
Prev: #7
|
4.2 |
—
|
1,257,200 | 16.5% |
P
S
|
8,854,019 | $2,539,863,890 | 2017 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FER
FERROVIAL SE
|
Industrials | 2.94% | 2.51% |
#7
1
Prev: #8
|
2.2 |
—
|
no change | no change |
P
S
|
20,740,214 | $1,327,927,999 | 2024 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CNI
CANADIAN NATL R...
|
Industrials | 2.24% | 1.82% |
#8
1
Prev: #9
|
1.9 |
—
|
no change | no change |
P
S
|
9,849,934 | $1,013,208,255 | 2018 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 2.24% | 15.13% |
#9
6
Prev: #3
|
0.9 |
—
|
-14,053,541 | -83.7% |
P
S
|
2,728,412 | $1,009,976,270 | 2017 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 1.56% | — |
#10
Prev: #—
|
4.1 |
—
|
2,457,000 | — |
NEW
|
2,457,000 | $706,534,920 | 2017 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-10 of 10 holdings