TCI Fund Management Ltd
Institutional investor · Portfolio as of Q3 2025
Top Holdings9 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
GENERAL ELECTRIC CO COM STOCK | 47.5M | $14.3B | 27.1% | $90.44 | +224.29% | 11 qtrssince 2023-Q1 | Unchanged 0 |
VISA INC-CLASS A SHARES | 28.1M | $9.6B | 18.2% | $249.91 | +35.52% | 26 qtrssince 2019-Q2 | Increased 88 |
MICROSOFT CORP | 16.6M | $8.6B | 16.3% | $383.85 | +33.81% | 8 qtrssince 2023-Q4 | Decreased 0 |
MOODY'S CORP | 13.3M | $6.3B | 12.0% | $241.29 | +95.77% | 28 qtrssince 2018-Q4 | Increased 65 |
S&P GLOBAL INC | 11.2M | $5.4B | 10.3% | $357.52 | +37.16% | 28 qtrssince 2018-Q4 | Increased 65 |
CANADIAN PACIFIC RAILWAY LTD /CAD/ | 49.9M | $3.7B | 7.0% | $79.09 | -6.22% | 10 qtrssince 2023-Q2 | Decreased 0 |
ALPHABET INC-CL C | 7.6M | $1.9B | 3.5% | $95.07 | +156.86% | 28 qtrssince 2018-Q4 | Decreased 0 |
CANADIAN NATL RAILWAY CO | 18.8M | $1.8B | 3.4% | $86.93 | +7.21% | 28 qtrssince 2018-Q4 | Decreased 0 |
FERROVIAL NV | 19.5M | $1.1B | 2.1% | $37.87 | +49.68% | 6 qtrssince 2024-Q2 | Unchanged 0 |
TCI Fund Management Ltd manages $52.7B across 9 positions as of Q3 2025. Top holdings: GE (27.1%), V (18.2%), MSFT (16.3%). Fund DNA: Concentrated Value. HoldingsIntel Rating: 2/5.0.
Exited 1, increased 3, trimmed 4. Top move: V (INCREASED, conviction 88). Portfolio: $52.7B across 9 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer