TCI Fund Management Ltd

Superinvestor

TCI Fund Management

SEC CIK
0001647251
Manager
Chris Hohn
Style
Activist, Quality

Holdings, Q3 2025

Positions as of Sep 30, 2025, filed Nov 14, 2025.SEC

Positions
9
−1 vs. Q2 2025
Total value
$52.7B
+$1.99B (+3.9%) vs. Q2 2025

Compare with Q2 2025: new, added, reduced and sold out

Positions

Long positions only. Changes compare share counts with Q2 2025.

TCI Fund Management Ltd holdings in Q3 2025
SecurityClassSharesValue% of portfolioChange in sharesActionHistory
GEGE AEROSPACE COM NEWStock47,510,431$14.29B27.12%00.0%UnchangedView
VVISA INC COM CL AStock28,057,351$9.58B18.18%+8,989,793+47.1%AddedView
MSFTMICROSOFT CORP COMStock16,592,204$8.59B16.31%−973,027−5.5%ReducedView
MCOMOODYS CORP COMStock13,308,479$6.34B12.03%+61,500+0.5%AddedView
SPGIS&P GLOBAL INC COMStock11,189,870$5.45B10.33%+98,247+0.9%AddedView
CPCANADIAN PACIFIC KANSAS CITYCOM49,865,735$3.71B7.05%−2,961,150−5.6%ReducedView
GOOGALPHABET INC CAP STK CL CStock7,596,819$1.85B3.51%−5,369,416−41.4%ReducedView
CNICANADIAN NATL RY CO COMStock18,767,774$1.77B3.36%−4,221,292−18.4%ReducedView
FERFERROVIAL NVORD SHS19,470,666$1.11B2.11%00.0%UnchangedView

Sold out since Q2 2025 (1)

Positions held at the end of Q2 2025 that are no longer in this filing.

TCI Fund Management Ltd positions sold out since Q2 2025
SecurityClassShares, Q2 2025Value, Q2 2025% of portfolio, Q2 2025
GOOGLALPHABET INC CAP STK CL AStock3,155,110$556.03M1.10%

13F filings by quarter

TCI Fund Management Ltd 13F filings by quarter
QuarterFiledPositionsTotal valueChangesFiling
Q2 2026Aug 14, 202611$52.77Bvs. Q1 2026SEC
Q1 2026May 15, 202610$45.17Bvs. Q4 2025SEC
Q4 2025Feb 17, 20269$53.65Bvs. Q3 2025SEC
Q3 2025Nov 14, 20259$52.7Bvs. Q2 2025SEC
Q2 2025Aug 14, 202510$50.71Bvs. Q1 2025SEC
Q1 2025May 15, 202510$43.37Bvs. Q4 2024SEC
Q4 2024Feb 14, 202510$42.41Bvs. Q3 2024SEC
Q3 2024Nov 14, 202410$44.02Bvs. Q2 2024SEC
Q2 2024Aug 14, 202410$40.92Bvs. Q1 2024SEC
Q1 2024May 15, 202410$39.66Bvs. Q4 2023SEC
Q4 2023Feb 14, 202411$35.97Bvs. Q3 2023SEC
Q3 2023Nov 14, 20239$27.56Bvs. Q2 2023SEC
Q2 2023Aug 14, 202310$33.67Bvs. Q1 2023SEC
Q1 2023May 15, 20239$29.2Bvs. Q4 2022SEC
Q4 2022Feb 14, 202310$29.93Bvs. Q3 2022SEC
Q3 2022Nov 14, 202210$28.58Bvs. Q2 2022SEC
Q2 2022Aug 15, 202213$31.6Bvs. Q1 2022SEC
Q1 2022May 16, 202211$36.84Bvs. Q4 2021SEC
Q4 2021Feb 14, 202213$44.44Bvs. Q3 2021SEC
Q3 2021Nov 15, 202113$41.64Bvs. Q2 2021SEC
Q2 2021Aug 16, 202113$40.1Bvs. Q1 2021SEC
Q1 2021May 17, 202113$34.44B–SEC