TCI FUND MANAGEMENT LTD

LONDON, X0 · CIK 1647251 · 13F filing filed 2026-08-14

Exempt reporting adviser since 2015 · other (specify)

Private funds6 (1 hedge) · $77.7bn gross assets
Websitetcifund.com
Form ADV · 2026-06-29SEC adviser record

Legal entityTCI FUND MANAGEMENT LIMITED (GB)

$52.8bn reported value +16.8% vs Q1 2026

11positions

98.6%in top 10

2 new 4 added 3 reduced 1 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	GE AEROSPACE COM NEW GE	GE	47,428,233	$17.7bn33.59%	33.59%	Reduced -82.2k	-82,198 -0.2%
2	VISA INC COM CL A V	V	30,494,133	$10.5bn19.83%	19.83%	Added +26.0k	+26,000 0.1%
3	MOODYS CORP COM MCO	MCO	14,334,027	$6.5bn12.30%	12.30%	Unchanged
4	S&P GLOBAL INC COM SPGI	SPGI	14,081,957	$5.7bn10.87%	10.87%	Added +46.6k	+46,647 0.3%
5	CANADIAN PACIFIC KANSAS CITY COM CP	CP	45,325,726	$3.9bn7.44%	7.44%	Reduced -1.2m	-1,196,197 -2.6%
6	ALPHABET INC CAP STK CL C GOOG	GOOG	9,938,819	$3.5bn6.65%	6.65%	Added +1.1m	+1,084,800 12.2%
7	FERROVIAL SE ORD SHS FER	FER	20,940,441	$1.4bn2.72%	2.72%	Added +200.2k	+200,227 1.0%
8	CANADIAN NATL RY CO COM CNI	CNI	9,433,422	$1.1bn2.13%	2.13%	Reduced -416.5k	-416,512 -4.2%
9	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,457,000	$878.1m1.66%	1.66%	Unchanged
10	MARTIN MARIETTA MATLS INC COM MLM	MLM	1,315,109	$758.4m1.44%	1.44%	New
11	VULCAN MATLS CO COM VMC	VMC	2,447,004	$721.9m1.37%	1.37%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
MICROSOFT CORP MSFT	MSFT	2,728,412	$1.0bn2.7m shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
MOODYS CORP MCO · 13G · filed 2026-05-15	MCO	8.2%≈ $6.5bn		13G	2026-05-15