TCI Fund Management Ltd reported 10 positions worth $51.65B for the quarter ended Jun 30, 2026, up 17.0% on the prior quarter. It opened 2 new positions, added to 4, trimmed 2 and exited 1. Its largest holding is General Electric Co at 34.3% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| MLM Martin Marietta Materials Inc | +1.32M | – | $758.42M | 1.47% |
| VMC Vulcan Materials CO | +2.45M | – | $721.89M | 1.4% |
| GOOG Alphabet Inc. | +1.08M | +12.3% | $383.29M | 6.8% |
| SPGI S&P Global Inc. | +46.6K | +0.3% | $19.00M | 11.1% |
| FER Ferrovial N.V. | +200.2K | +1.0% | $13.72M | 2.78% |
| V Visa Inc. | +26.0K | +0.1% | $8.92M | 20.26% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| MSFT Microsoft Corp | -2.73M | $1.01B | 2.29% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | GE General Electric Co | Industrials | 47.43M | $17.73B | 34.32% | -82.2K | -0.2% | Reduced | 4.56% |
| 2 | V Visa Inc. | Financial Services | 30.49M | $10.46B | 20.26% | +26.0K | +0.1% | Added | 1.77% |
| 3 | MCO Moodys Corp | Financial Services | 14.33M | $6.49B | 12.57% | 0 | 0.0% | Unchanged | 8.23% |
| 4 | SPGI S&P Global Inc. | Financial Services | 14.08M | $5.74B | 11.1% | +46.6K | +0.3% | Added | 4.77% |
| 5 | CP Canadian Pacific Kansas City Ltd | Industrials | 45.33M | $3.93B | 7.6% | -1.20M | -2.6% | Reduced | 5.11% |
| 6 | GOOG Alphabet Inc. | Technology | 9.94M | $3.51B | 6.8% | +1.08M | +12.3% | Added | 0.08% |
| 7 | FER Ferrovial N.V. | Industrials | 20.94M | $1.43B | 2.78% | +200.2K | +1.0% | Added | 2.91% |
| 8 | GOOGL Alphabet Inc. | Technology | 2.46M | $878.06M | 1.7% | 0 | 0.0% | Unchanged | 0.04% |
| 9 | MLM Martin Marietta Materials Inc | Basic Materials | 1.32M | $758.42M | 1.47% | +1.32M | – | New | 2.19% |
| 10 | VMC Vulcan Materials CO | Basic Materials | 2.45M | $721.89M | 1.4% | +2.45M | – | New | 1.89% |
Tip. Select a row to see that position’s full history at TCI Fund Management.
As of its Q2 2026 13F filing, TCI Fund Management Ltd’s five largest positions were General Electric Co (GE) at 34.3%, Visa Inc. (V) at 20.3%, Moodys Corp (MCO) at 12.6%, S&P Global Inc. (SPGI) at 11.1%, Canadian Pacific Kansas City Ltd (CP) at 7.6% of the reported portfolio.
TCI Fund Management Ltd reported a 13F portfolio worth $51.65B across 10 positions for Q2 2026. That is up 17.0% from the previous quarter.
Its largest purchases by value were Martin Marietta Materials Inc ($758.42M), Vulcan Materials CO ($721.89M), Alphabet Inc. ($383.29M). It opened 2 new positions.
Its largest sales by value were Microsoft Corp ($1.01B), Canadian Pacific Kansas City Ltd ($103.61M), General Electric Co ($30.72M). It exited 1 positions entirely.
From the Form 13F-HR reports TCI Fund Management Ltd files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.