2026 Q2 Portfolio Activity
In 2026 Q2, TCI Fund Management Ltd maintained a portfolio of 12 distinct positions. The most significant new addition was MARTIN MARIETTA MATLS INC, now representing 1.44% of the total fund value. They heavily accumulated shares in ALPHABET INC, increasing the position by 12.3%. Conversely, TCI Fund Management Ltd completely exited their position in MICROSOFT CORP.
Position History
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Total Positions
12
Quarter
2026 Q2
Top Holding
GE (33.6%)
Top 10 Concentration
98.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-12 of 12
TCI Fund Management Ltd Full Holdings List — 2026 Q2
| 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 | 33.59% | 29.85% |
#1
Prev: #1
|
6.5 |
—
|
-82,198 | -0.2% |
P
S
|
47,428,233 | $17,725,353,519 |
$91.20
+285.9%
|
2023 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | ||
|
V
VISA INC
|
Financial Services | 19.83% | 20.39% |
#2
Prev: #2
|
6.0 |
—
|
26,000 | 0.1% |
P
S
|
30,494,133 | $10,462,232,091 | 2019 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
MCO
MOODYS CORP
|
Financial Services | 12.30% | 13.84% |
#3
Prev: #3
|
6.0 |
—
|
no change | no change |
P
S
|
14,334,027 | $6,492,167,509 | 2015 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
SPGI
S&P GLOBAL INC
|
Financial Services | 10.87% | 13.22% |
#4
Prev: #4
|
5.0 |
—
|
46,647 | 0.3% |
P
S
|
14,081,957 | $5,735,017,808 | 2017 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
CP
CANADIAN PACIFI...
|
Industrials | 7.44% | 8.10% |
#5
Prev: #5
|
4.0 |
—
|
-1,196,197 | -2.6% |
P
S
|
45,325,726 | $3,925,911,608 | 2018 Q1 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
GOOG
ALPHABET INC
|
Communication Services | 6.65% | 5.62% |
#6
Prev: #6
|
4.7 |
—
|
1,084,800 | 12.3% |
P
S
|
9,938,819 | $3,511,682,917 | 2017 Q3 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
FER
FERROVIAL NV
|
Industrials | 2.72% | 2.94% |
#7
Prev: #7
|
1.6 |
—
|
200,227 | 1.0% |
P
S
|
20,940,441 | $1,434,611,939 | 2024 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
CNI
CANADIAN NATL R...
|
Industrials | 2.13% | 2.24% |
#8
Prev: #8
|
1.4 |
—
|
-416,512 | -4.2% |
P
S
|
9,433,422 | $1,124,534,915 | 2018 Q3 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 1.66% | 1.56% |
#9
1
Prev: #10
|
1.7 |
—
|
no change | no change |
P
S
|
2,457,000 | $878,058,090 | 2017 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
MLM
MARTIN MARIETTA...
|
Basic Materials | 1.44% | — |
#10
Prev: #—
|
4.1 |
—
|
1,315,109 | — |
NEW
|
1,315,109 | $758,423,360 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
VMC
VULCAN MATLS CO
|
Basic Materials | 1.37% | — |
#11
Prev: #—
|
4.0 |
—
|
2,447,004 | — |
NEW
|
2,447,004 | $721,890,650 | 2026 Q2 | 13F Filing | 2026-06-30 | 2026-08-14 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 0.00% | 2.24% |
Sold All 😨
(Was: #9) |
0.0 |
—
|
-2,728,412 | -100.0% |
CLOSED
|
— | $— | 2017 Q4 | 13F Filing | 2026-06-30 | 2026-08-14 |
Showing 1-12 of 12 holdings