TCI Fund Management: 13F holdings, Q2 2026
lch_top20 · SEC EDGAR filings (CIK 0001647251) · Explore on the interactive board
TCI Fund Management disclosed 11 US equity positions worth $52.8bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is GE at 33.6% of the reported book, followed by V, MCO. The top ten holdings are 98.6% of the book, and the portfolio behaves like about 5 equal-weight positions. Versus the prior filing it opened 2 new positions, added to 2, reduced 2 and exited 1.
What does TCI Fund Management own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 2 new, 2 added, 2 reduced, 1 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | GE GE AEROSPACE | Industrials | 33.6% | $17.7bn | 47,428,233 | -0% | held |
| 2 | V VISA INC | Financial Services | 19.8% | $10.5bn | 30,494,133 | 0% | held |
| 3 | MCO MOODYS CORP | Financial Services | 12.3% | $6.5bn | 14,334,027 | 0% | held |
| 4 | SPGI S&P GLOBAL INC | Financial Services | 10.9% | $5.7bn | 14,081,957 | 0% | held |
| 5 | CP CANADIAN PACIFIC KANSAS CITY | Industrials | 7.4% | $3.9bn | 45,325,726 | -3% | reduced |
| 6 | GOOG ALPHABET INC | Communication Services | 6.7% | $3.5bn | 9,938,819 | 12% | added |
| 7 | FERROVIAL NV | 2.7% | $1.4bn | 20,940,441 | 1% | added | |
| 8 | CNI CANADIAN NATL RY CO | Industrials | 2.1% | $1.1bn | 9,433,422 | -4% | reduced |
| 9 | GOOGL ALPHABET INC | Communication Services | 1.7% | $878.1m | 2,457,000 | 0% | held |
| 10 | MLM MARTIN MARIETTA MATLS INC | Basic Materials | 1.4% | $758.4m | 1,315,109 | – | new |
| 11 | VMC VULCAN MATLS CO | Basic Materials | 1.4% | $721.9m | 2,447,004 | – | new |
What did TCI Fund Management sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| MSFT MICROSOFT CORP | 100.0% | $1.0bn |
Sector mix
| Sector | Weight |
|---|---|
| Industrials | 43.2% |
| Financial Services | 43.0% |
| Communication Services | 8.3% |
| Basic Materials | 2.8% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is TCI Fund Management's portfolio?
Across every quarter TCI Fund Management has filed, its median largest position is 31.7% of the book and its median top-ten weight is 99.3%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 1 completed holding spells, the median lasted 1.0 quarters; 11 positions are still open and their final length is unknown.