WhaleCreep

TCI Fund Management Ltd 13F holdings, Q4 2015

Hedge fundSEC filingsCompare with another fundHoldings as of 2015-12-31, filed 2016-02-11

TCI Fund Management Ltd disclosed 7 US equity positions worth $5.0bn in its Q4 2015 13F filing. Its largest position is TIME WARNER CABLE INC at 60.5% of the reported book, followed by CMCSA and MCO. Versus Q3 2015 it opened 1 new position, added to 0, reduced 5 and exited 0.

$5.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
7
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
60.5%
Largest position
The largest single position as a share of the reported equity book.
100%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
2
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
45
Quarters on file since Q2 2015
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2015: 1 new, 0 added, 5 reduced, 0 exited

7 rows
TIME WARNER CABLE INC no ticker–60.5%$3.0bn16.23m−2.2%reduced
CMCSA COMCAST CORP NEWCommunication Services22.8%$1.1bn20.13m−3.6%reduced
MCO MOODYS CORPFinancial Services6.2%$308m3.07m−21%reduced
BIDU BAIDU INCCommunication Services4.4%$220m1.16m−21%reduced
AXP AMERICAN EXPRESS COFinancial Services3.8%$190m2.73m−32%reduced
ABENGOA YIELD PLC no ticker–1.7%$85.3m4.42m–new
OSG OCTAVE SPECIALTY GROUP INCFinancial Services0.6%$28.0m1.99m0.0%held

Sector mix

  • Unclassified62.2%
  • Communication Services27.2%
  • Financial Services10.6%

Book over time

Every quarter on file (45)
QuarterPositionsEquity book
Q2 202611$52.8bn
Q1 202610$45.2bn
Q4 20259$53.6bn
Q3 20259$52.7bn
Q2 202510$50.7bn
Q1 202510$43.4bn
Q4 202410$42.4bn
Q3 202410$44.0bn
Q2 202410$40.9bn
Q1 202410$39.7bn
Q4 202311$36.0bn
Q3 20239$27.6bn
Q2 202310$33.7bn
Q1 20239$29.2bn
Q4 202210$29.9bn
Q3 202210$28.6bn
Q2 202213$31.6bn
Q1 202211$36.8bn
Q4 202113$44.4bn
Q3 202113$41.6bn
Q2 202113$40.1bn
Q1 202113$34.4bn
Q4 202013$30.5bn
Q3 202013$27.9bn
Q2 202018$25.2bn
Q1 202018$21.1bn
Q4 201917$22.6bn
Q3 201915$19.3bn
Q2 201913$18.5bn
Q1 201913$15.3bn
Q4 201812$20.0bn
Q3 201814$19.1bn
Q2 201812$21.3bn
Q1 201815$18.0bn
Q4 201715$16.1bn
Q3 201711$14.5bn
Q2 20179$13.3bn
Q1 20177$11.7bn
Q4 20165$9.5bn
Q3 20166$9.0bn
Q2 20166$7.3bn
Q1 20167$5.4bn
Q4 20157$5.0bn
Q3 20156$5.1bn
Q2 20155$4.3bn

Where TCI Fund Management Ltd was early

5 rows
CHTR CHARTER COMMUNICATIONS INC NQ2 20164 of 26936.1%38.4%24Exited by Q2 2022+139%
NSC NORFOLK SOUTHERN CORPQ2 201717 of 2050.3%3.5%6Exited by Q4 2018+48%
CNI CANADIAN NATL RY COQ3 20189 of 1150.8%16.1%32Held at last filing, Q2 2026+33%
VNO VORNADO RLTY TRQ2 20208 of 1260.6%1.2%3Exited by Q1 2021−2.3%
CP CANADIAN PACIFIC KANSAS CITYQ2 20233 of 14913.4%15.1%13Held at last filing, Q2 2026+7.3%

Concentration and tenure

22.4%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
100%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
3
Median completed holding, quarters