WhaleCreep

TCI Fund Management Ltd 13F holdings, Q4 2017

Hedge fundSEC filingsCompare with another fundHoldings as of 2017-12-31, filed 2018-02-14

TCI Fund Management Ltd disclosed 15 US equity positions worth $16.1bn in its Q4 2017 13F filing. Its largest position is AABAUSD at 37.2% of the reported book, followed by CHTR and CMCSA. Versus Q3 2017 it opened 4 new positions, added to 4, reduced 2 and exited 0.

$16.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
15
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
37.2%
Largest position
The largest single position as a share of the reported equity book.
98.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
4
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 2017: 4 new, 4 added, 2 reduced, 0 exited

15 rows
AABAUSD ALTABA INC–37.2%$6.0bn85.92m0.0%held
CHTR CHARTER COMMUNICATIONS INCCommunication Services20.7%$3.3bn9.93m−15%reduced
CMCSA COMCAST CORP NEWCommunication Services17.6%$2.8bn70.86m−23%reduced
GOOG ALPHABET INCCommunication Services12.4%$2.0bn1.92m+294%added
MSFT MICROSOFT CORPTechnology4.3%$690m8.07m–new
GOOGL ALPHABET INCCommunication Services2.5%$406m385,600–new
TWENTY FIRST CENTY FOX INC no ticker–1.6%$256m7.42m–new
MCO MOODYS CORPFinancial Services1.5%$245m1.66m0.0%held
UNP UNION PACIFIC CORPIndustrials0.5%$86.2m642,700+11%added
NSC NORFOLK SOUTHERN CORPIndustrials0.5%$86.0m593,500+17%added
SPGI S&P GLOBAL INCFinancial Services0.4%$70.6m416,6190.0%held
TWENTY FIRST CENTY FOX INC no ticker–0.2%$39.6m1.16m–new
OSG OCTAVE SPECIALTY GROUP INCFinancial Services0.2%$31.7m1.99m0.0%held
TWXCHF TIME WARNER INC–0.2%$28.9m316,500+55%added
EFX EQUIFAX INCIndustrials0.04%$5.9m50,0000.0%held

Sector mix

  • Communication Services53.2%
  • Unclassified39.2%
  • Technology4.3%
  • Financial Services2.2%
  • Industrials1.1%

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