WhaleCreep

TCI Fund Management Ltd 13F holdings, Q3 2018

Hedge fundSEC filingsCompare with another fundHoldings as of 2018-09-30, filed 2018-11-14

TCI Fund Management Ltd disclosed 14 US equity positions worth $19.1bn in its Q3 2018 13F filing. Its largest position is TWENTY FIRST CENTY FOX INC at 27.8% of the reported book, followed by CHTR and GOOG. Versus Q2 2018 it opened 3 new positions, added to 4, reduced 2 and exited 1.

$19.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
14
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
27.8%
Largest position
The largest single position as a share of the reported equity book.
98.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
6
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 Q2 2018: 3 new, 4 added, 2 reduced, 1 exited

14 rows
TWENTY FIRST CENTY FOX INC no ticker–27.8%$5.3bn114.50m0.0%held
CHTR CHARTER COMMUNICATIONS INCCommunication Services23.2%$4.4bn13.57m−0.2%held
GOOG ALPHABET INCCommunication Services16.6%$3.2bn2.66m−4.0%reduced
MSFT MICROSOFT CORPTechnology7.9%$1.5bn13.21m−4.3%reduced
CANADIAN PAC RY LTD no ticker–5.4%$1.0bn4.91m+113%added
TWENTY FIRST CENTY FOX INC no ticker–5.3%$1.0bn22.19m0.0%held
UNP UNION PACIFIC CORPIndustrials4.3%$829m5.09m+192%added
NSC NORFOLK SOUTHERN CORPIndustrials3.5%$677m3.75m+48%added
GOOGL ALPHABET INCCommunication Services2.4%$459m380,6000.0%held
MCO MOODYS CORPFinancial Services1.8%$339m2.03m+20%added
CNI CANADIAN NATL RY COIndustrials0.8%$159m1.77m–new
SPGI S&P GLOBAL INCFinancial Services0.5%$86.9m444,6190.0%held
PCG PG&E CORPUtilities0.3%$64.4m1.40m–new
LIBERTY MEDIA CORP DEL no ticker–0.05%$9.9m264,987–new

Exited since Q2 2018

1 row
AABAUSD ALTABA INC19.6%$4.2bn

Sector mix

  • Communication Services42.2%
  • Unclassified38.6%
  • Industrials8.7%
  • Technology7.9%
  • Financial Services2.2%
  • Utilities0.3%

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