WhaleCreep

TCI Fund Management Ltd 13F holdings, Q1 2019

Hedge fundSEC filingsCompare with another fundHoldings as of 2019-03-31, filed 2019-05-15

TCI Fund Management Ltd disclosed 13 US equity positions worth $15.3bn in its Q1 2019 13F filing. Its largest position is CHTR at 22.4% of the reported book, followed by GOOG and MSFT. Versus Q4 2018 it opened 4 new positions, added to 3, reduced 5 and exited 3.

$15.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
13
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
22.4%
Largest position
The largest single position as a share of the reported equity book.
97.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
7
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 Q4 2018: 4 new, 3 added, 5 reduced, 3 exited

13 rows
CHTR CHARTER COMMUNICATIONS INCCommunication Services22.4%$3.4bn9.88m−16%reduced
GOOG ALPHABET INCCommunication Services18.3%$2.8bn2.39m−14%reduced
MSFT MICROSOFT CORPTechnology13.5%$2.1bn17.49m−20%reduced
CANADIAN PAC RY LTD no ticker–13.2%$2.0bn9.82m+25%added
UNP UNION PACIFIC CORPIndustrials8.4%$1.3bn7.68m−0.2%held
CNI CANADIAN NATL RY COIndustrials7.5%$1.2bn12.86m+20%added
MCO MOODYS CORPFinancial Services7.1%$1.1bn6.02m+0.7%added
SPGI S&P GLOBAL INCFinancial Services2.7%$417m1.98m−2.9%reduced
FOXA FOX CORPCommunication Services2.7%$406m11.05m–new
GOOGL ALPHABET INCCommunication Services1.5%$230m195,681−55%reduced
EFX EQUIFAX INCIndustrials1.3%$194m1.63m–new
FOX FOX CORPCommunication Services0.8%$126m3.52m–new
UNVREUR UNIVAR SOLUTIONS INC–0.5%$80.2m3.62m–new

Exited since Q4 2018

3 rows
TWENTY FIRST CENTY FOX INC no ticker27.6%$5.5bn
TWENTY FIRST CENTY FOX INC no ticker5.3%$1.1bn
LIBERTY MEDIA CORP DEL no ticker0.4%$74.5m

Sector mix

  • Communication Services45.7%
  • Industrials17.2%
  • Unclassified13.8%
  • Technology13.5%
  • Financial Services9.9%

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