WhaleCreep

TCI Fund Management Ltd 13F holdings, Q1 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-03-31, filed 2020-05-15

TCI Fund Management Ltd disclosed 18 US equity positions worth $21.1bn in its Q1 2020 13F filing. Its largest position is CHTR at 21.6% of the reported book, followed by GOOG and CANADIAN PAC RY LTD. Versus Q4 2019 it opened 3 new positions, added to 9, reduced 4 and exited 2.

$21.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
18
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
21.6%
Largest position
The largest single position as a share of the reported equity book.
95.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
8
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 2019: 3 new, 9 added, 4 reduced, 2 exited

18 rows
CHTR CHARTER COMMUNICATIONS INCCommunication Services21.6%$4.6bn10.44m+2.7%added
GOOG ALPHABET INCCommunication Services17.1%$3.6bn3.10m−0.7%reduced
CANADIAN PAC RY LTD no ticker–11.8%$2.5bn11.23m+2.3%added
MSFT MICROSOFT CORPTechnology10.5%$2.2bn14.00m+31%added
CNI CANADIAN NATL RY COIndustrials7.7%$1.6bn20.91m+2.1%added
MCO MOODYS CORPFinancial Services6.8%$1.4bn6.81m+13%added
RTN1USD RAYTHEON CO–6.5%$1.4bn10.43m+53%added
V VISA INCFinancial Services5.6%$1.2bn7.36m+522%added
UNP UNION PACIFIC CORPIndustrials4.0%$847m6.00m+20%added
GOOGL ALPHABET INCCommunication Services3.4%$718m618,0210.0%held
SPGI S&P GLOBAL INCFinancial Services2.8%$594m2.42m+22%added
ELV ELEVANCE HEALTH INCHealthcare0.9%$196m861,377−78%reduced
UNVREUR UNIVAR SOLUTIONS INC–0.8%$170m15.84m−5.0%reduced
LIN LINDE PLCBasic Materials0.1%$28.9m167,130–new
MA MASTERCARD INCFinancial Services0.1%$23.5m97,450–new
AMZN AMAZON COM INCConsumer Cyclical0.05%$11.1m5,700–new
ADBE ADOBE INCTechnology0.01%$1.1m3,4300.0%held
ADSK AUTODESK INCTechnology0.0%$781k5,000−96%reduced

Exited since Q4 2019

2 rows
NOC NORTHROP GRUMMAN CORP0.3%$59.7m
TDG TRANSDIGM GROUP INC0.2%$48.4m

Sector mix

  • Communication Services42.2%
  • Unclassified19.1%
  • Financial Services15.4%
  • Industrials11.8%
  • Technology10.5%
  • Healthcare0.9%
  • Basic Materials0.1%
  • Consumer Cyclical0.05%

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