WhaleCreep

TCI Fund Management Ltd 13F holdings, Q2 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-06-30, filed 2020-08-14

TCI Fund Management Ltd disclosed 18 US equity positions worth $25.2bn in its Q2 2020 13F filing. Its largest position is CHTR at 21.1% of the reported book, followed by GOOG and MSFT. Versus Q1 2020 it opened 3 new positions, added to 2, reduced 2 and exited 3.

$25.2bn
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.
21.1%
Largest position
The largest single position as a share of the reported equity book.
95.0%
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 Q1 2020: 3 new, 2 added, 2 reduced, 3 exited

18 rows
CHTR CHARTER COMMUNICATIONS INCCommunication Services21.1%$5.3bn10.44m0.0%held
GOOG ALPHABET INCCommunication Services16.7%$4.2bn2.98m−3.7%reduced
MSFT MICROSOFT CORPTechnology11.7%$2.9bn14.46m+3.3%added
CANADIAN PAC RY LTD no ticker–11.4%$2.9bn11.24m+0.1%held
V VISA INCFinancial Services8.6%$2.2bn11.22m+52%added
MCO MOODYS CORPFinancial Services7.4%$1.9bn6.79m−0.3%held
CNI CANADIAN NATL RY COIndustrials7.4%$1.9bn21.00m+0.4%held
UNP UNION PACIFIC CORPIndustrials4.0%$1.0bn6.02m+0.2%held
GOOGL ALPHABET INCCommunication Services3.5%$876m618,0210.0%held
SPGI S&P GLOBAL INCFinancial Services3.2%$799m2.42m0.0%held
RTX RTX CORPORATIONIndustrials2.8%$712m11.55m–new
UNVREUR UNIVAR SOLUTIONS INC–0.8%$213m12.63m−20%reduced
VNO VORNADO RLTY TRReal Estate0.6%$160m4.19m–new
BXP BXP INCReal Estate0.6%$139m1.54m–new
MA MASTERCARD INCFinancial Services0.1%$28.8m97,4500.0%held
AMZN AMAZON COM INCConsumer Cyclical0.06%$15.7m5,7000.0%held
ADBE ADOBE INCTechnology0.01%$1.5m3,4300.0%held
ADSK AUTODESK INCTechnology0.0%$1.2m5,0000.0%held

Exited since Q1 2020

3 rows
RTN1USD RAYTHEON CO6.5%$1.4bn
ELV ELEVANCE HEALTH INC0.9%$196m
LIN LINDE PLC0.1%$28.9m

Sector mix

  • Communication Services41.3%
  • Financial Services19.3%
  • Industrials14.2%
  • Unclassified12.2%
  • Technology11.7%
  • Real Estate1.2%
  • Consumer Cyclical0.06%

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