WhaleCreep

TCI Fund Management Ltd 13F holdings, Q3 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-09-30, filed 2020-11-16

TCI Fund Management Ltd disclosed 13 US equity positions worth $27.9bn in its Q3 2020 13F filing. Its largest position is CHTR at 23.3% of the reported book, followed by GOOG and CANADIAN PAC RY LTD. Versus Q2 2020 it opened 0 new positions, added to 3, reduced 7 and exited 5.

$27.9bn
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.
23.3%
Largest position
The largest single position as a share of the reported equity book.
97.3%
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 Q2 2020: 0 new, 3 added, 7 reduced, 5 exited

13 rows
CHTR CHARTER COMMUNICATIONS INCCommunication Services23.3%$6.5bn10.41m−0.3%held
GOOG ALPHABET INCCommunication Services15.6%$4.3bn2.95m−1.0%reduced
CANADIAN PAC RY LTD no ticker–12.2%$3.4bn11.17m−0.6%reduced
MSFT MICROSOFT CORPTechnology10.8%$3.0bn14.31m−1.0%reduced
V VISA INCFinancial Services10.1%$2.8bn14.06m+25%added
CNI CANADIAN NATL RY COIndustrials7.9%$2.2bn20.80m−1.0%reduced
MCO MOODYS CORPFinancial Services6.8%$1.9bn6.55m−3.5%reduced
UNP UNION PACIFIC CORPIndustrials4.2%$1.2bn6.02m0.0%held
GOOGL ALPHABET INCCommunication Services3.2%$906m618,0210.0%held
SPGI S&P GLOBAL INCFinancial Services3.1%$852m2.36m−2.6%reduced
BXP BXP INCReal Estate1.5%$417m5.19m+237%added
VNO VORNADO RLTY TRReal Estate1.2%$335m9.93m+137%added
AMZN AMAZON COM INCConsumer Cyclical0.03%$8.8m2,800−51%reduced

Exited since Q2 2020

5 rows
RTX RTX CORPORATION2.8%$712m
UNVREUR UNIVAR SOLUTIONS INC0.8%$213m
MA MASTERCARD INC0.1%$28.8m
ADBE ADOBE INC0.01%$1.5m
ADSK AUTODESK INC0.0%$1.2m

Sector mix

  • Communication Services42.1%
  • Financial Services20.0%
  • Industrials12.2%
  • Unclassified12.2%
  • Technology10.8%
  • Real Estate2.7%
  • Consumer Cyclical0.03%

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