WhaleCreep

TCI Fund Management Ltd 13F holdings, Q1 2021

Hedge fundSEC filingsCompare with another fundHoldings as of 2021-03-31, filed 2021-05-17

TCI Fund Management Ltd disclosed 13 US equity positions worth $34.4bn in its Q1 2021 13F filing. Its largest position is CHTR at 18.4% of the reported book, followed by GOOG and MSFT. Versus Q4 2020 it opened 2 new positions, added to 3, reduced 1 and exited 2.

$34.4bn
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.
18.4%
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.
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 2020: 2 new, 3 added, 1 reduced, 2 exited

13 rows
CHTR CHARTER COMMUNICATIONS INCCommunication Services18.4%$6.3bn10.25m−1.5%reduced
GOOG ALPHABET INCCommunication Services17.7%$6.1bn2.95m0.0%held
MSFT MICROSOFT CORPTechnology14.0%$4.8bn20.48m+43%added
CANADIAN PAC RY LTD no ticker–12.4%$4.3bn11.17m0.0%held
V VISA INCFinancial Services8.6%$3.0bn14.06m0.0%held
CNI CANADIAN NATL RY COIndustrials7.0%$2.4bn20.77m0.0%held
SPGI S&P GLOBAL INCFinancial Services6.0%$2.1bn5.85m+148%added
MCO MOODYS CORPFinancial Services5.7%$2.0bn6.56m+0.1%held
UNP UNION PACIFIC CORPIndustrials3.9%$1.3bn6.02m0.0%held
GOOGL ALPHABET INCCommunication Services3.7%$1.3bn618,0210.0%held
BXP BXP INCReal Estate2.6%$886m8.75m+4.7%added
LRCX LAM RESEARCH CORPTechnology0.03%$10.3m17,300–new
KLAC KLA CORPTechnology0.03%$10.1m30,600–new

Exited since Q4 2020

2 rows
VNO VORNADO RLTY TR0.6%$183m
AMZN AMAZON COM INC0.03%$9.1m

Sector mix

  • Communication Services39.8%
  • Financial Services20.3%
  • Technology14.1%
  • Unclassified12.4%
  • Industrials10.8%
  • Real Estate2.6%

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