TCI Fund Management Ltd 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
TCI Fund Management Ltd disclosed 9 US equity positions worth $52.7bn in its Q3 2025 13F filing. The largest position was GE at 27.1% of the reported book, followed by V and MSFT. Against the Q2 2025 filing, it opened 0 new positions, added to 2 and reduced 4 among the top 9 holdings.
What did TCI Fund Management Ltd own in Q3 2025? Top 9 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | GE GE AEROSPACE | Industrials | 27.1% | $14.3bn | 47,510,431 | 0% | held |
| 2 | V VISA INC | Financial Services | 18.2% | $9.6bn | 28,057,351 | 47% | added |
| 3 | MSFT MICROSOFT CORP | Technology | 16.3% | $8.6bn | 16,592,204 | -6% | reduced |
| 4 | MCO MOODYS CORP | Financial Services | 12.0% | $6.3bn | 13,308,479 | 0% | held |
| 5 | SPGI S&P GLOBAL INC | Financial Services | 10.3% | $5.4bn | 11,189,870 | 1% | added |
| 6 | CP CANADIAN PACIFIC KANSAS CITY | Industrials | 7.0% | $3.7bn | 49,865,735 | -6% | reduced |
| 7 | GOOG ALPHABET INC | Communication Services | 3.5% | $1.9bn | 7,596,819 | -41% | reduced |
| 8 | CNI CANADIAN NATL RY CO | Industrials | 3.4% | $1.8bn | 18,767,774 | -18% | reduced |
| 9 | FERROVIAL SE | 2.1% | $1.1bn | 19,470,666 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.