TCI Fund Management Ltd 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
TCI Fund Management Ltd disclosed 9 US equity positions worth $53.6bn in its Q4 2025 13F filing. The largest position was GE at 27.3% of the reported book, followed by V and MSFT. Against the Q3 2025 filing, it opened 0 new positions, added to 3 and reduced 3 among the top 9 holdings.
What did TCI Fund Management Ltd own in Q4 2025? Top 9 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | GE GE AEROSPACE | Industrials | 27.3% | $14.6bn | 47,510,431 | 0% | held |
| 2 | V VISA INC | Financial Services | 18.1% | $9.7bn | 27,724,233 | -1% | reduced |
| 3 | MSFT MICROSOFT CORP | Technology | 15.1% | $8.1bn | 16,781,953 | 1% | added |
| 4 | MCO MOODYS CORP | Financial Services | 12.7% | $6.8bn | 13,308,479 | 0% | held |
| 5 | SPGI S&P GLOBAL INC | Financial Services | 11.5% | $6.2bn | 11,790,310 | 5% | added |
| 6 | CP CANADIAN PACIFIC KANSAS CITY | Industrials | 6.5% | $3.5bn | 47,654,423 | -4% | reduced |
| 7 | GOOG ALPHABET INC | Communication Services | 4.4% | $2.4bn | 7,596,819 | 0% | held |
| 8 | FERROVIAL SE | 2.5% | $1.3bn | 20,740,214 | 7% | added | |
| 9 | CNI CANADIAN NATL RY CO | Industrials | 1.8% | $974.1m | 9,849,934 | -48% | reduced |
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.