Filed: 11/14/2025ACC: 0001647251-25-000014
📋 What this filing means
TCI FUND MANAGEMENT LTD filed this quarterly 13F‑HR report disclosing 9 equity positions with a total reported market value of $52.70B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
9
Positions
$52.70B
Total AUM (reported)
212.36M
Total Shares
Allocation by class
COM$25.86B49.1%
COM NEW$14.29B27.1%
COM CL A$9.58B18.2%
CAP STK CL C$1.85B3.5%
ORD SHS$1.11B2.1%
Portfolio Concentration
Top 3$32.46B61.6%
4–10$20.24B38.4%
Top 3 weight
61.6%
Top 10 weight
100.0%
Voting Authority Distribution
Total shares with voting rights: 212.36M
Sole
Full voting authority
212.36M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole9
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings9
Rows:
GE AEROSPACE
SOLEShares47.51M
TypeSH
Market value$14.29B
27.12%
Sole
47.51M
Shared
0.00
None
0.00
VISA INC
SOLEShares28.06M
TypeSH
Market value$9.58B
18.18%
Sole
28.06M
Shared
0.00
None
0.00
MICROSOFT CORP
SOLEShares16.59M
TypeSH
Market value$8.59B
16.31%
Sole
16.59M
Shared
0.00
None
0.00
MOODYS CORP
SOLEShares13.31M
TypeSH
Market value$6.34B
12.03%
Sole
13.31M
Shared
0.00
None
0.00
S&P GLOBAL INC
SOLEShares11.19M
TypeSH
Market value$5.45B
10.33%
Sole
11.19M
Shared
0.00
None
0.00
CANADIAN PACIFIC KANSAS CITY
SOLEShares49.87M
TypeSH
Market value$3.71B
7.05%
Sole
49.87M
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares7.60M
TypeSH
Market value$1.85B
3.51%
Sole
7.60M
Shared
0.00
None
0.00
CANADIAN NATL RY CO
SOLEShares18.77M
TypeSH
Market value$1.77B
3.36%
Sole
18.77M
Shared
0.00
None
0.00
FERROVIAL SE
SOLEShares19.47M
TypeSH
Market value$1.11B
2.11%
Sole
19.47M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
GE AEROSPACESOLE | COM NEW | 47.51M | SH | $14.29B 27.12% | 47.51M | 0.00 | 0.00 |
VISA INCSOLE | COM CL A | 28.06M | SH | $9.58B 18.18% | 28.06M | 0.00 | 0.00 |
MICROSOFT CORPSOLE | COM | 16.59M | SH | $8.59B 16.31% | 16.59M | 0.00 | 0.00 |
MOODYS CORPSOLE | COM | 13.31M | SH | $6.34B 12.03% | 13.31M | 0.00 | 0.00 |
S&P GLOBAL INCSOLE | COM | 11.19M | SH | $5.45B 10.33% | 11.19M | 0.00 | 0.00 |
CANADIAN PACIFIC KANSAS CITYSOLE | COM | 49.87M | SH | $3.71B 7.05% | 49.87M | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 7.60M | SH | $1.85B 3.51% | 7.60M | 0.00 | 0.00 |
CANADIAN NATL RY COSOLE | COM | 18.77M | SH | $1.77B 3.36% | 18.77M | 0.00 | 0.00 |
FERROVIAL SESOLE | ORD SHS | 19.47M | SH | $1.11B 2.11% | 19.47M | 0.00 | 0.00 |