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TCI Fund Management Portfolio holdings
AUM
$52.8B
1-Year Est. Return
12.71%
This Fund
S&P 500
This Quarter
Est. Return
+16.64%
1 Year Est. Return
+12.71%
3 Year Est. Return
+82.91%
5 Year Est. Return
+92.54%
10 Year Est. Return
+623.16%
AUM
$52.8B
AUM Growth
+$7.6B
(+17%)
Cap. Flow
+$711M
Cap. Flow
% of AUM
1.35%
Top 10 Holdings %
Top 10 Hldgs %
98.63%
Holding
12
New
2
Increased
3
Reduced
4
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$780M |
| 2 |
Vulcan Materials
VMC
|
+$701M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$388M |
| 4 |
S&P Global
SPGI
|
+$19.7M |
| 5 |
Visa
V
|
+$8.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.01B |
| 2 |
Canadian Pacific Kansas City
CP
|
+$102M |
| 3 |
Canadian National Railway
CNI
|
+$47.4M |
| 4 |
GE Aerospace
GE
|
+$25.7M |
| 5 |
Ferrovial N.V. Ordinary Shares
FER
|
+$137 |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 45.88% |
| 2 | Financials | 43% |
| 3 | Communication Services | 8.32% |
| 4 | Materials | 2.81% |
| 5 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
GE Aerospace
GE
$355B
| $17.7B | 33.59% |
47,428,233
-82,198
| -0.2% | -$25.7M |
|
|
2
Visa
V
$712B
| $10.5B | 19.83% |
30,494,133
+26,000
| +0.1% | +$8.35M |
|
3
Moody's
MCO
$89.2B
| $6.49B | 12.3% |
14,334,027
| – | – |
|
|
4
S&P Global
SPGI
$131B
| $5.74B | 10.87% |
14,081,957
+46,647
| +0.3% | +$19.7M |
|
|
5
Canadian Pacific Kansas City
CP
$82.7B
| $3.93B | 7.44% |
45,325,726
-1,196,197
| -3% | -$102M |
|
|
6
Alphabet (Google) Class C
GOOG
$4.19T
| $3.51B | 6.65% |
9,938,819
+1,084,800
| +12% | +$388M |
|
|
7
Ferrovial N.V. Ordinary Shares
FER
$42.3B
| $1.43B | 2.72% |
20,940,441
-2
| -0% | -$137 |
|
|
8
Canadian National Railway
CNI
$76.2B
| $1.12B | 2.13% |
9,433,422
-416,512
| -4% | -$47.4M |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.24T
| $878M | 1.66% |
2,457,000
| – | – |
|
|
10
Martin Marietta Materials
MLM
$37.7B
| $758M | 1.44% |
+1,315,109
| New | +$780M |
|
|
11
Vulcan Materials
VMC
$35.6B
| $722M | 1.37% |
+2,447,004
| New | +$701M |
|
|
12
Microsoft
MSFT
$3.81T
| – | – |
-2,728,412
| Closed | -$1.01B |
|
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TCI Fund Management's Q2 2026 Portfolio in Review
As of Q2 2026, TCI Fund Management held 12 positions worth $52.8B, up 17% from $45.2B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
TCI Fund Management's Q2 2026 filing shows 2 new, 3 increased, 4 reduced and 1 closed positions. Its largest new stake was Martin Marietta Materials: 1,315,109 shares worth $758M. The largest sale was Microsoft, an estimated $1.01B.
By sector, the portfolio is most concentrated in Industrials at 46% of assets, up from 43% a quarter earlier, followed by Financials and Communication Services.
- TCI Fund Management's largest Q2 2026 buy was Martin Marietta Materials: 1,315,109 shares worth $758M.
- TCI Fund Management added most to Alphabet (Google) Class C in Q2 2026, an estimated $388M increase.
- TCI Fund Management's biggest Q2 2026 reduction was Canadian Pacific Kansas City, cutting an estimated $102M.
- TCI Fund Management fully exited Microsoft in Q2 2026, selling an estimated $1.01B.
- TCI Fund Management's ten largest holdings make up 99% of its $52.8B portfolio in Q2 2026.
- TCI Fund Management opened 2 new positions and closed 1 in Q2 2026.
- TCI Fund Management's portfolio value rose 17% quarter-over-quarter to $52.8B.
Based on TCI Fund Management's 13F filing for Q2 2026, filed 14 Aug 2026.