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TCI Fund Management Portfolio holdings
AUM
$45.2B
1-Year Est. Return
12.74%
This Fund
S&P 500
This Quarter
Est. Return
+5.18%
1 Year Est. Return
+12.74%
3 Year Est. Return
+72.29%
5 Year Est. Return
+86.18%
10 Year Est. Return
+564.76%
AUM
$19.1B
AUM Growth
-$2.17B
(-10%)
Cap. Flow
-$2.87B
Cap. Flow
% of AUM
-15.01%
Top 10 Holdings %
Top 10 Hldgs %
98.32%
Holding
15
New
3
Increased
4
Reduced
3
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Pacific Kansas City
CP
|
+$520M |
| 2 |
Union Pacific
UNP
|
+$504M |
| 3 |
Norfolk Southern
NSC
|
+$209M |
| 4 |
Canadian National Railway
CNI
|
+$155M |
| 5 |
PG&E
PCG
|
+$62.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$4.18B |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$133M |
| 3 |
Microsoft
MSFT
|
+$64.9M |
| 4 |
Charter Communications
CHTR
|
+$10.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 75.35% |
| 2 | Industrials | 14.17% |
| 3 | Technology | 7.91% |
| 4 | Financials | 2.23% |
| 5 | Utilities | 0.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TFCFA
1
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $5.3B | 27.78% |
114,502,969
| – | – |
|
|
2
Charter Communications
CHTR
$16.7B
| $4.42B | 23.16% |
13,573,841
-34,000
| -0.2% | -$10.4M |
|
|
3
Alphabet (Google) Class C
GOOG
$4.07T
| $3.18B | 16.63% |
53,233,760
-2,219,240
| -4% | -$133M |
|
|
4
Microsoft
MSFT
$2.92T
| $1.51B | 7.91% |
13,212,107
-598,342
| -4% | -$64.9M |
|
|
5
Canadian Pacific Kansas City
CP
$81.4B
| $1.04B | 5.45% |
24,558,465
+13,001,715
| +113% | +$520M |
|
|
TFCF
6
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $1.02B | 5.32% |
22,189,801
| – | – |
|
|
7
Union Pacific
UNP
$175B
| $829M | 4.34% |
5,088,727
+3,345,294
| +192% | +$504M |
|
|
8
Norfolk Southern
NSC
$76.1B
| $677M | 3.55% |
3,753,454
+1,225,366
| +48% | +$209M |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.08T
| $459M | 2.41% |
7,612,000
| – | – |
|
10
Moody's
MCO
$83.9B
| $339M | 1.78% |
2,030,192
+337,569
| +20% | +$59.4M |
|
|
11
Canadian National Railway
CNI
$78.3B
| $159M | 0.83% |
+1,772,000
| New | +$155M |
|
12
S&P Global
SPGI
$125B
| $86.9M | 0.45% |
444,619
| – | – |
|
|
13
PG&E
PCG
$39.2B
| $64.4M | 0.34% |
+1,400,611
| New | +$62.4M |
|
14
Liberty Media Series C
FWONK
$25.4B
| $9.86M | 0.05% |
+274,073
| New | +$9.68M |
|
|
AABA
15
DELISTED
Altaba Inc
AABA
| – | – |
-57,057,273
| Closed | -$4.18B |
|
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TCI Fund Management's Q3 2018 Portfolio in Review
As of Q3 2018, TCI Fund Management held 15 positions worth $19.1B, down 10% from $21.3B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
TCI Fund Management withdrew a net $2.87B in Q3 2018, closing 1 position and reducing 3 holdings. Its most notable exit was Altaba Inc, an estimated $4.18B position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 75% of assets, up from 67% a quarter earlier, followed by Industrials and Technology.
Against the trend, TCI Fund Management opened a new position in Canadian National Railway worth $159M.
- TCI Fund Management's largest Q3 2018 buy was Canadian National Railway: 1,772,000 shares worth $159M.
- TCI Fund Management added most to Canadian Pacific Kansas City in Q3 2018, an estimated $520M increase.
- TCI Fund Management's biggest Q3 2018 reduction was Alphabet (Google) Class C, cutting an estimated $133M.
- TCI Fund Management fully exited Altaba Inc in Q3 2018, selling an estimated $4.18B.
- TCI Fund Management's ten largest holdings make up 98% of its $19.1B portfolio in Q3 2018.
- TCI Fund Management opened 3 new positions and closed 1 in Q3 2018.
- TCI Fund Management's portfolio value fell 10% quarter-over-quarter to $19.1B.
Based on TCI Fund Management's 13F filing for Q3 2018, filed 14 Nov 2018.