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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
+11.53%
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
$29.2B
AUM Growth
-$726M
(-2.4%)
Cap. Flow
-$3.3B
Cap. Flow
% of AUM
-11.3%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
11
New
1
Increased
3
Reduced
3
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Aerospace
GE
|
+$2.19B |
| 2 |
Thermo Fisher Scientific
TMO
|
+$434M |
| 3 |
Moody's
MCO
|
+$350M |
| 4 |
S&P Global
SPGI
|
+$51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$2.99B |
| 2 |
Microsoft
MSFT
|
+$1.78B |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$1.41B |
| 4 |
Visa
V
|
+$144M |
| 5 |
Union Pacific
UNP
|
+$1.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 38.1% |
| 2 | Financials | 36.77% |
| 3 | Technology | 15.1% |
| 4 | Communication Services | 8.38% |
| 5 | Healthcare | 1.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$2.9T
| $4.41B | 15.1% |
15,299,188
-6,969,763
| -31% | -$1.78B |
|
|
2
Visa
V
$701B
| $4.35B | 14.89% |
19,291,821
-645,000
| -3% | -$144M |
|
3
Canadian National Railway
CNI
$78.5B
| $4.33B | 14.83% |
36,699,825
| – | – |
|
4
Canadian Pacific Kansas City
CP
$81B
| $4.3B | 14.72% |
55,860,385
| – | – |
|
|
5
S&P Global
SPGI
$124B
| $3.22B | 11.01% |
9,329,611
+145,038
| +2% | +$51M |
|
|
6
Moody's
MCO
$83.7B
| $3.17B | 10.87% |
10,369,479
+1,157,192
| +13% | +$350M |
|
|
7
GE Aerospace
GE
$364B
| $2.5B | 8.55% |
+32,719,272
| New | +$2.19B |
|
|
8
Alphabet (Google) Class C
GOOG
$4.11T
| $2.45B | 8.38% |
23,528,462
-31,012,228
| -57% | -$2.99B |
|
|
9
Thermo Fisher Scientific
TMO
$214B
| $481M | 1.65% |
834,150
+770,380
| +1,208% | +$434M |
|
|
10
Alphabet (Google) Class A
GOOGL
$4.12T
| – | – |
-15,961,420
| Closed | -$1.41B |
|
|
11
Union Pacific
UNP
$174B
| – | – |
-5,191
| Closed | -$1.07M |
|
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TCI Fund Management's Q1 2023 Portfolio in Review
As of Q1 2023, TCI Fund Management held 11 positions worth $29.2B, down 2.4% from $29.9B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
TCI Fund Management withdrew a net $3.3B in Q1 2023, closing 2 positions and reducing 3 holdings. Its most notable exit was Alphabet (Google) Class A, an estimated $1.41B position sold in full.
By sector, the portfolio is most concentrated in Industrials at 38% of assets, up from 28% a quarter earlier, followed by Financials and Technology.
Against the trend, TCI Fund Management opened a new position in GE Aerospace worth $2.5B.
- TCI Fund Management's largest Q1 2023 buy was GE Aerospace: 32,719,272 shares worth $2.5B.
- TCI Fund Management added most to Thermo Fisher Scientific in Q1 2023, an estimated $434M increase.
- TCI Fund Management's biggest Q1 2023 reduction was Alphabet (Google) Class C, cutting an estimated $2.99B.
- TCI Fund Management fully exited Alphabet (Google) Class A in Q1 2023, selling an estimated $1.41B.
- TCI Fund Management's ten largest holdings make up 100% of its $29.2B portfolio in Q1 2023.
- TCI Fund Management opened 1 new position and closed 2 in Q1 2023.
- TCI Fund Management's portfolio value fell 2.4% quarter-over-quarter to $29.2B.
Based on TCI Fund Management's 13F filing for Q1 2023, filed 15 May 2023.