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TCI Fund Management

TCI Fund Management Portfolio holdings

AUM $45.2B
1-Year Est. Return 12.74%
This Fund
S&P 500
This Quarter Est. Return
-4.79%
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
$27.6B
AUM Growth
-$6.1B
Cap. Flow
-$4.62B
Cap. Flow %
-16.77%
Top 10 Hldgs %
100%
Holding
10
New
–
Increased
1
Reduced
4
Closed
1

Top Buys

Rank Stock Value
1
TMO icon
Thermo Fisher Scientific
TMO
+$10.7M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$4.03B
2
V icon
Visa
V
+$238M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$205M
4
SPGI icon
S&P Global
SPGI
+$107M
5
MCO icon
Moody's
MCO
+$50.8M

Sector Composition

Rank Sector Weight
1 Industrials 48.12%
2 Financials 37.92%
3 Communication Services 8.1%
4 Healthcare 5.86%
5 Technology 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GE icon
1
GE Aerospace
GE
$373B
$4.6B 16.7%
52,187,545
– –
CNI icon
2
Canadian National Railway
CNI
$78.3B
$4.43B 16.06%
40,888,953
– –
CP icon
3
Canadian Pacific Kansas City
CP
$80.9B
$4.15B 15.06%
55,860,385
– –
V icon
4
Visa
V
$701B
$3.86B 14.02%
16,797,187
-988,982
-6% -$238M
SPGI icon
5
S&P Global
SPGI
$123B
$3.31B 12.01%
9,058,611
-271,000
-3% -$107M
MCO icon
6
Moody's
MCO
$83.9B
$3.28B 11.9%
10,371,017
-149,300
-1% -$50.8M
GOOG icon
7
Alphabet (Google) Class C
GOOG
$4.09T
$2.23B 8.1%
16,927,056
-1,575,400
-9% -$205M
TMO icon
8
Thermo Fisher Scientific
TMO
$216B
$1.62B 5.86%
3,193,182
+20,000
+0.6% +$10.7M
FERG icon
9
Ferguson
FERG
$43.7B
$80.3M 0.29%
490,669
– –
MSFT icon
10
Microsoft
MSFT
$2.9T
– –
-11,845,241
Closed -$4.03B

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TCI Fund Management's Q3 2023 Portfolio in Review

As of Q3 2023, TCI Fund Management held 10 positions worth $27.6B, down 18% from $33.7B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

TCI Fund Management withdrew a net $4.62B in Q3 2023, closing 1 position and reducing 4 holdings. Its most notable exit was Microsoft, an estimated $4.03B position sold in full.

By sector, the portfolio is most concentrated in Industrials at 48% of assets, up from 42% a quarter earlier, followed by Financials and Communication Services.

Against the trend, TCI Fund Management added an estimated $10.7M to Thermo Fisher Scientific.

  • TCI Fund Management added most to Thermo Fisher Scientific in Q3 2023, an estimated $10.7M increase.
  • TCI Fund Management's biggest Q3 2023 reduction was Visa, cutting an estimated $238M.
  • TCI Fund Management fully exited Microsoft in Q3 2023, selling an estimated $4.03B.
  • TCI Fund Management's ten largest holdings make up 100% of its $27.6B portfolio in Q3 2023.
  • TCI Fund Management opened 0 new positions and closed 1 in Q3 2023.
  • TCI Fund Management's portfolio value fell 18% quarter-over-quarter to $27.6B.

Based on TCI Fund Management's 13F filing for Q3 2023, filed 14 Nov 2023.