TCI Fund Management Ltd

Form 13F · CIK 1647251. Holdings on 30 Jun 2026, as filed with the SEC on 14 Aug 2026, each set beside the March 2026 quarter. The 13F on the SEC's site.

TCI Fund Management Ltd reported 11 positions worth $52.8B for the June 2026 quarter, on a Form 13F filed 14 Aug 2026; the largest holding was General Electric Co., at 33.6% of the fund.

What it bought and sold

The largest moves since the March 2026 quarter, by the dollars that moved: 2 opened, 3 added, 3 trimmed, 1 sold out.

New position: 2

Company	Value	Change in shares
Martin Marietta Materials Inc. (MLM)	$758.4M	+1,315,109
Vulcan Materials Co. (VMC)	$721.9M	+2,447,004

Added: 3

Company	Value	Change in shares
Alphabet Inc. (GOOG)	$3.5B	+1,084,800
S&P Global Inc. (SPGI)	$5.7B	+46,647
Ferrovial SE (FER)	$1.4B	+200,227

Trimmed: 3

Company	Value	Change in shares
General Electric Co. (GE)	$17.7B	-82,198
Canadian Pacific Kansas City Ltd. (CP)	$3.9B	-1,196,197
Canadian Natl Ry Co. (CNI)	$1.1B	-416,512

Sold out: 1

Company	Value a quarter before	Change in shares
Microsoft Corp. (MSFT)	$1.0B	-2,728,412

Largest holdings

Every holding, by value.

Company	Value	Of the fund	Shares	Change in shares	Move
General Electric Co. (GE)	$17.7B	33.59%	47,428,233	-82,198	Trimmed
Visa Inc. (V)	$10.5B	19.83%	30,494,133	+26,000	Held
Moody's Corp. (MCO)	$6.5B	12.30%	14,334,027	0	Held
S&P Global Inc. (SPGI)	$5.7B	10.87%	14,081,957	+46,647	Added
Canadian Pacific Kansas City Ltd. (CP)	$3.9B	7.44%	45,325,726	-1,196,197	Trimmed
Alphabet Inc. (GOOG)	$3.5B	6.66%	9,938,819	+1,084,800	Added
Ferrovial SE (FER)	$1.4B	2.72%	20,940,441	+200,227	Added
Canadian Natl Ry Co. (CNI)	$1.1B	2.13%	9,433,422	-416,512	Trimmed
Alphabet Inc. (GOOGL)	$878.1M	1.66%	2,457,000	0	Held
Martin Marietta Materials Inc. (MLM)	$758.4M	1.44%	1,315,109	+1,315,109	New position
Vulcan Materials Co. (VMC)	$721.9M	1.37%	2,447,004	+2,447,004	New position

Every quarter it filed

What the fund reported and how many positions it held, each quarter since September 2024.

Quarter	Reported value	Positions
June 2026 quarter	$52.8B	11
March 2026 quarter	$45.2B	10
December 2025 quarter	$53.6B	9
September 2025 quarter	$52.7B	9
June 2025 quarter	$50.7B	10
March 2025 quarter	$43.4B	10
December 2024 quarter	$42.4B	10
September 2024 quarter	$44.0B	10