§ 13F · FUND PROFILE
TCI FUND MANAGEMENT LTD.
AUM · $52.8B (13F)Positions · 11Turnover · 82% · Q2Filed · Aug 14, 2026
CONCENTRATION
99%
Top 10 holdings
NEW BUYS
+2
+$1.5B deployed
EXITS
0
No exits
SECTOR SHIFT
n/a
No prior quarter data
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 14, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | GE | GE AEROSPACE | 47.43M | $17.7B | 33.6% | ±0% |
| 2 | V | VISA INC | 30.49M | $10.5B | 19.8% | ±0% |
| 3 | MCO | MOODYS CORP | 14.33M | $6.5B | 12.3% | ±0% |
| 4 | SPGI | S&P GLOBAL INC | 14.08M | $5.7B | 10.9% | ±0% |
| 5 | CP | CANADIAN PACIFIC KANSAS CITY | 45.33M | $3.9B | 7.4% | −3% |
| 6 | GOOG | ALPHABET INC | 9.94M | $3.5B | 6.7% | +12% |
| 7 | FER | FERROVIAL NV | 20.94M | $1.4B | 2.7% | +1% |
| 8 | CNI | CANADIAN NATL RY CO | 9.43M | $1.1B | 2.1% | −4% |
| 9 | GOOGL | ALPHABET INC | 2.46M | $878M | 1.7% | ±0% |
| 10 | MLM | MARTIN MARIETTA MATLS INC | 1.32M | $758M | 1.4% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Financial Services43.0%
Aerospace & Defense33.6%
Road & Rail9.6%
Media8.3%
Construction5.5%
§ 03 · THE TCI SIGNAL
AC read
TCI FUND MANAGEMENT LTD is a Other fund managing $52.8 billion in assets. The fund runs a focused portfolio of just 11 positions, high concentration in top holdings, with the top 10 positions making up 99% of the portfolio. Trading activity is aggressive at 82% quarterly turnover, with 2 new positions and 0 exits last quarter. Top sector allocations: Financial Services (43%), Aerospace & Defense (34%), Road & Rail (10%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 OF 2 FILINGS MEASURED
Q2 2026
Active book
+2 buys · −0 exits · 7 changed