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Investors/ TCI Fund Management Ltd/ Q3 2025

TCI Fund Management Ltd

Chris Hohn · As of Q3 2025 · filed Nov 14, 2025

GE GENERAL ELECTRIC
27.1%
Held 47,510,431 $14.29B
V VISA INC-CLASS A SHARES
18.2%
Added +47.1% 28,057,351 $9.58B
MSFT MICROSOFT CORP
16.3%
Reduced −5.5% 16,592,204 $8.59B
MCO MOODY'S CORP
12.0%
Added +0.5% 13,308,479 $6.34B
SPGI S&P GLOBAL INC
10.3%
Added +0.9% 11,189,870 $5.45B
CP CANADIAN PACIFIC KANSAS CITY
7.0%
Reduced −5.6% 49,865,735 $3.71B
GOOG ALPHABET INC-CL C
3.5%
Reduced −41.4% 7,596,819 $1.85B
CNI CANADIAN NATL RAILWAY CO
3.4%
Reduced −18.4% 18,767,774 $1.77B
FER FERROVIAL NV
2.1%
Held 19,470,666 $1.11B

Sold positions

1 closed in Q3 2025 · shares & value as of prior filing
Holding Shares sold Prior value
GOOGL ALPHABET INC-CL A
3,155,110 $556.0M

Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.