whalepapers
Overview/ TCI Fund Management Ltd/ Q4 2025

TCI Fund Management Ltd

Chris Hohn · As of Q4 2025 · filed Feb 17, 2026

Q4 2025

Holdings

9 positions · Δ vs prior quarter
GE GENERAL ELECTRIC
$14.63B
27.3%
47,510,431 Held
V VISA INC-CLASS A SHARES
$9.72B
18.1%
27,724,233 −333,118 −1.2% Reduced
MSFT MICROSOFT CORP
$8.12B
15.1%
16,781,953 +189,749 +1.1% Added
MCO MOODY'S CORP
$6.80B
12.7%
13,308,479 Held
SPGI S&P GLOBAL INC
$6.16B
11.5%
11,790,310 +600,440 +5.4% Added
CP CANADIAN PACIFIC KANSAS CITY
$3.51B
6.5%
47,654,423 −2,211,312 −4.4% Reduced
GOOG ALPHABET INC-CL C
$2.38B
4.4%
7,596,819 Held
FER FERROVIAL NV
$1.35B
2.5%
20,740,214 +1,269,548 +6.5% Added
CNI CANADIAN NATL RAILWAY CO
$974.1M
1.8%
9,849,934 −8,917,840 −47.5% Reduced

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.