TCI Fund Management Portfolio - Jun 30, 2025

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TCI Fund Management, Chris Hohn, has built a diversified portfolio of 10 publicly traded holdings with a total market value of $50.7B as of Jun 30, 2025. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 24.1% of the total portfolio value. The top 5 holdings account for 79.3% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

10
Total Holdings
$50.7B
Portfolio Value
Jun 30, 2025
Latest Filing
24.1%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in GE AEROSPACE (GE) represents 24.1% of the total portfolio, valued at $12.2B.

Rank Symbol Company Value Portfolio % Change
1 GE GE AEROSPACE $12.2B 24.1% -0.1%
2 MSFT MICROSOFT CORP $8.7B 17.2% +1.5%
3 V VISA INC $6.8B 13.4% +14.6%
4 MCO MOODYS CORP $6.6B 13.1% +0.6%
5 SPGI S&P GLOBAL INC $5.8B 11.5% +7.0%

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 137 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
CNI Canadian National Railway Compa -3,910,012 Jun 30, 2025 SELL
V Visa Inc. +2,429,996 Jun 30, 2025 BUY
CP Canadian Pacific Kansas City Li -2,086,400 Jun 30, 2025 SELL
GOOGL Alphabet Inc. -930,000 Jun 30, 2025 SELL
GOOG Alphabet Inc. -889,500 Jun 30, 2025 SELL
SPGI S&P Global Inc. +730,354 Jun 30, 2025 BUY
MSFT Microsoft Corporation +265,350 Jun 30, 2025 BUY
FER.MC Ferrovial +137,238 Jun 30, 2025 BUY
MCO Moody's Corporation +83,872 Jun 30, 2025 BUY
GE GE Aerospace -60,516 Jun 30, 2025 SELL

Investment Strategy Insights

TCI Fund Management's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in GE AEROSPACE (GE) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a decrease of 0.1% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 137 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Complete Holdings

View all 10 holdings with detailed analysis

Trading Activity

Track all portfolio transactions and position changes

Performance Metrics

Analyze profit, winning trades, and investment returns

Sector Allocation

Analyze portfolio breakdown by sector and industry

TCI Fund Management's portfolio as of Jun 30, 2025 reflects a strategic approach to equity investing with 10 holdings valued at $50.7B. The concentrated position in GE AEROSPACE and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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