Chris Hohn - TCI Fund Management 13F Activity & Position Changes (Q1 2023)

As of Mar 31, 2023, the TCI Fund Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2023. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2023, the filing reported:

New Buys - GE Aerospace

Increases - Moody's Corporation, S&P Global Inc., Thermo Fisher Scientific Inc

Reductions - Alphabet Inc., Microsoft Corporation, Visa Inc.

Complete Exits - Alphabet Inc., Union Pacific Corporation

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2023	GE GE Aerospace	GE Aerospace	Buy - Position Entry	+26,112,747	-	$2.50B	26,112,747
Q1 2023	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-31,012,228	-56.9%	$2.45B	23,528,462
Q1 2023	GOOGL Alphabet Inc.	Alphabet Inc.	Sell - Position Exit	-15,961,420	-100.0%	$0.00	-
Q1 2023	MCO Moody's Corporation	Moody's Corporation	Buy	+1,157,192	+12.6%	$3.17B	10,369,479
Q1 2023	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-6,969,763	-31.3%	$4.41B	15,299,188
Q1 2023	SPGI S&P Global Inc.	S&P Global Inc.	Buy	+145,038	+1.6%	$3.22B	9,329,611
Q1 2023	TMO Thermo Fisher Scientific Inc	Thermo Fisher Scientific Inc	Buy	+770,380	+1208.1%	$480.78M	834,150
Q1 2023	UNP Union Pacific Corporation	Union Pacific Corporation	Sell - Position Exit	-5,191	-100.0%	$0.00	-
Q1 2023	V Visa Inc.	Visa Inc.	Sell	-645,000	-3.2%	$4.35B	19,291,821