Chris Hohn - TCI Fund Management 13F Activity & Position Changes (Q1 2025)

As of Mar 31, 2025, the TCI Fund Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2025. 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 2025, the filing reported:

New Buys - None reported

Increases - GE Aerospace, Microsoft Corporation

Reductions - Canadian National Railway Compa, Alphabet Inc., Alphabet Inc., Moody's Corporation, S&P Global Inc., and 1 more

Complete Exits - None reported

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 2025	CNI Canadian National Railway Compa	Canadian National Railway Compa	Sell	-2,794,686	-9.4%	$2.62B	26,899,078
Q1 2025	GE GE Aerospace	GE Aerospace	Buy	+1,571,071	+3.4%	$9.52B	47,570,947
Q1 2025	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-2,651,321	-16.1%	$2.16B	13,855,735
Q1 2025	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-1,942,300	-32.2%	$631.72M	4,085,110
Q1 2025	MCO Moody's Corporation	Moody's Corporation	Sell	-83,662	-0.6%	$6.13B	13,163,107
Q1 2025	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+3,306,244	+23.6%	$6.49B	17,299,881
Q1 2025	SPGI S&P Global Inc.	S&P Global Inc.	Sell	-38,808	-0.4%	$5.26B	10,361,269
Q1 2025	V Visa Inc.	Visa Inc.	Sell	-159,625	-1.0%	$5.83B	16,637,562