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

According to the SEC 13F filed on May 15, 2025, the TCI Fund Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 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