Chris Hohn - TCI Fund Management 13F Activity & Position Changes (Q1 2026)

According to the SEC 13F filed on May 15, 2026, the TCI Fund Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2026. 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 2026, the filing reported:

New Buys - Alphabet Inc.

Increases - Alphabet Inc., Moody's Corporation, S&P Global Inc., Visa Inc.

Reductions - Canadian Pacific Kansas City Li, Microsoft Corporation

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 2026	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Sell	-1,132,500	-2.4%	$3.66B	46,521,923
Q1 2026	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+1,257,200	+16.5%	$2.54B	8,854,019
Q1 2026	GOOGL Alphabet Inc.	Alphabet Inc.	Buy - Position Entry	+2,457,000	-	$706.53M	2,457,000
Q1 2026	MCO Moody's Corporation	Moody's Corporation	Buy	+1,025,548	+7.7%	$6.25B	14,334,027
Q1 2026	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-14,053,541	-83.7%	$1.01B	2,728,412
Q1 2026	SPGI S&P Global Inc.	S&P Global Inc.	Buy	+2,245,000	+19.0%	$5.97B	14,035,310
Q1 2026	V Visa Inc.	Visa Inc.	Buy	+2,743,900	+9.9%	$9.21B	30,468,133