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

As of Mar 31, 2026, the TCI Fund Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 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