Chris Hohn - TCI Fund Management 13F Activity & Position Changes (Q3 2018)

As of Sep 30, 2018, 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 Q3 2018, the filing reported:

New Buys - Canadian National Railway Compa, Liberty Media Corp Formula One Group, Pacific Gas & Electric Co.

Increases - Moody's Corporation, Norfolk Southern Corporation, Union Pacific Corporation

Reductions - Charter Communications, Inc., Alphabet Inc., 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
Q3 2018	CHTR Charter Communications, Inc.	Charter Communications, Inc.	Sell	-34,000	-0.2%	$4.42M	13,573,841
Q3 2018	CNI Canadian National Railway Compa	Canadian National Railway Compa	Buy - Position Entry	+1,772,000	-	$159.09K	1,772,000
Q3 2018	FWONK Liberty Media Corp Formula One Group	Liberty Media Corp Formula One Group	Buy - Position Entry	+264,987	-	$9.86K	264,987
Q3 2018	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-110,962	-4.0%	$3.18M	2,661,688
Q3 2018	MCO Moody's Corporation	Moody's Corporation	Buy	+337,569	+19.9%	$339.45K	2,030,192
Q3 2018	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-598,342	-4.3%	$1.51M	13,212,107
Q3 2018	NSC Norfolk Southern Corporation	Norfolk Southern Corporation	Buy	+1,225,366	+48.5%	$677.50K	3,753,454
Q3 2018	PCG Pacific Gas & Electric Co.	Pacific Gas & Electric Co.	Buy - Position Entry	+1,400,611	-	$64.44K	1,400,611
Q3 2018	UNP Union Pacific Corporation	Union Pacific Corporation	Buy	+3,345,294	+191.9%	$828.60K	5,088,727