Chris Hohn - TCI Fund Management 13F Activity & Position Changes (Q4 2019)

As of Dec 31, 2019, 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 Q4 2019, the filing reported:

New Buys - Adobe Inc., Northrop Grumman Corporation, Transdigm Group Incorporated

Increases - Canadian National Railway Compa, Union Pacific Corporation

Reductions - Elevance Health, Inc., Alphabet Inc.

Complete Exits - Equifax, Inc.

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
Q4 2019	ADBE Adobe Inc.	Adobe Inc.	Buy - Position Entry	+3,430	-	$1.13K	3,430
Q4 2019	CNI Canadian National Railway Compa	Canadian National Railway Compa	Buy	+1,378,200	+7.2%	$1.85M	20,480,913
Q4 2019	EFX Equifax, Inc.	Equifax, Inc.	Sell - Position Exit	-780,639	-100.0%	$0.00	-
Q4 2019	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-80,427	-2.0%	$1.21M	4,000,170
Q4 2019	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-426,948	-12.0%	$4.17M	3,119,688
Q4 2019	NOC Northrop Grumman Corporation	Northrop Grumman Corporation	Buy - Position Entry	+173,700	-	$59.75K	173,700
Q4 2019	TDG Transdigm Group Incorporated	Transdigm Group Incorporated	Buy - Position Entry	+86,480	-	$48.43K	86,480
Q4 2019	UNP Union Pacific Corporation	Union Pacific Corporation	Buy	+130,000	+2.7%	$906.26K	5,012,781