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

According to the SEC 13F filed on Aug 14, 2026, the TCI Fund Management portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2019. 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