Chris Hohn - TCI Fund Management 13F Activity & Position Changes (Q4 2023)

As of Dec 31, 2023, the TCI Fund Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2024. 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 2023, the filing reported:

New Buys - Alphabet Inc., Microsoft Corporation

Increases - Moody's Corporation

Reductions - Canadian National Railway Compa, Canadian Pacific Kansas City Li, Ferguson, S&P Global Inc., Thermo Fisher Scientific Inc

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
Q4 2023	CNI Canadian National Railway Compa	Canadian National Railway Compa	Sell	-816,640	-2.0%	$5.04B	40,072,313
Q4 2023	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Sell	-346,000	-0.6%	$4.39B	55,514,385
Q4 2023	FERG Ferguson	Ferguson	Sell	-53,974	-11.0%	$84.31M	436,695
Q4 2023	GOOGL Alphabet Inc.	Alphabet Inc.	Buy - Position Entry	+157,400	-	$21.99M	157,400
Q4 2023	MCO Moody's Corporation	Moody's Corporation	Buy	+1,678,594	+16.2%	$4.71B	12,049,611
Q4 2023	MSFT Microsoft Corporation	Microsoft Corporation	Buy - Position Entry	+10,638,165	-	$4.00B	10,638,165
Q4 2023	SPGI S&P Global Inc.	S&P Global Inc.	Sell	-26,000	-0.3%	$3.98B	9,032,611
Q4 2023	TMO Thermo Fisher Scientific Inc	Thermo Fisher Scientific Inc	Sell	-46,800	-1.5%	$1.67B	3,146,382