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TCI FUND MANAGEMENT LTD

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13F filer, CIK 1647251, LONDON, United Kingdom

TCI FUND MANAGEMENT LTD reported $52,769,884,406 across 11 holdings for the quarter ended 2026-06-30, in a 13F-HR filed 2026-08-14. Its ten largest share positions make up 98.63% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001647251-26-000007

Period
2026-06-30
Reported value
$52.8B
Holdings
11
Top 10 weight
98.63%
New
2
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MLMnew+1,315,109$758M
VMCnew+2,447,004$722M
GOOGadded+1,084,800$383M
SPGIadded+46,647$19M
FERadded+200,227$13.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
MSFTexited-2,728,412-$1.01B
CPreduced-1,196,197-$104M
CNIreduced-416,512-$49.7M
GEreduced-82,198-$30.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2026

Share positions as resolved from 13F-HR 0001647251-26-000007, largest first. % of portfolio is the value over $52,769,884,406, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 48,180,376 shares; 2024Q4: 45,999,876 shares; 2025Q1: 47,570,947 shares; 2025Q2: 47,510,431 shares; 2025Q3: 47,510,431 shares; 2025Q4: 47,510,431 shares; 2026Q1: 47,510,431 shares; 2026Q2: 47,428,233 shares 47,428,233$17.7B33.59%-82,198Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 16,797,187 shares; 2024Q4: 16,797,187 shares; 2025Q1: 16,637,562 shares; 2025Q2: 19,067,558 shares; 2025Q3: 28,057,351 shares; 2025Q4: 27,724,233 shares; 2026Q1: 30,468,133 shares; 2026Q2: 30,494,133 shares 30,494,133$10.5B19.83%+26,000Timeline
MCOMOODYS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 13,246,769 shares; 2024Q4: 13,246,769 shares; 2025Q1: 13,163,107 shares; 2025Q2: 13,246,979 shares; 2025Q3: 13,308,479 shares; 2025Q4: 13,308,479 shares; 2026Q1: 14,334,027 shares; 2026Q2: 14,334,027 shares 14,334,027$6.49B12.3%0Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 10,400,077 shares; 2024Q4: 10,400,077 shares; 2025Q1: 10,361,269 shares; 2025Q2: 11,091,623 shares; 2025Q3: 11,189,870 shares; 2025Q4: 11,790,310 shares; 2026Q1: 14,035,310 shares; 2026Q2: 14,081,957 shares 14,081,957$5.74B10.87%+46,647Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 54,913,285 shares; 2024Q4: 54,913,285 shares; 2025Q1: 54,913,285 shares; 2025Q2: 52,826,885 shares; 2025Q3: 49,865,735 shares; 2025Q4: 47,654,423 shares; 2026Q1: 46,521,923 shares; 2026Q2: 45,325,726 shares 45,325,726$3.93B7.44%-1,196,197Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 16,927,056 shares; 2024Q4: 16,507,056 shares; 2025Q1: 13,855,735 shares; 2025Q2: 12,966,235 shares; 2025Q3: 7,596,819 shares; 2025Q4: 7,596,819 shares; 2026Q1: 8,854,019 shares; 2026Q2: 9,938,819 shares 9,938,819$3.51B6.65%+1,084,800Timeline
FERFERROVIAL NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 19,095,244 shares; 2024Q4: 19,333,428 shares; 2025Q1: 19,333,428 shares; 2025Q2: 19,470,666 shares; 2025Q3: 19,470,666 shares; 2025Q4: 20,740,214 shares; 2026Q1: 20,740,214 shares; 2026Q2: 20,940,441 shares 20,940,441$1.43B2.72%+200,227Timeline
CNICANADIAN NATL RY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 35,437,277 shares; 2024Q4: 29,693,764 shares; 2025Q1: 26,899,078 shares; 2025Q2: 22,989,066 shares; 2025Q3: 18,767,774 shares; 2025Q4: 9,849,934 shares; 2026Q1: 9,849,934 shares; 2026Q2: 9,433,422 shares 9,433,422$1.12B2.13%-416,512Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 6,027,410 shares; 2024Q4: 6,027,410 shares; 2025Q1: 4,085,110 shares; 2025Q2: 3,155,110 shares; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 2,457,000 shares; 2026Q2: 2,457,000 shares 2,457,000$878M1.66%0Timeline
MLMMARTIN MARIETTA MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 1,315,109 shares 1,315,109$758M1.44%newTimeline
VMCVULCAN MATLS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: not reported; 2026Q2: 2,447,004 shares 2,447,004$722M1.37%newTimeline

Sold out in Q2 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
MSFTMICROSOFT CORP2,728,412$1.01Bshares

How Q2 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001647251-26-000007 base2026-08-14acceptance time not in the bulk data set