TCI Fund Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001647251 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $52.7B (100.0% shares, 0.0% debt)

Holdings (9)

GE GE AEROSPACE 27.1%

Value $14.29B Shares 47,510,431 Est. Cost $82.30 Unrealized +231.3%

V VISA INC 18.2%

Value $9.578B Shares 28,057,351 Est. Cost $256.70 Unrealized +34.5%

MSFT MICROSOFT CORP 16.3%

Value $8.594B Shares 16,592,204 Est. Cost $376.15 Unrealized +35.2%

MCO MOODYS CORP 12.0%

Value $6.341B Shares 13,308,479 Est. Cost $235.53 Unrealized +113.4%

SPGI S&P GLOBAL INC 10.3%

Value $5.446B Shares 11,189,870 Est. Cost $350.13 Unrealized +52.5%

CP CANADIAN PACIFIC KANSAS CITY 7.0%

Value $3.714B Shares 49,865,735 Est. Cost $77.51 Unrealized -1.6%

GOOG ALPHABET INC 3.5%

Value $1.85B Shares 7,596,819 Est. Cost $107.71 Unrealized +94.9%

CNI CANADIAN NATL RY CO 3.4%

Value $1.77B Shares 18,767,774 Est. Cost $89.56 Unrealized +7.2%

FER FERROVIAL SE 2.1%

Value $1.114B Shares 19,470,666 Est. Cost $37.63 Unrealized +43.2%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GE	GE AEROSPACE	47,510,431	$14.29B	27.1%	$82.30	+231.3%	COM NEW	369604301
V	VISA INC	28,057,351	$9.578B	18.2%	$256.70	+34.5%	COM CL A	92826C839
MSFT	MICROSOFT CORP	16,592,204	$8.594B	16.3%	$376.15	+35.2%	COM	594918104
MCO	MOODYS CORP	13,308,479	$6.341B	12.0%	$235.53	+113.4%	COM	615369105
SPGI	S&P GLOBAL INC	11,189,870	$5.446B	10.3%	$350.13	+52.5%	COM	78409V104
CP	CANADIAN PACIFIC KANSAS CITY	49,865,735	$3.714B	7.0%	$77.51	-1.6%	COM	13646K108
GOOG	ALPHABET INC	7,596,819	$1.85B	3.5%	$107.71	+94.9%	CAP STK CL C	02079K107
CNI	CANADIAN NATL RY CO	18,767,774	$1.77B	3.4%	$89.56	+7.2%	COM	136375102
FER	FERROVIAL SE	19,470,666	$1.114B	2.1%	$37.63	+43.2%	ORD SHS	N3168P101