TCI Fund Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001647251 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $53.65B (100.0% shares, 0.0% debt)

Holdings (9)

GE GE AEROSPACE 27.3%

Value $14.63B Shares 47,510,431 Est. Cost $82.30 Unrealized +265.5%

V VISA INC 18.1%

Value $9.723B Shares 27,724,233 Est. Cost $256.70 Unrealized +32.6%

MSFT MICROSOFT CORP 15.1%

Value $8.116B Shares 16,781,953 Est. Cost $377.56 Unrealized +32.6%

MCO MOODYS CORP 12.7%

Value $6.799B Shares 13,308,479 Est. Cost $235.53 Unrealized +106.9%

SPGI S&P GLOBAL INC 11.5%

Value $6.161B Shares 11,790,310 Est. Cost $357.47 Unrealized +38.3%

CP CANADIAN PACIFIC KANSAS CITY 6.5%

Value $3.509B Shares 47,654,423 Est. Cost $77.51 Unrealized -5.0%

GOOG ALPHABET INC 4.4%

Value $2.384B Shares 7,596,819 Est. Cost $107.71 Unrealized +165.8%

FER FERROVIAL SE 2.5%

Value $1.348B Shares 20,740,214 Est. Cost $39.22 Unrealized +62.4%

CNI CANADIAN NATL RY CO 1.8%

Value $974M Shares 9,849,934 Est. Cost $89.56 Unrealized +7.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GE	GE AEROSPACE	47,510,431	$14.63B	27.3%	$82.30	+265.5%	COM NEW	369604301
V	VISA INC	27,724,233	$9.723B	18.1%	$256.70	+32.6%	COM CL A	92826C839
MSFT	MICROSOFT CORP	16,781,953	$8.116B	15.1%	$377.56	+32.6%	COM	594918104
MCO	MOODYS CORP	13,308,479	$6.799B	12.7%	$235.53	+106.9%	COM	615369105
SPGI	S&P GLOBAL INC	11,790,310	$6.161B	11.5%	$357.47	+38.3%	COM	78409V104
CP	CANADIAN PACIFIC KANSAS CITY	47,654,423	$3.509B	6.5%	$77.51	-5.0%	COM	13646K108
GOOG	ALPHABET INC	7,596,819	$2.384B	4.4%	$107.71	+165.8%	CAP STK CL C	02079K107
FER	FERROVIAL SE	20,740,214	$1.348B	2.5%	$39.22	+62.4%	ORD SHS	N3168P101
CNI	CANADIAN NATL RY CO	9,849,934	$974M	1.8%	$89.56	+7.4%	COM	136375102