TCI Fund Management Ltd Long-Term Concentrated

Location: London, United Kingdom

CIK: 0001647251 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 14, 2026

Total Value: $52.77B (100.0% shares, 0.0% debt)

Holdings (11)

New Positions (2)

MLM MARTIN MARIETTA MATLS INC 1.4%

Value $758M Shares 1,315,109 Est. Cost — Unrealized —

VMC VULCAN MATLS CO 1.4%

Value $722M Shares 2,447,004 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MLM	MARTIN MARIETTA MATLS INC	1,315,109	$758M	1.4%	—	—	COM	573284106
VMC	VULCAN MATLS CO	2,447,004	$722M	1.4%	—	—	COM	929160109

Increased Positions (1)

GOOG ALPHABET INC 6.7%

Value $3.512B (+38.3%) Shares 9,938,819 (+12.3%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	9,938,819 (+12.3%)	$3.512B (+38.3%)	6.7%	—	—	CAP STK CL C	02079K107

Exited Positions (1)

MSFT MICROSOFT CORP 1.9%

Value $1.01B Shares 2,728,412 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	2,728,412	$1.01B	1.9%	—	—	—	594918104

Decreased Positions (2)

CP CANADIAN PACIFIC KANSAS CITY 7.4%

Value $3.926B (+7.3%) Shares 45,325,726 (-2.6%) Est. Cost — Unrealized —

CNI CANADIAN NATL RY CO 2.1%

Value $1.125B (+11.0%) Shares 9,433,422 (-4.2%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CP	CANADIAN PACIFIC KANSAS CITY	45,325,726 (-2.6%)	$3.926B (+7.3%)	7.4%	—	—	COM	13646K108
CNI	CANADIAN NATL RY CO	9,433,422 (-4.2%)	$1.125B (+11.0%)	2.1%	—	—	COM	136375102

Unchanged Positions (6)

GE GE AEROSPACE 33.6%

Value $17.73B Shares 47,428,233 Est. Cost — Unrealized —

V VISA INC 19.8%

Value $10.46B Shares 30,494,133 Est. Cost — Unrealized —

MCO MOODYS CORP 12.3%

Value $6.492B Shares 14,334,027 Est. Cost — Unrealized —

SPGI S&P GLOBAL INC 10.9%

Value $5.735B Shares 14,081,957 Est. Cost — Unrealized —

GOOGL ALPHABET INC 1.7%

Value $878M Shares 2,457,000 Est. Cost — Unrealized —

FER FERROVIAL NV 2.7%

Value $1.435B Shares 20,940,441 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GE	GE AEROSPACE	47,428,233	$17.73B	33.6%	—	—	COM NEW	369604301
V	VISA INC	30,494,133	$10.46B	19.8%	—	—	COM CL A	92826C839
MCO	MOODYS CORP	14,334,027	$6.492B	12.3%	—	—	COM	615369105
SPGI	S&P GLOBAL INC	14,081,957	$5.735B	10.9%	—	—	COM	78409V104
GOOGL	ALPHABET INC	2,457,000	$878M	1.7%	—	—	CAP STK CL A	02079K305
FER	FERROVIAL NV	20,940,441	$1.435B	2.7%	—	—	ORD SHS	N3168P101