13F filing recap · Q4 2019

What did TCI Fund Management buy in Q4 2019?

Reported stock-position changes between this filing and the previous one.

Stock value

$22.60B

Positions

Estimated turnover

10.7%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

NOCNorthrop Grumman Corp /de/$59.75Mreported value+173.7K shares TDGTransdigm Group Incorporated$48.43Mreported value+86.5K shares ADBEAdobe Inc.$1.13Mreported value+3.4K shares

Increased positions

CPCanadian Pacific Kansas City Ltd/cn$2.80Breported value+170.5K shares+1.6%CNICanadian National Railway Company$1.85Breported value+1.38M shares+7.2%RTNRaytheon Company$1.49Breported value+5.65M shares+482.6%UNPUnion Pacific Corp$906.26Mreported value+130.0K shares

Reduced positions

GOOGAlphabet Inc.$4.17Breported value-426.9K shares-12.0%ELVElevance Health, Inc.$1.21Breported value-80.4K shares-2.0%

Exited positions

EFXEquifax Inc$109.81Mprior reported value-780.6K shares-100.0%