13F filing recap · Q2 2020

What did TCI Fund Management buy in Q2 2020?

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

Stock value

$25.21B

Positions

Estimated turnover

15.9%

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

RTXRtx Corporation$711.83Mreported value+11.55M shares VNOVornado Realty Trust$160.07Mreported value+4.19M shares BXPBxp, Inc.$139.20Mreported value+1.54M shares

Increased positions

MSFTMicrosoft Corporation$2.94Breported value+458.7K shares+3.3%CPCanadian Pacific Kansas City Ltd/cn$2.86Breported value+14.0K shares+0.1%VVisa Inc.$2.17Breported value+3.85M shares+52.3%CNICanadian National Railway Company$1.86Breported value+90.5K shares

Reduced positions

GOOGAlphabet Inc.$4.22Breported value-114.7K shares-3.7%MCOMoody’s Corporation$1.87Breported value-19.5K shares-0.3%UNVRUnivar Solutions Inc$212.99Mreported value-3.21M shares-20.3%

Exited positions

RTNRaytheon Company$1.37Bprior reported value-10.43M shares-100.0%ELVElevance Health, Inc.$195.57Mprior reported value-861.4K shares-100.0%LINLinde Plc$28.91Mprior reported value-167.1K shares-100.0%