13F filing recap · Q1 2023

What did TCI Fund Management buy in Q1 2023?

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

Stock value

$29.20B

Positions

Estimated turnover

34.3%

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

GEGeneral Electric Company$2.50Breported value+26.11M shares

Increased positions

SPGIS&P Global Inc.$3.22Breported value+145.0K shares+1.6%MCOMoody’s Corporation$3.17Breported value+1.16M shares+12.6%TMOThermo Fisher Scientific Inc.$480.78Mreported value+770.4K shares+1208.1%

Reduced positions

MSFTMicrosoft Corporation$4.41Breported value-6.97M shares-31.3%VVisa Inc.$4.35Breported value-645.0K shares-3.2%GOOGAlphabet Inc.$2.45Breported value-31.01M shares-56.9%

Exited positions

GOOGLAlphabet Inc.$1.41Bprior reported value-15.96M shares-100.0%UNPUnion Pacific Corp$1.07Mprior reported value-5.2K shares-100.0%