13F filing recap · Q4 2024

What did TCI Fund Management buy in Q4 2024?

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

Stock value

$42.41B

Positions

Estimated turnover

4.4%

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.

Quarter in review

TCI Fund Management trimmed General Electric and Alphabet slightly, while reducing Canadian National Railway. The fund added to Microsoft and made a modest increase to Ferrovial SE.

Increased positions

MSFTMicrosoft Corporation$5.90Breported value+2.00M shares+16.7%FERFerrovial SE$812.72Mreported value+238.2K shares+1.2%

Reduced positions

GEGeneral Electric Company$7.67Breported value-2.18M shares-4.5%GOOGAlphabet Inc.$3.14Breported value-420.0K shares-2.5%CNICanadian National Railway Company$3.01Breported value-5.74M shares-16.2%