SEC 13F Intelligence

Managers / Q3 2020 · view latest →

TCI Fund Management Ltd

CIK 0001647251 · 7 CLIFFORD STREET, LONDON, X0, W1S2FT · 02074402330

Reported Value
$27.9B
Q3 2020
Positions
13
Filings on Record
30
2019–present window
Filed
Nov 16, 2020
original filing

Summary

Tci Fund Management Ltd reported $27.9B in U.S.-listed holdings across 13 positions for Q3 2020.

The portfolio is heavily concentrated: CHTR alone accounts for 23.3% of reported value.

Compared with Q2 2020, the fund opened 0 new positions and exited 5.

Portfolio Metrics

Turnover
+3.6%
vs prior filed quarter
Top-10 Concentration
+97.3%
share of reported value
Largest Position
+23.3%
Charter Communications Inc N

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $20.0BQ4 ’18Q1 ’19: $15.3BQ2 ’19: $18.5BQ3 ’19: $19.3BQ4 ’19: $22.6BQ4 ’19Q1 ’20: $21.1BQ2 ’20: $25.2BQ3 ’20: $27.9BQ4 ’20: $30.5BQ4 ’20Q1 ’21: $34.4BQ2 ’21: $40.1BQ3 ’21: $41.6BQ4 ’21: $44.4BQ4 ’21Q1 ’22: $36.8BQ2 ’22: $31.6BQ3 ’22: $28.6BQ4 ’22: $29.9BQ4 ’22Q1 ’23: $29.2BQ2 ’23: $33.7BQ3 ’23: $27.6BQ4 ’23: $36.0BQ4 ’23Q1 ’24: $39.7BQ2 ’24: $40.9BQ3 ’24: $44.0BQ4 ’24: $42.4BQ4 ’24Q1 ’25: $43.4BQ2 ’25: $50.7BQ3 ’25: $52.7BQ4 ’25: $53.6BQ4 ’25Q1 ’26: $45.2Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 85.1%Other: 12.2%REIT: 2.7%
  • Common Stock · 85.1% · $23.7B
  • Other · 12.2% · $3.4B
  • REIT · 2.7% · $751M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BXPBOSTON PROPERTIES INCADDED+3.65M5.19M+$277M$417M
VNOVORNADO RLTY TRADDED+5.74M9.93M+$175M$335M
RTXRAYTHEON TECHNOLOGIES CORPSOLD OUT−11.55M0−$712M$0
UNVREURUNIVAR SOLUTIONS INCSOLD OUT−12.63M0−$213M$0
MAMASTERCARD INCORPORATEDSOLD OUT−97.5K0−$29M$0
ADBEADOBE INCSOLD OUT−3.4K0−$1M$0
ADSKAUTODESK INCSOLD OUT−5.0K0−$1M$0
AMZNAMAZON COM INCTRIMMED−2.9K2.8K−$7M$9M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2020

12 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A23.32%$6.5B10.41M
2GOOGALPHABET INCCAP STK CL C · CAP STK CL A18.82%$5.2B3.57M
3CANADIAN PAC RY LTDCOM12.19%$3.4B11.17M
4MSFTMICROSOFT CORPhistory →COM10.80%$3.0B14.31M
5VVISA INChistory →COM CL A10.08%$2.8B14.06M
6CNRCANADIAN NATL RY COhistory →COM7.94%$2.2B20.80M
7DUTMOODYS CORPhistory →COM6.81%$1.9B6.55M
8UNPUNION PAC CORPhistory →COM4.25%$1.2B6.02M
9SPGIS&P GLOBAL INChistory →COM3.06%$852M2.36M
10BXPBOSTON PROPERTIES INChistory →COM1.49%$417M5.19M
11VNOVORNADO RLTY TRhistory →SH BEN INT1.20%$335M9.93M
12AMZNAMAZON COM INChistory →COM0.03%$9M2.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$45.2B10May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$53.6B9Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$52.7B9Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$50.7B10Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$43.4B10May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$42.4B10Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$44.0B10Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$40.9B10Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$39.7B10May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$36.0B11Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$27.6B9Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$33.7B10Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$29.2B9May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$29.9B10Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$28.6B10Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$31.6B13Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$36.8B11May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$44.4B13Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$41.6B13Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$40.1B13Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$34.4B13May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$30.5B13Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$27.9B13Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$25.2B18Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$21.1B18May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$22.6B17Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$19.3B15Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$18.5B13Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$15.3B13May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$20.0B12Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.