CIK: 1647251
TCI FUND MANAGEMENT LTD
Address: 7 CLIFFORD STREET, LONDON, X0 W1S2FT
α Alpha 0.88↭ Flow 0.48Mixed Active/Passive
9holdings (Q4 2025)
$53.65B13F reported value
+5 INCREASED-3 DECREASED1 UNCHANGED
Total (Q4 25): $53,648,816,254
Top Holdings by Value
Top 15 Positions ($)
Historical AUM (13F Reported)
$39.66B+$10.45B QoQPortfolio Value History (13F Reported)
Quarterly 13F portfolio value. QoQ change reflects value of disclosed long equity positions (new buys, sells, and price movements combined).
| Quarter | Portfolio Value | QoQ Change | QoQ % |
|---|---|---|---|
| Q4 25 | $53.65B | +$0.95B | +1.8% |
| Q3 25 | $52.70B | +$1.99B | +3.9% |
| Q2 25 | $50.71B | +$7.33B | +16.9% |
| Q1 25 | $43.37B | +$0.96B | +2.3% |
| Q4 24 | $42.41B | $-1.61B | -3.6% |
| Q3 24 | $44.02B | +$3.10B | +7.6% |
| Q2 24 | $40.92B | +$1.27B | +3.2% |
| Q1 24 | $39.66B | +$3.69B | +10.3% |
| Q4 23 | $35.97B | +$8.40B | +30.5% |
| Q3 23 | $27.56B | $-6.10B | -18.1% |
| Q2 23 | $33.67B | +$4.46B | +15.3% |
| Q1 23 | $29.20B | — | — |
QoQ = (quarter 13F value − prior quarter value) ÷ prior quarter value. Includes position changes, new buys, and exits. Not investment advice.
Information for Viewing 13F Reports:
- Name: The name of the company.
- CUSIP: A unique 9-character alphanumeric code that identifies a specific stock or security in the U.S.
- Class: The investment company's series name. A registered investment company may have multiple series, each with a separate securities portfolio.
- Value: The monetary value of the holdings in USD.
- Shares: The number of shares held.
- Share Price: The price of shares at the time of filing.
- Investment: The type of investment.
- % of Portfolio: The percentage that this position represents in the total portfolio.
| Quarter | Period of Report | Holdings | Value | Type | Filling Date | Filling ID |
|---|---|---|---|---|---|---|
| Q4 25 | 31-Dec-2025 | 9 | $53,648,816,254 | 13F-HR | 17-Feb-2026 | 0001647251-26-000002 |
| Q3 25 | 30-Sep-2025 | 9 | $52,699,548,227 | 13F-HR | 14-Nov-2025 | 0001647251-25-000014 |
| Q2 25 | 30-Jun-2025 | 10 | $50,706,910,931 | 13F-HR | 14-Aug-2025 | 0001647251-25-000009 |
| Q1 25 | 31-Mar-2025 | 10 | $43,372,530,344 | 13F-HR | 15-May-2025 | 0001647251-25-000005 |
| Q4 24 | 31-Dec-2024 | 10 | $42,413,899,286 | 13F-HR | 14-Feb-2025 | 0001647251-25-000003 |
| Q3 24 | 30-Sep-2024 | 10 | $44,020,529,632 | 13F-HR | 14-Nov-2024 | 0001647251-24-000011 |
| Q2 24 | 30-Jun-2024 | 10 | $40,924,384,465 | 13F-HR | 14-Aug-2024 | 0001647251-24-000007 |
| Q1 24 | 31-Mar-2024 | 10 | $39,659,032,698 | 13F-HR | 15-May-2024 | 0001647251-24-000004 |
| Q4 23 | 31-Dec-2023 | 11 | $35,967,437,232 | 13F-HR | 14-Feb-2024 | 0001647251-24-000002 |
| Q3 23 | 30-Sep-2023 | 9 | $27,564,603,517 | 13F-HR | 14-Nov-2023 | 0001647251-23-000012 |
| Q2 23 | 30-Jun-2023 | 10 | $33,668,089,780 | 13F-HR | 14-Aug-2023 | 0001647251-23-000010 |
| Q1 23 | 31-Mar-2023 | 9 | $29,203,849,357 | 13F-HR | 15-May-2023 | 0001647251-23-000007 |
| Q4 22 | 31-Dec-2022 | 10 | $29,929,529,746 | 13F-HR | 14-Feb-2023 | 0001647251-23-000005 |
| Q3 22 | 30-Sep-2022 | 10 | $28,576,617,000 | 13F-HR | 14-Nov-2022 | 0001647251-22-000008 |
| Q2 22 | 30-Jun-2022 | 13 | $31,601,403,000 | 13F-HR | 15-Aug-2022 | 0001647251-22-000006 |
| Q1 22 | 31-Mar-2022 | 11 | $36,837,943,000 | 13F-HR | 16-May-2022 | 0001647251-22-000004 |
| Q4 21 | 31-Dec-2021 | 13 | $44,435,858,000 | 13F-HR | 14-Feb-2022 | 0001647251-22-000002 |
| Q3 21 | 30-Sep-2021 | 13 | $41,641,656,000 | 13F-HR | 15-Nov-2021 | 0001647251-21-000010 |
| Q2 21 | 30-Jun-2021 | 13 | $40,095,803,000 | 13F-HR | 16-Aug-2021 | 0001647251-21-000008 |
| Q1 21 | 31-Mar-2021 | 13 | $34,443,673,000 | 13F-HR | 17-May-2021 | 0001647251-21-000005 |
| Q4 20 | 31-Dec-2020 | 13 | $30,471,427,000 | 13F-HR | 16-Feb-2021 | 0001647251-21-000002 |
| Q3 20 | 30-Sep-2020 | 13 | $27,876,834,000 | 13F-HR | 16-Nov-2020 | 0001647251-20-000008 |
| Q2 20 | 30-Jun-2020 | 18 | $25,205,997,000 | 13F-HR | 14-Aug-2020 | 0001647251-20-000006 |
| Q1 20 | 31-Mar-2020 | 18 | $21,058,945,000 | 13F-HR | 15-May-2020 | 0001647251-20-000004 |
| Q4 19 | 31-Dec-2019 | 17 | $22,602,340,000 | 13F-HR | 14-Feb-2020 | 0001647251-20-000002 |
| Q3 19 | 30-Sep-2019 | 15 | $19,271,771,000 | 13F-HR | 14-Nov-2019 | 0001647251-19-000008 |
| Q2 19 | 30-Jun-2019 | 13 | $18,538,398,000 | 13F-HR | 14-Aug-2019 | 0001647251-19-000006 |
| Q1 19 | 31-Mar-2019 | 13 | $15,301,579,000 | 13F-HR | 15-May-2019 | 0001647251-19-000004 |
| Q4 18 | 31-Dec-2018 | 12 | $19,987,266,000 | 13F-HR | 14-Feb-2019 | 0001647251-19-000002 |
| Q3 18 | 30-Sep-2018 | 14 | $19,098,267,000 | 13F-HR | 14-Nov-2018 | 0001647251-18-000008 |
| Q2 18 | 30-Jun-2018 | 12 | $21,266,744,000 | 13F-HR | 14-Aug-2018 | 0001647251-18-000006 |
| Q1 18 | 31-Mar-2018 | 15 | $17,982,676,000 | 13F-HR | 15-May-2018 | 0001647251-18-000004 |
| Q4 17 | 31-Dec-2017 | 15 | $16,128,780,000 | 13F-HR | 14-Feb-2018 | 0001647251-18-000002 |
| Q4 16 | 31-Dec-2016 | 5 | $9,501,208 | 13F-HR | 14-Feb-2017 | 0001647251-17-000004 |
| Q3 16 | 30-Sep-2016 | 6 | $8,961,221 | 13F-HR | 14-Nov-2016 | 0001647251-16-000020 |
| Q2 16 | 30-Jun-2016 | 6 | $7,346,055 | 13F-HR | 15-Aug-2016 | 0001647251-16-000017 |
| Q1 16 | 31-Mar-2016 | 7 | $5,399,205 | 13F-HR | 16-May-2016 | 0001647251-16-000013 |
| Q4 15 | 31-Dec-2015 | 7 | $4,978,747 | 13F-HR | 11-Feb-2016 | 0001647251-16-000011 |