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TCI Fund Management (Chris Hohn) 13F holdings — 2026-06-30

Filed by TCI Fund Management Ltd on 2026-08-14 for the quarter ending 2026-06-30, compared with the quarter ending 2026-03-31. Original filing.

11positions

$52.8Breported value

2new positions

1positions sold out

Holdings

Issuer	Class	Shares	Value	% of 13F	Change
GE AEROSPACE	COM NEW	47,428,233	$17.7B	33.59%	No change
VISA INC	COM CL A	30,494,133	$10.5B	19.83%	No change
MOODYS CORP	COM	14,334,027	$6.5B	12.3%	No change
S&P GLOBAL INC	COM	14,081,957	$5.7B	10.87%	No change
CANADIAN PACIFIC KANSAS CITY	COM	45,325,726	$3.9B	7.44%	Reduced 3%
ALPHABET INC	CAP STK CL C	9,938,819	$3.5B	6.65%	Added 12%
FERROVIAL NV	ORD SHS	20,940,441	$1.4B	2.72%	Added 1%
CANADIAN NATL RY CO	COM	9,433,422	$1.1B	2.13%	Reduced 4%
ALPHABET INC	CAP STK CL A	2,457,000	$878.1M	1.66%	No change
MARTIN MARIETTA MATLS INC	COM	1,315,109	$758.4M	1.44%	New position
VULCAN MATLS CO	COM	2,447,004	$721.9M	1.37%	New position

Sold out since prior quarter

Issuer	Shares in prior quarter	Prior value
MICROSOFT CORP	2,728,412	$1.0B

Options (puts/calls) are omitted. Values are as reported by the filer at quarter end. A 13F shows only certain U.S.-listed long positions and may be filed up to 45 days after the quarter ends, so it may not reflect current holdings.