Tci Fund Management LTD

Bought Alphabet, trimmed Canadian Pacific Kansas. Portfolio down 16% to $45.2B.

$45.2B portfolio10 holdingstop 10 = 100%filed 2026-05-15

1GEGe Aerospace29.85%
$13.5B - 47.5M shares-
2VVisa Inc20.39%
$9.2B - 30.5M shares+2.7M
3MCOMoodys Corp13.84%
$6.3B - 14.3M shares+1.0M
4SPGIS&P Global Inc13.22%
$6.0B - 14.0M shares+2.2M
5CPCanadian Pacific Kansas Ci8.10%
$3.7B - 46.5M shares-1.1M
6GOOGAlphabet Inc5.62%
$2.5B - 8.9M shares+1.3M
7Ferrovial Se2.94%
$1.3B - 20.7M shares-
8CNICanadian Natl RY Co2.24%
$1.0B - 9.8M shares-
9MSFTMicrosoft Corp2.24%
$1.0B - 2.7M shares-14.1M
10GOOGLAlphabet Inc1.56%
$706.5M - 2.5M sharesNEW

#	Stock
1	GEGe Aerospace	29.85%	$13.5B	47.5M	-
2	VVisa Inc	20.39%	$9.2B	30.5M	+2.7M
3	MCOMoodys Corp	13.84%	$6.3B	14.3M	+1.0M
4	SPGIS&P Global Inc	13.22%	$6.0B	14.0M	+2.2M
5	CPCanadian Pacific Kansas Ci	8.10%	$3.7B	46.5M	-1.1M
6	GOOGAlphabet Inc	5.62%	$2.5B	8.9M	+1.3M
7	Ferrovial Se	2.94%	$1.3B	20.7M	-
8	CNICanadian Natl RY Co	2.24%	$1.0B	9.8M	-
9	MSFTMicrosoft Corp	2.24%	$1.0B	2.7M	-14.1M
10	GOOGLAlphabet Inc	1.56%	$706.5M	2.5M	NEW

What a 13F does not show

Filed up to 45 days after the quarter ends, so this is Q1 2026, not today. US-listed shares and some options only. No short bets, cash, bonds, or foreign listings.