Chris Hohn

TCI Fund Management Ltd

as of Sep 30, 2022 · filed Nov 14, 2022 · 45-day reporting lag · historical report

Source filings

13F-HR 0001647251-22-000008

QuarterCompare any two quarters

Portfolio value$28.6B -9.6% vs. previous quarter

Positions90 new · 3 sold

Top 578.5%largest GOOG at 23.0%

Largest moveBXPReduced · -1.6% weight shift

Concentration

How much of the portfolio the biggest positions add up to. Hover the curve, or focus it and use the arrow keys, to inspect each rank.

Longest held

One block per imported quarter, oldest at the left. A full row means held in all of them, not that the position began there.

60%held throughout

GOOG26

CNI26

V26

SPGI26

MCO26

Top 3 moves

BXP−1.6%

CNI+0.8%

CANADIAN PAC RY LTD+0.7%

No new positions and 3 sold; the largest portfolio-weight shift was BXP losing 1.6% of portfolio weight.

Holdings

Reported price is value divided by shares, the manager’s quarter-end mark rather than a traded price.

Sorted by portfolio weight, high to low

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Reported holdings for Q3 2022

GOOGALPHABET INCCommunication ServicesGOOG · GOOGLSupply chain (as of Q2 2026)	23.0%+0.5%	Increased	GOOG52,430,790GOOGL15,961,420	GOOG$96.15GOOGL$95.65	$6.57B
MSFTMICROSOFT CORPInformation Technology	16.2%+0.2%	Increased1.3%	19,877,677	$232.90	$4.63B
CNICANADIAN NATL RAILWAY COIndustrials	13.9%+0.8%	Unchanged	36,699,825	$107.91	$3.96B
Ticker unavailableCANADIAN PAC RY LTDUnclassified	13.0%+0.7%	Unchanged	55,860,385	$66.69	$3.73B
VVISA INC-CLASS A SHARESFinancials	12.4%	Increased0.1%	19,936,821	$177.65	$3.54B
SPGIS&P GLOBAL INCConsumer Discretionary	9.4%	Unchanged	8,768,321	$305.35	$2.68B
MCOMOODY'S CORPConsumer Discretionary	7.0%-0.1%	Unchanged	8,246,207	$243.11	$2.00B
UNPUNION PACIFIC CORPIndustrials	3.8%+0.2%	Increased5.4%	5,534,098	$194.82	$1.08B
BXPBXP INCReal Estate	1.4%-1.6%	Reduced50.6%	5,220,997	$74.97	$391.4M

Chris Hohn

TCI Fund Management Ltd

as of Sep 30, 2022 · filed Nov 14, 2022 · 45-day reporting lag · historical report

GOOGALPHABET INCCommunication ServicesGOOG · GOOGLSupply chain (as of Q2 2026)

23.0%+0.5%

Increased

GOOG52,430,790GOOGL15,961,420

GOOG$96.15GOOGL$95.65

$6.57B

MSFTMICROSOFT CORPInformation Technology

16.2%+0.2%

Increased1.3%

19,877,677

$232.90

$4.63B

CNICANADIAN NATL RAILWAY COIndustrials

13.9%+0.8%

Unchanged

36,699,825

$107.91

$3.96B

Ticker unavailableCANADIAN PAC RY LTDUnclassified

13.0%+0.7%

Unchanged

55,860,385

$66.69

$3.73B

VVISA INC-CLASS A SHARESFinancials

12.4%

Increased0.1%

19,936,821

$177.65

$3.54B

SPGIS&P GLOBAL INCConsumer Discretionary

9.4%

Unchanged

8,768,321

$305.35

$2.68B

MCOMOODY'S CORPConsumer Discretionary

7.0%-0.1%

Unchanged

8,246,207

$243.11

$2.00B

UNPUNION PACIFIC CORPIndustrials

3.8%+0.2%

Increased5.4%

5,534,098

$194.82

$1.08B

BXPBXP INCReal Estate

1.4%-1.6%

Reduced50.6%

5,220,997

$74.97

$391.4M