# TCI Fund Management portfolio: Q2 2026 13F holdings

Chris Hohn’s TCI Fund Management: $53bn in 10 US holdings at Q2 2026, with buys and sells. Top: GE Aerospace, Visa, Moody's, S&P Global, Alphabet.

In Q2 2026, TCI Fund Management held 10 US-listed stocks worth $53bn. Its biggest move was cutting GE Aerospace (0% fewer shares, now 34%), followed by adding to S&P Global (0% more shares, now 11%). It started 2 new positions and sold out of 1. Its largest holding is GE Aerospace at 34%.

13F for the quarter ending 2026-06-30, filed 2026-08-14 ([filing](https://www.sec.gov/Archives/edgar/data/1647251/000164725126000007/0001647251-26-000007-index.htm)). $53bn in US-listed holdings.

## 13F holdings

| Company | Value | Portfolio | Change | Q1 2026 |
| --- | --- | --- | --- | --- |
| GE Aerospace (GE) | $18bn | 33.6% | Trimmed -0.2% | 29.9% |
| Visa (V) | $10bn | 19.8% | Added +0.1% | 20.4% |
| Moody's (MCO) | $6.5bn | 12.3% | Unchanged | 13.8% |
| S&P Global (SPGI) | $5.7bn | 10.9% | Added +0.3% | 13.2% |
| Alphabet (GOOG) | $4.4bn | 8.3% | Added +9.6% | 7.2% |
| Canadian Pacific Kansas City (CP) | $3.9bn | 7.4% | Trimmed -2.6% | 8.1% |
| Ferrovial (FER) | $1.4bn | 2.7% | Added +1.0% | 2.9% |
| Canadian National Railway (CNI) | $1.1bn | 2.1% | Trimmed -4.2% | 2.2% |
| Martin Marietta Materials Ord (MLM) | $758m | 1.4% | New | – |
| Vulcan Materials Ord (VMC) | $722m | 1.4% | New | – |
| Microsoft (MSFT) | – | – | Sold out | 2.2% |

Source: SEC filings, via moatshark (https://www.moatshark.com/m/tci-fund-management). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.