1y return+8.7%S&P 500 +20.9%
3y return+54.5%S&P 500 +68.5%
5y return+53.9%S&P 500 +74.5%
10y return+310.4%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $410 against $357 in the S&P 500.2
Tci Fund Management LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| GEGe Aerospace | $17.7B | 33.6% | |
| VVisa Inc | $10.5B | 19.8% | |
| MCOMoodys Corp | $6.5B | 12.3% | |
| SPGIS&p Global Inc | $5.7B | 10.9% | |
| CPCanadian Pacific Kansas City | $3.9B | 7.4% | −2.6% |
| GOOGAlphabet Inc | $3.5B | 6.7% | +12.3% |
| Ferrovial NvCUSIP N3168P101 | $1.4B | 2.7% | |
| CNICanadian Natl Ry Co | $1.1B | 2.1% | −4.2% |
| GOOGLAlphabet Inc | $878.1M | 1.7% | |
| MLMMartin Marietta Matls Inc | $758.4M | 1.4% | New |
| VMCVulcan Matls Co | $721.9M | 1.4% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $3.5B |
| GEGe Aerospace | March 31, 2023 | +290.9% | $17.7B |
| VVisa Inc | June 30, 2020 | +77.6% | $10.5B |
| Ferrovial NvCUSIP N3168P101 | June 30, 2024 | +76.5% | $1.4B |
| MCOMoodys Corp | June 30, 2020 | +64.9% | $6.5B |
| CNICanadian Natl Ry Co | June 30, 2020 | +34.6% | $1.1B |
| GOOGLAlphabet Inc | March 31, 2026 | +24.3% | $878.1M |
| SPGIS&p Global Inc | June 30, 2020 | +23.6% | $5.7B |
| CPCanadian Pacific Kansas City | June 30, 2023 | +7.3% | $3.9B |
Sold off last quarter
- MSFTMicrosoft Corp was $1.0B
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +15.2% | +14.8% |
| March 31, 2026 | −12.0% | −4.6% |
| December 31, 2025 | +3.0% | +2.4% |
| September 30, 2025 | +4.1% | +7.8% |
| June 30, 2025 | +15.7% | +10.5% |
| March 31, 2025 | +1.2% | −4.6% |
| December 31, 2024 | −3.3% | +2.1% |
| September 30, 2024 | +7.2% | +5.4% |
| June 30, 2024 | −2.0% | +4.0% |
| March 31, 2024 | +10.5% | +10.0% |
| December 31, 2023 | +14.1% | +11.2% |
| September 30, 2023 | −5.3% | −3.6% |
| June 30, 2023 | +10.4% | +8.3% |
| March 31, 2023 | +9.9% | +7.0% |
| December 31, 2022 | +5.8% | +7.1% |
| September 30, 2022 | −9.0% | −5.3% |
| June 30, 2022 | −17.9% | −16.5% |
| March 31, 2022 | −2.4% | −4.9% |
| December 31, 2021 | +5.8% | +10.7% |
| September 30, 2021 | +0.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Tci Fund Management Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1647251&type=13F-HR&dateb=&owner=include&count=40CIK 1647251
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1647251/000164725126000007/Filed August 14, 2026 · accession 0001647251-26-000007