TCI Fund Management Limited
TCI Fund Management Limited is an exempt reporting adviser based in London, United Kingdom that reports managing 1 hedge fund on Form ADV. Its private funds, of all types, hold $77.7 billion in gross assets. Its disclosed U.S. stock holdings returned an estimated +1.4% 2026 YTD through Jun 30 (S&P 500: +9.5%), based on 13F filings. Over a longer period they returned an estimated +32.0% from Q3 2024 to Q2 2026, compared with +37.2% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- —Form ADV Item 5.F
- Gross assets of private funds
- $77.7 billionAll private fund types, Form ADV
- Hedge funds managed
- 16 private funds in total
- Employees
- —Form ADV Item 5.A
- Registration
- Exempt reporting adviserCRD 269954
- Latest Form ADV
- 06/29/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q2 2026 | +15.2% | +14.8% |
| Q1 2026 | -12.0% | -4.6% |
| Q4 2025 | +3.0% | +2.4% |
| Q3 2025 | +4.1% | +7.8% |
| Q2 2025 | +15.7% | +10.4% |
| Q1 2025 | +1.3% | -4.5% |
| Q4 2024 | -3.4% | +2.1% |
| Q3 2024 | +7.2% | +5.4% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- Ge Aerospace Com New$17.7 billion
- Visa Inc CL A$10.5 billion
- Moodys Corp$6.5 billion
- S&P Global Inc$5.7 billion
- Canadien Pacifique Kansas City$3.9 billion
- Alphabet, Inc Non-voting Class$3.5 billion
- Ferrovial SE$1.4 billion
- Canadian Natl RY Co$1.1 billion
- Alphabet, Inc Voting Class$878.1 million
- Martin Marietta Matls Inc$758.4 million
As of 2026-06-30, from 13F filing by TCI Fund Management LTD.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. HedgeMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures