TCI Fund Management Ltd

Portfolio Overview

TCI Fund Management Ltd’s 13F filing for the period ending September 30, 2025, reveals a dramatic transformation in the firm’s portfolio structure, characterized by a significant reduction in assets under management and a pivot toward extreme concentration. The total portfolio value plummeted by 57.2%, decreasing from $50.71 billion in the previous quarter to $21.70 billion. This reduction was driven not solely by market performance but by substantial capital distribution...