TCI Fund Management

Q3 2016 13F · by Chris Hohn, founder

As of: Sep 30, 2016
Filed: Nov 14, 2016
US stock: $9.0B · prev $7.3B
Positions: 6 · prev 6
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves3 since the prior filing

+5.0 pp in · −0.7 pp out

New 0 0.00 pp
Added 2 +5.05 pp
Trimmed 1 −0.73 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 3 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 2.2% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions100% of US stock

unresolved Yahoo Inc added+5.06 pp added+5.0641.5%
CHTR Charter Comm Inc Del CL A New added−0.01 pp added−0.0136.1%
CMCSA Comcast Corp held held21.5%
OSG Octave Specialty Group, Inc. held held0.4%
AY Atlantica Sustainable Infras trimmed−0.73 pp trimmed−0.730.4%

Positions6 in this filing · 0 exited


unresolvedYahoo Inc	41.47%	86,224,273	$3.7B	added+21%	+5.06 pp	3 q
CHTRCharter Comm Inc Del CL A New	36.07%	11,973,043	$3.2B	added+3%	−0.01 pp	2 q
CMCSAComcast Corp	21.54%	29,092,107	$1.9B	held	—	6 q
OSGOctave Specialty Group, Inc.	0.41%	1,985,785	$37M	held	—	6 q
AYAtlantica Sustainable Infras	0.39%	1,842,903	$35M	trimmed−58%	−0.73 pp	2 q
MCOMoody's Corporation	0.12%	102,239	$11M	held	—	6 q

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001647251-16-000020
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet