TCI Fund Management

Q1 2017 13F · by Chris Hohn, founder

As of: Mar 31, 2017
Filed: May 15, 2017
US stock: $11.7B · prev $9.5B
Positions: 7 · prev 5
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%

Moves4 since the prior filing

+4.0 pp in · 0.0 pp out

New 2 +0.24 pp
Added 2 +3.80 pp
Trimmed 0 0.00 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 3 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.0% a year

Low
Moderate
High

Top 5 positions100% of US stock

CHTR Charter Comm Inc Del CL A New held held35.5%
unresolved Yahoo Inc held held34.2%
CMCSA Comcast Corp added+3.17 pp added+3.1729.2%
MCO Moody's Corporation added+0.63 pp added+0.630.6%
OSG Octave Specialty Group, Inc. held held0.3%

Positions7 in this filing · 0 exited


CHTRCharter Comm Inc Del CL A New	35.45%	12,679,234	$4.2B	held	—	4 q
unresolvedYahoo Inc	34.18%	86,224,273	$4.0B	held	—	5 q
CMCSAComcast Corp	29.17%	90,848,233	$3.4B	added+27%	+3.17 pp	8 q
MCOMoody's Corporation	0.64%	666,569	$75M	added×63.9	+0.63 pp	8 q
OSGOctave Specialty Group, Inc.	0.32%	1,985,785	$37M	held	—	8 q
SPGIS&P Global Inc.	0.20%	182,929	$24M	new	+0.20 pp	new
TWXTime Warner Inc	0.04%	52,000	$5M	new	+0.04 pp	new

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001647251-17-000007
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet