TCI Fund Management Ltd — CANADIAN PACIFIC KANSAS CITY CP: Quarterly 13F Position History
TCI Fund Management Ltd has reported CANADIAN PACIFIC KANSAS CITY (CP) on 12 13F-HR filings in Pactolio's tracked window, first appearing in Q2 2023. As of Q1 2026, the position is sized at 46,521,923 shares ($3.66B market value, 8.10% of the equity book). Quarter-over-quarter share count change: 1,132,500 (-2.4%) .
- 46,521,923Shares Held (Latest Filing)
- $3.66BReported Market Value (Latest Filing)
- 8.10%Portfolio Weight (% of 13F Equity Book)
- 1,132,500Quarter-over-Quarter Share Change
- +$151.0MQuarter-over-Quarter Value Change
- 55,860,385Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 12 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 46,521,923 | 1,132,500 | -2.4% | $3.66B | 8.10% | $78.66 |
| Q4 2025 | 47,654,423 | 2,211,312 | -4.4% | $3.51B | 6.54% | $73.63 |
| Q3 2025 | 49,865,735 | 2,961,150 | -5.6% | $3.71B | 7.05% | $74.47 |
| Q2 2025 | 52,826,885 | 2,086,400 | -3.8% | $4.19B | 8.26% | $79.29 |
| Q1 2025 | 54,913,285 | 0 | — | $3.85B | 8.89% | $70.19 |
| Q4 2024 | 54,913,285 | 0 | — | $3.97B | 9.37% | $72.36 |
| Q3 2024 | 54,913,285 | 0 | — | $4.70B | 10.67% | $85.53 |
| Q2 2024 | 54,913,285 | 0 | — | $4.32B | 10.57% | $78.75 |
| Q1 2024 | 54,913,285 | 601,100 | -1.1% | $4.84B | 12.21% | $88.19 |
| Q4 2023 | 55,514,385 | 346,000 | -0.6% | $4.39B | 12.21% | $79.14 |
| Q3 2023 | 55,860,385 | 0 | — | $4.15B | 15.06% | $74.33 |
| Q2 2023 | 55,860,385 | — | — | $4.51B | 13.41% | $80.80 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did TCI Fund Management Ltd first disclose a CP position in 13F-HR filings?
TCI Fund Management Ltd first reported CANADIAN PACIFIC KANSAS CITY (CP) on its 13F-HR filing for the period ending 2023-06-30 (Q2 2023). The position has appeared on 12 reported quarters within Pactolio's tracked window.
What was TCI Fund Management Ltd's most recent quarter-over-quarter share-count change in CP?
Between Q4 2025 and Q1 2026, TCI Fund Management Ltd reduced its CP position by 1,132,500 shares (-2.4%), leaving 46,521,923 shares at a market value of $3.66B.
Does the implied price-per-share represent TCI Fund Management Ltd's cost basis in CP?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.