TCI Fund Management Ltd — MOODYS CORP MCO: Quarterly 13F Position History
TCI Fund Management Ltd has reported MOODYS CORP (MCO) on 41 13F-HR filings in Pactolio's tracked window, first appearing in Q1 2016. As of Q1 2026, the position is sized at 14,334,027 shares ($6.25B market value, 13.84% of the equity book). Quarter-over-quarter share count change: + 1,025,548 (+7.7%) .
- 14,334,027Shares Held (Latest Filing)
- $6.25BReported Market Value (Latest Filing)
- 13.84%Portfolio Weight (% of 13F Equity Book)
- +1,025,548Quarter-over-Quarter Share Change
- -$545.4MQuarter-over-Quarter Value Change
- 14,334,027Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 41 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 14,334,027 | +1,025,548 | +7.7% | $6.25B | 13.84% | $436.25 |
| Q4 2025 | 13,308,479 | 0 | — | $6.80B | 12.67% | $510.85 |
| Q3 2025 | 13,308,479 | +61,500 | +0.5% | $6.34B | 12.03% | $476.48 |
| Q2 2025 | 13,246,979 | +83,872 | +0.6% | $6.64B | 13.10% | $501.59 |
| Q1 2025 | 13,163,107 | 83,662 | -0.6% | $6.13B | 14.13% | $465.69 |
| Q4 2024 | 13,246,769 | 0 | — | $6.27B | 14.78% | $473.37 |
| Q3 2024 | 13,246,769 | 0 | — | $6.29B | 14.28% | $474.59 |
| Q2 2024 | 13,246,769 | +1,047,858 | +8.6% | $5.58B | 13.63% | $420.93 |
| Q1 2024 | 12,198,911 | +149,300 | +1.2% | $4.79B | 12.09% | $393.03 |
| Q4 2023 | 12,049,611 | +1,678,594 | +16.2% | $4.71B | 13.08% | $390.56 |
| Q3 2023 | 10,371,017 | 149,300 | -1.4% | $3.28B | 11.90% | $316.17 |
| Q2 2023 | 10,520,317 | +150,838 | +1.5% | $3.66B | 10.87% | $347.72 |
| Q1 2023 | 10,369,479 | +1,157,192 | +12.6% | $3.17B | 10.87% | $306.02 |
| Q4 2022 | 9,212,287 | +966,080 | +11.7% | $2.57B | 8.58% | $278.62 |
| Q3 2022 | 8,246,207 | 0 | — | $2.00B | 7.02% | $243.11 |
| Q2 2022 | 8,246,207 | +960,375 | +13.2% | $2.24B | 7.10% | $271.97 |
| Q1 2022 | 7,285,832 | +723,042 | +11.0% | $2.46B | 6.67% | $337.41 |
| Q4 2021 | 6,562,790 | 0 | — | $2.56B | 5.77% | $390.58 |
| Q3 2021 | 6,562,790 | 0 | — | $2.33B | 5.60% | $355.11 |
| Q2 2021 | 6,562,790 | 0 | — | $2.38B | 5.93% | $362.37 |
| Q1 2021 | 6,562,790 | +9,300 | +0.1% | $1.96B | 5.69% | $298.61 |
| Q4 2020 | 6,553,490 | 0 | — | $1.90B | 6.24% | $290.24 |
| Q3 2020 | 6,553,490 | 239,750 | -3.5% | $1.90B | 6.81% | $289.85 |
| Q2 2020 | 6,793,240 | 19,456 | -0.3% | $1.87B | 7.40% | $274.73 |
| Q1 2020 | 6,812,696 | +789,784 | +13.1% | $1.44B | 6.84% | $211.50 |
| Q4 2019 | 6,022,912 | 0 | — | $1.43B | 6.33% | $237.41 |
| Q3 2019 | 6,022,912 | 0 | — | $1.23B | 6.40% | $204.83 |
| Q2 2019 | 6,022,912 | 0 | — | $1.18B | 6.35% | $195.31 |
| Q1 2019 | 6,022,912 | +44,235 | +0.7% | $1.09B | 7.13% | $181.09 |
| Q4 2018 | 5,978,677 | +3,948,485 | +194.5% | $837.3M | 4.19% | $140.04 |
| Q3 2018 | 2,030,192 | +337,569 | +19.9% | $339.4M | 1.78% | $167.20 |
| Q2 2018 | 1,692,623 | 0 | — | $288.7M | 1.36% | $170.56 |
| Q1 2018 | 1,692,623 | +32,500 | +2.0% | $273.0M | 1.52% | $161.30 |
| Q4 2017 | 1,660,123 | 0 | — | $245.1M | 1.52% | $147.61 |
| Q3 2017 | 1,660,123 | +152,184 | +10.1% | $231.1M | 1.60% | $139.21 |
| Q2 2017 | 1,507,939 | +841,370 | +126.2% | $183.5M | 1.38% | $121.68 |
| Q1 2017 | 666,569 | +656,141 | +6292.1% | $74.7M | 0.64% | $112.04 |
| Q4 2016 | 10,428 | 91,811 | -89.8% | $983.0K | 0.01% | $94.27 |
| Q3 2016 | 102,239 | 0 | — | $11.1M | 0.12% | $108.28 |
| Q2 2016 | 102,239 | 0 | — | $9.6M | 0.13% | $93.71 |
| Q1 2016 | 102,239 | — | — | $9.9M | 0.18% | $96.56 |
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 MCO position in 13F-HR filings?
TCI Fund Management Ltd first reported MOODYS CORP (MCO) on its 13F-HR filing for the period ending 2016-03-31 (Q1 2016). The position has appeared on 41 reported quarters within Pactolio's tracked window.
What was TCI Fund Management Ltd's most recent quarter-over-quarter share-count change in MCO?
Between Q4 2025 and Q1 2026, TCI Fund Management Ltd added 1,025,548 shares of MCO (+7.7%), bringing the total reported position to 14,334,027 shares at a market value of $6.25B.
Does the implied price-per-share represent TCI Fund Management Ltd's cost basis in MCO?
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.