TCI Fund Management Ltd: S&P GLOBAL INC (SPGI): Quarterly 13F Position History
As of Q1 2026, TCI Fund Management Ltd reported 14,035,310 shares of S&P GLOBAL INC (SPGI), worth $6.0B and representing 13.2% of its 13F equity book. Quarter-over-quarter share count change: + 2,245,000 (+19.0%) . The position first appeared in Q1 2017 and has been disclosed across 37 13F-HR filings in Pactolio's tracked window.
- 14,035,310Shares Held (Latest Filing)
- $6.0BReported Market Value (Latest Filing)
- 13.2%Portfolio Weight (% of 13F Equity Book)
- +2,245,000Quarter-over-Quarter Share Change
- -$191.7MQuarter-over-Quarter Value Change
- 14,035,310Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 37 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 14,035,310 | +2,245,000 | +19.0% | $6.0B | 13.2% | $425.3 |
| Q4 2025 | 11,790,310 | +600,440 | +5.4% | $6.2B | 11.5% | $522.6 |
| Q3 2025 | 11,189,870 | +98,247 | +0.9% | $5.4B | 10.3% | $486.7 |
| Q2 2025 | 11,091,623 | +730,354 | +7.0% | $5.8B | 11.5% | $527.3 |
| Q1 2025 | 10,361,269 | 38,808 | -0.4% | $5.3B | 12.1% | $508.1 |
| Q4 2024 | 10,400,077 | 0 | — | $5.2B | 12.2% | $498.0 |
| Q3 2024 | 10,400,077 | 0 | — | $5.4B | 12.2% | $516.6 |
| Q2 2024 | 10,400,077 | +1,367,466 | +15.1% | $4.6B | 11.3% | $446.0 |
| Q1 2024 | 9,032,611 | 0 | — | $3.8B | 9.7% | $425.4 |
| Q4 2023 | 9,032,611 | 26,000 | -0.3% | $4.0B | 11.1% | $440.5 |
| Q3 2023 | 9,058,611 | 271,000 | -2.9% | $3.3B | 12.0% | $365.4 |
| Q2 2023 | 9,329,611 | 0 | — | $3.7B | 11.1% | $400.9 |
| Q1 2023 | 9,329,611 | +145,038 | +1.6% | $3.2B | 11.0% | $344.8 |
| Q4 2022 | 9,184,573 | +416,252 | +4.7% | $3.1B | 10.3% | $334.9 |
| Q3 2022 | 8,768,321 | 0 | — | $2.7B | 9.4% | $305.4 |
| Q2 2022 | 8,768,321 | +1,945,249 | +28.5% | $3.0B | 9.4% | $337.1 |
| Q1 2022 | 6,823,072 | +3,075,788 | +82.1% | $2.8B | 7.6% | $410.2 |
| Q4 2021 | 3,747,284 | 1,066,154 | -22.1% | $1.8B | 4.0% | $471.9 |
| Q3 2021 | 4,813,438 | 1,040,022 | -17.8% | $2.0B | 4.9% | $424.9 |
| Q2 2021 | 5,853,460 | 0 | — | $2.4B | 6.0% | $410.5 |
| Q1 2021 | 5,853,460 | +3,491,166 | +147.8% | $2.1B | 6.0% | $352.9 |
| Q4 2020 | 2,362,294 | 0 | — | $776.6M | 2.5% | $328.7 |
| Q3 2020 | 2,362,294 | 62,652 | -2.6% | $851.8M | 3.1% | $360.6 |
| Q2 2020 | 2,424,946 | 0 | — | $799.0M | 3.2% | $329.5 |
| Q1 2020 | 2,424,946 | +442,532 | +22.3% | $594.2M | 2.8% | $245.1 |
| Q4 2019 | 1,982,414 | 0 | — | $541.3M | 2.4% | $273.0 |
| Q3 2019 | 1,982,414 | 0 | — | $485.7M | 2.5% | $245.0 |
| Q2 2019 | 1,982,414 | 0 | — | $451.6M | 2.4% | $227.8 |
| Q1 2019 | 1,982,414 | 58,540 | -2.9% | $417.4M | 2.7% | $210.5 |
| Q4 2018 | 2,040,954 | +1,596,335 | +359.0% | $346.8M | 1.7% | $169.9 |
| Q3 2018 | 444,619 | 0 | — | $86.9M | 0.5% | $195.4 |
| Q2 2018 | 444,619 | 0 | — | $90.7M | 0.4% | $203.9 |
| Q1 2018 | 444,619 | +28,000 | +6.7% | $84.9M | 0.5% | $191.1 |
| Q4 2017 | 416,619 | 0 | — | $70.6M | 0.4% | $169.4 |
| Q3 2017 | 416,619 | 74,110 | -15.1% | $65.1M | 0.5% | $156.3 |
| Q2 2017 | 490,729 | +307,800 | +168.3% | $71.6M | 0.5% | $146.0 |
| Q1 2017 | 182,929 | — | — | $23.9M | 0.2% | $130.7 |
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 SPGI position in 13F-HR filings?
TCI Fund Management Ltd first reported S&P GLOBAL INC (SPGI) on its 13F-HR filing for the period ending 2017-03-31 (Q1 2017). The position has appeared on 37 reported quarters within Pactolio's tracked window.
What was TCI Fund Management Ltd's most recent quarter-over-quarter share-count change in SPGI?
Between Q4 2025 and Q1 2026, TCI Fund Management Ltd added 2,245,000 shares of SPGI (+19.0%), bringing the total reported position to 14,035,310 shares at a market value of $6.0B.
Does the implied price-per-share represent TCI Fund Management Ltd's cost basis in SPGI?
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.