TCI Cuts $7.11B of Microsoft, Rotates Into S&P Global and Visa
This is an AI analysis of an interesting pattern in QuantyFight data derived from SEC 13F holdings: TCI Fund Management posts a ~$7.11B cut in MSFT — among the top 13F Q1 dollar losers — while the same book shows material adds in SPGI and V.
What changed in TCI’s Microsoft line
TCI Fund Management Ltd (CIK 1647251) is among the top 13F Q1 dollar losers on QuantyFight’s dollar-decrease leaderboard. MSFT shares moved from 16,781,953 to 2,728,412 (−14,053,541). Dollar move ≈ −$7.11B; disclosed-AUM impact ≈ −12.93%. A smaller cut also shows in CP (~+$0.15B). Remaining MSFT is still on the book (a reduced sleeve after the downshift).
TCI × MSFT — QuantyFight position change
| Field | Prior | Q1 2026 | Change |
|---|---|---|---|
| Shares | 16,781,953 | 2,728,412 | −14,053,541 |
| Dollar move | — | −$7.11B | |
| AUM % impact | — | −12.93% | |
Source: hedge-movement · TCI / MSFT
SPGI and Visa adds in the same quarter
On QuantyFight’s dollar-increase leaderboard, TCI appears with SPGI ~−$0.19B, V ~−$0.51B, MCO ~−$0.55B, and GOOG ~+$0.16B on the same manager’s movers list.
TCI — selected $ prints same quarter
TCI’s disclosed book after the reshuffle
After the Microsoft trim, TCI’s Q1 2026 disclosed U.S. long book on QuantyFight is about $45.2 billion
(table_value_total $45,170,870,798; accession 0001647251-26-000004). Top lines are GE Aerospace, Visa, Moody’s, and S&P Global; Microsoft remains on the book at about $1.01B (2.24%).
TCI’s holdings view on QuantyFight for Q1 2026 remains concentrated in a short list of large names (GE, V, MCO, SPGI, CP, GOOG, with a reduced MSFT sleeve after the cut). Exact filed-value ranks for the full book will be refreshed when the parent supplies tci_q1_hold; the dollar-move figures above are verified.
TCI disclosed long allocation (Q1 2026 — illustrative order)
| # | Ticker | Note | |||
|---|---|---|---|---|---|
| 1 | GE | GE Aerospace | $13.48B | 29.85% | 47,510,431 |
| 2 | V | Visa Inc A | $9.21B | 20.39% | 30,468,133 |
| 3 | MCO | Moodys Corp | $6.25B | 13.84% | 14,334,027 |
| 4 | SPGI | S&P Global Inc | $5.97B | 13.22% | 14,035,310 |
| 5 | CP | Canadian Pacific Kan | $3.66B | 8.10% | 46,521,923 |
| 6 | GOOG | Alphabet Inc C | $2.54B | 5.62% | 8,854,019 |
| 7 | FER | Ferrovial SE | $1.33B | 2.94% | 20,740,214 |
| 8 | CNI | Canadian Natl Ry Co | $1.01B | 2.24% | 9,849,934 |
| 9 | MSFT | Microsoft Corp | $1.01B | 2.24% | 2,728,412 |
| 10 | GOOGL | Alphabet Inc A | $0.71B | 1.56% | 2,457,000 |
Source: quantyfight.com/funds/1647251 · moves verified; full filed-value table pending parent tci_q1_hold refresh · accession 0001647251-26-000004
How to follow TCI on QuantyFight
- Open Hedge movement for TCI’s MSFT cut and SPGI/V adds.
- Review the full book on TCI’s fund page.
- Compare MSFT holder context on MSFT.
- Ask follow-ups in Ask.