Historical Stock Holdings

Chris Hohn - TCI Fund Management

PeriodPortfolio ValueTop 20 holdings history (left to right)
2024   Q3$44 B GE
GE Aerospace
20.64% of portfolio
 		MCO
Moody's Corp.
14.28% of portfolio
 		SPGI
S&P Global Inc.
12.21% of portfolio
 		MSFT
Microsoft Corp.
11.72% of portfolio
 		CP
Canadian Pacific Kansas City
10.67% of portfolio
 		V
Visa Inc.
10.49% of portfolio
 		CNI
Canadian Natl Railway Co.
9.43% of portfolio
 		GOOG
Alphabet Inc. CL C
6.43% of portfolio
 		GOOGL
Alphabet Inc.
2.27% of portfolio
 		FER
Ferrovial Se
1.86% of portfolio
2024   Q2$40.9 B GE
GE Aerospace
18.72% of portfolio
 		MCO
Moody's Corp.
13.63% of portfolio
 		MSFT
Microsoft Corp.
11.50% of portfolio
 		CNI
Canadian Natl Railway Co.
11.40% of portfolio
 		SPGI
S&P Global Inc.
11.33% of portfolio
 		V
Visa Inc.
10.77% of portfolio
 		CP
Canadian Pacific Kansas City
10.57% of portfolio
 		GOOG
Alphabet Inc. CL C
7.59% of portfolio
 		GOOGL
Alphabet Inc.
2.68% of portfolio
 		FER
Ferrovial Se
1.81% of portfolio
2024   Q1$39.7 B GE
GE Aerospace
20.72% of portfolio
 		CNI
Canadian Natl Railway Co.
13.12% of portfolio
 		CP
Canadian Pacific Kansas City
12.21% of portfolio
 		MCO
Moody's Corp.
12.09% of portfolio
 		V
Visa Inc.
11.82% of portfolio
 		MSFT
Microsoft Corp.
11.17% of portfolio
 		SPGI
S&P Global Inc.
9.69% of portfolio
 		GOOG
Alphabet Inc. CL C
6.50% of portfolio
 		TMO
Thermo Fisher Scientific
2.22% of portfolio
 		GOOGL
Alphabet Inc.
0.46% of portfolio
2023   Q4$36 B GE
GE Aerospace
14.78% of portfolio
 		CNI
Canadian Natl Railway Co.
14.01% of portfolio
 		MCO
Moody's Corp.
13.08% of portfolio
 		CP
Canadian Pacific Kansas City
12.21% of portfolio
 		V
Visa Inc.
12.16% of portfolio
 		MSFT
Microsoft Corp.
11.12% of portfolio
 		SPGI
S&P Global Inc.
11.06% of portfolio
 		GOOG
Alphabet Inc. CL C
6.63% of portfolio
 		TMO
Thermo Fisher Scientific
4.64% of portfolio
 		FERG
Ferguson Enterprises Inc.
0.23% of portfolio
 		GOOGL
Alphabet Inc.
0.06% of portfolio
2023   Q3$27.6 B GE
GE Aerospace
16.70% of portfolio
 		CNI
Canadian Natl Railway Co.
16.06% of portfolio
 		CP
Canadian Pacific Kansas City
15.06% of portfolio
 		V
Visa Inc.
14.02% of portfolio
 		SPGI
S&P Global Inc.
12.01% of portfolio
 		MCO
Moody's Corp.
11.90% of portfolio
 		GOOG
Alphabet Inc. CL C
8.10% of portfolio
 		TMO
Thermo Fisher Scientific
5.86% of portfolio
 		FERG
Ferguson Enterprises Inc.
0.29% of portfolio
2023   Q2$33.7 B CNI
Canadian Natl Railway Co.
14.71% of portfolio
 		GE
GE Aerospace
13.59% of portfolio
 		CP
Canadian Pacific Kansas City
13.41% of portfolio
 		V
Visa Inc.
12.55% of portfolio
 		MSFT
Microsoft Corp.
11.98% of portfolio
 		SPGI
S&P Global Inc.
11.11% of portfolio
 		MCO
Moody's Corp.
10.87% of portfolio
 		GOOG
Alphabet Inc. CL C
6.65% of portfolio
 		TMO
Thermo Fisher Scientific
4.92% of portfolio
 		FERG
Ferguson Enterprises Inc.
0.23% of portfolio
2023   Q1$29.2 B MSFT
Microsoft Corp.
15.10% of portfolio
 		V
Visa Inc.
14.89% of portfolio
 		CNI
Canadian Natl Railway Co.
14.83% of portfolio
 		CP
Canadian Pacific Kansas City
14.72% of portfolio
 		SPGI
S&P Global Inc.
11.01% of portfolio
 		MCO
Moody's Corp.
10.87% of portfolio
 		GE
GE Aerospace
8.55% of portfolio
 		GOOG
Alphabet Inc. CL C
8.38% of portfolio
 		TMO
Thermo Fisher Scientific
1.65% of portfolio
2022   Q4$29.9 B MSFT
Microsoft Corp.
17.84% of portfolio
 		GOOG
Alphabet Inc. CL C
16.17% of portfolio
 		CNI
Canadian Natl Railway Co.
14.56% of portfolio
 		CP
Canadian Pacific Kansas City
13.91% of portfolio
 		V
Visa Inc.
13.84% of portfolio
 		SPGI
S&P Global Inc.
10.28% of portfolio
 		MCO
Moody's Corp.
8.58% of portfolio
 		GOOGL
Alphabet Inc.
4.71% of portfolio
 		TMO
Thermo Fisher Scientific
0.12% of portfolio
 		UNP
Union Pacific
0.00% of portfolio
2022   Q3$28.6 B GOOG
Alphabet Inc. CL C
17.64% of portfolio
 		MSFT
Microsoft Corp.
16.20% of portfolio
 		CNI
Canadian Natl Railway Co.
13.86% of portfolio
 		CP
Canadian Pacific Kansas City
13.04% of portfolio
 		V
Visa Inc.
12.39% of portfolio
 		SPGI
S&P Global Inc.
9.37% of portfolio
 		MCO
Moody's Corp.
7.02% of portfolio
 		GOOGL
Alphabet Inc.
5.34% of portfolio
 		UNP
Union Pacific
3.77% of portfolio
 		BXP
BXP Inc.
1.37% of portfolio
2022   Q2$31.6 B GOOG
Alphabet Inc. CL C
17.14% of portfolio
 		MSFT
Microsoft Corp.
15.95% of portfolio
 		CNI
Canadian Natl Railway Co.
13.06% of portfolio
 		V
Visa Inc.
12.41% of portfolio
 		CP
Canadian Pacific Kansas City
12.35% of portfolio
 		SPGI
S&P Global Inc.
9.35% of portfolio
 		MCO
Moody's Corp.
7.10% of portfolio
 		GOOGL
Alphabet Inc.
5.30% of portfolio
 		UNP
Union Pacific
3.54% of portfolio
 		BXP
BXP Inc.
2.97% of portfolio
 		AMAT
Applied Materials
0.55% of portfolio
 		KLAC
KLA Corp.
0.16% of portfolio
 		LRCX
Lam Research
0.12% of portfolio
2022   Q1$36.8 B GOOG
Alphabet Inc. CL C
17.97% of portfolio
 		MSFT
Microsoft Corp.
14.45% of portfolio
 		CNI
Canadian Natl Railway Co.
13.36% of portfolio
 		CP
Canadian Pacific Kansas City
12.51% of portfolio
 		V
Visa Inc.
11.99% of portfolio
 		SPGI
S&P Global Inc.
7.60% of portfolio
 		MCO
Moody's Corp.
6.67% of portfolio
 		GOOGL
Alphabet Inc.
4.33% of portfolio
 		BXP
BXP Inc.
4.09% of portfolio
 		UNP
Union Pacific
3.90% of portfolio
 		CHTR
Charter Communications
3.13% of portfolio
2021   Q4$44.4 B GOOG
Alphabet Inc. CL C
19.22% of portfolio
 		CHTR
Charter Communications
14.38% of portfolio
 		MSFT
Microsoft Corp.
12.63% of portfolio
 		V
Visa Inc.
11.26% of portfolio
 		CNI
Canadian Natl Railway Co.
10.15% of portfolio
 		CP
Canadian Pacific Kansas City
9.05% of portfolio
 		MCO
Moody's Corp.
5.77% of portfolio
 		GOOGL
Alphabet Inc.
4.03% of portfolio
 		SPGI
S&P Global Inc.
3.98% of portfolio
 		UNP
Union Pacific
3.48% of portfolio
 		BXP
BXP Inc.
3.23% of portfolio
 		INFO-OLD
IHS Markit Ltd.
2.29% of portfolio
 		ARE
Alexandria RE Equities Inc.
0.52% of portfolio
2021   Q3$41.6 B GOOG
Alphabet Inc. CL C
18.90% of portfolio
 		CHTR
Charter Communications
18.10% of portfolio
 		MSFT
Microsoft Corp.
11.29% of portfolio
 		V
Visa Inc.
10.67% of portfolio
 		CNI
Canadian Natl Railway Co.
10.20% of portfolio
 		CP
Canadian Pacific Kansas City
8.74% of portfolio
 		MCO
Moody's Corp.
5.60% of portfolio
 		SPGI
S&P Global Inc.
4.91% of portfolio
 		GOOGL
Alphabet Inc.
3.97% of portfolio
 		BXP
BXP Inc.
3.38% of portfolio
 		UNP
Union Pacific
2.69% of portfolio
 		INFO-OLD
IHS Markit Ltd.
1.08% of portfolio
 		ARE
Alexandria RE Equities Inc.
0.48% of portfolio
2021   Q2$40.1 B CHTR
Charter Communications
18.69% of portfolio
 		GOOG
Alphabet Inc. CL C
18.45% of portfolio
 		MSFT
Microsoft Corp.
13.84% of portfolio
 		CP
Canadian Pacific Kansas City
10.71% of portfolio
 		V
Visa Inc.
8.20% of portfolio
 		CNI
Canadian Natl Railway Co.
7.92% of portfolio
 		SPGI
S&P Global Inc.
5.99% of portfolio
 		MCO
Moody's Corp.
5.93% of portfolio
 		GOOGL
Alphabet Inc.
3.76% of portfolio
 		BXP
BXP Inc.
3.27% of portfolio
 		UNP
Union Pacific
3.14% of portfolio
 		ARE
Alexandria RE Equities Inc.
0.07% of portfolio
 		KRC
Kilroy Realty Corp.
0.02% of portfolio
2021   Q1$34.4 B CHTR
Charter Communications
18.37% of portfolio
 		GOOG
Alphabet Inc. CL C
17.73% of portfolio
 		MSFT
Microsoft Corp.
14.02% of portfolio
 		CP
Canadian Pacific Kansas City
12.37% of portfolio
 		V
Visa Inc.
8.64% of portfolio
 		CNI
Canadian Natl Railway Co.
7.00% of portfolio
 		SPGI
S&P Global Inc.
6.00% of portfolio
 		MCO
Moody's Corp.
5.69% of portfolio
 		UNP
Union Pacific
3.85% of portfolio
 		GOOGL
Alphabet Inc.
3.70% of portfolio
 		BXP
BXP Inc.
2.57% of portfolio
 		LRCX
Lam Research
0.03% of portfolio
 		KLAC
KLA Corp.
0.03% of portfolio
2020   Q4$30.5 B CHTR
Charter Communications
22.60% of portfolio
 		GOOG
Alphabet Inc. CL C
16.97% of portfolio
 		CP
Canadian Pacific Kansas City
12.71% of portfolio
 		MSFT
Microsoft Corp.
10.45% of portfolio
 		V
Visa Inc.
10.09% of portfolio
 		CNI
Canadian Natl Railway Co.
7.49% of portfolio
 		MCO
Moody's Corp.
6.24% of portfolio
 		UNP
Union Pacific
4.11% of portfolio
 		GOOGL
Alphabet Inc.
3.55% of portfolio
 		BXP
BXP Inc.
2.59% of portfolio
 		SPGI
S&P Global Inc.
2.55% of portfolio
 		VNO
Vornado Realty Trust
0.60% of portfolio
 		AMZN
Amazon.com Inc.
0.03% of portfolio
2020   Q3$27.9 B CHTR
Charter Communications
23.32% of portfolio
 		GOOG
Alphabet Inc. CL C
15.57% of portfolio
 		CP
Canadian Pacific Kansas City
12.19% of portfolio
 		MSFT
Microsoft Corp.
10.80% of portfolio
 		V
Visa Inc.
10.08% of portfolio
 		CNI
Canadian Natl Railway Co.
7.94% of portfolio
 		MCO
Moody's Corp.
6.81% of portfolio
 		UNP
Union Pacific
4.25% of portfolio
 		GOOGL
Alphabet Inc.
3.25% of portfolio
 		SPGI
S&P Global Inc.
3.06% of portfolio
 		BXP
BXP Inc.
1.49% of portfolio
 		VNO
Vornado Realty Trust
1.20% of portfolio
 		AMZN
Amazon.com Inc.
0.03% of portfolio
2020   Q2$25.2 B CHTR
Charter Communications
21.13% of portfolio
 		GOOG
Alphabet Inc. CL C
16.74% of portfolio
 		MSFT
Microsoft Corp.
11.67% of portfolio
 		CP
Canadian Pacific Kansas City
11.36% of portfolio
 		V
Visa Inc.
8.60% of portfolio
 		MCO
Moody's Corp.
7.40% of portfolio
 		CNI
Canadian Natl Railway Co.
7.38% of portfolio
 		UNP
Union Pacific
4.04% of portfolio
 		GOOGL
Alphabet Inc.
3.48% of portfolio
 		SPGI
S&P Global Inc.
3.17% of portfolio
 		RTX
RTX Corp.
2.82% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
0.84% of portfolio
 		VNO
Vornado Realty Trust
0.64% of portfolio
 		BXP
BXP Inc.
0.55% of portfolio
 		MA
Mastercard Inc.
0.11% of portfolio
 		AMZN
Amazon.com Inc.
0.06% of portfolio
 		ADBE
Adobe Inc.
0.01% of portfolio
 		ADSK
Autodesk Inc.
0.00% of portfolio
2020   Q1$21.1 B CHTR
Charter Communications
21.64% of portfolio
 		GOOG
Alphabet Inc. CL C
17.11% of portfolio
 		CP
Canadian Pacific Kansas City
11.75% of portfolio
 		MSFT
Microsoft Corp.
10.48% of portfolio
 		CNI
Canadian Natl Railway Co.
7.74% of portfolio
 		MCO
Moody's Corp.
6.84% of portfolio
 		RTN-OLD
Raytheon Co.
6.49% of portfolio
 		V
Visa Inc.
5.63% of portfolio
 		UNP
Union Pacific
4.02% of portfolio
 		GOOGL
Alphabet Inc.
3.41% of portfolio
 		SPGI
S&P Global Inc.
2.82% of portfolio
 		ELV
Elevance Health Inc.
0.93% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
0.81% of portfolio
 		LIN
Linde plc
0.14% of portfolio
 		MA
Mastercard Inc.
0.11% of portfolio
 		AMZN
Amazon.com Inc.
0.05% of portfolio
 		ADBE
Adobe Inc.
0.01% of portfolio
 		ADSK
Autodesk Inc.
0.00% of portfolio
2019   Q4$22.6 B CHTR
Charter Communications
21.84% of portfolio
 		GOOG
Alphabet Inc. CL C
18.45% of portfolio
 		CP
Canadian Pacific Kansas City
12.38% of portfolio
 		CNI
Canadian Natl Railway Co.
8.19% of portfolio
 		MSFT
Microsoft Corp.
7.45% of portfolio
 		RTN-OLD
Raytheon Co.
6.60% of portfolio
 		MCO
Moody's Corp.
6.33% of portfolio
 		ELV
Elevance Health Inc.
5.35% of portfolio
 		UNP
Union Pacific
4.01% of portfolio
 		GOOGL
Alphabet Inc.
3.66% of portfolio
 		SPGI
S&P Global Inc.
2.39% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
1.79% of portfolio
 		V
Visa Inc.
0.98% of portfolio
 		NOC
Northrop Grumman Corp.
0.26% of portfolio
 		TDG
TransDigm Group Inc.
0.21% of portfolio
 		ADSK
Autodesk Inc.
0.09% of portfolio
 		ADBE
Adobe Inc.
0.01% of portfolio
2019   Q3$19.3 B GOOG
Alphabet Inc. CL C
22.43% of portfolio
 		CHTR
Charter Communications
21.76% of portfolio
 		CP
Canadian Pacific Kansas City
12.47% of portfolio
 		CNI
Canadian Natl Railway Co.
8.91% of portfolio
 		MSFT
Microsoft Corp.
7.70% of portfolio
 		MCO
Moody's Corp.
6.40% of portfolio
 		ELV
Elevance Health Inc.
5.08% of portfolio
 		UNP
Union Pacific
4.10% of portfolio
 		GOOGL
Alphabet Inc.
3.92% of portfolio
 		SPGI
S&P Global Inc.
2.52% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
1.80% of portfolio
 		RTN-OLD
Raytheon Co.
1.19% of portfolio
 		V
Visa Inc.
1.06% of portfolio
 		EFX
Equifax Inc.
0.57% of portfolio
 		ADSK
Autodesk Inc.
0.09% of portfolio
2019   Q2$18.5 B CHTR
Charter Communications
20.71% of portfolio
 		GOOG
Alphabet Inc. CL C
20.27% of portfolio
 		CP
Canadian Pacific Kansas City
12.90% of portfolio
 		MSFT
Microsoft Corp.
11.87% of portfolio
 		CNI
Canadian Natl Railway Co.
9.48% of portfolio
 		MCO
Moody's Corp.
6.35% of portfolio
 		ELV
Elevance Health Inc.
4.59% of portfolio
 		UNP
Union Pacific
4.31% of portfolio
 		GOOGL
Alphabet Inc.
3.21% of portfolio
 		SPGI
S&P Global Inc.
2.44% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
1.87% of portfolio
 		EFX
Equifax Inc.
1.19% of portfolio
 		V
Visa Inc.
0.81% of portfolio
2019   Q1$15.3 B CHTR
Charter Communications
22.40% of portfolio
 		GOOG
Alphabet Inc. CL C
18.34% of portfolio
 		MSFT
Microsoft Corp.
13.48% of portfolio
 		CP
Canadian Pacific Kansas City
13.23% of portfolio
 		UNP
Union Pacific
8.40% of portfolio
 		CNI
Canadian Natl Railway Co.
7.53% of portfolio
 		MCO
Moody's Corp.
7.13% of portfolio
 		SPGI
S&P Global Inc.
2.73% of portfolio
 		FOXA
Fox Corporation
2.65% of portfolio
 		GOOGL
Alphabet Inc.
1.51% of portfolio
 		EFX
Equifax Inc.
1.27% of portfolio
 		FOX
Fox Corporation CL B
0.82% of portfolio
 		UNVR-OLD
Univar Solutions Inc.
0.52% of portfolio
2018   Q4$20 B FOXA
Fox Corporation
27.57% of portfolio
 		CHTR
Charter Communications
16.78% of portfolio
 		GOOG
Alphabet Inc. CL C
14.45% of portfolio
 		MSFT
Microsoft Corp.
11.09% of portfolio
 		CP
Canadian Pacific Kansas City
6.96% of portfolio
 		UNP
Union Pacific
5.32% of portfolio
 		FOX
Fox Corporation CL B
5.30% of portfolio
 		MCO
Moody's Corp.
4.19% of portfolio
 		CNI
Canadian Natl Railway Co.
3.98% of portfolio
 		GOOGL
Alphabet Inc.
2.25% of portfolio
 		SPGI
S&P Global Inc.
1.74% of portfolio
 		FWONK
Liberty Media Corp Formula One Series C
0.37% of portfolio
2018   Q3$19.1 B FOXA
Fox Corporation
27.78% of portfolio
 		CHTR
Charter Communications
23.16% of portfolio
 		GOOG
Alphabet Inc. CL C
16.63% of portfolio
 		MSFT
Microsoft Corp.
7.91% of portfolio
 		CP
Canadian Pacific Kansas City
5.45% of portfolio
 		FOX
Fox Corporation CL B
5.32% of portfolio
 		UNP
Union Pacific
4.34% of portfolio
 		NSC
Norfolk Southern Corp.
3.55% of portfolio
 		GOOGL
Alphabet Inc.
2.41% of portfolio
 		MCO
Moody's Corp.
1.78% of portfolio
 		CNI
Canadian Natl Railway Co.
0.83% of portfolio
 		SPGI
S&P Global Inc.
0.45% of portfolio
 		PCG
PG&E Corp.
0.34% of portfolio
 		FWONK
Liberty Media Corp Formula One Series C
0.05% of portfolio
2018   Q2$21.3 B FOXA
Fox Corporation
26.75% of portfolio
 		AABA
Altaba Inc.
19.64% of portfolio
 		CHTR
Charter Communications
18.76% of portfolio
 		GOOG
Alphabet Inc. CL C
14.55% of portfolio
 		MSFT
Microsoft Corp.
6.40% of portfolio
 		FOX
Fox Corporation CL B
5.14% of portfolio
 		GOOGL
Alphabet Inc.
2.02% of portfolio
 		CP
Canadian Pacific Kansas City
1.99% of portfolio
 		NSC
Norfolk Southern Corp.
1.79% of portfolio
 		MCO
Moody's Corp.
1.36% of portfolio
 		UNP
Union Pacific
1.16% of portfolio
 		SPGI
S&P Global Inc.
0.43% of portfolio
2018   Q1$18 B AABA
Altaba Inc.
32.85% of portfolio
 		CHTR
Charter Communications
18.38% of portfolio
 		FOXA
Fox Corporation
14.59% of portfolio
 		GOOG
Alphabet Inc. CL C
13.54% of portfolio
 		MSFT
Microsoft Corp.
7.01% of portfolio
 		TWX
Time Warner Inc.
3.94% of portfolio
 		FOX
Fox Corporation CL B
2.34% of portfolio
 		CMCSA
Comcast Corp.
2.26% of portfolio
 		GOOGL
Alphabet Inc.
2.20% of portfolio
 		MCO
Moody's Corp.
1.52% of portfolio
 		SPGI
S&P Global Inc.
0.47% of portfolio
 		NSC
Norfolk Southern Corp.
0.45% of portfolio
 		MON-OLD
Monsanto Co.
0.31% of portfolio
 		CP
Canadian Pacific Kansas City
0.09% of portfolio
 		UNP
Union Pacific
0.05% of portfolio
2017   Q4$16.1 B AABA
Altaba Inc.
37.21% of portfolio
 		CHTR
Charter Communications
20.68% of portfolio
 		CMCSA
Comcast Corp.
17.60% of portfolio
 		GOOG
Alphabet Inc. CL C
12.45% of portfolio
 		MSFT
Microsoft Corp.
4.28% of portfolio
 		GOOGL
Alphabet Inc.
2.52% of portfolio
 		FOXA
Fox Corporation
1.59% of portfolio
 		MCO
Moody's Corp.
1.52% of portfolio
 		UNP
Union Pacific
0.53% of portfolio
 		NSC
Norfolk Southern Corp.
0.53% of portfolio
 		SPGI
S&P Global Inc.
0.44% of portfolio
 		FOX
Fox Corporation CL B
0.25% of portfolio
 		AMBC
Ambac Financial Group
0.20% of portfolio
 		TWX
Time Warner Inc.
0.18% of portfolio
 		EFX
Equifax Inc.
0.04% of portfolio
2017   Q3$14.5 B AABA
Altaba Inc.
39.37% of portfolio
 		CHTR
Charter Communications
29.52% of portfolio
 		CMCSA
Comcast Corp.
24.48% of portfolio
 		GOOG
Alphabet Inc. CL C
3.23% of portfolio
 		MCO
Moody's Corp.
1.60% of portfolio
 		NSC
Norfolk Southern Corp.
0.47% of portfolio
 		UNP
Union Pacific
0.46% of portfolio
 		SPGI
S&P Global Inc.
0.45% of portfolio
 		AMBC
Ambac Financial Group
0.24% of portfolio
 		TWX
Time Warner Inc.
0.14% of portfolio
 		EFX
Equifax Inc.
0.04% of portfolio
2017   Q2$13.3 B AABA
Altaba Inc.
35.26% of portfolio
 		CHTR
Charter Communications
35.14% of portfolio
 		CMCSA
Comcast Corp.
26.84% of portfolio
 		MCO
Moody's Corp.
1.38% of portfolio
 		SPGI
S&P Global Inc.
0.54% of portfolio
 		AMBC
Ambac Financial Group
0.26% of portfolio
 		NSC
Norfolk Southern Corp.
0.26% of portfolio
 		UNP
Union Pacific
0.16% of portfolio
 		TWX
Time Warner Inc.
0.15% of portfolio
2017   Q1$11.7 B CHTR
Charter Communications
35.45% of portfolio
 		YHOO
Yahoo Inc.
34.18% of portfolio
 		CMCSA
Comcast Corp.
29.17% of portfolio
 		MCO
Moody's Corp.
0.64% of portfolio
 		AMBC
Ambac Financial Group
0.32% of portfolio
 		SPGI
S&P Global Inc.
0.20% of portfolio
 		TWX
Time Warner Inc.
0.04% of portfolio
2016   Q4$9.5 B CHTR
Charter Communications
38.42% of portfolio
 		YHOO
Yahoo Inc.
35.09% of portfolio
 		CMCSA
Comcast Corp.
26.00% of portfolio
 		AMBC
Ambac Financial Group
0.47% of portfolio
 		MCO
Moody's Corp.
0.01% of portfolio
2016   Q3$8.96 B YHOO
Yahoo Inc.
41.47% of portfolio
 		CHTR
Charter Communications
36.07% of portfolio
 		CMCSA
Comcast Corp.
21.54% of portfolio
 		AMBC
Ambac Financial Group
0.41% of portfolio
 		AY
Atlantica Yield plc
0.39% of portfolio
 		MCO
Moody's Corp.
0.12% of portfolio
2016   Q2$7.35 B YHOO
Yahoo Inc.
36.41% of portfolio
 		CHTR
Charter Communications
36.08% of portfolio
 		CMCSA
Comcast Corp.
25.82% of portfolio
 		AY
Atlantica Yield plc
1.12% of portfolio
 		AMBC
Ambac Financial Group
0.44% of portfolio
 		MCO
Moody's Corp.
0.13% of portfolio
2016   Q1$5.4 B TWC
Time Warner Cable Inc.
61.12% of portfolio
 		CMCSA
Comcast Corp.
22.62% of portfolio
 		YHOO
Yahoo Inc.
9.82% of portfolio
 		BIDU
Baidu Inc.
4.22% of portfolio
 		AY
Atlantica Yield plc
1.46% of portfolio
 		AMBC
Ambac Financial Group
0.58% of portfolio
 		MCO
Moody's Corp.
0.18% of portfolio
2015   Q4$4.98 B TWC
Time Warner Cable Inc.
60.51% of portfolio
 		CMCSA
Comcast Corp.
22.81% of portfolio
 		MCO
Moody's Corp.
6.18% of portfolio
 		BIDU
Baidu Inc.
4.41% of portfolio
 		AXP
American Express
3.81% of portfolio
 		AY
Atlantica Yield plc
1.71% of portfolio
 		AMBC
Ambac Financial Group
0.56% of portfolio