Chris Hohn TCI Fund Management
Sir Chris Hohn is the founder of TCI Fund Management, a London-based firm known for concentrated, long-term equity portfolios and occasional activism. TCI’s process emphasizes high-quality businesses with durable competitive advantages, often held for years. Hohn is also known for philanthropy through the Children’s Investment Fund Foundation, which supports health, education, and climate initiatives.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$780M |
| 2 |
Vulcan Materials
VMC
|
+$701M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$388M |
| 4 |
S&P Global
SPGI
|
+$19.7M |
| 5 |
Visa
V
|
+$8.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.01B |
| 2 |
Canadian Pacific Kansas City
CP
|
+$102M |
| 3 |
Canadian National Railway
CNI
|
+$47.4M |
| 4 |
GE Aerospace
GE
|
+$25.7M |
| 5 |
Ferrovial N.V. Ordinary Shares
FER
|
+$137 |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 45.88% |
| 2 | Financials | 43% |
| 3 | Communication Services | 8.32% |
| 4 | Materials | 2.81% |
| 5 | Technology | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
GE Aerospace
GE
$326B
| $17.7B | 33.59% |
47,428,233
-82,198
| -0.2% | -$25.7M |
2023 Q1
13 quarters
|
|
|
2
Visa
V
$756B
| $10.5B | 19.83% |
30,494,133
+26,000
| +0.1% | +$8.35M |
2019 Q2
28 quarters
|
|
3
Moody's
MCO
$84B
| $6.49B | 12.3% |
14,334,027
| – | – |
2015 Q2
44 quarters
|
|
|
4
S&P Global
SPGI
$127B
| $5.74B | 10.87% |
14,081,957
+46,647
| +0.3% | +$19.7M |
2017 Q1
37 quarters
|
|
|
5
Canadian Pacific Kansas City
CP
$76.8B
| $3.93B | 7.44% |
45,325,726
-1,196,197
| -3% | -$102M |
2018 Q1
33 quarters
|
|
|
6
Alphabet (Google) Class C
GOOG
$4.12T
| $3.51B | 6.65% |
9,938,819
+1,084,800
| +12% | +$388M |
2017 Q3
35 quarters
|
|
|
7
Ferrovial N.V. Ordinary Shares
FER
$35.6B
| $1.43B | 2.72% |
20,940,441
-2
| -0% | -$137 |
2024 Q2
8 quarters
|
|
|
8
Canadian National Railway
CNI
$73.6B
| $1.12B | 2.13% |
9,433,422
-416,512
| -4% | -$47.4M |
2018 Q3
31 quarters
|
|
9
Alphabet (Google) Class A
GOOGL
$4.17T
| $878M | 1.66% |
2,457,000
| – | – |
2026 Q1
1 quarter
|
|
|
10
Martin Marietta Materials
MLM
$35.6B
| $758M | 1.44% |
+1,315,109
| New | +$780M |
2026 Q2
0 quarters
|
|
|
11
Vulcan Materials
VMC
$33.4B
| $722M | 1.37% |
+2,447,004
| New | +$701M |
2026 Q2
0 quarters
|
|
|
12
Microsoft
MSFT
$3.93T
| – | – |
-2,728,412
| Closed | -$1.01B | – |
|
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Chris Hohn's Q2 2026 Portfolio in Review
As of Q2 2026, Chris Hohn held 12 positions worth $52.8B, up 17% from $45.2B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Chris Hohn's Q2 2026 filing shows 2 new, 3 increased, 4 reduced and 1 closed positions. Its largest new stake was Martin Marietta Materials: 1,315,109 shares worth $758M. The largest sale was Microsoft, an estimated $1.01B.
By sector, the portfolio is most concentrated in Industrials at 46% of assets, up from 43% a quarter earlier, followed by Financials and Communication Services.
- Chris Hohn's largest Q2 2026 buy was Martin Marietta Materials: 1,315,109 shares worth $758M.
- Chris Hohn added most to Alphabet (Google) Class C in Q2 2026, an estimated $388M increase.
- Chris Hohn's biggest Q2 2026 reduction was Canadian Pacific Kansas City, cutting an estimated $102M.
- Chris Hohn fully exited Microsoft in Q2 2026, selling an estimated $1.01B.
- Chris Hohn's ten largest holdings make up 99% of its $52.8B portfolio in Q2 2026.
- Chris Hohn opened 2 new positions and closed 1 in Q2 2026.
- Chris Hohn's portfolio value rose 17% quarter-over-quarter to $52.8B.
Based on TCI Fund Management's 13F filing for Q2 2026, filed 14 Aug 2026.