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 |
AABA
Altaba Inc
AABA
|
+$4.68B |
| 2 |
Charter Communications
CHTR
|
+$391M |
| 3 |
Moody's
MCO
|
+$98.5M |
| 4 |
S&P Global
SPGI
|
+$42.7M |
| 5 |
Norfolk Southern
NSC
|
+$33.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$4B |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 62.14% |
| 2 | Technology | 35.26% |
| 3 | Financials | 2.18% |
| 4 | Industrials | 0.42% |
| 5 | Energy | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $4.68B | 35.26% |
+85,923,952
| New | +$4.68B |
|
|
2
Charter Communications
CHTR
$18.4B
| $4.67B | 35.14% |
13,849,812
+1,170,578
| +9% | +$391M |
|
3
Comcast
CMCSA
$92.9B
| $3.56B | 26.84% |
91,565,333
+717,100
| +0.8% | +$28.3M |
|
|
4
Moody's
MCO
$84B
| $183M | 1.38% |
1,507,939
+841,370
| +126% | +$98.5M |
|
|
5
S&P Global
SPGI
$123B
| $71.6M | 0.54% |
490,729
+307,800
| +168% | +$42.7M |
|
|
OSG
6
Octave Specialty Group
OSG
$221M
| $34.5M | 0.26% |
1,985,785
| – | – |
|
|
7
Norfolk Southern
NSC
$75.1B
| $34.4M | 0.26% |
+283,000
| New | +$33.3M |
|
8
Union Pacific
UNP
$174B
| $21.8M | 0.16% |
+200,000
| New | +$21.8M |
|
|
TWX
9
DELISTED
Time Warner Inc
TWX
| $20.5M | 0.15% |
204,500
+152,500
| +293% | +$15.1M |
|
|
YHOO
10
DELISTED
Yahoo Inc
YHOO
| – | – |
-86,224,273
| Closed | -$4B |
|
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Chris Hohn's Q2 2017 Portfolio in Review
As of Q2 2017, Chris Hohn held 10 positions worth $13.3B, up 13% from $11.7B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Chris Hohn deployed $1.31B of net new capital in Q2 2017, opening 3 new positions and adding to 5 existing holdings. Its largest new stake was Altaba Inc: 85,923,952 shares worth $4.68B.
By sector, the portfolio is most concentrated in Communication Services at 62% of assets, down from 65% a quarter earlier, followed by Technology and Financials.
On the sell side, the most notable exit was Yahoo Inc, an estimated $4B sold.
- Chris Hohn's largest Q2 2017 buy was Altaba Inc: 85,923,952 shares worth $4.68B.
- Chris Hohn added most to Charter Communications in Q2 2017, an estimated $391M increase.
- Chris Hohn fully exited Yahoo Inc in Q2 2017, selling an estimated $4B.
- Chris Hohn's ten largest holdings make up 100% of its $13.3B portfolio in Q2 2017.
- Chris Hohn opened 3 new positions and closed 1 in Q2 2017.
- Chris Hohn's portfolio value rose 13% quarter-over-quarter to $13.3B.
Based on TCI Fund Management's 13F filing for Q2 2017, filed 14 Aug 2017.