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 |
Alphabet (Google) Class C
GOOG
|
+$454M |
| 2 |
Union Pacific
UNP
|
+$40.6M |
| 3 |
Norfolk Southern
NSC
|
+$27.4M |
| 4 |
Moody's
MCO
|
+$20M |
| 5 |
Comcast
CMCSA
|
+$14.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$785M |
| 2 |
S&P Global
SPGI
|
+$11.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 57.37% |
| 2 | Technology | 39.37% |
| 3 | Financials | 2.29% |
| 4 | Industrials | 0.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $5.69B | 39.37% |
85,923,952
| – | – |
|
|
2
Charter Communications
CHTR
$18.4B
| $4.27B | 29.52% |
11,741,217
-2,108,595
| -15% | -$785M |
|
|
3
Comcast
CMCSA
$92.9B
| $3.54B | 24.48% |
91,942,165
+376,832
| +0.4% | +$14.8M |
|
|
4
Alphabet (Google) Class C
GOOG
$4.2T
| $468M | 3.23% |
+9,749,540
| New | +$454M |
|
|
5
Moody's
MCO
$84B
| $231M | 1.6% |
1,660,123
+152,184
| +10% | +$20M |
|
|
6
Norfolk Southern
NSC
$75.1B
| $67.2M | 0.47% |
508,500
+225,500
| +80% | +$27.4M |
|
|
7
Union Pacific
UNP
$174B
| $67.1M | 0.46% |
578,500
+378,500
| +189% | +$40.6M |
|
|
8
S&P Global
SPGI
$123B
| $65.1M | 0.45% |
416,619
-74,110
| -15% | -$11.3M |
|
|
OSG
9
Octave Specialty Group
OSG
$221M
| $34.3M | 0.24% |
1,985,785
| – | – |
|
|
TWX
10
DELISTED
Time Warner Inc
TWX
| $21M | 0.14% |
204,500
| – | – |
|
11
Equifax
EFX
$21.2B
| $5.3M | 0.04% |
+50,000
| New | +$6.61M |
|
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Chris Hohn's Q3 2017 Portfolio in Review
As of Q3 2017, Chris Hohn held 11 positions worth $14.5B, up 8.9% from $13.3B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Chris Hohn's Q3 2017 filing shows 2 new, 4 increased and 2 reduced positions. Its largest new stake was Alphabet (Google) Class C: 9,749,540 shares worth $468M. The largest sale was Charter Communications, an estimated $785M.
By sector, the portfolio is most concentrated in Communication Services at 57% of assets, down from 62% a quarter earlier, followed by Technology and Financials.
- Chris Hohn's largest Q3 2017 buy was Alphabet (Google) Class C: 9,749,540 shares worth $468M.
- Chris Hohn added most to Union Pacific in Q3 2017, an estimated $40.6M increase.
- Chris Hohn's biggest Q3 2017 reduction was Charter Communications, cutting an estimated $785M.
- Chris Hohn's ten largest holdings make up 100% of its $14.5B portfolio in Q3 2017.
- Chris Hohn opened 2 new positions and closed 0 in Q3 2017.
- Chris Hohn's portfolio value rose 8.9% quarter-over-quarter to $14.5B.
Based on TCI Fund Management's 13F filing for Q3 2017, filed 14 Nov 2017.