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
|
+$1.46B |
| 2 |
Microsoft
MSFT
|
+$662M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$398M |
| 4 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$221M |
| 5 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$33.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Comcast
CMCSA
|
+$793M |
| 2 |
Charter Communications
CHTR
|
+$616M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 55.25% |
| 2 | Technology | 41.49% |
| 3 | Financials | 2.15% |
| 4 | Industrials | 1.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $6B | 37.21% |
85,923,952
| – | – |
|
|
2
Charter Communications
CHTR
$18.4B
| $3.34B | 20.68% |
9,927,834
-1,813,383
| -15% | -$616M |
|
|
3
Comcast
CMCSA
$92.9B
| $2.84B | 17.6% |
70,860,571
-21,081,594
| -23% | -$793M |
|
|
4
Alphabet (Google) Class C
GOOG
$4.2T
| $2.01B | 12.45% |
38,370,540
+28,621,000
| +294% | +$1.46B |
|
|
5
Microsoft
MSFT
$3.68T
| $690M | 4.28% |
+8,065,349
| New | +$662M |
|
|
6
Alphabet (Google) Class A
GOOGL
$4.23T
| $406M | 2.52% |
+7,712,000
| New | +$398M |
|
|
TFCFA
7
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $256M | 1.59% |
+7,415,330
| New | +$221M |
|
8
Moody's
MCO
$84B
| $245M | 1.52% |
1,660,123
| – | – |
|
9
Union Pacific
UNP
$174B
| $86.2M | 0.53% |
642,700
+64,200
| +11% | +$7.74M |
|
10
Norfolk Southern
NSC
$75.1B
| $86M | 0.53% |
593,500
+85,000
| +17% | +$11.4M |
|
11
S&P Global
SPGI
$123B
| $70.6M | 0.44% |
416,619
| – | – |
|
|
TFCF
12
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $39.6M | 0.25% |
+1,160,100
| New | +$33.9M |
|
|
OSG
13
Octave Specialty Group
OSG
$221M
| $31.7M | 0.2% |
1,985,785
| – | – |
|
|
TWX
14
DELISTED
Time Warner Inc
TWX
| $28.9M | 0.18% |
316,500
+112,000
| +55% | +$10.6M |
|
15
Equifax
EFX
$21.2B
| $5.9M | 0.04% |
50,000
| – | – |
|
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Chris Hohn's Q4 2017 Portfolio in Review
As of Q4 2017, Chris Hohn held 15 positions worth $16.1B, up 12% from $14.5B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Chris Hohn deployed $1.39B of net new capital in Q4 2017, opening 4 new positions and adding to 4 existing holdings. Its largest new stake was Microsoft: 8,065,349 shares worth $690M.
By sector, the portfolio is most concentrated in Communication Services at 55% of assets, down from 57% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Comcast, an estimated $793M trimmed.
- Chris Hohn's largest Q4 2017 buy was Microsoft: 8,065,349 shares worth $690M.
- Chris Hohn added most to Alphabet (Google) Class C in Q4 2017, an estimated $1.46B increase.
- Chris Hohn's biggest Q4 2017 reduction was Comcast, cutting an estimated $793M.
- Chris Hohn's ten largest holdings make up 99% of its $16.1B portfolio in Q4 2017.
- Chris Hohn opened 4 new positions and closed 0 in Q4 2017.
- Chris Hohn's portfolio value rose 12% quarter-over-quarter to $16.1B.
Based on TCI Fund Management's 13F filing for Q4 2017, filed 14 Feb 2018.