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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$2.37B |
| 2 |
TWX
Time Warner Inc
TWX
|
+$677M |
| 3 |
Microsoft
MSFT
|
+$525M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$487M |
| 5 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$380M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Comcast
CMCSA
|
+$2.29B |
| 2 |
AABA
Altaba Inc
AABA
|
+$464M |
| 3 |
Union Pacific
UNP
|
+$76.8M |
| 4 |
OSG
Octave Specialty Group
OSG
|
+$31.7M |
| 5 |
Equifax
EFX
|
+$5.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 57.25% |
| 2 | Technology | 39.85% |
| 3 | Financials | 1.99% |
| 4 | Industrials | 0.6% |
| 5 | Materials | 0.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AABA
1
DELISTED
Altaba Inc
AABA
| $5.91B | 32.85% |
79,773,273
-6,150,679
| -7% | -$464M |
|
2
Charter Communications
CHTR
$18.4B
| $3.31B | 18.38% |
10,620,701
+692,867
| +7% | +$244M |
|
|
TFCFA
3
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $2.62B | 14.59% |
71,516,090
+64,100,760
| +864% | +$2.37B |
|
|
4
Alphabet (Google) Class C
GOOG
$4.2T
| $2.43B | 13.54% |
47,192,840
+8,822,300
| +23% | +$487M |
|
|
5
Microsoft
MSFT
$3.68T
| $1.26B | 7.01% |
13,810,449
+5,745,100
| +71% | +$525M |
|
|
TWX
6
DELISTED
Time Warner Inc
TWX
| $709M | 3.94% |
7,496,849
+7,180,349
| +2,269% | +$677M |
|
|
TFCF
7
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $421M | 2.34% |
11,572,645
+10,412,545
| +898% | +$380M |
|
|
8
Comcast
CMCSA
$92.9B
| $407M | 2.26% |
11,897,380
-58,963,191
| -83% | -$2.29B |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.23T
| $395M | 2.2% |
7,612,000
-100,000
| -1% | -$5.54M |
|
10
Moody's
MCO
$84B
| $273M | 1.52% |
1,692,623
+32,500
| +2% | +$5.26M |
|
11
S&P Global
SPGI
$123B
| $84.9M | 0.47% |
444,619
+28,000
| +7% | +$5.17M |
|
12
Norfolk Southern
NSC
$75.1B
| $80.6M | 0.45% |
593,500
| – | – |
|
|
MON
13
DELISTED
Monsanto Co
MON
| $55.6M | 0.31% |
+476,500
| New | +$57.3M |
|
14
Canadian Pacific Kansas City
CP
$82.2B
| $16.8M | 0.09% |
+476,000
| New | +$17.2M |
|
|
15
Union Pacific
UNP
$174B
| $9.68M | 0.05% |
72,000
-570,700
| -89% | -$76.8M |
|
|
OSG
16
Octave Specialty Group
OSG
$221M
| – | – |
-1,985,785
| Closed | -$31.7M |
|
|
17
Equifax
EFX
$21.2B
| – | – |
-50,000
| Closed | -$5.9M |
|
Similar funds
Chris Hohn's Q1 2018 Portfolio in Review
As of Q1 2018, Chris Hohn held 17 positions worth $18B, up 11% from $16.1B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Chris Hohn deployed $1.89B of net new capital in Q1 2018, opening 2 new positions and adding to 8 existing holdings. Its largest new stake was Monsanto Co: 476,500 shares worth $55.6M.
By sector, the portfolio is most concentrated in Communication Services at 57% of assets, up from 55% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was Comcast, an estimated $2.29B trimmed.
- Chris Hohn's largest Q1 2018 buy was Monsanto Co: 476,500 shares worth $55.6M.
- Chris Hohn added most to Twenty-First Century Fox, Inc. Class A in Q1 2018, an estimated $2.37B increase.
- Chris Hohn's biggest Q1 2018 reduction was Comcast, cutting an estimated $2.29B.
- Chris Hohn fully exited Octave Specialty Group in Q1 2018, selling an estimated $31.7M.
- Chris Hohn's ten largest holdings make up 99% of its $18B portfolio in Q1 2018.
- Chris Hohn opened 2 new positions and closed 2 in Q1 2018.
- Chris Hohn's portfolio value rose 11% quarter-over-quarter to $18B.
Based on TCI Fund Management's 13F filing for Q1 2018, filed 15 May 2018.