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 |
Fox Class A
FOXA
|
+$431M |
| 2 |
Canadian Pacific Kansas City
CP
|
+$398M |
| 3 |
Canadian National Railway
CNI
|
+$179M |
| 4 |
Equifax
EFX
|
+$174M |
| 5 |
Fox Class B
FOX
|
+$134M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$5.51B |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$1.06B |
| 3 |
Charter Communications
CHTR
|
+$624M |
| 4 |
Microsoft
MSFT
|
+$472M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$444M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 45.72% |
| 2 | Industrials | 30.42% |
| 3 | Technology | 13.48% |
| 4 | Financials | 9.86% |
| 5 | Materials | 0.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Charter Communications
CHTR
$18.4B
| $3.43B | 22.4% |
9,878,803
-1,893,608
| -16% | -$624M |
|
|
2
Alphabet (Google) Class C
GOOG
$4.2T
| $2.81B | 18.34% |
47,843,520
-7,916,240
| -14% | -$444M |
|
|
3
Microsoft
MSFT
$3.68T
| $2.06B | 13.48% |
17,491,574
-4,326,230
| -20% | -$472M |
|
|
4
Canadian Pacific Kansas City
CP
$82.2B
| $2.02B | 13.23% |
49,094,470
+9,917,890
| +25% | +$398M |
|
5
Union Pacific
UNP
$174B
| $1.28B | 8.4% |
7,683,577
-15,241
| -0.2% | -$2.45M |
|
|
6
Canadian National Railway
CNI
$76.7B
| $1.15B | 7.53% |
12,857,534
+2,137,051
| +20% | +$179M |
|
7
Moody's
MCO
$84B
| $1.09B | 7.13% |
6,022,912
+44,235
| +0.7% | +$7.27M |
|
8
S&P Global
SPGI
$123B
| $417M | 2.73% |
1,982,414
-58,540
| -3% | -$11.3M |
|
|
9
Fox Class A
FOXA
$29B
| $406M | 2.65% |
+11,050,164
| New | +$431M |
|
|
10
Alphabet (Google) Class A
GOOGL
$4.23T
| $230M | 1.51% |
3,913,620
-4,698,380
| -55% | -$265M |
|
|
11
Equifax
EFX
$21.2B
| $194M | 1.27% |
+1,634,083
| New | +$174M |
|
|
12
Fox Class B
FOX
$25.8B
| $126M | 0.82% |
+3,516,883
| New | +$134M |
|
|
UNVR
13
DELISTED
Univar Solutions Inc.
UNVR
| $80.2M | 0.52% |
+3,616,902
| New | +$78M |
|
14
Liberty Media Series C
FWONK
$26B
| – | – |
-2,510,278
| Closed | -$74.5M |
|
|
TFCFA
15
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| – | – |
-114,502,969
| Closed | -$5.51B |
|
|
TFCF
16
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| – | – |
-22,189,801
| Closed | -$1.06B |
|
Similar funds
Chris Hohn's Q1 2019 Portfolio in Review
As of Q1 2019, Chris Hohn held 16 positions worth $15.3B, down 23% from $20B the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Chris Hohn withdrew a net $7.06B in Q1 2019, closing 3 positions and reducing 6 holdings. Its most notable exit was Twenty-First Century Fox, Inc. Class A, an estimated $5.51B position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 46% of assets, down from 67% a quarter earlier, followed by Industrials and Technology.
Against the trend, Chris Hohn opened a new position in Fox Class A worth $406M.
- Chris Hohn's largest Q1 2019 buy was Fox Class A: 11,050,164 shares worth $406M.
- Chris Hohn added most to Canadian Pacific Kansas City in Q1 2019, an estimated $398M increase.
- Chris Hohn's biggest Q1 2019 reduction was Charter Communications, cutting an estimated $624M.
- Chris Hohn fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $5.51B.
- Chris Hohn's ten largest holdings make up 97% of its $15.3B portfolio in Q1 2019.
- Chris Hohn opened 4 new positions and closed 3 in Q1 2019.
- Chris Hohn's portfolio value fell 23% quarter-over-quarter to $15.3B.
Based on TCI Fund Management's 13F filing for Q1 2019, filed 15 May 2019.