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 |
Elevance Health
ELV
|
+$293M |
| 2 |
RTN
Raytheon Company
RTN
|
+$217M |
| 3 |
Charter Communications
CHTR
|
+$185M |
| 4 |
Canadian Pacific Kansas City
CP
|
+$153M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$83.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$790M |
| 2 |
Equifax
EFX
|
+$120M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 48.11% |
| 2 | Industrials | 27.24% |
| 3 | Financials | 9.98% |
| 4 | Technology | 7.79% |
| 5 | Healthcare | 5.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alphabet (Google) Class C
GOOG
$4.2T
| $4.32B | 22.43% |
70,932,720
+1,410,820
| +2% | +$83.5M |
|
|
2
Charter Communications
CHTR
$18.4B
| $4.19B | 21.76% |
10,174,272
+458,214
| +5% | +$185M |
|
|
3
Canadian Pacific Kansas City
CP
$82.2B
| $2.4B | 12.47% |
54,037,920
+3,250,595
| +6% | +$153M |
|
4
Canadian National Railway
CNI
$76.7B
| $1.72B | 8.91% |
19,102,713
+110,290
| +0.6% | +$10.2M |
|
|
5
Microsoft
MSFT
$3.68T
| $1.48B | 7.7% |
10,679,732
-5,745,842
| -35% | -$790M |
|
6
Moody's
MCO
$84B
| $1.23B | 6.4% |
6,022,912
| – | – |
|
|
7
Elevance Health
ELV
$86.8B
| $980M | 5.08% |
4,080,597
+1,068,512
| +35% | +$293M |
|
8
Union Pacific
UNP
$174B
| $791M | 4.1% |
4,882,781
+155,000
| +3% | +$26.1M |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.23T
| $755M | 3.92% |
12,360,420
+1,366,000
| +12% | +$80.9M |
|
10
S&P Global
SPGI
$123B
| $486M | 2.52% |
1,982,414
| – | – |
|
|
UNVR
11
DELISTED
Univar Solutions Inc.
UNVR
| $346M | 1.8% |
16,679,200
+914,900
| +6% | +$18.9M |
|
|
RTN
12
DELISTED
Raytheon Company
RTN
| $230M | 1.19% |
+1,169,860
| New | +$217M |
|
13
Visa
V
$680B
| $204M | 1.06% |
1,183,542
+313,442
| +36% | +$55.8M |
|
|
14
Equifax
EFX
$21.2B
| $110M | 0.57% |
780,639
-853,444
| -52% | -$120M |
|
15
Autodesk
ADSK
$53.1B
| $16.7M | 0.09% |
+113,000
| New | +$17.6M |
|
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Chris Hohn's Q3 2019 Portfolio in Review
As of Q3 2019, Chris Hohn held 15 positions worth $19.3B, up 4% from $18.5B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Chris Hohn's Q3 2019 filing shows 2 new, 9 increased and 2 reduced positions. Its largest new stake was Raytheon Company: 1,169,860 shares worth $230M. The largest sale was Microsoft, an estimated $790M.
By sector, the portfolio is most concentrated in Communication Services at 48% of assets, up from 44% a quarter earlier, followed by Industrials and Financials.
- Chris Hohn's largest Q3 2019 buy was Raytheon Company: 1,169,860 shares worth $230M.
- Chris Hohn added most to Elevance Health in Q3 2019, an estimated $293M increase.
- Chris Hohn's biggest Q3 2019 reduction was Microsoft, cutting an estimated $790M.
- Chris Hohn's ten largest holdings make up 95% of its $19.3B portfolio in Q3 2019.
- Chris Hohn opened 2 new positions and closed 0 in Q3 2019.
- Chris Hohn's portfolio value rose 4% quarter-over-quarter to $19.3B.
Based on TCI Fund Management's 13F filing for Q3 2019, filed 14 Nov 2019.