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 |
RTX Corp
RTX
|
+$721M |
| 2 |
Visa
V
|
+$704M |
| 3 |
Vornado Realty Trust
VNO
|
+$163M |
| 4 |
Boston Properties
BXP
|
+$140M |
| 5 |
Microsoft
MSFT
|
+$83.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTN
Raytheon Company
RTN
|
+$1.37B |
| 2 |
Elevance Health
ELV
|
+$196M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$155M |
| 4 |
UNVR
Univar Solutions Inc.
UNVR
|
+$46.1M |
| 5 |
Linde
LIN
|
+$28.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 41.35% |
| 2 | Industrials | 25.59% |
| 3 | Financials | 19.28% |
| 4 | Technology | 11.68% |
| 5 | Real Estate | 1.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charter Communications
CHTR
$18.4B
| $5.33B | 21.13% |
10,444,772
| – | – |
|
|
2
Alphabet (Google) Class C
GOOG
$4.2T
| $4.22B | 16.74% |
59,683,480
-2,294,020
| -4% | -$155M |
|
|
3
Microsoft
MSFT
$3.68T
| $2.94B | 11.67% |
14,455,440
+458,722
| +3% | +$83.3M |
|
4
Canadian Pacific Kansas City
CP
$82.2B
| $2.86B | 11.36% |
56,215,620
+69,995
| +0.1% | +$3.32M |
|
|
5
Visa
V
$680B
| $2.17B | 8.6% |
11,215,385
+3,853,636
| +52% | +$704M |
|
6
Moody's
MCO
$84B
| $1.87B | 7.4% |
6,793,240
-19,456
| -0.3% | -$4.94M |
|
7
Canadian National Railway
CNI
$76.7B
| $1.86B | 7.38% |
21,002,370
+90,469
| +0.4% | +$7.53M |
|
8
Union Pacific
UNP
$174B
| $1.02B | 4.04% |
6,016,539
+11,895
| +0.2% | +$1.91M |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.23T
| $876M | 3.48% |
12,360,420
| – | – |
|
10
S&P Global
SPGI
$123B
| $799M | 3.17% |
2,424,946
| – | – |
|
|
11
RTX Corp
RTX
$301B
| $712M | 2.82% |
+11,551,993
| New | +$721M |
|
|
UNVR
12
DELISTED
Univar Solutions Inc.
UNVR
| $213M | 0.85% |
12,632,780
-3,210,221
| -20% | -$46.1M |
|
|
13
Vornado Realty Trust
VNO
$7.28B
| $160M | 0.64% |
+4,189,142
| New | +$163M |
|
|
14
Boston Properties
BXP
$10.9B
| $139M | 0.55% |
+1,540,193
| New | +$140M |
|
15
Mastercard
MA
$499B
| $28.8M | 0.11% |
97,450
| – | – |
|
16
Amazon
AMZN
$2.83T
| $15.7M | 0.06% |
114,000
| – | – |
|
17
Adobe
ADBE
$105B
| $1.49M | 0.01% |
3,430
| – | – |
|
18
Autodesk
ADSK
$53.1B
| $1.2M | ﹤0.01% |
5,000
| – | – |
|
|
19
Elevance Health
ELV
$86.8B
| – | – |
-861,377
| Closed | -$196M |
|
|
20
Linde
LIN
$223B
| – | – |
-167,130
| Closed | -$28.9M |
|
|
RTN
21
DELISTED
Raytheon Company
RTN
| – | – |
-10,428,073
| Closed | -$1.37B |
|
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Chris Hohn's Q2 2020 Portfolio in Review
As of Q2 2020, Chris Hohn held 21 positions worth $25.2B, up 20% from $21.1B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Chris Hohn's Q2 2020 filing shows 3 new, 5 increased, 3 reduced and 3 closed positions. Its largest new stake was RTX Corp: 11,551,993 shares worth $712M. The largest sale was Raytheon Company, an estimated $1.37B.
By sector, the portfolio is most concentrated in Communication Services at 41% of assets, down from 42% a quarter earlier, followed by Industrials and Financials.
- Chris Hohn's largest Q2 2020 buy was RTX Corp: 11,551,993 shares worth $712M.
- Chris Hohn added most to Visa in Q2 2020, an estimated $704M increase.
- Chris Hohn's biggest Q2 2020 reduction was Alphabet (Google) Class C, cutting an estimated $155M.
- Chris Hohn fully exited Raytheon Company in Q2 2020, selling an estimated $1.37B.
- Chris Hohn's ten largest holdings make up 95% of its $25.2B portfolio in Q2 2020.
- Chris Hohn opened 3 new positions and closed 3 in Q2 2020.
- Chris Hohn's portfolio value rose 20% quarter-over-quarter to $25.2B.
Based on TCI Fund Management's 13F filing for Q2 2020, filed 14 Aug 2020.