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 |
Visa
V
|
+$568M |
| 2 |
Boston Properties
BXP
|
+$318M |
| 3 |
Vornado Realty Trust
VNO
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$712M |
| 2 |
UNVR
Univar Solutions Inc.
UNVR
|
+$213M |
| 3 |
Moody's
MCO
|
+$68.4M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$46.5M |
| 5 |
Microsoft
MSFT
|
+$29.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 42.14% |
| 2 | Industrials | 24.38% |
| 3 | Financials | 19.95% |
| 4 | Technology | 10.8% |
| 5 | Real Estate | 2.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charter Communications
CHTR
$18.4B
| $6.5B | 23.32% |
10,410,705
-34,067
| -0.3% | -$20.1M |
|
|
2
Alphabet (Google) Class C
GOOG
$4.2T
| $4.34B | 15.57% |
59,074,400
-609,080
| -1% | -$46.5M |
|
3
Canadian Pacific Kansas City
CP
$82.2B
| $3.4B | 12.19% |
55,860,385
-355,235
| -0.6% | -$20.3M |
|
|
4
Microsoft
MSFT
$3.68T
| $3.01B | 10.8% |
14,314,499
-140,941
| -1% | -$29.6M |
|
|
5
Visa
V
$680B
| $2.81B | 10.08% |
14,057,890
+2,842,505
| +25% | +$568M |
|
6
Canadian National Railway
CNI
$76.7B
| $2.21B | 7.94% |
20,802,265
-200,105
| -1% | -$20.1M |
|
|
7
Moody's
MCO
$84B
| $1.9B | 6.81% |
6,553,490
-239,750
| -4% | -$68.4M |
|
8
Union Pacific
UNP
$174B
| $1.18B | 4.25% |
6,016,539
| – | – |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.23T
| $906M | 3.25% |
12,360,420
| – | – |
|
10
S&P Global
SPGI
$123B
| $852M | 3.06% |
2,362,294
-62,652
| -3% | -$22.1M |
|
|
11
Boston Properties
BXP
$10.9B
| $417M | 1.49% |
5,186,802
+3,646,609
| +237% | +$318M |
|
|
12
Vornado Realty Trust
VNO
$7.28B
| $335M | 1.2% |
9,926,516
+5,737,374
| +137% | +$204M |
|
13
Amazon
AMZN
$2.83T
| $8.82M | 0.03% |
56,000
-58,000
| -51% | -$9.14M |
|
14
Adobe
ADBE
$105B
| – | – |
-3,430
| Closed | -$1.49M |
|
15
Autodesk
ADSK
$53.1B
| – | – |
-5,000
| Closed | -$1.2M |
|
16
Mastercard
MA
$499B
| – | – |
-97,450
| Closed | -$28.8M |
|
|
17
RTX Corp
RTX
$301B
| – | – |
-11,551,993
| Closed | -$712M |
|
|
UNVR
18
DELISTED
Univar Solutions Inc.
UNVR
| – | – |
-12,632,780
| Closed | -$213M |
|
Similar funds
Chris Hohn's Q3 2020 Portfolio in Review
As of Q3 2020, Chris Hohn held 18 positions worth $27.9B, up 11% from $25.2B the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Chris Hohn's Q3 2020 filing shows 3 increased, 8 reduced and 5 closed positions. The largest sale was RTX Corp, an estimated $712M.
By sector, the portfolio is most concentrated in Communication Services at 42% of assets, up from 41% a quarter earlier, followed by Industrials and Financials.
- Chris Hohn added most to Visa in Q3 2020, an estimated $568M increase.
- Chris Hohn's biggest Q3 2020 reduction was Moody's, cutting an estimated $68.4M.
- Chris Hohn fully exited RTX Corp in Q3 2020, selling an estimated $712M.
- Chris Hohn's ten largest holdings make up 97% of its $27.9B portfolio in Q3 2020.
- Chris Hohn opened 0 new positions and closed 5 in Q3 2020.
- Chris Hohn's portfolio value rose 11% quarter-over-quarter to $27.9B.
Based on TCI Fund Management's 13F filing for Q3 2020, filed 16 Nov 2020.