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 |
Boston Properties
BXP
|
+$284M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vornado Realty Trust
VNO
|
+$183M |
| 2 |
Canadian National Railway
CNI
|
+$3.12M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$2.38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 43.13% |
| 2 | Industrials | 24.31% |
| 3 | Financials | 18.88% |
| 4 | Technology | 10.45% |
| 5 | Real Estate | 3.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charter Communications
CHTR
$18.4B
| $6.89B | 22.6% |
10,410,705
| – | – |
|
|
2
Alphabet (Google) Class C
GOOG
$4.2T
| $5.17B | 16.97% |
59,046,140
-28,260
| -0% | -$2.38M |
|
3
Canadian Pacific Kansas City
CP
$82.2B
| $3.87B | 12.71% |
55,860,385
| – | – |
|
4
Microsoft
MSFT
$3.68T
| $3.18B | 10.45% |
14,314,499
| – | – |
|
5
Visa
V
$680B
| $3.07B | 10.09% |
14,057,890
| – | – |
|
|
6
Canadian National Railway
CNI
$76.7B
| $2.28B | 7.49% |
20,773,418
-28,847
| -0.1% | -$3.12M |
|
7
Moody's
MCO
$84B
| $1.9B | 6.24% |
6,553,490
| – | – |
|
8
Union Pacific
UNP
$174B
| $1.25B | 4.11% |
6,016,539
| – | – |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.23T
| $1.08B | 3.55% |
12,360,420
| – | – |
|
|
10
Boston Properties
BXP
$10.9B
| $790M | 2.59% |
8,362,038
+3,175,236
| +61% | +$284M |
|
11
S&P Global
SPGI
$123B
| $777M | 2.55% |
2,362,294
| – | – |
|
|
12
Vornado Realty Trust
VNO
$7.28B
| $183M | 0.6% |
4,904,776
-5,021,740
| -51% | -$183M |
|
13
Amazon
AMZN
$2.83T
| $9.12M | 0.03% |
56,000
| – | – |
|
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Chris Hohn's Q4 2020 Portfolio in Review
As of Q4 2020, Chris Hohn held 13 positions worth $30.5B, up 9.3% from $27.9B the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Trading was light in Q4 2020: portfolio turnover was 0%. Chris Hohn opened no new positions and made no exits, leaving the 13-position portfolio largely intact.
By sector, the portfolio is most concentrated in Communication Services at 43% of assets, up from 42% a quarter earlier, followed by Industrials and Financials.
- Chris Hohn added most to Boston Properties in Q4 2020, an estimated $284M increase.
- Chris Hohn's biggest Q4 2020 reduction was Vornado Realty Trust, cutting an estimated $183M.
- Chris Hohn's ten largest holdings make up 97% of its $30.5B portfolio in Q4 2020.
- Chris Hohn opened 0 new positions and closed 0 in Q4 2020.
- Chris Hohn's portfolio value rose 9.3% quarter-over-quarter to $30.5B.
Based on TCI Fund Management's 13F filing for Q4 2020, filed 16 Feb 2021.