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 |
Microsoft
MSFT
|
+$1.43B |
| 2 |
S&P Global
SPGI
|
+$1.16B |
| 3 |
Boston Properties
BXP
|
+$38.2M |
| 4 |
Lam Research
LRCX
|
+$9.43M |
| 5 |
KLA
KLAC
|
+$9.22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vornado Realty Trust
VNO
|
+$183M |
| 2 |
Charter Communications
CHTR
|
+$98.6M |
| 3 |
Amazon
AMZN
|
+$9.12M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 39.8% |
| 2 | Industrials | 23.22% |
| 3 | Financials | 20.33% |
| 4 | Technology | 14.08% |
| 5 | Real Estate | 2.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Charter Communications
CHTR
$18.4B
| $6.33B | 18.37% |
10,252,881
-157,824
| -2% | -$98.6M |
|
2
Alphabet (Google) Class C
GOOG
$4.2T
| $6.11B | 17.73% |
59,046,140
| – | – |
|
|
3
Microsoft
MSFT
$3.68T
| $4.83B | 14.02% |
20,483,405
+6,168,906
| +43% | +$1.43B |
|
4
Canadian Pacific Kansas City
CP
$82.2B
| $4.26B | 12.37% |
55,860,385
| – | – |
|
5
Visa
V
$680B
| $2.98B | 8.64% |
14,057,890
| – | – |
|
6
Canadian National Railway
CNI
$76.7B
| $2.41B | 7% |
20,773,418
| – | – |
|
|
7
S&P Global
SPGI
$123B
| $2.07B | 6% |
5,853,460
+3,491,166
| +148% | +$1.16B |
|
8
Moody's
MCO
$84B
| $1.96B | 5.69% |
6,562,790
+9,300
| +0.1% | +$2.62M |
|
9
Union Pacific
UNP
$174B
| $1.33B | 3.85% |
6,016,539
| – | – |
|
|
10
Alphabet (Google) Class A
GOOGL
$4.23T
| $1.27B | 3.7% |
12,360,420
| – | – |
|
|
11
Boston Properties
BXP
$10.9B
| $886M | 2.57% |
8,753,638
+391,600
| +5% | +$38.2M |
|
|
12
Lam Research
LRCX
$416B
| $10.3M | 0.03% |
+173,000
| New | +$9.43M |
|
|
13
KLA
KLAC
$266B
| $10.1M | 0.03% |
+306,000
| New | +$9.22M |
|
|
14
Amazon
AMZN
$2.83T
| – | – |
-56,000
| Closed | -$9.12M |
|
|
15
Vornado Realty Trust
VNO
$7.28B
| – | – |
-4,904,776
| Closed | -$183M |
|
Similar funds
Chris Hohn's Q1 2021 Portfolio in Review
As of Q1 2021, Chris Hohn held 15 positions worth $34.4B, up 13% from $30.5B the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Chris Hohn deployed $2.36B of net new capital in Q1 2021, opening 2 new positions and adding to 4 existing holdings. Its largest new stake was Lam Research: 173,000 shares worth $10.3M.
By sector, the portfolio is most concentrated in Communication Services at 40% of assets, down from 43% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was Charter Communications, an estimated $98.6M trimmed.
- Chris Hohn's largest Q1 2021 buy was Lam Research: 173,000 shares worth $10.3M.
- Chris Hohn added most to Microsoft in Q1 2021, an estimated $1.43B increase.
- Chris Hohn's biggest Q1 2021 reduction was Charter Communications, cutting an estimated $98.6M.
- Chris Hohn fully exited Vornado Realty Trust in Q1 2021, selling an estimated $183M.
- Chris Hohn's ten largest holdings make up 97% of its $34.4B portfolio in Q1 2021.
- Chris Hohn opened 2 new positions and closed 2 in Q1 2021.
- Chris Hohn's portfolio value rose 13% quarter-over-quarter to $34.4B.
Based on TCI Fund Management's 13F filing for Q1 2021, filed 17 May 2021.