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 |
Canadian National Railway
CNI
|
+$1.03B |
| 2 |
Boston Properties
BXP
|
+$301M |
| 3 |
Charter Communications
CHTR
|
+$89.2M |
| 4 |
Alexandria Real Estate Equities
ARE
|
+$29.2M |
| 5 |
Kilroy Realty
KRC
|
+$8.31M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Union Pacific
UNP
|
+$65.8M |
| 2 |
Lam Research
LRCX
|
+$10.3M |
| 3 |
KLA
KLAC
|
+$10.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 40.9% |
| 2 | Industrials | 21.77% |
| 3 | Financials | 20.12% |
| 4 | Technology | 13.84% |
| 5 | Real Estate | 3.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Charter Communications
CHTR
$18.4B
| $7.49B | 18.69% |
10,385,430
+132,549
| +1% | +$89.2M |
|
2
Alphabet (Google) Class C
GOOG
$4.2T
| $7.4B | 18.45% |
59,046,140
| – | – |
|
3
Microsoft
MSFT
$3.68T
| $5.55B | 13.84% |
20,483,405
| – | – |
|
4
Canadian Pacific Kansas City
CP
$82.2B
| $4.3B | 10.71% |
55,860,385
| – | – |
|
5
Visa
V
$680B
| $3.29B | 8.2% |
14,057,890
| – | – |
|
|
6
Canadian National Railway
CNI
$76.7B
| $3.18B | 7.92% |
30,107,803
+9,334,385
| +45% | +$1.03B |
|
7
S&P Global
SPGI
$123B
| $2.4B | 5.99% |
5,853,460
| – | – |
|
8
Moody's
MCO
$84B
| $2.38B | 5.93% |
6,562,790
| – | – |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.23T
| $1.51B | 3.76% |
12,360,420
| – | – |
|
|
10
Boston Properties
BXP
$10.9B
| $1.31B | 3.27% |
11,432,392
+2,678,754
| +31% | +$301M |
|
|
11
Union Pacific
UNP
$174B
| $1.26B | 3.14% |
5,721,210
-295,329
| -5% | -$65.8M |
|
|
12
Alexandria Real Estate Equities
ARE
$8.28B
| $29.7M | 0.07% |
+163,000
| New | +$29.2M |
|
|
13
Kilroy Realty
KRC
$4.22B
| $8.36M | 0.02% |
+120,083
| New | +$8.31M |
|
|
14
KLA
KLAC
$266B
| – | – |
-306,000
| Closed | -$10.1M |
|
|
15
Lam Research
LRCX
$416B
| – | – |
-173,000
| Closed | -$10.3M |
|
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Chris Hohn's Q2 2021 Portfolio in Review
As of Q2 2021, Chris Hohn held 15 positions worth $40.1B, up 16% from $34.4B the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Chris Hohn deployed $1.37B of net new capital in Q2 2021, opening 2 new positions and adding to 3 existing holdings. Its largest new stake was Alexandria Real Estate Equities: 163,000 shares worth $29.7M.
By sector, the portfolio is most concentrated in Communication Services at 41% of assets, up from 40% a quarter earlier, followed by Industrials and Financials.
On the sell side, the largest reduction was Union Pacific, an estimated $65.8M trimmed.
- Chris Hohn's largest Q2 2021 buy was Alexandria Real Estate Equities: 163,000 shares worth $29.7M.
- Chris Hohn added most to Canadian National Railway in Q2 2021, an estimated $1.03B increase.
- Chris Hohn's biggest Q2 2021 reduction was Union Pacific, cutting an estimated $65.8M.
- Chris Hohn fully exited Lam Research in Q2 2021, selling an estimated $10.3M.
- Chris Hohn's ten largest holdings make up 97% of its $40.1B portfolio in Q2 2021.
- Chris Hohn opened 2 new positions and closed 2 in Q2 2021.
- Chris Hohn's portfolio value rose 16% quarter-over-quarter to $40.1B.
Based on TCI Fund Management's 13F filing for Q2 2021, filed 16 Aug 2021.