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
|
+$1.38B |
| 2 |
Canadian National Railway
CNI
|
+$729M |
| 3 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$453M |
| 4 |
Boston Properties
BXP
|
+$178M |
| 5 |
Alexandria Real Estate Equities
ARE
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.11B |
| 2 |
S&P Global
SPGI
|
+$451M |
| 3 |
Charter Communications
CHTR
|
+$20M |
| 4 |
Kilroy Realty
KRC
|
+$8.36M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 42.04% |
| 2 | Industrials | 21.63% |
| 3 | Financials | 21.17% |
| 4 | Technology | 11.29% |
| 5 | Real Estate | 3.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$4.2T
| $7.87B | 18.9% |
59,046,140
| – | – |
|
|
2
Charter Communications
CHTR
$18.4B
| $7.54B | 18.1% |
10,359,092
-26,338
| -0.3% | -$20M |
|
|
3
Microsoft
MSFT
$3.68T
| $4.7B | 11.29% |
16,683,044
-3,800,361
| -19% | -$1.11B |
|
|
4
Visa
V
$680B
| $4.44B | 10.67% |
19,939,311
+5,881,421
| +42% | +$1.38B |
|
|
5
Canadian National Railway
CNI
$76.7B
| $4.25B | 10.2% |
36,699,825
+6,592,022
| +22% | +$729M |
|
6
Canadian Pacific Kansas City
CP
$82.2B
| $3.64B | 8.74% |
55,860,385
| – | – |
|
7
Moody's
MCO
$84B
| $2.33B | 5.6% |
6,562,790
| – | – |
|
|
8
S&P Global
SPGI
$123B
| $2.05B | 4.91% |
4,813,438
-1,040,022
| -18% | -$451M |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.23T
| $1.65B | 3.97% |
12,360,420
| – | – |
|
|
10
Boston Properties
BXP
$10.9B
| $1.41B | 3.38% |
12,988,749
+1,556,357
| +14% | +$178M |
|
11
Union Pacific
UNP
$174B
| $1.12B | 2.69% |
5,721,210
| – | – |
|
|
INFO
12
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $448M | 1.08% |
+3,839,242
| New | +$453M |
|
|
13
Alexandria Real Estate Equities
ARE
$8.28B
| $200M | 0.48% |
1,044,359
+881,359
| +541% | +$175M |
|
|
14
Kilroy Realty
KRC
$4.22B
| – | – |
-120,083
| Closed | -$8.36M |
|
Similar funds
Chris Hohn's Q3 2021 Portfolio in Review
As of Q3 2021, Chris Hohn held 14 positions worth $41.6B, up 3.9% from $40.1B the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Chris Hohn deployed $1.33B of net new capital in Q3 2021, opening 1 new position and adding to 4 existing holdings. Its largest new stake was IHS Markit Ltd. Common Shares: 3,839,242 shares worth $448M.
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.
On the sell side, the largest reduction was Microsoft, an estimated $1.11B trimmed.
- Chris Hohn's largest Q3 2021 buy was IHS Markit Ltd. Common Shares: 3,839,242 shares worth $448M.
- Chris Hohn added most to Visa in Q3 2021, an estimated $1.38B increase.
- Chris Hohn's biggest Q3 2021 reduction was Microsoft, cutting an estimated $1.11B.
- Chris Hohn fully exited Kilroy Realty in Q3 2021, selling an estimated $8.36M.
- Chris Hohn's ten largest holdings make up 96% of its $41.6B portfolio in Q3 2021.
- Chris Hohn opened 1 new position and closed 1 in Q3 2021.
- Chris Hohn's portfolio value rose 3.9% quarter-over-quarter to $41.6B.
Based on TCI Fund Management's 13F filing for Q3 2021, filed 15 Nov 2021.