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
|
+$677M |
| 2 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$487M |
| 3 |
Union Pacific
UNP
|
+$101M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
S&P Global
SPGI
|
+$488M |
| 2 |
Charter Communications
CHTR
|
+$380M |
| 3 |
Boston Properties
BXP
|
+$61M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 39.93% |
| 2 | Industrials | 22.68% |
| 3 | Financials | 21.01% |
| 4 | Technology | 12.63% |
| 5 | Real Estate | 3.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$4.2T
| $8.54B | 19.22% |
59,046,140
| – | – |
|
|
2
Charter Communications
CHTR
$18.4B
| $6.39B | 14.38% |
9,800,605
-558,487
| -5% | -$380M |
|
3
Microsoft
MSFT
$3.68T
| $5.61B | 12.63% |
16,683,044
| – | – |
|
|
4
Visa
V
$680B
| $5B | 11.26% |
23,094,422
+3,155,111
| +16% | +$677M |
|
5
Canadian National Railway
CNI
$76.7B
| $4.51B | 10.15% |
36,699,825
| – | – |
|
6
Canadian Pacific Kansas City
CP
$82.2B
| $4.02B | 9.05% |
55,860,385
| – | – |
|
7
Moody's
MCO
$84B
| $2.56B | 5.77% |
6,562,790
| – | – |
|
|
8
Alphabet (Google) Class A
GOOGL
$4.23T
| $1.79B | 4.03% |
12,360,420
| – | – |
|
|
9
S&P Global
SPGI
$123B
| $1.77B | 3.98% |
3,747,284
-1,066,154
| -22% | -$488M |
|
|
10
Union Pacific
UNP
$174B
| $1.55B | 3.48% |
6,145,915
+424,705
| +7% | +$101M |
|
|
11
Boston Properties
BXP
$10.9B
| $1.44B | 3.23% |
12,458,851
-529,898
| -4% | -$61M |
|
|
INFO
12
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $1.02B | 2.29% |
7,660,706
+3,821,464
| +100% | +$487M |
|
13
Alexandria Real Estate Equities
ARE
$8.28B
| $233M | 0.52% |
1,044,359
| – | – |
|
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Chris Hohn's Q4 2021 Portfolio in Review
As of Q4 2021, Chris Hohn held 13 positions worth $44.4B, up 6.7% from $41.6B the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Trading was light in Q4 2021: 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 40% of assets, down from 42% a quarter earlier, followed by Industrials and Financials.
- Chris Hohn added most to Visa in Q4 2021, an estimated $677M increase.
- Chris Hohn's biggest Q4 2021 reduction was S&P Global, cutting an estimated $488M.
- Chris Hohn's ten largest holdings make up 94% of its $44.4B portfolio in Q4 2021.
- Chris Hohn opened 0 new positions and closed 0 in Q4 2021.
- Chris Hohn's portfolio value rose 6.7% quarter-over-quarter to $44.4B.
Based on TCI Fund Management's 13F filing for Q4 2021, filed 14 Feb 2022.