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 |
S&P Global
SPGI
|
+$693M |
| 2 |
Microsoft
MSFT
|
+$642M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$459M |
| 4 |
Moody's
MCO
|
+$287M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$249M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$1.15B |
| 2 |
Boston Properties
BXP
|
+$127M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 28.95% |
| 2 | Financials | 28.86% |
| 3 | Communication Services | 22.43% |
| 4 | Technology | 16.78% |
| 5 | Real Estate | 2.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Alphabet (Google) Class C
GOOG
$3.59T
| $5.42B | 17.14% |
49,515,740
+2,108,940
| +4% | +$249M |
2017 Q3
19 quarters
|
|
|
2
Microsoft
MSFT
$4.02T
| $5.04B | 15.95% |
19,629,035
+2,364,269
| +14% | +$642M |
2017 Q4
18 quarters
|
|
3
Canadian National Railway
CNI
$75.5B
| $4.13B | 13.06% |
36,699,825
| – | – |
2018 Q3
15 quarters
|
|
4
Visa
V
$786B
| $3.92B | 12.41% |
19,924,121
| – | – |
2019 Q2
12 quarters
|
|
5
Canadian Pacific Kansas City
CP
$81.1B
| $3.9B | 12.35% |
55,860,385
| – | – |
2018 Q1
17 quarters
|
|
|
6
S&P Global
SPGI
$136B
| $2.96B | 9.35% |
8,768,321
+1,945,249
| +29% | +$693M |
2017 Q1
21 quarters
|
|
|
7
Moody's
MCO
$87.1B
| $2.24B | 7.1% |
8,246,207
+960,375
| +13% | +$287M |
2015 Q2
28 quarters
|
|
|
8
Alphabet (Google) Class A
GOOGL
$3.61T
| $1.67B | 5.3% |
15,360,420
+3,900,000
| +34% | +$459M |
2017 Q4
18 quarters
|
|
9
Union Pacific
UNP
$175B
| $1.12B | 3.54% |
5,252,148
| – | – |
2017 Q2
20 quarters
|
|
|
10
Boston Properties
BXP
$10.6B
| $940M | 2.97% |
10,564,496
-1,146,700
| -10% | -$127M |
2020 Q2
8 quarters
|
|
11
Applied Materials
AMAT
$288B
| $173M | 0.55% |
+1,897,488
| New | +$208M |
2022 Q2
0 quarters
|
|
12
KLA
KLAC
$191B
| $49.6M | 0.16% |
+1,554,410
| New | +$52.3M |
2022 Q2
0 quarters
|
|
13
Lam Research
LRCX
$269B
| $38.2M | 0.12% |
+895,450
| New | +$42.6M |
2022 Q2
0 quarters
|
|
|
14
Charter Communications
CHTR
$13.5B
| – | – |
-2,111,453
| Closed | -$1.15B | – |
|
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Chris Hohn's Q2 2022 Portfolio in Review
As of Q2 2022, Chris Hohn held 14 positions worth $31.6B, down 14% from $36.8B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Chris Hohn deployed $1.36B of net new capital in Q2 2022, opening 3 new positions and adding to 5 existing holdings. Its largest new stake was Applied Materials: 1,897,488 shares worth $173M.
By sector, the portfolio is most concentrated in Industrials at 29% of assets, down from 30% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was Boston Properties, an estimated $127M trimmed.
- Chris Hohn's largest Q2 2022 buy was Applied Materials: 1,897,488 shares worth $173M.
- Chris Hohn added most to S&P Global in Q2 2022, an estimated $693M increase.
- Chris Hohn's biggest Q2 2022 reduction was Boston Properties, cutting an estimated $127M.
- Chris Hohn fully exited Charter Communications in Q2 2022, selling an estimated $1.15B.
- Chris Hohn's ten largest holdings make up 99% of its $31.6B portfolio in Q2 2022.
- Chris Hohn opened 3 new positions and closed 1 in Q2 2022.
- Chris Hohn's portfolio value fell 14% quarter-over-quarter to $31.6B.
Based on TCI Fund Management's 13F filing for Q2 2022, filed 15 Aug 2022.