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
|
+$574M |
| 2 |
Moody's
MCO
|
+$264M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$201M |
| 4 |
S&P Global
SPGI
|
+$137M |
| 5 |
Thermo Fisher Scientific
TMO
|
+$33.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Union Pacific
UNP
|
+$1.13B |
| 2 |
Boston Properties
BXP
|
+$391M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.69% |
| 2 | Industrials | 28.47% |
| 3 | Communication Services | 20.87% |
| 4 | Technology | 17.84% |
| 5 | Healthcare | 0.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.68T
| $5.34B | 17.84% |
22,268,951
+2,391,274
| +12% | +$574M |
|
|
2
Alphabet (Google) Class C
GOOG
$4.2T
| $4.84B | 16.17% |
54,540,690
+2,109,900
| +4% | +$201M |
|
3
Canadian National Railway
CNI
$76.7B
| $4.36B | 14.56% |
36,699,825
| – | – |
|
4
Canadian Pacific Kansas City
CP
$82.2B
| $4.16B | 13.91% |
55,860,385
| – | – |
|
5
Visa
V
$680B
| $4.14B | 13.84% |
19,936,821
| – | – |
|
|
6
S&P Global
SPGI
$123B
| $3.08B | 10.28% |
9,184,573
+416,252
| +5% | +$137M |
|
|
7
Moody's
MCO
$84B
| $2.57B | 8.58% |
9,212,287
+966,080
| +12% | +$264M |
|
|
8
Alphabet (Google) Class A
GOOGL
$4.23T
| $1.41B | 4.71% |
15,961,420
| – | – |
|
|
9
Thermo Fisher Scientific
TMO
$218B
| $35.1M | 0.12% |
+63,770
| New | +$33.8M |
|
|
10
Union Pacific
UNP
$174B
| $1.07M | ﹤0.01% |
5,191
-5,528,907
| -100% | -$1.13B |
|
|
11
Boston Properties
BXP
$10.9B
| – | – |
-5,220,997
| Closed | -$391M |
|
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Chris Hohn's Q4 2022 Portfolio in Review
As of Q4 2022, Chris Hohn held 11 positions worth $29.9B, up 4.7% from $28.6B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Chris Hohn's Q4 2022 filing shows 1 new, 4 increased, 1 reduced and 1 closed positions. Its largest new stake was Thermo Fisher Scientific: 63,770 shares worth $35.1M. The largest sale was Union Pacific, an estimated $1.13B.
By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 29% a quarter earlier, followed by Industrials and Communication Services.
- Chris Hohn's largest Q4 2022 buy was Thermo Fisher Scientific: 63,770 shares worth $35.1M.
- Chris Hohn added most to Microsoft in Q4 2022, an estimated $574M increase.
- Chris Hohn's biggest Q4 2022 reduction was Union Pacific, cutting an estimated $1.13B.
- Chris Hohn fully exited Boston Properties in Q4 2022, selling an estimated $391M.
- Chris Hohn's ten largest holdings make up 100% of its $29.9B portfolio in Q4 2022.
- Chris Hohn opened 1 new position and closed 1 in Q4 2022.
- Chris Hohn's portfolio value rose 4.7% quarter-over-quarter to $29.9B.
Based on TCI Fund Management's 13F filing for Q4 2022, filed 14 Feb 2023.