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 |
GE Aerospace
GE
|
+$2.19B |
| 2 |
Thermo Fisher Scientific
TMO
|
+$434M |
| 3 |
Moody's
MCO
|
+$350M |
| 4 |
S&P Global
SPGI
|
+$51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$2.99B |
| 2 |
Microsoft
MSFT
|
+$1.78B |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$1.41B |
| 4 |
Visa
V
|
+$144M |
| 5 |
Union Pacific
UNP
|
+$1.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 38.1% |
| 2 | Financials | 36.77% |
| 3 | Technology | 15.1% |
| 4 | Communication Services | 8.38% |
| 5 | Healthcare | 1.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.68T
| $4.41B | 15.1% |
15,299,188
-6,969,763
| -31% | -$1.78B |
|
|
2
Visa
V
$680B
| $4.35B | 14.89% |
19,291,821
-645,000
| -3% | -$144M |
|
3
Canadian National Railway
CNI
$76.7B
| $4.33B | 14.83% |
36,699,825
| – | – |
|
4
Canadian Pacific Kansas City
CP
$82.2B
| $4.3B | 14.72% |
55,860,385
| – | – |
|
|
5
S&P Global
SPGI
$123B
| $3.22B | 11.01% |
9,329,611
+145,038
| +2% | +$51M |
|
|
6
Moody's
MCO
$84B
| $3.17B | 10.87% |
10,369,479
+1,157,192
| +13% | +$350M |
|
|
7
GE Aerospace
GE
$382B
| $2.5B | 8.55% |
+32,719,272
| New | +$2.19B |
|
|
8
Alphabet (Google) Class C
GOOG
$4.2T
| $2.45B | 8.38% |
23,528,462
-31,012,228
| -57% | -$2.99B |
|
|
9
Thermo Fisher Scientific
TMO
$218B
| $481M | 1.65% |
834,150
+770,380
| +1,208% | +$434M |
|
|
10
Alphabet (Google) Class A
GOOGL
$4.23T
| – | – |
-15,961,420
| Closed | -$1.41B |
|
|
11
Union Pacific
UNP
$174B
| – | – |
-5,191
| Closed | -$1.07M |
|
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Chris Hohn's Q1 2023 Portfolio in Review
As of Q1 2023, Chris Hohn held 11 positions worth $29.2B, down 2.4% from $29.9B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Chris Hohn withdrew a net $3.3B in Q1 2023, closing 2 positions and reducing 3 holdings. Its most notable exit was Alphabet (Google) Class A, an estimated $1.41B position sold in full.
By sector, the portfolio is most concentrated in Industrials at 38% of assets, up from 28% a quarter earlier, followed by Financials and Technology.
Against the trend, Chris Hohn opened a new position in GE Aerospace worth $2.5B.
- Chris Hohn's largest Q1 2023 buy was GE Aerospace: 32,719,272 shares worth $2.5B.
- Chris Hohn added most to Thermo Fisher Scientific in Q1 2023, an estimated $434M increase.
- Chris Hohn's biggest Q1 2023 reduction was Alphabet (Google) Class C, cutting an estimated $2.99B.
- Chris Hohn fully exited Alphabet (Google) Class A in Q1 2023, selling an estimated $1.41B.
- Chris Hohn's ten largest holdings make up 100% of its $29.2B portfolio in Q1 2023.
- Chris Hohn opened 1 new position and closed 2 in Q1 2023.
- Chris Hohn's portfolio value fell 2.4% quarter-over-quarter to $29.2B.
Based on TCI Fund Management's 13F filing for Q1 2023, filed 15 May 2023.