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
|
+$1.58B |
| 2 |
Thermo Fisher Scientific
TMO
|
+$1.26B |
| 3 |
Canadian National Railway
CNI
|
+$497M |
| 4 |
Ferguson
FERG
|
+$69.9M |
| 5 |
Moody's
MCO
|
+$47.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1.08B |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$582M |
| 3 |
Visa
V
|
+$345M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 41.93% |
| 2 | Financials | 34.52% |
| 3 | Technology | 11.98% |
| 4 | Communication Services | 6.65% |
| 5 | Healthcare | 4.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Canadian National Railway
CNI
$76.7B
| $4.95B | 14.71% |
40,888,953
+4,189,128
| +11% | +$497M |
|
|
2
GE Aerospace
GE
$382B
| $4.58B | 13.59% |
52,187,545
+19,468,273
| +60% | +$1.58B |
|
3
Canadian Pacific Kansas City
CP
$82.2B
| $4.51B | 13.41% |
55,860,385
| – | – |
|
|
4
Visa
V
$680B
| $4.22B | 12.55% |
17,786,169
-1,505,652
| -8% | -$345M |
|
|
5
Microsoft
MSFT
$3.68T
| $4.03B | 11.98% |
11,845,241
-3,453,947
| -23% | -$1.08B |
|
6
S&P Global
SPGI
$123B
| $3.74B | 11.11% |
9,329,611
| – | – |
|
|
7
Moody's
MCO
$84B
| $3.66B | 10.87% |
10,520,317
+150,838
| +1% | +$47.8M |
|
|
8
Alphabet (Google) Class C
GOOG
$4.2T
| $2.24B | 6.65% |
18,502,456
-5,026,006
| -21% | -$582M |
|
|
9
Thermo Fisher Scientific
TMO
$218B
| $1.66B | 4.92% |
3,173,182
+2,339,032
| +280% | +$1.26B |
|
|
10
Ferguson
FERG
$47.4B
| $77.2M | 0.23% |
+490,669
| New | +$69.9M |
|
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Chris Hohn's Q2 2023 Portfolio in Review
As of Q2 2023, Chris Hohn held 10 positions worth $33.7B, up 15% from $29.2B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Chris Hohn deployed $1.44B of net new capital in Q2 2023, opening 1 new position and adding to 4 existing holdings. Its largest new stake was Ferguson: 490,669 shares worth $77.2M.
By sector, the portfolio is most concentrated in Industrials at 42% of assets, up from 38% a quarter earlier, followed by Financials and Technology.
On the sell side, the largest reduction was Microsoft, an estimated $1.08B trimmed.
- Chris Hohn's largest Q2 2023 buy was Ferguson: 490,669 shares worth $77.2M.
- Chris Hohn added most to GE Aerospace in Q2 2023, an estimated $1.58B increase.
- Chris Hohn's biggest Q2 2023 reduction was Microsoft, cutting an estimated $1.08B.
- Chris Hohn's ten largest holdings make up 100% of its $33.7B portfolio in Q2 2023.
- Chris Hohn opened 1 new position and closed 0 in Q2 2023.
- Chris Hohn's portfolio value rose 15% quarter-over-quarter to $33.7B.
Based on TCI Fund Management's 13F filing for Q2 2023, filed 14 Aug 2023.