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
|
+$624M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian National Railway
CNI
|
+$472M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 42.6% |
| 2 | Financials | 36.98% |
| 3 | Technology | 11.72% |
| 4 | Communication Services | 8.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
GE Aerospace
GE
$382B
| $9.09B | 20.64% |
48,180,376
| – | – |
|
2
Moody's
MCO
$84B
| $6.29B | 14.28% |
13,246,769
| – | – |
|
3
S&P Global
SPGI
$123B
| $5.37B | 12.21% |
10,400,077
| – | – |
|
|
4
Microsoft
MSFT
$3.68T
| $5.16B | 11.72% |
11,990,590
+1,458,700
| +14% | +$624M |
|
5
Canadian Pacific Kansas City
CP
$82.2B
| $4.7B | 10.67% |
54,913,285
| – | – |
|
6
Visa
V
$680B
| $4.62B | 10.49% |
16,797,187
| – | – |
|
|
7
Canadian National Railway
CNI
$76.7B
| $4.15B | 9.43% |
35,437,277
-4,051,108
| -10% | -$472M |
|
8
Alphabet (Google) Class C
GOOG
$4.2T
| $2.83B | 6.43% |
16,927,056
| – | – |
|
|
9
Alphabet (Google) Class A
GOOGL
$4.23T
| $1,000M | 2.27% |
6,027,410
| – | – |
|
10
Ferrovial N.V. Ordinary Shares
FER
$46.2B
| $820M | 1.86% |
19,279,592
| – | – |
|
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Chris Hohn's Q3 2024 Portfolio in Review
As of Q3 2024, Chris Hohn held 10 positions worth $44B, up 7.6% from $40.9B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Trading was light in Q3 2024: portfolio turnover was 0%. Chris Hohn opened no new positions and made no exits, leaving the 10-position portfolio largely intact.
By sector, the portfolio is most concentrated in Industrials at 43% of assets, up from 42% a quarter earlier, followed by Financials and Technology.
- Chris Hohn added most to Microsoft in Q3 2024, an estimated $624M increase.
- Chris Hohn's biggest Q3 2024 reduction was Canadian National Railway, cutting an estimated $472M.
- Chris Hohn's ten largest holdings make up 100% of its $44B portfolio in Q3 2024.
- Chris Hohn opened 0 new positions and closed 0 in Q3 2024.
- Chris Hohn's portfolio value rose 7.6% quarter-over-quarter to $44B.
Based on TCI Fund Management's 13F filing for Q3 2024, filed 14 Nov 2024.