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
|
+$1.35B |
| 2 |
GE Aerospace
GE
|
+$309M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$486M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$352M |
| 3 |
Canadian National Railway
CNI
|
+$283M |
| 4 |
Visa
V
|
+$54M |
| 5 |
Moody's
MCO
|
+$40.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 39.71% |
| 2 | Industrials | 38.86% |
| 3 | Technology | 14.97% |
| 4 | Communication Services | 6.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
GE Aerospace
GE
$382B
| $9.52B | 21.95% |
47,570,947
+1,571,071
| +3% | +$309M |
|
|
2
Microsoft
MSFT
$3.68T
| $6.49B | 14.97% |
17,299,881
+3,306,244
| +24% | +$1.35B |
|
|
3
Moody's
MCO
$84B
| $6.13B | 14.13% |
13,163,107
-83,662
| -0.6% | -$40.3M |
|
|
4
Visa
V
$680B
| $5.83B | 13.44% |
16,637,562
-159,625
| -1% | -$54M |
|
5
S&P Global
SPGI
$123B
| $5.26B | 12.14% |
10,361,269
-38,808
| -0.4% | -$19.8M |
|
6
Canadian Pacific Kansas City
CP
$82.2B
| $3.85B | 8.89% |
54,913,285
| – | – |
|
|
7
Canadian National Railway
CNI
$76.7B
| $2.62B | 6.04% |
26,899,078
-2,794,686
| -9% | -$283M |
|
|
8
Alphabet (Google) Class C
GOOG
$4.2T
| $2.16B | 4.99% |
13,855,735
-2,651,321
| -16% | -$486M |
|
9
Ferrovial N.V. Ordinary Shares
FER
$46.2B
| $861M | 1.99% |
19,520,075
| – | – |
|
|
10
Alphabet (Google) Class A
GOOGL
$4.23T
| $632M | 1.46% |
4,085,110
-1,942,300
| -32% | -$352M |
|
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Chris Hohn's Q1 2025 Portfolio in Review
As of Q1 2025, Chris Hohn held 10 positions worth $43.4B, up 2.3% from $42.4B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Trading was light in Q1 2025: 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 Financials at 40% of assets, up from 40% a quarter earlier, followed by Industrials and Technology.
- Chris Hohn added most to Microsoft in Q1 2025, an estimated $1.35B increase.
- Chris Hohn's biggest Q1 2025 reduction was Alphabet (Google) Class C, cutting an estimated $486M.
- Chris Hohn's ten largest holdings make up 100% of its $43.4B portfolio in Q1 2025.
- Chris Hohn opened 0 new positions and closed 0 in Q1 2025.
- Chris Hohn's portfolio value rose 2.3% quarter-over-quarter to $43.4B.
Based on TCI Fund Management's 13F filing for Q1 2025, filed 15 May 2025.