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 |
Visa
V
|
+$847M |
| 2 |
S&P Global
SPGI
|
+$364M |
| 3 |
Microsoft
MSFT
|
+$115M |
| 4 |
Moody's
MCO
|
+$38.8M |
| 5 |
Ferrovial N.V. Ordinary Shares
FER
|
+$6.75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian National Railway
CNI
|
+$398M |
| 2 |
Canadian Pacific Kansas City
CP
|
+$160M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$152M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$147M |
| 5 |
GE Aerospace
GE
|
+$13.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 39.15% |
| 2 | Financials | 37.99% |
| 3 | Technology | 17.23% |
| 4 | Communication Services | 5.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
GE Aerospace
GE
$382B
| $12.2B | 24.12% |
47,510,431
-60,516
| -0.1% | -$13.3M |
|
|
2
Microsoft
MSFT
$3.68T
| $8.74B | 17.23% |
17,565,231
+265,350
| +2% | +$115M |
|
|
3
Visa
V
$680B
| $6.77B | 13.35% |
19,067,558
+2,429,996
| +15% | +$847M |
|
|
4
Moody's
MCO
$84B
| $6.64B | 13.1% |
13,246,979
+83,872
| +0.6% | +$38.8M |
|
|
5
S&P Global
SPGI
$123B
| $5.85B | 11.53% |
11,091,623
+730,354
| +7% | +$364M |
|
|
6
Canadian Pacific Kansas City
CP
$82.2B
| $4.19B | 8.26% |
52,826,885
-2,086,400
| -4% | -$160M |
|
|
7
Canadian National Railway
CNI
$76.7B
| $2.39B | 4.72% |
22,989,066
-3,910,012
| -15% | -$398M |
|
|
8
Alphabet (Google) Class C
GOOG
$4.2T
| $2.3B | 4.54% |
12,966,235
-889,500
| -6% | -$147M |
|
|
9
Ferrovial N.V. Ordinary Shares
FER
$46.2B
| $1.04B | 2.05% |
19,658,638
+138,563
| +0.7% | +$6.75M |
|
|
10
Alphabet (Google) Class A
GOOGL
$4.23T
| $556M | 1.1% |
3,155,110
-930,000
| -23% | -$152M |
|
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Chris Hohn's Q2 2025 Portfolio in Review
As of Q2 2025, Chris Hohn held 10 positions worth $50.7B, up 17% from $43.4B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Trading was light in Q2 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 Industrials at 39% of assets, up from 39% a quarter earlier, followed by Financials and Technology.
- Chris Hohn added most to Visa in Q2 2025, an estimated $847M increase.
- Chris Hohn's biggest Q2 2025 reduction was Canadian National Railway, cutting an estimated $398M.
- Chris Hohn's ten largest holdings make up 100% of its $50.7B portfolio in Q2 2025.
- Chris Hohn opened 0 new positions and closed 0 in Q2 2025.
- Chris Hohn's portfolio value rose 17% quarter-over-quarter to $50.7B.
Based on TCI Fund Management's 13F filing for Q2 2025, filed 14 Aug 2025.