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
|
+$3.11B |
| 2 |
S&P Global
SPGI
|
+$52.6M |
| 3 |
Moody's
MCO
|
+$31M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.13B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$556M |
| 3 |
Microsoft
MSFT
|
+$496M |
| 4 |
Canadian National Railway
CNI
|
+$407M |
| 5 |
Canadian Pacific Kansas City
CP
|
+$226M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.54% |
| 2 | Industrials | 39.64% |
| 3 | Technology | 16.31% |
| 4 | Communication Services | 3.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
GE Aerospace
GE
$382B
| $14.3B | 27.12% |
47,510,431
| – | – |
|
|
2
Visa
V
$680B
| $9.58B | 18.18% |
28,057,351
+8,989,793
| +47% | +$3.11B |
|
|
3
Microsoft
MSFT
$3.68T
| $8.59B | 16.31% |
16,592,204
-973,027
| -6% | -$496M |
|
|
4
Moody's
MCO
$84B
| $6.34B | 12.03% |
13,308,479
+61,500
| +0.5% | +$31M |
|
|
5
S&P Global
SPGI
$123B
| $5.45B | 10.33% |
11,189,870
+98,247
| +0.9% | +$52.6M |
|
|
6
Canadian Pacific Kansas City
CP
$82.2B
| $3.71B | 7.05% |
49,865,735
-2,961,150
| -6% | -$226M |
|
|
7
Alphabet (Google) Class C
GOOG
$4.2T
| $1.85B | 3.51% |
7,596,819
-5,369,416
| -41% | -$1.13B |
|
|
8
Canadian National Railway
CNI
$76.7B
| $1.77B | 3.36% |
18,767,774
-4,221,292
| -18% | -$407M |
|
9
Ferrovial N.V. Ordinary Shares
FER
$46.2B
| $1.11B | 2.11% |
19,658,638
| – | – |
|
|
10
Alphabet (Google) Class A
GOOGL
$4.23T
| – | – |
-3,155,110
| Closed | -$556M |
|
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Chris Hohn's Q3 2025 Portfolio in Review
As of Q3 2025, Chris Hohn held 10 positions worth $52.7B, up 3.9% from $50.7B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Chris Hohn's Q3 2025 filing shows 3 increased, 4 reduced and 1 closed positions. The largest sale was Alphabet (Google) Class C, an estimated $1.13B.
By sector, the portfolio is most concentrated in Financials at 41% of assets, up from 38% a quarter earlier, followed by Industrials and Technology.
- Chris Hohn added most to Visa in Q3 2025, an estimated $3.11B increase.
- Chris Hohn's biggest Q3 2025 reduction was Alphabet (Google) Class C, cutting an estimated $1.13B.
- Chris Hohn fully exited Alphabet (Google) Class A in Q3 2025, selling an estimated $556M.
- Chris Hohn's ten largest holdings make up 100% of its $52.7B portfolio in Q3 2025.
- Chris Hohn opened 0 new positions and closed 1 in Q3 2025.
- Chris Hohn's portfolio value rose 3.9% quarter-over-quarter to $52.7B.
Based on TCI Fund Management's 13F filing for Q3 2025, filed 14 Nov 2025.