Chris Hohn - TCI Fund Management
Chris Hohn founded TCI (The Children's Investment Fund) in 2003 — a highly successful activist firm known for concentrated, long-term stakes in high-quality businesses, with a linked charitable foundation.
Chris Hohn - TCI Fund Management manages a $45B U.S. equity portfolio of 10 positions, based on the latest SEC Form 13F-HR filing (Q1 2026). Below you'll find every holding, the biggest quarter-over-quarter buys and sells, position weights, and an estimated average buy price.
Portfolio Value
$45B
Positions
10
Top 10 Weight
100.00%
Largest Position
29.85%
As of
Q1 2026
Filed
May 15, 2026
Portfolio Composition
Strategy Snapshot
- › Portfolio value fell 15.8% quarter-over-quarter to $45B.
- › Highly concentrated portfolio — the top 10 holdings make up 100.0% of assets.
- › This quarter: 1 new buys, 4 adds, 2 trims, 0 full exits — net buyer
- › Biggest new buy: ALPHABET INC (GOOGL) ($706M)
Changes since Q4 2025
New Buys
- ALPHABET INC (GOOGL)$706M
Added To / Trimmed
- MICROSOFT CORP (MSFT)−83.7%
- S&P GLOBAL INC (SPGI)++19.0%
- VISA INC (V)++9.9%
- MOODYS CORP (MCO)++7.7%
- ALPHABET INC (GOOG)++16.5%
- CANADIAN PACIFIC KANSAS CITY (CP)−2.4%
Exited
None
Current Holdings
| # | Security | Value | % of Portfolio | Avg Buy Price | Price | Gain | vs 52W High | This Qtr | Last Activity | First Buy |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | GE AEROSPACE GE | $13B | 29.85% | ~$160.33 | $357.03 | +122.7% | −1.5% | UNCH | Sold Q2 2025 | Q2 2024 |
| 2 | VISA INC V | $9B | 20.39% | ~$296.35 | $330.38 | +11.5% | −8.1% | +9.9% | Bought Q1 2026 | Q2 2024 |
| 3 | MOODYS CORP MCO | $6B | 13.84% | ~$422.74 | $456.22 | +7.9% | −16.6% | +7.7% | Bought Q1 2026 | Q2 2024 |
| 4 | S&P GLOBAL INC SPGI | $5B | 13.22% | ~$450.49 | $418.02 | −7.2% | −27.8% | +19.0% | Bought Q1 2026 | Q2 2024 |
| 5 | CANADIAN PACIFIC KANSAS CITY CP | $3B | 8.10% | ~$78.75 | $85.61 | +8.7% | −6.5% | −2.4% | Sold Q1 2026 | Q2 2024 |
| 6 | ALPHABET INC GOOG | $2B | 5.62% | ~$198.11 | $362.10 | +82.8% | −10.5% | +16.5% | Bought Q1 2026 | Q2 2024 |
| 7 | FERROVIAL SE | $1B | 2.94% | ~$40.58 | — | — | — | UNCH | Bought Q4 2025 | Q2 2024 |
| 8 | CANADIAN NATL RY CO CNI | $1B | 2.24% | ~$118.16 | $113.96 | −3.6% | −7.0% | UNCH | Sold Q4 2025 | Q2 2024 |
| 9 | MICROSOFT CORP MSFT | $1B | 2.24% | ~$430.56 | $378.91 | −12.0% | −31.8% | −83.7% | Sold Q1 2026 | Q2 2024 |
| 10 | ALPHABET INC GOOGL | $706M | 1.56% | ~$287.56 | $363.79 | +26.5% | −11.0% | NEW | Bought Q1 2026 | Q2 2024 |
Filing History
| Period | Portfolio Value | QoQ Change | Positions | Filed |
|---|---|---|---|---|
| Q1 2026 | $45B | −15.8% | 10 | May 15, 2026 |
| Q4 2025 | $53B | +1.8% | 9 | Feb 17, 2026 |
| Q3 2025 | $52B | +3.9% | 9 | Nov 14, 2025 |
| Q2 2025 | $50B | +16.9% | 10 | Aug 14, 2025 |
| Q1 2025 | $43B | +2.3% | 10 | May 15, 2025 |
| Q4 2024 | $42B | −3.6% | 10 | Feb 14, 2025 |
| Q3 2024 | $44B | +7.6% | 10 | Nov 14, 2024 |
| Q2 2024 | $40B | — | 10 | Aug 14, 2024 |
Frequently Asked Questions
What stocks does Chris Hohn - TCI Fund Management own?
As of Q1 2026, Chris Hohn - TCI Fund Management held 10 U.S.-listed positions worth $45B. The largest is GE AEROSPACE (GE) (29.85% of the portfolio). The full holdings list is in the table above.
What is Chris Hohn - TCI Fund Management's largest holding?
GE AEROSPACE (GE) — about 29.85% of the equity portfolio as of Q1 2026.
What did Chris Hohn - TCI Fund Management buy recently?
Their biggest new position last quarter was ALPHABET INC (GOOGL) ($706M).
Do these holdings reflect Chris Hohn - TCI Fund Management's current portfolio?
They reflect the latest 13F filing (Q1 2026), which can lag actual trades by up to 45 days and excludes short positions, cash, and non-U.S. holdings.