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Chris Hohn

TCI Fund Management

TCI Fund Management Portfolio 13F

Chris Hohn Holdings Activity

Portfolio value:
$53.65B≈ (+$949M≈)
Previous value:
$52.70B≈
# of changes:
6
New positions:
0
Reported for:
31 Dec 2025 (Q4)
Latest filing date:
17 Feb 2026
TCI Fund Management has disclosed a total of 6 changes to the portfolio in the (2025 Q4) SEC report(s): increased the number of shares of 3 and decreased the number of shares of 3 position(s).

What stocks did Chris Hohn buy in 2025 Q4?

During 2025 Q4 Chris Hohn has purchased 3 securities: (MSFT) Microsoft Corp (added shares +1.14%), (SPGI) S&P Global Inc (added shares +5.37%) and (FER) FERROVIAL NV (added shares +6.52%).

What did Chris Hohn invest in during 2025 Q4?

Chris Hohn's top 5 holdings (by % of portfolio) were (GE) GE Aerospace (27.28%), (V) Visa Inc, CL-A (18.12%), (MSFT) Microsoft Corp (15.13%), (MCO) Moodys Corp (12.67%) and (SPGI) S&P Global Inc (11.48%).
In the 2025 Q4 report(s) the following changes have been made to the top investments: (V) Visa Inc, CL-A (reduced shares -1.19%), (MSFT) Microsoft Corp (added shares +1.14%) and (SPGI) S&P Global Inc (added shares +5.37%).
6 results
History Ticker Name % or
activity 		Shares
change 		Shares
held after* 		% change
to portfolio 		Reported
price* 		% difference
current price* 		% of
portfolio 		Held since* Held for*
FERROVIAL NV FER
FERROVIAL NV
+6.52%
+1,269,548
20,740,214
+0.15%
$65.00
+1.29%($65.84)
2.51%
2024 Q2
≈ 1.75 years
S&P Global Inc SPGI
S&P Global Inc
+5.37%
+600,440
11,790,310
+0.58%
$522.59
-20.96%($413.03)
11.48%
2017 Q1
≈ 9.00 years
Microsoft Corp MSFT
Microsoft Corp
+1.14%
+189,749
16,781,953
+0.17%
$483.62
+1.07%($488.80)
15.13%
2023 Q4
≈ 2.25 years
Visa Inc, CL-A V
Visa Inc, CL-A
-1.19%
-333,118
27,724,233
-0.22%
$350.71
+4.33%($365.91)
18.12%
2019 Q2
≈ 6.75 years
Canadian Pacific Kansas City Limited CP
Canadian Pacific Kansas City Limited
-4.43%
-2,211,312
47,654,423
-0.31%
$73.63
+21.21%($89.24)
6.54%
2018 Q1
≈ 8.00 years
Canadian National Railway Company CNI
Canadian National Railway Company
-47.52%
-8,917,840
9,849,934
-1.67%
$98.90
+27.58%($126.18)
1.82%
2018 Q3
≈ 7.50 years
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
* Current price: this can be a delayed price and may not reflect the real-time market value, however it is too close.
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* Held since / Held for: calculated since the latest "new buy" position. If the security was previously exited and re-entered, only the most recent holding period is counted.