TCI Fund Management (Chris Hohn) latest 13F portfolio: 10 holdings worth $45.2B as of Q1 2026.
Backtested since 2020: mirroring TCI Fund Management's reported 13F equity holdings each quarter would have returned +167.9% versus +180.1%for the S&P 500 (+17.2% annualized). See the Performance tab for the full equity curve.
Investor: Chris Hohn
Number of Assets: 10
Reporting Period: Q1 - 2026
Holdings at Report: $45,170,870,798
Return $ Since Report: +$8,642,154,280
Return % Since Report: +19.13%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alphabet Inc. (GOOGL) | Equity | +100% | 2,457,000 | 1.56% | $287.56 | $373.51 | $706,534,920 | $917,714,070 | +$211,179,150 | +29.89% |
| Visa Inc. (V) | Equity | +9.90% | 30,468,133 | 20.39% | $302.24 | $365.67 | $9,208,688,518 | $11,141,282,194 | +$1,932,593,676 | +20.99% |
| Canadian National Railway Company (CNI) | Equity | 0% | 9,849,934 | 2.24% | $102.86 | $125.81 | $1,013,208,255 | $1,239,220,197 | +$226,011,942 | +22.31% |
| Canadian Pacific Kansas City Limited (CP) | Equity | -2.38% | 46,521,923 | 8.10% | $78.66 | $90.65 | $3,659,637,907 | $4,217,212,320 | +$557,574,413 | +15.24% |
| Moody's Corp. (MCO) | Equity | +7.71% | 14,334,027 | 13.84% | $436.25 | $483.36 | $6,253,219,279 | $6,928,495,291 | +$675,276,012 | +10.80% |
| GE Aerospace (GE) | Equity | 0% | 47,510,431 | 29.85% | $283.77 | $368.93 | $13,482,035,005 | $17,528,023,309 | +$4,045,988,304 | +30.01% |
| Alphabet Inc. (GOOG) | Equity | +16.55% | 8,854,019 | 5.62% | $286.86 | $372.47 | $2,539,863,890 | $3,297,856,457 | +$757,992,567 | +29.84% |
| Microsoft Corp. (MSFT) | Equity | -83.74% | 2,728,412 | 2.24% | $370.17 | $487.65 | $1,009,976,270 | $1,330,510,112 | +$320,533,842 | +31.74% |
| S&P Global Inc. (SPGI) | Equity | +19.04% | 14,035,310 | 13.22% | $425.34 | $416.25 | $5,969,778,755 | $5,842,197,788 | -$127,580,967 | -2.14% |
| Ferrovial SE (FER) | Equity | 0% | 20,740,214 | 2.94% | $64.03 | $66.08 | $1,327,927,999 | $1,370,513,341 | +$42,585,342 | +3.21% |