TCI Fund Management (Chris Hohn) latest 13F portfolio: 11 holdings worth $52.8B as of Q2 2026.
Backtested since 2020: mirroring TCI Fund Management's reported 13F equity holdings each quarter would have returned +149.8% versus +182.3%for the S&P 500 (+15.5% annualized). See the Performance tab for the full equity curve.
Investor: Chris Hohn
Number of Assets: 11
Reporting Period: Q2 - 2026
Holdings at Report: $52,769,884,406
Return $ Since Report: -$2,453,281,440
Return % Since Report: -4.65%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alphabet Inc. (GOOG) | Equity | +12.25% | 9,938,819 | 6.65% | $353.33 | $344.41 | $3,511,682,917 | $3,423,028,652 | -$88,654,265 | -2.52% |
| Ferrovial SE (FER) | Equity | +0.97% | 20,940,441 | 2.72% | $68.51 | $55.04 | $1,434,611,939 | $1,152,561,873 | -$282,050,066 | -19.66% |
| Moody's Corp. (MCO) | Equity | 0% | 14,334,027 | 12.30% | $452.92 | $468.59 | $6,492,167,509 | $6,716,781,712 | +$224,614,203 | +3.46% |
| Martin Marietta Materials Inc. (MLM) | Equity | +100% | 1,315,109 | 1.44% | $576.70 | $490.64 | $758,423,360 | $645,245,080 | -$113,178,280 | -14.92% |
| Visa Inc. (V) | Equity | +0.09% | 30,494,133 | 19.83% | $343.09 | $368.29 | $10,462,232,091 | $11,230,684,243 | +$768,452,152 | +7.35% |
| Alphabet Inc. (GOOGL) | Equity | 0% | 2,457,000 | 1.66% | $357.37 | $349.54 | $878,058,090 | $858,819,780 | -$19,238,310 | -2.19% |
| Canadian Pacific Kansas City Limited (CP) | Equity | -2.57% | 45,325,726 | 7.44% | $86.62 | $87.48 | $3,925,911,608 | $3,965,094,510 | +$39,182,902 | +1.00% |
| GE Aerospace (GE) | Equity | -0.17% | 47,428,233 | 33.59% | $373.73 | $314.27 | $17,725,353,519 | $14,905,270,785 | -$2,820,082,734 | -15.91% |
| S&P Global Inc. (SPGI) | Equity | +0.33% | 14,081,957 | 10.87% | $407.26 | $405.32 | $5,735,017,808 | $5,707,698,811 | -$27,318,997 | -0.48% |
| Canadian National Railway Company (CNI) | Equity | -4.23% | 9,433,422 | 2.13% | $119.21 | $118.95 | $1,124,534,915 | $1,122,105,547 | -$2,429,368 | -0.22% |
| Vulcan Materials Company (VMC) | Equity | +100% | 2,447,004 | 1.37% | $295.01 | $240.83 | $721,890,650 | $589,311,973 | -$132,578,677 | -18.37% |