TCI Fund Management

Managed by Chris Hohn

Portfolio value: $45.17B
Holdings: 9
Top 5 weight: 85.39%
Latest filing: Q1 '26 Mar 31

Portfolio

Reported 13F holdings, largest positions first

9holdings

GE 29.85%V 20.39%MCO 13.84%SPGI 13.22%CP 8.1%GOOGL 7.19%Other 7.42%

Company% PortfolioSharesValue

GEGE AEROSPACE29.85%47,510,000$13.48B VVISA INC20.39%30,468,000$9.21B MCOMOODYS CORP13.84%14,334,000$6.25B SPGIS&P GLOBAL INC13.22%14,035,000$5.97B CPCANADIAN PACIFIC KANSAS CITY LTD8.1%46,522,000$3.66B GOOGLALPHABET INC7.19%11,311,000$3.25B FERFERROVIAL NV2.94%20,740,000$1.33B CNICANADIAN NATIONAL RAILWAY CO2.24%9,850,000$1.01B MSFTMICROSOFT CORP2.24%2,728,000$1.01B

From the fund's Q1 '26 13F filingWhat is a 13F?

Activity

Buys and sells, quarter by quarter

Mar 31, 2026 filing - 6 moves · 4 buy-side · 2 sell-side

CompanyChangeValue

VVISA INC9.9%$9.21B MCOMOODYS CORP7.7%$6.25B SPGIS&P GLOBAL INC19.0%$5.97B CPCANADIAN PACIFIC KANSAS CITY LTD2.4%$3.66B GOOGLALPHABET INC48.9%$3.25B MSFTMICROSOFT CORP83.7%$1.01B

Changes are share-count changes vs. the prior quarter

About this investor

TCI Fund Management is Chris Hohn's London firm, known for running a highly concentrated book of high-quality, cash-generative businesses held for years. Hohn combines a long-term owner's mindset with a willingness to press management on capital allocation and governance. The firm is tied to a large children's charity that receives much of its profits.

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