Chris Hohn

Net buying

TCI Fund Management Ltd — managed by Chris Hohn; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-03-31 (filed 2026-05-15) · Source: SEC EDGAR

Portfolio value$45.17B（−16%）

Holdings10（+1）

Reporting quarterQ1 2026

Top holdingGe Aerospace

Portfolio overview

TCI Fund Management Ltd's most recent 13F filing, for the quarter ended 2026-03-31, reports 10 positions worth $45.17B. The top 5 holdings represent 85% of that value, a concentrated portfolio.

The single largest position is Ge Aerospace at 29.8% of the portfolio, followed by Visa Inc at 20.4% and Moodys Corp at 13.8%.

Against the prior quarter, Chris Hohn opened 1 new position, exited 0, added to 4, and trimmed 2. The largest new buy was Alphabet Inc.

Across all 8 quarters on file, Ge Aerospace has appeared in every filing, as has Visa Inc. Ge Aerospace currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

High-conviction

S&P Global IncSPGIAdding · 4q

Added for 4 straight quarters.

Visa IncVBig new buy

Big add last quarter — 20.4% of the book.

Moodys CorpMCOBig new buy

Big add last quarter — 13.8% of the book.

Strike-zone picks

None of Chris Hohn's tracked holdings are in the strike zone right now.

Valuation as of 2026-07-02; method: conservative Greenwald value band + Owner-Earnings DCF. Position observation, not advice.

Next · is it cheap

Chris Hohn has no positions in the strike zone right now.

Browse the whole market by value band

Holdings

Security	Value	Valuation	Holders	Shares	Weight (prev→now)
Ge AerospaceGE	$13.48B	Above value	8	47,510,431	27.3% → 29.8%
Visa IncV	$9.21B	—	26	30,468,133	18.1% → 20.4% ▲
Moodys CorpMCO	$6.25B	Above value	16	14,334,027	12.7% → 13.8% ▲
S&P Global IncSPGI	$5.97B	Above value	13	14,035,310	11.5% → 13.2% ▲
Canadian Pacific Kansas CityCP	$3.66B	—	6	46,521,923	6.5% → 8.1% ▼
Alphabet IncGOOG	$2.54B	Above value	31	8,854,019	4.4% → 5.6% ▲
Ferrovial SeFER	$1.33B	—	1	20,740,214	2.5% → 2.9%
Canadian Natl Ry CoCNI	$1.01B	—	5	9,849,934	1.8% → 2.2%
Microsoft CorpMSFT	$1.01B	Above value	32	2,728,412	15.1% → 2.2% ▼
Alphabet IncGOOGL	$706.5M	Above value	34	2,457,000	New · 1.6%

Ge AerospaceGE
Value$13.48BValuationAbove valueHolders8Weight (prev→now)27.3% → 29.8%
Visa IncV
Value$9.21BValuation—Holders26Weight (prev→now)18.1% → 20.4% ▲
Moodys CorpMCO
Value$6.25BValuationAbove valueHolders16Weight (prev→now)12.7% → 13.8% ▲
S&P Global IncSPGI
Value$5.97BValuationAbove valueHolders13Weight (prev→now)11.5% → 13.2% ▲
Canadian Pacific Kansas CityCP
Value$3.66BValuation—Holders6Weight (prev→now)6.5% → 8.1% ▼
Alphabet IncGOOG
Value$2.54BValuationAbove valueHolders31Weight (prev→now)4.4% → 5.6% ▲
Ferrovial SeFER
Value$1.33BValuation—Holders1Weight (prev→now)2.5% → 2.9%
Canadian Natl Ry CoCNI
Value$1.01BValuation—Holders5Weight (prev→now)1.8% → 2.2%
Microsoft CorpMSFT
Value$1.01BValuationAbove valueHolders32Weight (prev→now)15.1% → 2.2% ▼
Alphabet IncGOOGL
Value$706.5MValuationAbove valueHolders34Weight (prev→now)New · 1.6%

Sources· SEC EDGAR 13F as of 2026-03-31 · filed 2026-05-15

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