Chris Hohn - TCI Fund Management
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    10
Portfolio value:    $45,170,870,798
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Avg. Buy
Price*
Value Current
Price
+/-
Since
Buy
52
Week
Low
52
Week
High
GE - GE Aerospace 29.85 47,510,431 $90.84 $13,482,035,005 $353.42 289.07% $253.37 $382.49
V - Visa Inc. 20.39 Add 9.90% 30,468,133 $260.03 $9,208,688,518 $357.75 37.58% $293.28 $365.02
MCO - Moody's Corp. 13.84 Add 7.71% 14,334,027 $262.12 $6,253,219,279 $495.72 89.12% $400.46 $544.40
SPGI - S&P Global Inc. 13.22 Add 19.04% 14,035,310 $361.50 $5,969,778,755 $437.84 21.12% $359.36 $543.27
CP - Canadian Pacific Kansas City Ltd. 8.10 Reduce 2.38% 46,521,923 $80.80 $3,659,637,907 $91.35 13.06% $68.13 $91.56
GOOG - Alphabet Inc. 5.62 Add 16.55% 8,854,019 $91.07 $2,539,863,890 $350.67 285.07% $180.20 $404.23
FER - Ferrovial N.V. 2.94 20,740,214 $40.58 $1,327,927,999 $63.70 56.98% $49.72 $74.06
CNI - Canadian National Railway Co. 2.24 9,849,934 $97.66 $1,013,208,255 $125.31 28.31% $89.68 $126.12
MSFT - Microsoft Corp. 2.24 Reduce 83.74% 2,728,412 $388.53 $1,009,976,270 $390.99 0.63% $349.20 $551.05
GOOGL - Alphabet Inc. 1.56 Buy 2,457,000 $287.56 $706,534,920 $352.51 22.59% $175.98 $408.37
* Avg. Buy Price is an estimated cost basis: the share-weighted average of the quarter-end prices reported when this manager first bought or later added to the position (average-cost method, reset after a full exit). 13F filings disclose only quarter-end holdings, not actual trade prices, so this approximates — but does not exactly equal — what was paid.
Sector % analysis
Financial Services 47.45
Industrials 43.13
Communication Services 7.19
Technology 2.24