TCI Fund Management

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Chris Hohn's TCI Fund Management reported 10 stock positions worth $42.4 billion. Its top holding was General Electric (GE) at 18.1% of the portfolio, followed by Moody's (MCO, 14.8%) and Microsoft (MSFT, 13.9%). Compared with Q3 2024, it added to 2 and reduced 3. The biggest buy was Microsoft (MSFT, shares +17%) and the biggest sale General Electric (GE, shares −5%).

Most Recent 13F: Q2 2026
Notable People: Chris Hohn
Location: LONDON, X0
CIK: 0001647251
Portfolio Value: $42.4B (Q4 2024)
SEC Filing: 0001647251-25-000003 ↗ filed Feb 14, 2025

Holdings Value

Holdings 10 stocks · $42.4B


GE General Electric filed as GE AEROSPACE	18.09%	45,999,876	$7.7B	Reduce -4.5%
MCO Moody's Corp.	14.78%	13,246,769	$6.3B	No change
MSFT Microsoft Corp.	13.91%	13,993,637	$5.9B	Add +16.7%
V Visa Inc. Class A	12.52%	16,797,187	$5.3B	No change
SPGI S&P Global Inc.	12.21%	10,400,077	$5.2B	No change
CP Canadian Pacific Kansas City	9.37%	54,913,285	$4.0B	No change
GOOG Alphabet Inc. Class C	7.41%	16,507,056	$3.1B	Reduce -2.5%
CNI Canadian Natl Railway Co.	7.11%	29,693,764	$3.0B	Reduce -16.2%
GOOGL Alphabet Inc. Class A	2.69%	6,027,410	$1.1B	No change
FER Ferrovial NV	1.92%	19,333,428	$812.7M	Add +1.3%

Portfolio Sells Q3 2024 → Q4 2024


GE General Electric	Reduce -4.5%	18.09%	−2.55
CNI Canadian Natl Railway Co.	Reduce -16.2%	7.11%	−2.32
GOOG Alphabet Inc. Class C	Reduce -2.5%	7.41%	+0.98

Portfolio Buys Q3 2024 → Q4 2024


MSFT Microsoft Corp.	Add +16.7%	13.91%	+2.19
FER Ferrovial NV	Add +1.3%	1.92%	+0.05

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	11	$52.8B	GE, V, MCO, SPGI, CP
Q1 2026	10	$45.2B	GE, V, MCO, SPGI, CP
Q4 2025	9	$53.6B	GE, V, MSFT, MCO, SPGI
Q3 2025	9	$52.7B	GE, V, MSFT, MCO, SPGI
Q2 2025	10	$50.7B	GE, MSFT, V, MCO, SPGI
Q1 2025	10	$43.4B	GE, MSFT, MCO, V, SPGI
Q4 2024	10	$42.4B	GE, MCO, MSFT, V, SPGI
Q3 2024	10	$44.0B	GE, MCO, SPGI, MSFT, CP
Q2 2024	10	$40.9B	GE, MCO, MSFT, CNI, SPGI
Q1 2024	10	$39.7B	GE, CNI, CP, MCO, V