TCI Fund Management
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Chris Hohn's TCI Fund Management reported 10 stock positions worth $45.2 billion. Its top holding was General Electric (GE) at 29.8% of the portfolio, followed by Visa Class A (V, 20.4%) and Moody's (MCO, 13.8%). Compared with Q4 2025, it opened 1 new position, added to 4 and reduced 2. The biggest buy was Visa Class A (V, shares +10%) and the biggest sale Microsoft (MSFT, shares −84%).
- Most Recent 13F
- Q2 2026
- Notable People
- Chris Hohn
- Location
- LONDON, X0
- CIK
- 0001647251
- Portfolio Value
- $45.2B (Q1 2026)
- SEC Filing
- 0001647251-26-000004 ↗ filed May 15, 2026
Holdings Value
Holdings 10 stocks · $45.2B
| GE General Electric filed as GE AEROSPACE | 29.85% | 47,510,431 | $13.5B | No change |
| V Visa Inc. Class A | 20.39% | 30,468,133 | $9.2B | Add +9.9% |
| MCO Moody's Corp. | 13.84% | 14,334,027 | $6.3B | Add +7.7% |
| SPGI S&P Global Inc. | 13.22% | 14,035,310 | $6.0B | Add +19.0% |
| CP Canadian Pacific Kansas City | 8.10% | 46,521,923 | $3.7B | Reduce -2.4% |
| GOOG Alphabet Inc. Class C | 5.62% | 8,854,019 | $2.5B | Add +16.6% |
| FER Ferrovial NV | 2.94% | 20,740,214 | $1.3B | No change |
| CNI Canadian Natl Railway Co. | 2.24% | 9,849,934 | $1.0B | No change |
| MSFT Microsoft Corp. | 2.24% | 2,728,412 | $1.0B | Reduce -83.7% |
| GOOGL Alphabet Inc. Class A | 1.56% | 2,457,000 | $706.5M | New |
Portfolio Sells Q4 2025 → Q1 2026
Portfolio Buys Q4 2025 → Q1 2026
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 |