Chris Hohn - TCI Fund Management Ltd
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 Activity Share change % change to portfolio
Q1 2026
CP - Canadian Pacific Kansas City Ltd. Reduce 2.38% 1,132,500 0.16
MSFT - Microsoft Corp. Reduce 83.74% 14,053,541 12.67
Q4 2025
V - Visa Inc. Reduce 1.19% 333,118 0.22
CP - Canadian Pacific Kansas City Ltd. Reduce 4.43% 2,211,312 0.31
CNI - Canadian Natl Railway Co. Reduce 47.52% 8,917,840 1.60
Q3 2025
MSFT - Microsoft Corp. Reduce 5.54% 973,027 0.95
CP - Canadian Pacific Kansas City Ltd. Reduce 5.61% 2,961,150 0.46
CNI - Canadian Natl Railway Co. Reduce 18.36% 4,221,292 0.87
GOOG - Alphabet Inc. CL C Reduce 41.41% 5,369,416 1.88
GOOGL - Alphabet Inc. Sell 100.00% 3,155,110 1.10
Q2 2025
GE - GE Aerospace Reduce 0.13% 60,516 0.03
CP - Canadian Pacific Kansas City Ltd. Reduce 3.80% 2,086,400 0.34
GOOG - Alphabet Inc. CL C Reduce 6.42% 889,500 0.32
CNI - Canadian Natl Railway Co. Reduce 14.54% 3,910,012 0.88
GOOGL - Alphabet Inc. Reduce 22.77% 930,000 0.33
Q1 2025
SPGI - S&P Global Inc. Reduce 0.37% 38,808 0.05
MCO - Moody's Corp. Reduce 0.63% 83,662 0.09
V - Visa Inc. Reduce 0.95% 159,625 0.12
CNI - Canadian Natl Railway Co. Reduce 9.41% 2,794,686 0.67
GOOG - Alphabet Inc. CL C Reduce 16.06% 2,651,321 1.19
GOOGL - Alphabet Inc. Reduce 32.22% 1,942,300 0.87
Q4 2024
GOOG - Alphabet Inc. CL C Reduce 2.48% 420,000 0.16
GE - GE Aerospace Reduce 4.53% 2,180,500 0.93
CNI - Canadian Natl Railway Co. Reduce 16.21% 5,743,513 1.53
Q3 2024
CNI - Canadian Natl Railway Co. Reduce 10.26% 4,051,108 1.17
Q2 2024
TMO - Thermo Fisher Scientific Sell 100.00% 1,517,639 2.22
Q1 2024
MSFT - Microsoft Corp. Reduce 1.00% 106,275 0.11
CP - Canadian Pacific Kansas City Ltd. Reduce 1.08% 601,100 0.13
CNI - Canadian Natl Railway Co. Reduce 1.46% 583,928 0.20
TMO - Thermo Fisher Scientific Reduce 51.77% 1,628,743 2.40
FERG - Ferguson Enterprises Inc. Sell 100.00% 436,695 0.23
Q4 2023
SPGI - S&P Global Inc. Reduce 0.29% 26,000 0.03
CP - Canadian Pacific Kansas City Ltd. Reduce 0.62% 346,000 0.09
TMO - Thermo Fisher Scientific Reduce 1.47% 46,800 0.09
CNI - Canadian Natl Railway Co. Reduce 2.00% 816,640 0.32
FERG - Ferguson Enterprises Inc. Reduce 11.00% 53,974 0.03
Q3 2023
MCO - Moody's Corp. Reduce 1.42% 149,300 0.15
SPGI - S&P Global Inc. Reduce 2.90% 271,000 0.32
V - Visa Inc. Reduce 5.56% 988,982 0.70
GOOG - Alphabet Inc. CL C Reduce 8.51% 1,575,400 0.57
MSFT - Microsoft Corp. Sell 100.00% 11,845,241 11.98
Q2 2023
V - Visa Inc. Reduce 7.80% 1,505,652 1.36
GOOG - Alphabet Inc. CL C Reduce 21.36% 5,026,006 2.10
MSFT - Microsoft Corp. Reduce 22.58% 3,453,947 4.00
Q1 2023
V - Visa Inc. Reduce 3.24% 645,000 0.52
MSFT - Microsoft Corp. Reduce 31.30% 6,969,763 6.49
GOOG - Alphabet Inc. CL C Reduce 56.86% 31,012,228 10.68
GOOGL - Alphabet Inc. Sell 100.00% 15,961,420 5.47
UNP - Union Pacific Sell 100.00% 5,191 0.00
Q4 2022
UNP - Union Pacific Reduce 99.91% 5,528,907 4.34
BXP - BXP Inc. Sell 100.00% 5,220,997 1.58
Q3 2022
BXP - BXP Inc. Reduce 50.58% 5,343,499 1.71
AMAT - Applied Materials Sell 100.00% 1,897,488 0.62
KLAC - KLA Corp. Sell 100.00% 155,441 0.18
LRCX - Lam Research Sell 100.00% 89,545 0.14
Q2 2022
BXP - BXP Inc. Reduce 9.79% 1,146,700 0.46
CHTR - Charter Communications Sell 100.00% 2,111,453 3.57
Q1 2022
BXP - BXP Inc. Reduce 6.00% 747,655 0.21
GOOGL - Alphabet Inc. Reduce 7.28% 45,000 0.32
V - Visa Inc. Reduce 13.73% 3,170,301 1.70
UNP - Union Pacific Reduce 14.54% 893,767 0.56
GOOG - Alphabet Inc. CL C Reduce 19.71% 581,967 4.17
CHTR - Charter Communications Reduce 78.46% 7,689,152 12.40
INFO - Ihs Markit Ltd Sell 100.00% 7,660,706 2.52
ARE - Alexandria RE Equities Inc. Sell 100.00% 1,044,359 0.58
Q4 2021
BXP - BXP Inc. Reduce 4.08% 529,898 0.15
CHTR - Charter Communications Reduce 5.39% 558,487 1.07
SPGI - S&P Global Inc. Reduce 22.15% 1,066,154 1.19
Q3 2021
CHTR - Charter Communications Reduce 0.25% 26,338 0.05
SPGI - S&P Global Inc. Reduce 17.77% 1,040,022 1.19
MSFT - Microsoft Corp. Reduce 18.55% 3,800,361 2.88
KRC - Kilroy Realty Corp. Sell 100.00% 120,083 0.02
Q2 2021
UNP - Union Pacific Reduce 4.91% 295,329 0.22
KLAC - KLA Corp. Sell 100.00% 30,600 0.03
LRCX - Lam Research Sell 100.00% 17,300 0.03
Q1 2021
CHTR - Charter Communications Reduce 1.52% 157,824 0.39
VNO - Vornado Realty Trust Sell 100.00% 4,904,776 0.69
AMZN - Amazon.com Inc. Sell 100.00% 56,000 0.03
Q4 2020
GOOG - Alphabet Inc. CL C Reduce 0.05% 1,413 0.01
CNI - Canadian Natl Railway Co. Reduce 0.14% 28,847 0.01
VNO - Vornado Realty Trust Reduce 50.59% 5,021,740 0.69
Q3 2020
CHTR - Charter Communications Reduce 0.33% 34,067 0.08
CNI - Canadian Natl Railway Co. Reduce 0.95% 200,105 0.08
MSFT - Microsoft Corp. Reduce 0.98% 140,941 0.13
GOOG - Alphabet Inc. CL C Reduce 1.02% 30,454 0.19
SPGI - S&P Global Inc. Reduce 2.58% 62,652 0.09
MCO - Moody's Corp. Reduce 3.53% 239,750 0.29
AMZN - Amazon.com Inc. Reduce 50.88% 58,000 0.04
RTX - RTX Corp. Sell 100.00% 11,551,993 3.19
UNVR - Univar Solutions Inc Sell 100.00% 12,632,780 0.95
MA - Mastercard Inc. Sell 100.00% 97,450 0.13
ADBE - Adobe Inc. Sell 100.00% 3,430 0.01
ADSK - Autodesk Inc. Sell 100.00% 5,000 0.01
Q2 2020
MCO - Moody's Corp. Reduce 0.29% 19,456 0.02
GOOG - Alphabet Inc. CL C Reduce 3.70% 114,701 0.72
UNVR - Univar Solutions Inc Reduce 20.26% 3,210,221 0.18
RTN - Raytheon Co Sell 100.00% 10,428,073 7.36
ELV - Elevance Health Inc. Sell 100.00% 861,377 1.05
LINEUR - Linde Plc Sell 100.00% 167,130 0.16
Q1 2020
GOOG - Alphabet Inc. CL C Reduce 0.67% 20,813 0.14
UNVR - Univar Solutions Inc Reduce 5.01% 836,199 0.10
ELV - Elevance Health Inc. Reduce 78.47% 3,138,793 4.79
ADSK - Autodesk Inc. Reduce 95.58% 108,000 0.10
NOC - Northrop Grumman Corp. Sell 100.00% 173,700 0.30
TDG - TransDigm Group Inc. Sell 100.00% 86,480 0.24
Q4 2019
ELV - Elevance Health Inc. Reduce 1.97% 80,427 0.11
GOOG - Alphabet Inc. CL C Reduce 12.04% 426,948 3.09
EFX - Equifax Inc. Sell 100.00% 780,639 0.65
Q3 2019
MSFT - Microsoft Corp. Reduce 34.98% 5,745,842 4.77
EFX - Equifax Inc. Reduce 52.23% 853,444 0.72
Q2 2019
CHTR - Charter Communications Reduce 1.65% 162,745 0.43
MSFT - Microsoft Corp. Reduce 6.09% 1,066,000 0.95
UNP - Union Pacific Reduce 38.47% 2,955,796 3.72
FOXA - Fox Corporation Sell 100.00% 11,050,164 3.06
FOX - Fox Corporation CL B Sell 100.00% 3,516,883 0.95
Q1 2019
UNP - Union Pacific Reduce 0.20% 15,241 0.01
SPGI - S&P Global Inc. Reduce 2.87% 58,540 0.05
GOOG - Alphabet Inc. CL C Reduce 14.20% 395,812 2.20
CHTR - Charter Communications Reduce 16.09% 1,893,608 2.90
MSFT - Microsoft Corp. Reduce 19.83% 4,326,230 2.36
GOOGL - Alphabet Inc. Reduce 54.56% 234,919 1.32
NWS.A - Twenty First Centy Fox Inc Sell 100.00% 114,502,969 29.63
NWS - News Corp. CL B Sell 100.00% 22,189,801 5.70
LM09 - Liberty Media Corp Delaware Sell 100.00% 2,427,057 0.40
Q4 2018
CHTR - Charter Communications Reduce 13.27% 1,801,430 3.25
NSC - Norfolk Southern Corp. Sell 100.00% 3,753,454 3.75
PCG - PG&E Corp. Sell 100.00% 1,400,611 0.36
Q3 2018
CHTR - Charter Communications Reduce 0.25% 34,000 0.05
GOOG - Alphabet Inc. CL C Reduce 4.00% 110,962 0.59
MSFT - Microsoft Corp. Reduce 4.33% 598,342 0.28
AABA - Altaba Inc Sell 100.00% 57,057,273 20.04
Q2 2018
AABA - Altaba Inc Reduce 28.48% 22,716,000 9.36
TWX - Time Warner Inc Sell 100.00% 7,496,849 3.95
CMCSA - Comcast Corp. Sell 100.00% 11,897,380 2.26
MOO - Monsanto Co New Sell 100.00% 476,500 0.31
Q1 2018
GOOGL - Alphabet Inc. Reduce 1.30% 5,000 0.03
AABA - Altaba Inc Reduce 7.16% 6,150,679 2.66
CMCSA - Comcast Corp. Reduce 83.21% 58,963,191 14.64
UNP - Union Pacific Reduce 88.80% 570,700 0.47
OSG - Octave Specialty Group Inc. Sell 100.00% 1,985,785 0.20
EFX - Equifax Inc. Sell 100.00% 50,000 0.04
Q4 2017
CHTR - Charter Communications Reduce 15.44% 1,813,383 4.56
CMCSA - Comcast Corp. Reduce 22.93% 21,081,594 5.61
Q3 2017
SPGI - S&P Global Inc. Reduce 15.10% 74,110 0.08
CHTR - Charter Communications Reduce 15.22% 2,108,595 5.35
Q2 2017
YHOO - Yahoo Inc Sell 100.00% 86,224,273 34.18
Q4 2016
MCO - Moody's Corp. Reduce 89.80% 91,811 0.11
AY - Atlantica Yield Plc Sell 100.00% 1,842,903 0.39
Q3 2016
AY - Atlantica Yield Plc Reduce 58.33% 2,579,681 0.65
Q2 2016
TWC - Time Warner Cable Inc Sell 100.00% 16,126,180 62.02
BIDU - Baidu Inc. Sell 100.00% 1,194,094 4.28
Q1 2016
CMCSA - Comcast Corp. Reduce 0.64% 128,700 0.15
TWC - Time Warner Cable Inc Reduce 0.66% 107,352 0.41
MCO - Moody's Corp. Reduce 96.67% 2,965,316 6.08
AXP - American Express Sell 100.00% 2,725,004 3.87
Q4 2015
TWC - Time Warner Cable Inc Reduce 2.21% 366,255 1.29
CMCSA - Comcast Corp. Reduce 3.61% 754,000 0.84
BIDU - Baidu Inc. Reduce 20.76% 304,393 0.82
MCO - Moody's Corp. Reduce 21.23% 826,549 1.60
AXP - American Express Reduce 32.38% 1,304,788 1.90