Chris Hohn – TCI Fund Management Ltd

Period:
Q1 2026
Portfolio date:
Mar 31, 2026
No. of stocks:
10
Portfolio value:
$45,170,871,000
Filed:
May 15, 2026
Style:
Activist / ESG
HistStockActivityShare change% change to portfolio
Q1 2026filed May 15, 261 new4 added1 reduced
MSFTMICROSOFT CORPReduce 84.00%−14,053,54112.89
VVISA INCAdd 10.00%2,743,9002.26
SPGIS&P GLOBAL INCAdd 19.00%2,245,0001.73
GOOGLALPHABET INCBuy2,457,0001.56
GOOGALPHABET INCAdd 17.00%1,257,2001.18
MCOMOODYS CORPAdd 8.00%1,025,5481.17
Q4 2025filed Feb 17, 261 added1 reduced
CNICANADIAN NATL RY COReduce 48.00%−8,917,8401.54
FERFERROVIAL SEAdd 7.00%1,269,5480.40
Q3 2025filed Nov 14, 251 added4 reduced1 exited
VVISA INCAdd 47.00%8,989,7934.82
CNICANADIAN NATL RY COReduce 18.00%−4,221,2921.36
CPCANADIAN PACIFIC KANSAS CITYReduce 6.00%−2,961,1501.21
GOOGLALPHABET INCSell−3,155,1101.10
GOOGALPHABET INCReduce 41.00%−5,369,4161.03
MSFTMICROSOFT CORPReduce 6.00%−973,0270.92
Q2 2025filed Aug 14, 252 added3 reduced
CNICANADIAN NATL RY COReduce 15.00%−3,910,0121.32
SPGIS&P GLOBAL INCAdd 7.00%730,3540.60
GOOGALPHABET INCReduce 6.00%−889,5000.45
GOOGLALPHABET INCReduce 23.00%−930,0000.36
VVISA INCAdd 15.00%2,429,9960.09
Q1 2025filed May 15, 251 added3 reduced
GOOGALPHABET INCReduce 16.00%−2,651,3212.42
GOOGLALPHABET INCReduce 32.00%−1,942,3001.23
MSFTMICROSOFT CORPAdd 24.00%3,306,2441.07
CNICANADIAN NATL RY COReduce 9.00%−2,794,6861.07
Q4 2024filed Feb 14, 251 added1 reduced
CNICANADIAN NATL RY COReduce 16.00%−5,743,5132.32
MSFTMICROSOFT CORPAdd 17.00%2,003,0472.19
Q3 2024filed Nov 14, 241 added1 reduced
CNICANADIAN NATL RY COReduce 10.00%−4,051,1081.97
MSFTMICROSOFT CORPAdd 14.00%1,458,7000.22
Q2 2024filed Aug 14, 241 new3 added1 exited
TMOTHERMO FISHER SCIENTIFIC INCSell−1,517,6392.22
GOOGLALPHABET INCAdd 398.00%4,816,8192.22
FERFERROVIAL SEBuy19,095,2441.81
SPGIS&P GLOBAL INCAdd 15.00%1,367,4661.64
MCOMOODYS CORPAdd 9.00%1,047,8581.54
Q1 2024filed May 15, 242 added1 reduced1 exited
GEGENERAL ELECTRIC COAdd 12.00%5,159,1395.94
TMOTHERMO FISHER SCIENTIFIC INCReduce 52.00%−1,628,7432.42
GOOGLALPHABET INCAdd 669.00%1,053,1910.40
FERGFERGUSON PLC NEWSell−436,6950.23
Q4 2023filed Feb 14, 242 new1 added1 reduced
MSFTMICROSOFT CORPBuy10,638,16511.12
MCOMOODYS CORPAdd 16.00%1,678,5941.19
GOOGLALPHABET INCBuy157,4000.06
FERGFERGUSON PLC NEWReduce 11.00%−53,9740.06
Q3 2023filed Nov 14, 232 reduced1 exited
MSFTMICROSOFT CORPSell−11,845,24111.98
VVISA INCReduce 6.00%−988,9821.47
GOOGALPHABET INCReduce 9.00%−1,575,4001.45