Chris Hohn – TCI Fund Management Ltd

Period:: Q2 2026
Portfolio date:: Jun 30, 2026
No. of stocks:: 11
Portfolio value:: $52,769,886,000
Filed:: Aug 14, 2026
Style:: Activist / ESG

Hist	Stock	Activity	Share change	% change to portfolio
Q2 2026filed Aug 14, 262 new1 added1 exited
≡	MLM – MARTIN MARIETTA MATLS INC	Buy	1,315,109	1.44
≡	VMC – VULCAN MATLS CO	Buy	2,447,004	1.37
≡	GOOG – ALPHABET INC	Add 12.25%	1,084,800	1.03
Q1 2026filed May 15, 261 new4 added1 reduced
≡	V – VISA INC	Add 9.90%	2,743,900	2.26
≡	SPGI – S&P GLOBAL INC	Add 19.04%	2,245,000	1.73
≡	GOOGL – ALPHABET INC	Buy	2,457,000	1.56
≡	GOOG – ALPHABET INC	Add 16.55%	1,257,200
Q4 2025filed Feb 17, 262 added1 reduced
≡	SPGI – S&P GLOBAL INC	Add 5.37%	600,440	1.15
≡	FER – FERROVIAL SE	Add 6.52%	1,269,548	0.40
Q3 2025filed Nov 14, 251 added4 reduced1 exited
≡	V – VISA INC	Add 47.15%	8,989,793	4.82
Q2 2025filed Aug 14, 252 added3 reduced
≡	SPGI – S&P GLOBAL INC	Add 7.05%	730,354	−0.60
≡	V – VISA INC	Add 14.61%	2,429,996	−0.09
Q1 2025filed May 15, 251 added3 reduced
≡	MSFT – MICROSOFT CORP	Add 23.63%	3,306,244	1.07
Q4 2024filed Feb 14, 251 added1 reduced
≡	MSFT – MICROSOFT CORP	Add 16.71%	2,003,047	2.19
Q3 2024filed Nov 14, 241 added1 reduced
≡	MSFT – MICROSOFT CORP	Add 13.85%	1,458,700	0.22
Q2 2024filed Aug 14, 241 new3 added1 exited
≡	GOOGL – ALPHABET INC	Add 397.89%	4,816,819	2.22
≡	FER – FERROVIAL SE	Buy	19,095,244	1.81
≡	SPGI – S&P GLOBAL INC	Add 15.14%	1,367,466	1.64
≡	MCO – MOODYS CORP	Add 8.59%	1,047,858
Q1 2024filed May 15, 242 added1 reduced1 exited
≡	GE – GENERAL ELECTRIC CO	Add 12.39%	5,159,139	5.94
≡	GOOGL – ALPHABET INC	Add 669.12%	1,053,191	0.40
Q4 2023filed Feb 14, 242 new1 added1 reduced
≡	MSFT – MICROSOFT CORP	Buy	10,638,165	11.12
≡	MCO – MOODYS CORP	Add 16.19%	1,678,594	1.19
≡	GOOGL – ALPHABET INC	Buy	157,400	0.06