Chris Hohn TCI Fund Management Q1 2026: Major Investments in Visa, S&P Global, Microsoft Exit
Chris Hohn's TCI Fund Management portfolio saw significant changes in Q1 2026, with notable increases in Visa and S&P Global, a large reduction in Microsoft, and activity in other sectors.
As of March 31, 2026, Chris Hohn's investment firm, TCI Fund Management, managed a substantial portfolio valued at approximately $45.2 billion. An analysis of the top holdings reveals significant activity across various sectors during the quarter.
The TCI Fund Management portfolio, managed by Chris Hohn, showed notable shifts in its top holdings during the first quarter of 2026. The analysis focuses on changes in share counts for major positions.
In the Financial Services sector, TCI Fund Management significantly increased its stake in Visa (V). The fund acquired an additional 2.74 million shares, representing a 9.9% increase in its position during the quarter. This brings Visa's allocation in the portfolio to 20.39%. Similarly, within the same sector, the fund bolstered its position in S&P Global (SPGI) by adding 1.9 million shares, resulting in a 19.04% increase in its stake. S&P Global now accounts for 13.22% of the portfolio. Moody's Corporation (MCO) also saw an increase, with the fund adding 1 million shares, boosting its allocation by 7.71% to 13.84%.
Moving to Industrials, the fund's stake in Canadian Pacific Kansas City (CP) decreased during the quarter. The position saw a reduction of 0.11 million shares, leading to a 2.38% decline in its allocation, which now stands at 8.1%.
In the Technology sector, TCI Fund Management drastically reduced its position in Microsoft Corporation (MSFT). The fund sold a substantial 14.05 million shares, causing its stake to decrease by 83.74%. Microsoft's allocation in the portfolio is now a relatively small 2.24%.
In the Communication Services sector, the fund sold shares in both Alphabet (GOOG) and Alphabet (GOOGL). For GOOG, the reduction was 0.698 million shares, resulting in a 22.13% decrease in its allocation to 1.56%. Similarly, the fund sold 0.246 million shares of GOOGL, leading to a 22.13% reduction in its stake (calculated based on change %, actual change in shares not provided for GOOGL in the data snippet).
For a complete overview of Chris Hohn's investment activities, visit TCI Fund Management's profile. Detailed information on the companies held, including Visa (V), S&P Global (SPGI), Moody's (MCO), Canadian Pacific Kansas City (CP), Alphabet (GOOG) (GOOG), and Microsoft (MSFT), can be found on Insiderset.