Chris Hohn's TCI Fund Management Investment Activity in Q2 2026
TCI Fund Management held a total portfolio value of $52.77 billion as of June 30, 2026. This analysis highlights key stock purchases and sales by Chris Hohn during the quarter.
As of June 30, 2026, Chris Hohn, managing director at GE AEROSPACE (GE) and other holdings, saw his fund's portfolio value reach $52.77 billion.
The top five positions by weight accounted for 84.03% of the total portfolio as of June 30, 2026. GE AEROSPACE maintained its largest position with a significant allocation of $17.73 billion (33.59%), while VISA INC (V) held the second-largest stake worth approximately $10.46 billion (19.83%). Other major holdings included MOODYS CORP (MCO), valued at around $6.49 billion, and S&P GLOBAL INC (SPGI) worth about $5.74 billion.
This quarter saw notable changes in several holdings tracked by the TCI Fund Management portfolio monitoring system:
- GE AEROSPACE experienced a slight reduction, with shares decreasing by 0.17%.
- CANADIAN PACIFIC KANSAS CITY (CP)'s position saw a significant decline of 2.57% in share count.
- S&P GLOBAL INC increased its stake by 0.33%, while CANADIAN NATL RY CO (CNI) decreased slightly.
- VISA INC's position grew modestly by 0.09%.
- FERROVIAL NV (FER.MC) increased its holdings slightly, with a change of just 0.97% in shares.
In terms of new purchases and sales:
- MARTIN MARIETTA MATLS INC (MLM) represents a significant addition to the portfolio, with shares increasing by an impressive 100.0%.
- VULCAN MATLS CO (VMC) was also newly acquired in this quarter, showing a full 100% increase in shares held by TCI Fund Management.
The portfolio's sector allocation remained dominated by Industrials and Financial Services:
- Industrials: Comprising positions like GE, CP, CNI, this sector accounted for $22.78 billion (43.16%) of the total portfolio value.
- Financial Services: Including VISA and S&P GLOBAL among others, this sector allocation stood at approximately $22.69 billion (43.0%).
- The Communication Services sector held a combined weight of around $5.17 billion (8.32%), while Basic Materials accounted for just under $1.48 billion (2.81%) and Unknown sectors represented about $1.43 billion (2.72%).
Chris Hohn's portfolio, managed by TCI Fund Management, demonstrated a mix of slight reductions in large positions alongside significant new purchases during Q2 2026.