We break down the stocks Sir Christopher Hohn (TCI Fund Management) bought, sold, and held in Q1 2025, including their holdings at the end of the quarter. All data sourced from TCI Fund Management's 13F filed on May 15, 2025.
Who are Sir Christopher Hohn and TCI Fund Management?
TCI Fund Management (The Children's Investment Fund) is a value-oriented hedge fund founded in 2003 by activist investor Sir Christopher Hohn. The firm has delivered exceptional returns since inception while donating a significant portion of its profits to children's charities through the Children's Investment Fund Foundation. TCI employs a fundamental, research-intensive approach to invest globally in businesses with sustainable competitive advantages. Hohn frequently employs activist strategies to drive corporate governance improvements and strategic changes in portfolio companies.
TCIfund.com
Wikipedia on Christopher Hohn
Portfolio Changes in Q1 2025
New Positions
TCI Fund Management did not initiate any new positions in Q1 2025.
Bought
The firm increased its stake in Microsoft Corporation (MSFT) by adding 3.3 million shares, and added 1.6 million shares to its General Electric Company (GE) position.
Sold
TCI Fund Management reduced its exposure to Canadian National Railway Company (CNI) by selling 2.8 million shares, decreased its holdings in Alphabet Inc. both (GOOG) and (GOOGL) by selling 2.7 million and 1.9 million shares respectively, and slightly trimmed positions in Visa Inc. (V), Moody's Corporation (MCO), and S&P Global Inc. (SPGI).
Holdings at the end of Q1 2025
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| GE | General Electric Company | 22.0% | Bought | $9,521,325,042 |
| MSFT | Microsoft Corporation | 15.0% | Bought | $6,494,202,329 |
| MCO | Moody's Corporation | 14.1% | Sold | $6,129,927,299 |
| V | Visa Inc. | 13.4% | Sold | $5,830,799,979 |
| SPGI | S&P Global Inc. | 12.1% | Sold | $5,264,560,779 |
| CP | Canadian Pacific | 8.9% | $3,854,575,745 | |
| CNI | Canadian National Railway Company | 6.0% | Sold | $2,619,619,831 |
| GOOG | Alphabet Inc. | 5.0% | Sold | $2,164,681,479 |
| FER | Ferrovial | 2.0% | $861,116,451 | |
| GOOGL | Alphabet Inc. | 1.5% | Sold | $631,721,410 |
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