We break down the stocks Christopher Hohn (TCI Fund Management) bought, sold, and held in Q4 2024, including their holdings at the end of the quarter. All data sourced from TCI Fund Management's 13F filed on February 14, 2025.
Who are 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 Q4 2024
New positions
TCI Fund Management did not establish any new positions during Q4 2024.
Bought
TCI Fund Management increased its holdings in Microsoft (MSFT) by approximately 2.0 million shares and added modestly to its Ferrovial (FER) position with an increase of about 238,000 shares.
Sold
TCI Fund Management significantly reduced its railroad holdings, trimming Canadian National (CNI) by 5.7 million shares and General Electric (GE) by 2.2 million shares, while also reducing its Alphabet (GOOG) position by 420,000 shares.
Holdings at the end of Q4 2024
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| GE | General Electric | 18.1% | Trimmed (-5%) | $7.67B |
| MCO | Moody's | 14.8% | $6.27B | |
| MSFT | Microsoft | 13.9% | Added (+17%) | $5.9B |
| V | Visa | 12.5% | $5.31B | |
| SPGI | S&P Global | 12.2% | $5.18B | |
| CP | Canadian Pacific Kansas City | 9.4% | $3.97B | |
| GOOG | Alphabet | 7.4% | Trimmed (-2%) | $3.14B |
| CNI | Canadian National | 7.1% | Trimmed (-16%) | $3.01B |
| GOOGL | Alphabet | 2.7% | $1.14B | |
| FER | Ferrovial | 1.9% | Added (+1%) | $812.72M |
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