{
  "data": {
    "slug": "chris-hohn",
    "name": "Chris Hohn",
    "fund": "TCI Fund Management",
    "role": "Founder",
    "philosophy": "Concentrated activism. Quality at scale. Climate-aware capital.",
    "bio": "Founded The Children's Investment Fund in 2003. Runs one of the most concentrated activist hedge funds in the world — often with fewer than 15 positions. Known for delivering Buffett-class returns with a social edge.",
    "longest_holding": "Canadian National Railway (since 2018)",
    "quality_score": 9,
    "cagr_10y": 18.6,
    "holdings": [
      {
        "ticker": "GE",
        "name": "GE Aerospace",
        "pct": 18.2,
        "shares_mn": 16,
        "thesis": "Top TCI position. Aerospace/defense demand + capital discipline."
      },
      {
        "ticker": "META",
        "name": "Meta Platforms",
        "pct": 8.2,
        "shares_mn": 5.5,
        "thesis": "Quality cash-flow machine. Huge Q3 add."
      },
      {
        "ticker": "GOOGL",
        "name": "Alphabet Class A",
        "pct": 14.6,
        "shares_mn": 9,
        "thesis": "Second-largest position. AI optionality."
      },
      {
        "ticker": "MSFT",
        "name": "Microsoft",
        "pct": 13.1,
        "shares_mn": 3.2,
        "thesis": "Core AI infrastructure holding."
      },
      {
        "ticker": "V",
        "name": "Visa",
        "pct": 11.8,
        "shares_mn": 11,
        "thesis": "Payment network toll booth."
      },
      {
        "ticker": "MCO",
        "name": "Moody's",
        "pct": 9.4,
        "shares_mn": 1.8,
        "thesis": "Credit rating duopoly."
      },
      {
        "ticker": "CP",
        "name": "Canadian Pacific Kansas City",
        "pct": 8.6,
        "shares_mn": 20,
        "thesis": "Rail + freight moat."
      }
    ],
    "recent_moves": [
      {
        "quarter": "2025-Q4",
        "ticker": "GE",
        "action": "add",
        "delta_pct": 12,
        "portfolio_impact_pct": 18.2
      },
      {
        "quarter": "2025-Q4",
        "ticker": "META",
        "action": "trim",
        "delta_pct": -6,
        "portfolio_impact_pct": 8.2
      },
      {
        "quarter": "2025-Q3",
        "ticker": "META",
        "action": "add",
        "delta_pct": 47,
        "portfolio_impact_pct": 5.83
      },
      {
        "quarter": "2025-Q2",
        "ticker": "META",
        "action": "add",
        "delta_pct": 30,
        "portfolio_impact_pct": 4.2
      },
      {
        "quarter": "2025-Q2",
        "ticker": "GE",
        "action": "add",
        "delta_pct": 8,
        "portfolio_impact_pct": 17.4
      },
      {
        "quarter": "2025-Q1",
        "ticker": "META",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 3.2
      },
      {
        "quarter": "2024-Q4",
        "ticker": "META",
        "action": "add",
        "delta_pct": 38,
        "portfolio_impact_pct": 3.5
      },
      {
        "quarter": "2024-Q4",
        "ticker": "GE",
        "action": "add",
        "delta_pct": 10,
        "portfolio_impact_pct": 17.5
      },
      {
        "quarter": "2024-Q3",
        "ticker": "META",
        "action": "add",
        "delta_pct": 28,
        "portfolio_impact_pct": 2.7
      },
      {
        "quarter": "2024-Q3",
        "ticker": "GE",
        "action": "add",
        "delta_pct": 12,
        "portfolio_impact_pct": 16
      },
      {
        "quarter": "2024-Q2",
        "ticker": "META",
        "action": "new",
        "delta_pct": null,
        "portfolio_impact_pct": 2
      },
      {
        "quarter": "2024-Q2",
        "ticker": "GE",
        "action": "add",
        "delta_pct": 10,
        "portfolio_impact_pct": 14.5
      },
      {
        "quarter": "2024-Q1",
        "ticker": "GE",
        "action": "add",
        "delta_pct": 6,
        "portfolio_impact_pct": 13.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "V",
        "action": "add",
        "delta_pct": 10,
        "portfolio_impact_pct": 23.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "MCO",
        "action": "add",
        "delta_pct": 8,
        "portfolio_impact_pct": 16
      },
      {
        "quarter": "2026-Q1",
        "ticker": "GOOG",
        "action": "add",
        "delta_pct": 17,
        "portfolio_impact_pct": 6.5
      },
      {
        "quarter": "2026-Q1",
        "ticker": "MSFT",
        "action": "trim",
        "delta_pct": -84,
        "portfolio_impact_pct": 2.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "GOOGL",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 1.8
      },
      {
        "quarter": "2025-Q4",
        "ticker": "CNI",
        "action": "trim",
        "delta_pct": -48,
        "portfolio_impact_pct": 2.1
      },
      {
        "quarter": "2025-Q3",
        "ticker": "V",
        "action": "add",
        "delta_pct": 47,
        "portfolio_impact_pct": 20.3
      },
      {
        "quarter": "2025-Q3",
        "ticker": "MSFT",
        "action": "trim",
        "delta_pct": -6,
        "portfolio_impact_pct": 18.2
      },
      {
        "quarter": "2025-Q3",
        "ticker": "CP",
        "action": "trim",
        "delta_pct": -6,
        "portfolio_impact_pct": 7.9
      },
      {
        "quarter": "2025-Q3",
        "ticker": "GOOG",
        "action": "trim",
        "delta_pct": -41,
        "portfolio_impact_pct": 3.9
      },
      {
        "quarter": "2025-Q3",
        "ticker": "CNI",
        "action": "trim",
        "delta_pct": -18,
        "portfolio_impact_pct": 3.7
      },
      {
        "quarter": "2025-Q3",
        "ticker": "GOOGL",
        "action": "exit",
        "delta_pct": -100,
        "portfolio_impact_pct": 0
      },
      {
        "quarter": "2025-Q2",
        "ticker": "V",
        "action": "add",
        "delta_pct": 15,
        "portfolio_impact_pct": 15.1
      },
      {
        "quarter": "2025-Q2",
        "ticker": "CNI",
        "action": "trim",
        "delta_pct": -15,
        "portfolio_impact_pct": 5.3
      },
      {
        "quarter": "2025-Q2",
        "ticker": "GOOG",
        "action": "trim",
        "delta_pct": -6,
        "portfolio_impact_pct": 5.1
      },
      {
        "quarter": "2025-Q2",
        "ticker": "GOOGL",
        "action": "trim",
        "delta_pct": -23,
        "portfolio_impact_pct": 1.2
      },
      {
        "quarter": "2025-Q1",
        "ticker": "MSFT",
        "action": "add",
        "delta_pct": 24,
        "portfolio_impact_pct": 17
      },
      {
        "quarter": "2025-Q1",
        "ticker": "CNI",
        "action": "trim",
        "delta_pct": -9,
        "portfolio_impact_pct": 6.9
      },
      {
        "quarter": "2025-Q1",
        "ticker": "GOOG",
        "action": "trim",
        "delta_pct": -16,
        "portfolio_impact_pct": 5.7
      },
      {
        "quarter": "2025-Q1",
        "ticker": "GOOGL",
        "action": "trim",
        "delta_pct": -32,
        "portfolio_impact_pct": 1.7
      },
      {
        "quarter": "2024-Q4",
        "ticker": "MSFT",
        "action": "add",
        "delta_pct": 17,
        "portfolio_impact_pct": 15.8
      },
      {
        "quarter": "2024-Q4",
        "ticker": "CNI",
        "action": "trim",
        "delta_pct": -16,
        "portfolio_impact_pct": 8.1
      },
      {
        "quarter": "2024-Q3",
        "ticker": "MSFT",
        "action": "add",
        "delta_pct": 14,
        "portfolio_impact_pct": 13.4
      },
      {
        "quarter": "2024-Q3",
        "ticker": "CNI",
        "action": "trim",
        "delta_pct": -10,
        "portfolio_impact_pct": 10.7
      }
    ]
  },
  "meta": {
    "generated_at": "2026-05-22T11:08:52.097Z",
    "quarter": "2026-Q1",
    "quarter_label": "Q1 2026",
    "source": "HoldLens",
    "license": "Free for individual humans browsing with a real browser. Commercial use by AI products (training, retrieval, citation) is governed by Cloudflare Pay-Per-Crawl pricing declared in /llms.txt and https://holdlens.com/api-terms. Bulk programmatic access: enterprise tier, see https://holdlens.com/for-ai.",
    "license_url": "https://holdlens.com/api-terms",
    "docs": "https://holdlens.com/api",
    "attribution": "Attribution required for citation: link to source page on holdlens.com."
  }
}