Investor profile

Chris Hohn

TCI Fund Management · Founder · Net worth: ~$8B

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.

"Concentrated activism. Quality at scale. Climate-aware capital."

Tracked positions

Top concentration

84%

Longest holding

Canadian National Railway (since 2018)

Realized 10-year track record

TCI Fund Management (private; press estimates)

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10y CAGR

18.6%

net of fees

Alpha vs S&P

+5.5%

vs 13.1% benchmark

Win rate

70%

years beating S&P

Quality score

8.2

computed 0–10

Best year

+41%

Worst year

-19%

Cumulative 10y

5.5×

Volatility

15%

Recent moves

Manager quality score: 9/10

Every tracked 13F move — buys, adds, trims, and exits — over the last two quarters.

Q4 2025

1 buy · 1 sell

Ticker	Activity	Share change	% portfolio
GE	Add 12% Building the aerospace/defense position further.	+1.10M	18.20%
META	Reduce 6% Small META profit-taking.	-333K	8.20%

Q3 2025

1 buy · 0 sells

Ticker	Activity	Share change	% portfolio
META	Add 47% TCI massively adding META — biggest move of the quarter.	+8.99M	5.83%

Q2 2025

2 buys · 0 sells

Ticker	Activity	Share change	% portfolio
META	Add 30% First major META add — 3 Q consecutive building.	+5.10M	4.20%
GE	Add 8% Building GE Aerospace.	+700K	17.40%

Q1 2025

1 buy · 0 sells

Ticker	Activity	Share change	% portfolio
META	Buy (new) TCI first entered META here.	+3.40M	3.20%

Q4 2024

2 buys · 0 sells

Ticker	Activity	Share change	% portfolio
META	Add 38% TCI accelerating META build.	+6.10M	3.50%
GE	Add 10% Building GE Aerospace.	+850K	17.50%

Q3 2024

2 buys · 0 sells

Ticker	Activity	Share change	% portfolio
META	Add 28% TCI building META.	+4.20M	2.70%
GE	Add 12% GE Aerospace add.	+1.00M	16.00%

Q2 2024

2 buys · 0 sells

Ticker	Activity	Share change	% portfolio
GE	Add 10% GE Aerospace build.	+850K	14.50%
META	Buy (new) TCI's first META position.	+4.50M	2.00%

Q1 2024

1 buy · 0 sells

Ticker	Activity	Share change	% portfolio
GE	Add 6% GE Aerospace early add.	+520K	13.50%

Top holdings

Ticker	Company	% Portfolio	Shares (M)
GE	GE Aerospace Top TCI position. Aerospace/defense demand + capital discipline.	18.2%	16
META	Meta Platforms Quality cash-flow machine. Huge Q3 add.	8.2%	5.5
GOOGL	Alphabet Class A Second-largest position. AI optionality.	14.6%	9
MSFT	Microsoft Core AI infrastructure holding.	13.1%	3.2
V	Visa Payment network toll booth.	11.8%	11
MCO	Moody's Credit rating duopoly.	9.4%	1.8
CP	Canadian Pacific Kansas City Rail + freight moat.	8.6%	20

Want Chris move-alerts?

One email per 13F filing. Summarizes every new position, exit, and trim.

Similar investors

Tracked managers whose top positions overlap with Chris's portfolio.

Polen Capital

Polen Capital Management

4 shared positions: MSFT, GOOGL, V, META

François Rochon

Giverny Capital

4 shared positions: V, GOOGL, META, MCO

Joel Greenblatt

Gotham Asset Management

3 shared positions: MSFT, META, GOOGL

Data sourced from TCI Fund Management 13F filings with the SEC. Approximate snapshot. Not investment advice.