Investor portrait

High-profile investor tracker

Chris Hohn Portfolio

TCI Fund Management Ltd Holdings

A filing-based view of TCI Fund Management Ltd’s publicly disclosed U.S.-listed equity holdings — with portfolio concentration, quarter-over-quarter changes and verified SEC history.

This tracker follows TCI Fund Management Ltd’s Form 13F disclosures, not Chris Hohn’s personal brokerage account. Form 13F reports quarter-end positions later and does not reveal exact trade dates or execution prices.

Confirmed SEC snapshot

$52.77B

Reported 13F value · Q2 2026

1113F entries
2026-08-14filing date
13F-HRsource filing
45verified quarters

Portfolio

GE AEROSPACEGE
$17.73B
33.6%
+185.6%Est. vs filing basis
Position reduced 0.2%
Reported shares47,428,233
Current price$324.15
SEC reference price$373.73
Estimated filing-based basis$113.52
Position historySEC quarter-end observations
Q2 2026
Reduced 0.2%-82,198 reported shares
SEC ref. $373.73Est. basis $113.52
Q1 2026
Unchanged
SEC ref. $283.77Est. basis $113.52
Q4 2025
Unchanged
SEC ref. $308.03Est. basis $113.52
Q3 2025
Unchanged
SEC ref. $300.82Est. basis $113.52
Q2 2025
Reduced 0.1%-60,516 reported shares
SEC ref. $257.39Est. basis $113.52
Q1 2025
Increased 3.4%+1,571,071 reported shares
SEC ref. $200.15Est. basis $113.52
Q4 2024
Reduced 4.5%-2,180,500 reported shares
SEC ref. $166.79Est. basis $110.56
Q3 2024
Unchanged
SEC ref. $188.58Est. basis $110.56
Q2 2024
Increased 2.9%+1,371,161 reported shares
SEC ref. $158.97Est. basis $110.56
Q1 2024
Increased 12.4%+5,159,139 reported shares
SEC ref. $175.53Est. basis $109.14
Q4 2023
Unchanged
SEC ref. $127.63Est. basis $100.92
Q3 2023
Unchanged
SEC ref. $110.55Est. basis $100.92
Q2 2023
Increased 59.5%+15,537,329 reported shares
SEC ref. $109.85Est. basis $100.92
Q1 2023
New position26,112,747 reported shares
SEC ref. $95.60Est. basis $95.60
VISA INCV
$10.46B
19.8%
+41.2%Est. vs filing basis
Position increased 0.1%
Reported shares30,494,133
Current price$367.21
SEC reference price$343.09
Estimated filing-based basis$260.10
Position historySEC quarter-end observations
Q2 2026
Increased 0.1%+26,000 reported shares
SEC ref. $343.09Est. basis $260.10
Q1 2026
Increased 9.9%+2,743,900 reported shares
SEC ref. $302.24Est. basis $260.03
Q4 2025
Reduced 1.2%-333,118 reported shares
SEC ref. $350.71Est. basis $255.85
Q3 2025
Increased 47.1%+8,989,793 reported shares
SEC ref. $341.38Est. basis $255.85
Q2 2025
Increased 14.6%+2,429,996 reported shares
SEC ref. $355.05Est. basis $215.52
Q1 2025
Reduced 1.0%-159,625 reported shares
SEC ref. $350.46Est. basis $195.14
Q4 2024
Unchanged
SEC ref. $316.04Est. basis $195.14
Q3 2024
Unchanged
SEC ref. $274.95Est. basis $195.14
Q2 2024
Unchanged
SEC ref. $262.47Est. basis $195.14
Q1 2024
Unchanged
SEC ref. $279.08Est. basis $195.14
Q4 2023
Unchanged
SEC ref. $260.35Est. basis $195.14
Q3 2023
Reduced 5.6%-988,982 reported shares
SEC ref. $230.01Est. basis $195.14
Q2 2023
Reduced 7.8%-1,505,652 reported shares
SEC ref. $237.48Est. basis $195.14
Q1 2023
Reduced 3.2%-645,000 reported shares
SEC ref. $225.46Est. basis $195.14
Q4 2022
Unchanged
SEC ref. $207.76Est. basis $195.14
Q3 2022
Increased 0.1%+12,700 reported shares
SEC ref. $177.65Est. basis $195.14
Q2 2022
Unchanged
SEC ref. $196.89Est. basis $195.16
Q1 2022
Reduced 13.7%-3,170,301 reported shares
SEC ref. $221.77Est. basis $195.16
Q4 2021
Increased 15.8%+3,155,111 reported shares
SEC ref. $216.71Est. basis $195.16
Q3 2021
Increased 41.8%+5,881,421 reported shares
SEC ref. $222.75Est. basis $191.74
MOODYS CORPMCO
$6.49B
12.3%
+78.3%Est. vs filing basis
Unchanged
Reported shares14,334,027
Current price$467.36
SEC reference price$452.92
Estimated filing-based basis$262.12
Position historySEC quarter-end observations
Q2 2026
Unchanged
SEC ref. $452.92Est. basis $262.12
Q1 2026
Increased 7.7%+1,025,548 reported shares
SEC ref. $436.25Est. basis $262.12
Q4 2025
Unchanged
SEC ref. $510.85Est. basis $248.70
Q3 2025
Increased 0.5%+61,500 reported shares
SEC ref. $476.48Est. basis $248.70
Q2 2025
Increased 0.6%+83,872 reported shares
SEC ref. $501.59Est. basis $247.64
Q1 2025
Reduced 0.6%-83,662 reported shares
SEC ref. $465.69Est. basis $246.02
Q4 2024
Unchanged
SEC ref. $473.37Est. basis $246.02
Q3 2024
Unchanged
SEC ref. $474.59Est. basis $246.02
Q2 2024
Increased 8.6%+1,047,858 reported shares
SEC ref. $420.93Est. basis $246.02
Q1 2024
Increased 1.2%+149,300 reported shares
SEC ref. $393.03Est. basis $231.00
Q4 2023
Increased 16.2%+1,678,594 reported shares
SEC ref. $390.56Est. basis $228.99
Q3 2023
Reduced 1.4%-149,300 reported shares
SEC ref. $316.17Est. basis $202.84
Q2 2023
Increased 1.5%+150,838 reported shares
SEC ref. $347.72Est. basis $202.84
Q1 2023
Increased 12.6%+1,157,192 reported shares
SEC ref. $306.02Est. basis $200.74
Q4 2022
Increased 11.7%+966,080 reported shares
SEC ref. $278.62Est. basis $187.51
Q3 2022
Unchanged
SEC ref. $243.11Est. basis $176.84
Q2 2022
Increased 13.2%+960,375 reported shares
SEC ref. $271.97Est. basis $176.84
Q1 2022
Increased 11.0%+723,042 reported shares
SEC ref. $337.41Est. basis $164.30
Q4 2021
Unchanged
SEC ref. $390.58Est. basis $145.22
Q3 2021
Unchanged
SEC ref. $355.11Est. basis $145.22
S&P GLOBAL INCSPGI
$5.74B
10.9%
+7.4%Est. vs filing basis
Position increased 0.3%
Reported shares14,081,957
Current price$410.42
SEC reference price$407.26
Estimated filing-based basis$382.29
Position historySEC quarter-end observations
Q2 2026
Increased 0.3%+46,647 reported shares
SEC ref. $407.26Est. basis $382.29
Q1 2026
Increased 19.0%+2,245,000 reported shares
SEC ref. $425.34Est. basis $382.20
Q4 2025
Increased 5.4%+600,440 reported shares
SEC ref. $522.59Est. basis $373.99
Q3 2025
Increased 0.9%+98,247 reported shares
SEC ref. $486.71Est. basis $366.02
Q2 2025
Increased 7.0%+730,354 reported shares
SEC ref. $527.29Est. basis $364.95
Q1 2025
Reduced 0.4%-38,808 reported shares
SEC ref. $508.10Est. basis $353.50
Q4 2024
Unchanged
SEC ref. $498.03Est. basis $353.50
Q3 2024
Unchanged
SEC ref. $516.62Est. basis $353.50
Q2 2024
Increased 15.1%+1,367,466 reported shares
SEC ref. $446.00Est. basis $353.50
Q1 2024
Unchanged
SEC ref. $425.45Est. basis $339.50
Q4 2023
Reduced 0.3%-26,000 reported shares
SEC ref. $440.52Est. basis $339.50
Q3 2023
Reduced 2.9%-271,000 reported shares
SEC ref. $365.41Est. basis $339.50
Q2 2023
Unchanged
SEC ref. $400.89Est. basis $339.50
Q1 2023
Increased 1.6%+145,038 reported shares
SEC ref. $344.77Est. basis $339.50
Q4 2022
Increased 4.7%+416,252 reported shares
SEC ref. $334.94Est. basis $339.42
Q3 2022
Unchanged
SEC ref. $305.35Est. basis $339.63
Q2 2022
Increased 28.5%+1,945,249 reported shares
SEC ref. $337.06Est. basis $339.63
Q1 2022
Increased 82.1%+3,075,788 reported shares
SEC ref. $410.18Est. basis $340.36
Q4 2021
Reduced 22.1%-1,066,154 reported shares
SEC ref. $471.93Est. basis $283.06
Q3 2021
Reduced 17.8%-1,040,022 reported shares
SEC ref. $424.89Est. basis $283.06
CANADIAN PACIFIC KANSAS CITYCP
$3.93B
7.4%
+10.0%Est. vs filing basis
Position reduced 2.6%
Reported shares45,325,726
Current price$88.84
SEC reference price$86.62
Estimated filing-based basis$80.80
Position historySEC quarter-end observations
Q2 2026
Reduced 2.6%-1,196,197 reported shares
SEC ref. $86.62Est. basis $80.80
Q1 2026
Reduced 2.4%-1,132,500 reported shares
SEC ref. $78.66Est. basis $80.80
Q4 2025
Reduced 4.4%-2,211,312 reported shares
SEC ref. $73.63Est. basis $80.80
Q3 2025
Reduced 5.6%-2,961,150 reported shares
SEC ref. $74.47Est. basis $80.80
Q2 2025
Reduced 3.8%-2,086,400 reported shares
SEC ref. $79.29Est. basis $80.80
Q1 2025
Unchanged
SEC ref. $70.19Est. basis $80.80
Q4 2024
Unchanged
SEC ref. $72.36Est. basis $80.80
Q3 2024
Unchanged
SEC ref. $85.53Est. basis $80.80
Q2 2024
Unchanged
SEC ref. $78.75Est. basis $80.80
Q1 2024
Reduced 1.1%-601,100 reported shares
SEC ref. $88.19Est. basis $80.80
Q4 2023
Reduced 0.6%-346,000 reported shares
SEC ref. $79.14Est. basis $80.80
Q3 2023
Unchanged
SEC ref. $74.33Est. basis $80.80
Q2 2023
New position55,860,385 reported shares
SEC ref. $80.80Est. basis $80.80
ALPHABET INCGOOG
$3.51B
6.7%
+80.5%Est. vs filing basis
Position increased 12.3%
Reported shares9,938,819
Current price$330.39
SEC reference price$353.33
Estimated filing-based basis$183.08
Position historySEC quarter-end observations
Q2 2026
Increased 12.3%+1,084,800 reported shares
SEC ref. $353.33Est. basis $183.08
Q1 2026
Increased 16.5%+1,257,200 reported shares
SEC ref. $286.86Est. basis $162.22
Q4 2025
Unchanged
SEC ref. $313.80Est. basis $141.59
Q3 2025
Reduced 41.4%-5,369,416 reported shares
SEC ref. $243.55Est. basis $141.59
Q2 2025
Reduced 6.4%-889,500 reported shares
SEC ref. $177.39Est. basis $141.59
Q1 2025
Reduced 16.1%-2,651,321 reported shares
SEC ref. $156.23Est. basis $141.59
Q4 2024
Reduced 2.5%-420,000 reported shares
SEC ref. $190.44Est. basis $141.59
Q3 2024
Unchanged
SEC ref. $167.19Est. basis $141.59
Q2 2024
Unchanged
SEC ref. $183.42Est. basis $141.59
Q1 2024
Unchanged
SEC ref. $152.26Est. basis $141.59
Q4 2023
Unchanged
SEC ref. $140.93Est. basis $141.59
Q3 2023
Reduced 8.5%-1,575,400 reported shares
SEC ref. $131.85Est. basis $141.59
Q2 2023
Reduced 21.4%-5,026,006 reported shares
SEC ref. $120.97Est. basis $141.59
Q1 2023
Reduced 56.9%-31,012,228 reported shares
SEC ref. $104.00Est. basis $141.59
Q4 2022
Increased 4.0%+2,109,900 reported shares
SEC ref. $88.73Est. basis $141.59
Q3 2022
Increased 2,017.7%+49,955,003 reported shares
SEC ref. $96.15Est. basis $143.72
Q2 2022
Increased 4.4%+105,447 reported shares
SEC ref. $2,187.45Est. basis $1,103.53
Q1 2022
Reduced 19.7%-581,967 reported shares
SEC ref. $2,792.99Est. basis $1,055.31
Q4 2021
Unchanged
SEC ref. $2,893.59Est. basis $1,055.31
Q3 2021
Unchanged
SEC ref. $2,665.31Est. basis $1,055.31
FERROVIAL NVFER
$1.43B
2.7%
+35.9%Est. vs filing basis
Position increased 1.0%
Reported shares20,940,441
Current price$55.50
SEC reference price$68.51
Estimated filing-based basis$40.85
Position historySEC quarter-end observations
Q2 2026
Increased 1.0%+200,227 reported shares
SEC ref. $68.51Est. basis $40.85
Q1 2026
Unchanged
SEC ref. $64.03Est. basis $40.58
Q4 2025
Increased 6.5%+1,269,548 reported shares
SEC ref. $65.00Est. basis $40.58
Q3 2025
Unchanged
SEC ref. $57.24Est. basis $38.99
Q2 2025
Increased 0.7%+137,238 reported shares
SEC ref. $53.35Est. basis $38.99
Q1 2025
Unchanged
SEC ref. $44.54Est. basis $38.88
Q4 2024
Increased 1.2%+238,184 reported shares
SEC ref. $42.04Est. basis $38.88
Q3 2024
Unchanged
SEC ref. $42.96Est. basis $38.85
Q2 2024
New position19,095,244 reported shares
SEC ref. $38.85Est. basis $38.85
CANADIAN NATL RY COCNI
$1.12B
2.1%
+24.1%Est. vs filing basis
Position reduced 4.2%
Reported shares9,433,422
Current price$121.16
SEC reference price$119.21
Estimated filing-based basis$97.66
Position historySEC quarter-end observations
Q2 2026
Reduced 4.2%-416,512 reported shares
SEC ref. $119.21Est. basis $97.66
Q1 2026
Unchanged
SEC ref. $102.86Est. basis $97.66
Q4 2025
Reduced 47.5%-8,917,840 reported shares
SEC ref. $98.90Est. basis $97.66
Q3 2025
Reduced 18.4%-4,221,292 reported shares
SEC ref. $94.29Est. basis $97.66
Q2 2025
Reduced 14.5%-3,910,012 reported shares
SEC ref. $104.15Est. basis $97.66
Q1 2025
Reduced 9.4%-2,794,686 reported shares
SEC ref. $97.39Est. basis $97.66
Q4 2024
Reduced 16.2%-5,743,513 reported shares
SEC ref. $101.49Est. basis $97.66
Q3 2024
Reduced 10.3%-4,051,108 reported shares
SEC ref. $117.12Est. basis $97.66
Q2 2024
Unchanged
SEC ref. $118.16Est. basis $97.66
Q1 2024
Reduced 1.5%-583,928 reported shares
SEC ref. $131.72Est. basis $97.66
Q4 2023
Reduced 2.0%-816,640 reported shares
SEC ref. $125.72Est. basis $97.66
Q3 2023
Unchanged
SEC ref. $108.27Est. basis $97.66
Q2 2023
Increased 11.4%+4,189,128 reported shares
SEC ref. $121.12Est. basis $97.66
Q1 2023
Unchanged
SEC ref. $117.97Est. basis $94.99
Q4 2022
Unchanged
SEC ref. $118.74Est. basis $94.99
Q3 2022
Unchanged
SEC ref. $107.91Est. basis $94.99
Q2 2022
Unchanged
SEC ref. $112.47Est. basis $94.99
Q1 2022
Unchanged
SEC ref. $134.10Est. basis $94.99
Q4 2021
Unchanged
SEC ref. $122.91Est. basis $94.99
Q3 2021
Increased 21.9%+6,592,022 reported shares
SEC ref. $115.71Est. basis $94.99
ALPHABET INCGOOGL
$878.1M
1.7%
+15.7%Est. vs filing basis
Unchanged
Reported shares2,457,000
Current price$332.60
SEC reference price$357.37
Estimated filing-based basis$287.56
Position historySEC quarter-end observations
Q2 2026
Unchanged
SEC ref. $357.37Est. basis $287.56
Q1 2026
New position2,457,000 reported shares
SEC ref. $287.56Est. basis $287.56
Q3 2025
Position exitedLast reported in prior verified quarter
Q2 2025
Reduced 22.8%-930,000 reported shares
SEC ref. $176.23Est. basis $175.59
Q1 2025
Reduced 32.2%-1,942,300 reported shares
SEC ref. $154.64Est. basis $175.59
Q4 2024
Unchanged
SEC ref. $189.30Est. basis $175.59
Q3 2024
Unchanged
SEC ref. $165.85Est. basis $175.59
Q2 2024
Increased 397.9%+4,816,819 reported shares
SEC ref. $182.15Est. basis $175.59
Q1 2024
Increased 669.1%+1,053,191 reported shares
SEC ref. $150.93Est. basis $149.47
Q4 2023
New position157,400 reported shares
SEC ref. $139.69Est. basis $139.69
Q1 2023
Position exitedLast reported in prior verified quarter
Q4 2022
Unchanged
SEC ref. $88.23Est. basis $156.75
Q3 2022
Increased 1,978.3%+15,193,399 reported shares
SEC ref. $95.65Est. basis $156.75
Q2 2022
Increased 34.0%+195,000 reported shares
SEC ref. $2,179.26Est. basis $1,365.42
Q1 2022
Reduced 7.3%-45,000 reported shares
SEC ref. $2,781.35Est. basis $1,088.47
Q4 2021
Unchanged
SEC ref. $2,897.04Est. basis $1,088.47
Q3 2021
Unchanged
SEC ref. $2,673.52Est. basis $1,088.47
Q2 2021
Unchanged
SEC ref. $2,441.79Est. basis $1,088.47
Q1 2021
Unchanged
SEC ref. $2,062.52Est. basis $1,088.47
Q4 2020
Unchanged
SEC ref. $1,752.64Est. basis $1,088.47
MARTIN MARIETTA MATLS INCMLM
$758.4M
1.4%
-12.9%Est. vs filing basis
New reported position
Reported shares1,315,109
Current price$502.47
SEC reference price$576.70
Estimated filing-based basis$576.70
Position historySEC quarter-end observations
Q2 2026
New position1,315,109 reported shares
SEC ref. $576.70Est. basis $576.70
VULCAN MATLS COVMC
$721.9M
1.4%
-15.1%Est. vs filing basis
New reported position
Reported shares2,447,004
Current price$250.60
SEC reference price$295.01
Estimated filing-based basis$295.01
Position historySEC quarter-end observations
Q2 2026
New position2,447,004 reported shares
SEC ref. $295.01Est. basis $295.01

Performance

Estimated 1Y performanceFiling-based estimate

+8.66%

Coverage 100% High coverage

Quarterly performanceBackend-published quarter legs within the 1Y estimate
2025-09-30+4.03%
2025-12-31+3.08%
2026-03-31-12.09%
2026-06-30+15.27%

Displayed legs are backend-ready filing-based estimates. They explain the path of the published 1Y result and are not summed or compounded in the browser.

MethodologyMIL_SEC_PERFORMANCE_V2_EXIT_AWARE_M2M
What this measures

Estimated return from standardized SEC-reported portfolio observations using the approved filing-based methodology. It is not an actual transaction-level or realized investor return.

Portfolio history

Q2 2026
$52.77B
11 positions
Q1 2026
$45.17B
10 positions
Q4 2025
$53.65B
9 positions
Q3 2025
$52.70B
9 positions
Q2 2025
$50.71B
10 positions

Methodology

1. Start with SEC filings

Official Form 13F filings and the canonical MarketInsiderLab filing record are authoritative. Unsupported or unverified data is withheld.

2. Use the verified filing denominator

Portfolio weights use the verified full filing total. Security identity and corporate-action continuity are reconciled before publication.

3. Compare verified quarter-end snapshots

Changes describe differences between verified SEC-reported quarter-end positions. They are not presented as exact buys, sells, trade dates, or execution prices.

4. Keep estimates clearly separated

Estimated filing-based basis and filing-based performance are backend-calculated research estimates, not actual execution prices or audited fund returns.

1-year performance is published only when four consecutive quarterly estimates pass QA and the weakest quarterly leg has at least 70% measurable coverage. Coverage of 90% or more is labeled High coverage; 70–89.9% is labeled Partial estimate. Lower-coverage estimates are withheld.

Chris Hohn Portfolio FAQ

What does this page track?

TCI Fund Management Ltd’s publicly disclosed Form 13F positions, not Chris Hohn’s personal portfolio.

Does Form 13F show exact trade dates?

No. It reports quarter-end positions and is filed later.

How are splits and ticker changes handled?

MIL reconciles corporate-action and share-class transitions before publishing history.

MarketInsiderLab tracks what public filings actually show.

Research and context — not a recommendation to copy any investor’s trades.

Explore investor portfolios →

Chris Hohn Portfolio FAQ

What does this page track?

TCI Fund Management Ltd’s publicly disclosed Form 13F positions, not Chris Hohn’s personal portfolio.

Does Form 13F show exact trade dates?

No. It reports quarter-end positions and is filed later.

How are splits and ticker changes handled?

MIL reconciles corporate-action and share-class transitions before publishing history.

MarketInsiderLab tracks what public filings actually show.Research and context — not a recommendation to copy any investor’s trades.
Explore investor portfolios →