Chris Hohn

TCI Fund Management Ltd

as of Sep 30, 2025 · filed Nov 14, 2025 · 45-day reporting lag · historical report

Source filings

13F-HR 0001647251-25-000014

QuarterCompare any two quarters

Portfolio value$52.7B 3.9% vs. previous quarter

Positions90 new · 0 sold

Top 584.0%largest GE at 27.1%

Largest moveVIncreased · +4.8% weight shift

Concentration

How much of the portfolio the biggest positions add up to. Hover the curve, or focus it and use the arrow keys, to inspect each rank.

Longest held

One block per imported quarter, oldest at the left. A full row means held in all of them, not that the position began there.

47%held throughout

V26

MCO26

SPGI26

GOOG26

CNI26

Top 3 moves

V+4.8%

GE+3.0%

GOOG−2.1%

No new positions and no positions sold; the largest portfolio-weight shift was V gaining 4.8% of portfolio weight.

Holdings

Reported price is value divided by shares, the manager’s quarter-end mark rather than a traded price.

Sorted by portfolio weight, high to low

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Reported holdings for Q3 2025

GEGE AerospaceIndustrials	27.1%+3.0%	Unchanged	47,510,431	$300.82	$14.3B
VVISA INC-CLASS A SHARESFinancials	18.2%+4.8%	Increased47.1%	28,057,351	$341.38	$9.58B
MSFTMICROSOFT CORPInformation Technology	16.3%-0.9%	Reduced5.5%	16,592,204	$517.95	$8.59B
MCOMOODY'S CORPConsumer Discretionary	12.0%-1.1%	Increased0.5%	13,308,479	$476.48	$6.34B
SPGIS&P GLOBAL INCConsumer Discretionary	10.3%-1.2%	Increased0.9%	11,189,870	$486.71	$5.45B
CPCANADIAN PACIFIC KANSAS CITYIndustrials	7.0%-1.2%	Reduced5.6%	49,865,735	$74.47	$3.71B
GOOGALPHABET INC-CL CCommunication ServicesGOOG · GOOGLSupply chain (as of Q2 2026)	3.5%-2.1%	Reduced	GOOG7,596,819GOOGL3,155,110	GOOG$243.55GOOGL$0.00	$1.85B
CNICANADIAN NATL RAILWAY COIndustrials	3.4%-1.4%	Reduced18.4%	18,767,774	$94.29	$1.77B
Ticker unavailableFERROVIAL SEUnclassified	2.1%+0.1%	Unchanged	19,470,666	$57.24	$1.11B