Activist · CIK 0001647251

Chris Hohn

TCI Fund Mgmt
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Chris Hohn runs TCI Fund Mgmt, an activist overseeing $53.65B in disclosed equity holdings (SEC CIK 0001647251). The latest portfolio (2025Q4) discloses 9 positions across 4 sectors, with the largest positions in GE, V and MSFT. On a mark-to-market basis the tracked portfolio has returned 28.9% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Portfolio
$53.65B
Positions
9
Quarter
2025Q4
Filings tracked
40
1Y+28.9%3Y+99.7%5Y+63.1%10Y+210.0%Full performance →
1-YearTWR
+28.86%
since 2024Q4
3-YearTWR
+99.71%
since 2022Q4
5-YearTWR
+63.07%
since 2020Q4
10-Yearbacktest
+209.96%
since 2016-04-20

Methodology: TWR tiles chain-link quarterly mark-to-market across consecutive filings (GIPS-compliant) · actual tiles use a real 13F snapshot marked to today · backtest tiles re-price the current book to historical prices.

Performance overview

We mark Chris Hohn (TCI Fund Mgmt)'s disclosed portfolio to current market prices and compare its growth against the S&P 500 (SPY). Chris's portfolio is 28.9% over the last 12 months.

Portfolio growth vs SPY
Rebased to 100 at 2021Q2 · through 2025Q4
Chris Hohn
+46.6%
SPY
+69.5%
Alpha
-23.0pp
60901191491782021Q22023Q32025Q4
Portfolio line is the GIPS-compliant time-weighted return chain-linked across the manager's quarterly 13F filings — unaffected by capital flows. Quarters with insufficient held-through coverage are skipped, which can briefly flatten the line.
Capital flow per quarter
BuysSellsNet
+$8.24B+$4.12B$0-$4.12B-$8.24B'22Q1'22Q2'22Q3'22Q4'23Q1'23Q2'23Q3'23Q4'24Q1'24Q2'24Q3'24Q4'25Q1'25Q2'25Q3'25Q4
Latest · 2025Q4
-$673M
Lifetime buys
$39.92B
Lifetime sells
$39.46B
Portfolio over time
AUMPositions
$0$17.70B$35.41B$53.65B139'22Q1'23Q4'25Q4
QoQ AUM
+1.8%
16Q lifetime AUM
+45.6%
QoQ positions
+0
16Q lifetime positions
-2
Position concentration
10 positions
Top 1
24%
of book
  • Top 124%$12.23BGE
  • Top 2-555%$28.00BMSFT, V, MCO
  • Top 6-1021%$10.48BCP, CNI, GOOG
  • Top 11-200%$0
  • Rest0%$0