Chris Hohn runs TCI Fund Management Ltd, a concentrated book of 10 stocks worth $45.2B as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened Alphabet Inc-CL A and trimmed Canadian Pacific Kansas City. Their largest long position is General Electric at 30% of the equity book. Cloning the disclosed picks since 2021 would be +51% (+8.9%/yr). That is a simulation of the disclosed long book, not audited returns.
The public view is the crawlable proof. The same sourced dataset is available through REST and MCP for agents, research scripts, and back-office tools.
The reported book (valued from quarter-end) returned +54.4%, a 3.8-point gap that is the cost of the ~45-day 13F disclosure lag a real follower can't avoid.
Growth of $10,000 cloning Chris Hohn, TCI Fund Management Ltd's disclosed long 13F book, rebalanced on each filing date (so it reflects the ~45-day reporting lag, no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.
Top-heavy: concentrated book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
100% mapped to company sectors
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices, no cost basis
10 companies · Q1 2026
| # | Stock | % of book | Value | Shares | Last move |
|---|---|---|---|---|---|
| 1 | General ElectricGE | 29.8% | $13.5B | 47.5M | —Held |
| 2 | Visa Inc-Class A SharesV | 20.4% | $9.2B | 30.5M | ▲+9.9% Added · +2.7M sh |
| 3 | Moody's CorpMCO | 13.8% | $6.3B | 14.3M | ▲+7.7% Added · +1.0M sh |
| 4 | S&P Global IncSPGI | 13.2% | $6.0B | 14.0M | ▲+19% Added · +2.2M sh |
| 5 | Canadian Pacific Kansas CityCP | 8.1% | $3.7B | 46.5M | ▼−2.4% Reduced · −1.1M sh |
| 6 | Alphabet Inc-CL CGOOG | 5.6% | $2.5B | 8.9M | ▲+17% Added · +1.3M sh |
| 7 | Ferrovial NVFER | 2.9% | $1.3B | 20.7M | —Held |
| 8 | Canadian Natl Railway CoCNI | 2.2% | $1.0B | 9.8M | —Held |
| 9 | Microsoft CorpMSFT | 2.2% | $1.0B | 2.7M | ▼−84% Reduced · −14.1M sh |
| 10 | Alphabet Inc-CL AGOOGL | 1.6% | $706.5M | 2.5M | ▲New +2.5M sh |
1 vehicle
Aggregated from SEC Form 13F filings (institutional long equity positions, reported quarterly ~45 days after quarter-end). Holdings are public domain, sourced to SEC EDGAR. The book totals, weighting, concentration and sectors are long equity only; disclosed put/call options are listed separately and excluded from those figures. The performance line is a simulation of the disclosed long book, not an audited fund return. Every panel is one call to the Arkolith API & MCP server.