Photo: Simon Walker / No 10 Downing Street, CC BY 2.0, via Wikimedia Commons
Chris Hohn
TCI Fund Management · Concentrated quality / activist Hohn's TCI runs a very concentrated book of high-quality compounders and activist positions.
Sir Christopher Hohn (born 1966) is a British hedge fund manager who founded The Children's Investment Fund Management (TCI) in 2003. TCI runs a highly concentrated portfolio of high-quality, wide-moat businesses and pursues activist campaigns; part of its fees historically funded the Children's Investment Fund Foundation. Hohn is known for large, long-held stakes in businesses such as railroads, ratings agencies, and aerospace.
显示全部 11 个申报的 13(f) 持仓；TradingPilot 只为其中 2 个与其整理过的公司库匹配的持仓建立链接——并未使用需付费授权的 CUSIP↔代码对照库。未匹配的持仓按申报原样以纯文本呈现。
组合配置（申报的 13F 股票）
仅含在美国上市的多头股票持仓；不含期权。
- GE AEROSPACE33.6%
- V19.8%
- MOODYS CORP12.3%
- S&P GLOBAL INC10.9%
- CANADIAN PACIFIC KANSAS CITY7.4%
- ALPHABET INC6.7%
- FERROVIAL NV2.7%
- CANADIAN NATL RY CO2.1%
- GOOGL1.7%
- MARTIN MARIETTA MATLS INC1.4%
- Others1.4%
申报的 13F 股票市值——这不是回报，也不是管理规模
仅含在美国上市的多头股票持仓；申报有约 45 天的延迟。
| # | 代码 | 证券名称（申报原文） | 占 13F 比例 | 股数 | 申报均价 | 当前 | 金额 | 变动 |
|---|---|---|---|---|---|---|---|---|
| 1 | — | GE AEROSPACE | 33.6% | 47,428,233 | $373.73 | — | $17.7B | 新建仓 |
| 2 | V | VISA INC | 19.8% | 30,494,133 | $343.09 | $410.54 +19.7% | $10.5B | 加仓 +0% |
| 3 | — | MOODYS CORP | 12.3% | 14,334,027 | $452.92 | — | $6.5B | 维持 +0% |
| 4 | — | S&P GLOBAL INC | 10.9% | 14,081,957 | $407.26 | — | $5.7B | 加仓 +0% |
| 5 | — | CANADIAN PACIFIC KANSAS CITY | 7.4% | 45,325,726 | $86.62 | — | $3.9B | 减仓 −3% |
| 6 | — | ALPHABET INC | 6.7% | 9,938,819 | $353.33 | — | $3.5B | 加仓 +12% |
| 7 | — | FERROVIAL NV | 2.7% | 20,940,441 | $68.51 | — | $1.4B | 加仓 +1% |
| 8 | — | CANADIAN NATL RY CO | 2.1% | 9,433,422 | $119.21 | — | $1.1B | 减仓 −4% |
| 9 | GOOGL | ALPHABET INC | 1.7% | 2,457,000 | $357.37 | $283.82 -20.6% | $878.1M | 维持 +0% |
| 10 | — | MARTIN MARIETTA MATLS INC | 1.4% | 1,315,109 | $576.70 | — | $758.4M | 新建仓 |
| 11 | — | VULCAN MATLS CO | 1.4% | 2,447,004 | $295.01 | — | $721.9M | 新建仓 |
| — | MSFT | MICROSOFT CORP | — | 0 | — | — | $0 | 已清仓 −100% |
申报均价 = 季末的金额 ÷ 股数——这是一个平均值，并非管理人的买入或卖出价。
“当前”显示的是自申报季末以来该股票的价格变动（仅限已匹配的名字）——这是股票本身的涨跌，不是管理人的已实现收益（我们并不知道他们的成本，也不知道他们是否仍持有）。
TradingPilot 对其申报 13F 股票组合的分析
截至 2026Q2，Chris Hohn 申报的 13F 组合持有 11 个股票持仓；其中最大的 5 个占其 84%。
- GE AEROSPACE — 占 13F 的 33.6%
- VISA INC (V) — 占 13F 的 19.8%
- MOODYS CORP — 占 13F 的 12.3%
- S&P GLOBAL INC — 占 13F 的 10.9%
- CANADIAN PACIFIC KANSAS CITY — 占 13F 的 7.4%
本季度：新建 3 个，加仓 4 个，减仓 2 个，清仓 1 个。
- MICROSOFT CORP (MSFT) — 已清仓 (−2,728,412 股)
- CANADIAN PACIFIC KANSAS CITY — 减仓 (−1,196,197 股)
- ALPHABET INC — 加仓 (+1,084,800 股)
- CANADIAN NATL RY CO — 减仓 (−416,512 股)
- FERROVIAL NV — 加仓 (+200,227 股)