Tracking Chris Hohn's TCI Fund Management 13F Portfolio - Q4 2025 Update

John Vincent26.06K FollowersFollow5ShareSavePlay(12min)CommentsSummaryTCI Fund Management’s Q4 2025 13F portfolio rose to $53.65B, maintaining 9 positions with top holdings GE Aerospace, Visa, Microsoft, Moody’s, and S&P Global.GE Aerospace remains the largest position at ~27%, reflecting strong conviction, while Microsoft and S&P Global saw incremental stake increases this quarter.Significant trimming occurred in Canadian National Railway (~48% reduction) and modest reductions in Visa and Canadian Pacific, signaling selective risk management.Portfolio concentration is high, with the top five holdings comprising ~84% of assets, underscoring a focused, conviction-driven investment approach.NiseriN/iStock via Getty Images This article is part of a series that provides an ongoing analysis of the changes made to TCI Fund Management's 13F portfolio on a quarterly basis. It is based on their regulatory 13F Form filed onThis article was written byJohn Vincent26.06K FollowersFollowFocused on analyzing 13F reports & building tools to help DIY investors generate absolute returns through exploiting inefficiency, volatility, and momentum.

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