Here is How Billionaire Chris Hohn’s Hedge Fund Beat the Market with 33% Gain and His Top 5 Stock Picks

In this article, we take a look at here is how billionaire Chris Hohn’s hedge fund beat the market with 33% gain and his top 5 stock picks. You can read our detailed discussion of Hohn’s investment philosophy, his fund’s performance and go directly to Here is How Billionaire Chris Hohn’s Hedge Fund Beat the Market with 33% Gain and His Top 9 Stock Picks.

5. S&P Global Inc. (NYSE:SPGI)

TCI Fund Management’s Equity Stake: $3.31 Billion
Number of Hedge Fund Holders: 78

S&P Global Inc. (NYSE:SPGI) is one of the companies Hohn turns to for diversifying his holdings in the Financial Services sector. The company offers credit ratings, benchmark analytics, and workflow solutions.

Strong demand for S&P Global Inc. (NYSE:SPGI)’s financial services helped bolster its sentiments in the market, going by the 29% gain in 2023 that allowed billionaire Chris Hohn’s hedge fund to beat the market with a 33% gain.

TCI Fund Management emerged as the predominant stakeholder in S&P Global Inc. (NYSE:SPGI) during Q3, possessing more than 9 million shares in the company. While trading at a price-to-earnings multiple of 56.20, S&P Global also offers a 0.83% dividend yield.

By the end of Q3 2023, 78 hedge funds within Insider Monkey’s database disclosed their holdings in S&P Global Inc. (NYSE:SPGI), marking a slight decrease from the 82 funds in the previous quarter. The combined value of these holdings amounted to approximately $7 billion. 

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