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

3. Canadian Pacific Kansas City Limited (NYSE:CP)

TCI Fund Management’s Equity Stake: $4.15 Billion
Number of Hedge Fund Holders: 52

Canadian Pacific Kansas City Limited (NYSE:CP) is another industrial player in the TCI Fund Management investment portfolio, offering exposure to the transportation of bulk commodities, including grain, coal, potash, and fertilizers. Canadian Pacific Kansas City Limited (NYSE:CP) provides rail transportation services through a network of 13,000 miles. 

Canadian Pacific Kansas City Limited (NYSE:CP) was up by about 5% in 2023, rewarding investors with a 0.73% dividend yield. TCI Fund Management held stakes worth $4.15 billion as of Q3 2023. 

At the end of the third quarter of 2023, 52 hedge funds in the database of Insider Monkey held stakes worth $7.61 billion in Canadian Pacific Kansas City Limited (NYSE:CP), compared to the same number of funds in the preceding quarter worth $8.16 billion. 

Here is what Pershing Square Holdings, an asset management firm, said about Canadian Pacific Kansas City Limited (NYSE:CP) in its first half 2023 investor letter:

Canadian Pacific Kansas City Limited (NYSE:CP) is a high-quality business with significant earnings growth potential that operates in an oligopolistic industry with considerable barriers to entry and significant pricing power due to its high-quality, competitive transportation offering. After receiving regulatory approval from the Surface Transportation Board on March 15, Canadian Pacific closed the acquisition of Kansas City Southern on April 14th and renamed the Canadian Pacific Kansas City combined company. …” (Click here to read the full text)

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