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

2. Canadian National Railway Company (NYSE:CNI)

TCI Fund Management’s Equity Stake: $4.43 Billion
Number of Hedge Fund Holders: 39

Canadian National Railway Company (NYSE:CNI) is the second largest holding in the TCI Fund Management portfolio, specializing in offering rail and related transportation business. Canadian National Railway Company (NYSE:CNI)offers rail services, including equipment, custom brokerage, and distribution services.

Canadian National Railway Company (NYSE:CNI) was up by about 6%, helping propel billionaire Chris Hohn’s hedge fund beat the market with a 33% gain. TCI Fund Management held stakes worth $4.42 billion in Canadian National Railway Company (NYSE:CNI) as of the end of the third quarter, putting it in a position to benefit from a 1.91% dividend yield on offer.

As of the end of Q3 2023, 39 hedge funds tracked by Insider Monkey owned stakes in Canadian National Railway Company (NYSE:CNI), compared with 38 in the preceding quarter. The consolidated value of these stakes is over $11.22 billion. Michael Larson’s Bill & Melinda Gates Foundation Trust is the leading stakeholder in the Canadian National Railway Company (NYSE:CNI), with stakes worth $5.94 billion.

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