Chris Hohn
Q2 2026 versus Q1 2026: 2 bought, 4 added to, 3 reduced, 1 sold. By dollars, the largest buy was Martin Marietta Materials, $758.4M more at the quarter-end price; the largest sale Microsoft, $1.0B less. Net, $711.3M more bought than sold. What every tracked investor did in Q2 2026.
Every move, largest first
| Ticker | Issuer | Move | Shares Q1 2026 → Q2 2026 | Bought / sold | Of the portfolio | Weight now | Price vs model |
|---|---|---|---|---|---|---|---|
| MSFT | Microsoft Corp | sold | 2.7M → 0 | −$1.0B | −1.91% | — | — |
| MLM | Martin Marietta Matls INC | bought | — → 1.3M | +$758.4M | +1.44% | 1.4% | 54% overvalued |
| VMC | Vulcan Matls CO | bought | — → 2.4M | +$721.9M | +1.37% | 1.4% | 129% overvalued |
| GOOG | Alphabet INC | added +12% | 8.9M → 9.9M | +$383.3M | +0.73% | 6.7% | 49% overvalued |
| CP | Canadian Pacific Kansas City | reduced −3% | 46.5M → 45.3M | −$103.6M | −0.20% | 7.4% | — |
| CNI | Canadian Natl Ry CO | reduced −4% | 9.8M → 9.4M | −$49.7M | −0.09% | 2.1% | — |
| GE | Ge Aerospace | reduced −0% | 47.5M → 47.4M | −$30.7M | −0.06% | 33.6% | 101% overvalued |
| SPGI | S&p Global INC | added +0% | 14.0M → 14.1M | +$19.0M | +0.04% | 10.9% | 39% overvalued |
| FER | Ferrovial NV | added +1% | 20.7M → 20.9M | +$13.7M | +0.03% | 2.7% | no usable model value |
| V | Visa INC | added +0% | 30.5M → 30.5M | +$8.9M | +0.02% | 19.8% | 40% overvalued |
Bought / sold is the change in shares × the quarter's reported price (value ÷ shares in the filing); a position sold out is priced at the quarter before, since it has no price in this one. “Of the portfolio” is that amount against this quarter's reported book.
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.