Although it has a small number of investments, Childrens Investment Fund still has a sizeable portfolio, with an estimate market value of $2.26 billion, up from the $1.16 billion at the end of March 2014. The stock in Childrens Investment’s portfolio can be grouped into 3 main categories: financials, consumer discretionary and technology. The fund was founded in 2003 by Chris Hohn and is based in London, United Kingdom. Hohn has enjoyed remarkable success almost immediately, Childrens Investment being named European Hedge Fund of the Year in 2004 and 2005. He employs a long and short strategy to identify investment opportunities and focus mainly on value stocks. Forbest estimates Chris Hohn’s net worth at approximately $1.1 billion.
Moody’s Corporation (NYSE:MCO) continues to be Hohn’s favorite stock, accounting for 43% of Childrens Investment’s portfolio. During the second quarter, Hohn has increased his fund’s investment in the company by 14% to 11 million shares valued at roughly $970 million. Warren Buffett is also a fan of Moody’s Corporation (NYSE:MCO), having significant stake in the company: 24.6 million shares worth $2.16 billion. During Q2, Berkshire Hathaway has not reported any changes to its position in Moody’s Corporation (NYSE:MCO).
Hohn’s biggest new bet is Time Warner Cable Inc (NYSE:TWC), occupying approximately 35% of Childrens Investment’s equity portfolio. From April to June, Hohn has been busy building a position that amasses 5.31 million shares of Time Warner Cable Inc (NYSE:TWC) and is valued at $782 million. David E Shaw is also optimistic about the prospects of the company and has boosted his fund’s holding of Time Warner Cable Inc (NYSE:TWC) by 62% to accumulate 5.19 million shares valued at $765 million.
Another provider of entertainment and communications services that Hohn is betting big on is Comcast Corporation (NASDAQ:CMCSA). As of June 30, 2014, Childrens Investment has control over 3.88 million shares of Comcast Corporation (NASDAQ:CMCSA), an investment that carries an estimated value in excess of $208 million. Lansdowne Partners, led by Alex Snow, believes this stock is still heading upwards and have thus slightly increased their investment in Comcast Corporation (NASDAQ:CMCSA) during the quarter. Lansdowne Partners holds 27.1 million shares worth in excess of $1.45 billion, a position that accounts for 14% of its equity portfolio.