Europe’s Most Feared Investor Chris Hohn is Buying These 3 Stocks

2. Canadian Pacific Railway Limited (NYSE:CP)

Sir Hohn’s Stake Value: $4.3 billion

Percentage of Sir Hohn’s 13F Portfolio: 10.71%

Number of Hedge Fund Holders: 25

Canadian Pacific Railway Limited (NYSE:CP) is one of the oldest companies in Canada, as it was founded in 1881 and it is headquartered in Calgary. The company primarily targets the commodity and minerals transportation markets, by shipping a diverse range of products covering grains, fertilizers, plastics, minerals and metals.

During the second quarter, Sir Hohn’s TCI Fund Management held 55.8 million shares of the company, a stake that represented 10.7% of his portfolio and was worth $4.2 billion.

A second quarter poll of 873 hedge funds by Insider Monkey revealed that 25 held a stake in Canadian Pacific Railway Limited (NYSE:CP), and the company’s largest investor after Sir Hohn is Stephen J. Erricos’s Locust Wood Capital Advisors.

ClearBridge Investments in a first quarter investor letter published earlier this year had the following to say about Canadian Pacific Railway Limited (NYSE:CP):

“We reoriented the portfolio for a more cyclical market in the fourth quarter and saw good performance in these areas from structural growth companies like Canadian Pacific Railway, which we repurchased during the quarter. Canadian Pacific pared gains after announcing the acquisition of Kansas City Southern that will create the first rail operator connecting the U.S., Mexico and Canada.”

Canadian Pacific Railway Limited (NYSE:CP) joins Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc. (NASDAQ:GOOG), alongside Charter Communications, Inc. (NASDAQ:CHTR) as a top Sir Hohn pick.

In an October analyst note, RBC Capital analyst Walter Spracklin kept an outperform rating on Canadian Pacific Railway Limited (NYSE:CP) and reduced its price target by CAD$1 to CAD$115.