Most investors try to spread their risk across dozens of stocks. Chris Hohn does the opposite. The man who runs TCI Fund Management made $18.9 billion in a single year — breaking every record in hedge fund history — by holding just 10 stocks with extraordinary conviction.

This week, we go inside his U.S. portfolio: what he owns, what he just sold, and the three principles behind an 18% annualized return spanning more than two decades.

The numbers are striking. The logic behind them is even more so.

This week's video tears open the portfolio of Chris Hohn — one of the most successful investors alive, and someone most people have never heard of.

We walk through all 10 of his U.S. positions, from his smallest holding to a single stock that makes up nearly 30% of his entire portfolio.

What does a man managing $45 billion actually own? The answer is concentrated, disciplined, and oddly elegant. You don't want to miss this one.

Over 4 million people have had the same lightbulb moment.

Morning Brew is a free daily newsletter that breaks down what's happening in business, finance, and tech — clearly, quickly, and with enough personality to make it the best email in your inbox.

No yelling. No filler. Just the news, finally making sense.

Try it for free

Apple's annual developer conference delivered a revamped Siri built on large language models and a new suite of AI developer tools. The stock slid more than 5% across two sessions anyway. No firm launch date, few real surprises — investors walked away unconvinced, even as analysts at Morgan Stanley raised their price target citing a long runway of iPhone upgrades ahead.

Visa announced a partnership with OpenAI to embed payment capabilities directly inside AI agents. The deal targets what the industry is calling agentic commerce — a world where AI assistants book, buy, and pay on your behalf without human input. For long-term Visa holders, it is a clear signal that the company intends to be the payment layer at the heart of the AI economy.

Microsoft is reportedly considering spinning off its Xbox gaming division. The idea surfaced this week, with no final decision announced. It fits a broader pattern of Microsoft concentrating on its most defensible businesses — enterprise software, cloud, and AI — as those segments attract the bulk of investor attention and capital allocation.

SpaceX raised $75 billion in the largest IPO in recorded history and debuted on the Nasdaq on Friday under the ticker SPCX. Shares priced at $135 and closed up 19% at $161, pushing the company's market cap above $2 trillion on its first day of trading. It is now the seventh most valuable company in the United States.

Pool Corporation will be removed from the S&P 500 before trading opens on June 22, replaced by Marvell Technology and Flex. For long-term investors who hold Pool, the index fund selling pressure ahead of the removal date is worth watching — though it tells us nothing about the underlying business, which remains a dominant distributor in a durable industry.

Most investing tools add complexity. Stock Investing Academy strips it away — giving you clean data, proven frameworks, and the same view of the market that the best investors have.

This isn't a get-rich-quick shortcut. It's the infrastructure for patient, intelligent investing.

Get access to everything you need: