Hohn swaps Microsoft for crushed rock: TCI buys the aggregates duopoly

Chris Hohn's TCI just dumped its remaining Microsoft stake — about a billion dollars sold — and plowed roughly $1.5 billion into the two US construction-aggregates giants, Martin Marietta and Vulcan. It's a trade away from AI-era tech and into local quarry monopolies that print steady, inflation-beating pricing. He also added a touch more S&P Global and Visa.