Heico ($HEI) podcast mentions
Per Ticker.id: 39 Heico ($HEI) mentions across 1 podcast (30 days) — timestamped, verifiable quotes, updated 2026-10-22.
There's just so many great investors to include. You can't give them all the proper shoutout that they deserve, but I'll say the interesting thing about Hohn is that he is a really very highly concentrated investors. So when you cover his ideas, you know that it's not just some position that he sort of made a casual bet on and then allowed to run up in size in the portfolio. Instead, he has maybe the highest bar for investing in a company of any investor I've ever studied, and that's saying a lot. And with GE being more than 30% of his $50 billion portfolio, that is just— it's insane. And so we covered Heico and TransDigm recently on the podcast, and those are fantastic businesses in the aviation space too, but I feel like GE Aerospace really is the pinnacle of quality in that industry. And it's definitely valued that way too though. It's no secret to the market how good of a business this is.
Preston Pysh · The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network · TIP854: GE Aerospace: Chris Hohn’s Biggest Bet w/ Daniel Mahncke & Shawn O'Malley · 2026-10-22We are already in a bit of a small dropdown at the time of recording here. GE's shares are down about 20% recently, and of course that is a pretty small blip when you zoom out and look at their meteoric rise post-COVID. But before we get lost in the stock action, how about you just take a moment and walk us through the history of the company and what it is exactly that GE does, and then how that differs from their peers in the aviation space of Heico and Transdigm.
Preston Pysh · The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network · TIP854: GE Aerospace: Chris Hohn’s Biggest Bet w/ Daniel Mahncke & Shawn O'Malley · 2026-10-22That's always cool to get a kind of peek behind the curtains at the history of these things. There's always some sort of top secret project. It feels like when we're talking about the history of aviation, and I was surprised by how many of them had to do with aircraft and engine development. So another thing that I found fascinating at that museum was seeing the incredibly long history behind airlines like United and Delta. And then the big joke that we had at the museum was, right, you know, seeing how during those periods they effectively created no shareholder value. During those times, as Buffett would say. And then on the other hand, you have GE and Transdigm and Heico and other similar businesses that all operate, you know, phenomenal and, and really highly profitable businesses tangential to the aviation space, sort of from a different perspective. And so it shows once again that pretty much every industry has successful players, and if you can figure out where they are on the value chain, you can make a lot of money.
Preston Pysh · The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network · TIP854: GE Aerospace: Chris Hohn’s Biggest Bet w/ Daniel Mahncke & Shawn O'Malley · 2026-10-22And how about though we dive a bit deeper into the current business? And since we've covered quite a lot of companies in this aviation space by now, from Copa as an airline to Transdigm and Heico as part suppliers, I do think it would be interesting to better understand where in the value stack GE operates and fits in and how that compares to Heico and Transdigm in particular.
Preston Pysh · The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network · TIP854: GE Aerospace: Chris Hohn’s Biggest Bet w/ Daniel Mahncke & Shawn O'Malley · 2026-10-22And you have the major regulatory moat that we mentioned earlier too, right? So the FAA and the EASA require thousands of test cycles, and once an engine is certified for an aircraft type, basically it's locked in. So competitors can't really come into that market easily. And that's the same logic that applies to why a lot of investors really like TransDigm and Heico. And although I would say the consequences are a little more severe when we talk about GE's products failing than when we talk about TransDigm or Heico's.
Preston Pysh · The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network · TIP854: GE Aerospace: Chris Hohn’s Biggest Bet w/ Daniel Mahncke & Shawn O'Malley · 2026-10-22And just to give listeners an idea of the size of the business, GE generated a little more than $40 billion in revenue last year. In comparison, Transdigm did about $9 billion and Heico did half that at $4.5 billion. So clearly GE is significantly bigger than these other companies, yet at the same time, it is similarly profitable. It looks like GE has about a 20% overall margin. And so I do ask myself whether all of the aftermarket actually goes to GE or whether companies like Transdigm and Heico went over some of the aftermarket revenue with their parts businesses. And if you think of it through that lens, then technically it would seem like they are something more akin to being competition.
Preston Pysh · The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network · TIP854: GE Aerospace: Chris Hohn’s Biggest Bet w/ Daniel Mahncke & Shawn O'Malley · 2026-10-22