Echinus Advisors’s Chipotle Mexican Grill CMG Stock Holding History

Echinus Advisors’s Portfolio CMG Stock Details CMG Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q2	–	Sell	-70,050	Closed	-$995K	–	10
2019 Q1	$995K	Sell	70,050 -3,912,000	-98%	-$45.4M	0.13%	8
2018 Q4	$34.4M	Hold	3,982,050	–	–	6.09%	7
2018 Q3	$36.2M	Sell	3,982,050 -6,761,150	-63%	-$64.3M	6.21%	7
2018 Q2	$92.7M	Sell	10,743,200 -1,720,750	-14%	-$14.1M	20.15%	2
2018 Q1	$80.5M	Buy	12,463,950 +1,873,200	+18%	+$11.8M	18.96%	2
2017 Q4	$61.2M	Buy	+10,590,750	New	+$63.2M	13.62%	4

Other funds holding CMG

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

PSCM

Pershing Square Capital Management New York $13.7B AUM 13.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

Jennison Associates New York $145B AUM 34.61% 1-Year Est. Return

ClearBridge Investments New York $115B AUM 24.78% 1-Year Est. Return

IFP

Independent Franchise Partners London, United Kingdom $14.3B AUM 3.49% 1-Year Est. Return

Echinus Advisors's CMG Position: Q2 2019 in Review

Echinus Advisors sold out of Chipotle Mexican Grill (CMG) in Q2 2019, closing a stake of 70,050 shares — an estimated $995K sold.

Echinus Advisors first reported a position in CMG in Q4 2017 and held it in 6 quarters. The position peaked at $92.7M in Q2 2018. 608 funds tracked by Wall St. Rank hold CMG as of Q2 2019.

Echinus Advisors reported no remaining Chipotle Mexican Grill position as of Q2 2019 after selling out during the quarter.
Echinus Advisors sold 70,050 Chipotle Mexican Grill shares in Q2 2019, an estimated $995K.
Echinus Advisors first reported a position in Chipotle Mexican Grill in Q4 2017 and held it in 6 quarters.
Echinus Advisors's Chipotle Mexican Grill position peaked at $92.7M in Q2 2018.
608 funds tracked by Wall St. Rank held Chipotle Mexican Grill as of Q2 2019.

Based on Echinus Advisors's 13F filing for Q2 2019, filed 14 Aug 2019.