Echinus Advisors’s Moody's MCO Stock Holding History

Echinus Advisors’s Portfolio MCO Stock Details MCO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-150,670	Closed	-$21M	–	10
2017 Q3	$21M	Sell	150,670 -189,200	-56%	-$24.9M	4.93%	8
2017 Q2	$41.4M	Sell	339,870 -131,000	-28%	-$15.3M	10.87%	5
2017 Q1	$52.8M	Sell	470,870 -105,000	-18%	-$11.3M	15.21%	2
2016 Q4	$54.3M	Buy	575,870 +25,385	+5%	+$2.56M	17.61%	2
2016 Q3	$59.6M	Hold	550,485	–	–	21.21%	2
2016 Q2	$51.6M	Sell	550,485 -142,000	-21%	-$13.7M	18.64%	2
2016 Q1	$66.9M	Buy	692,485 +170,000	+33%	+$15.3M	22.03%	1
2015 Q4	$52.4M	Buy	522,485 +16,000	+3%	+$1.6M	18.2%	1
2015 Q3	$49.7M	Buy	506,485 +75,100	+17%	+$7.99M	17.8%	2
2015 Q2	$46.6M	Sell	431,385 -66,907	-13%	-$7.2M	17.48%	2
2015 Q1	$51.7M	Buy	498,292 +66,392	+15%	+$6.42M	21.34%	2
2014 Q4	$41.4M	Buy	+431,900	New	+$41.9M	22.47%	1

Other funds holding MCO

Berkshire Hathaway Omaha, Nebraska $299B AUM 27.55% 1-Year Est. Return

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

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return

ACM

AKRE Capital Management Middleburg, Virginia $5.12B AUM 19.08% 1-Year Est. Return

Fiera Capital (Canada) Montreal, Quebec, Canada $27.6B AUM 23.56% 1-Year Est. Return

Massachusetts Financial Services Boston, Massachusetts $315B AUM 27.84% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $204B AUM 27.99% 1-Year Est. Return

Harris Associates Chicago, Illinois $75.4B AUM 14.46% 1-Year Est. Return

Echinus Advisors's MCO Position: Q4 2017 in Review

Echinus Advisors sold out of Moody's (MCO) in Q4 2017, closing a stake of 150,670 shares — an estimated $21M sold.

Echinus Advisors first reported a position in MCO in Q4 2014 and held it in 12 quarters. The position peaked at $66.9M in Q1 2016. 647 funds tracked by Wall St. Rank hold MCO as of Q4 2017.

Echinus Advisors reported no remaining Moody's position as of Q4 2017 after selling out during the quarter.
Echinus Advisors sold 150,670 Moody's shares in Q4 2017, an estimated $21M.
Echinus Advisors first reported a position in Moody's in Q4 2014 and held it in 12 quarters.
Echinus Advisors's Moody's position peaked at $66.9M in Q1 2016.
647 funds tracked by Wall St. Rank held Moody's as of Q4 2017.

Based on Echinus Advisors's 13F filing for Q4 2017, filed 14 Feb 2018.