Echinus Advisors’s Zillow Z Stock Holding History

Echinus Advisors’s Portfolio Z Stock Details Z Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q2	–	Sell	-922,152	Closed	-$49.6M	–	8
2018 Q1	$49.6M	Hold	922,152	–	–	11.68%	5
2017 Q4	$37.7M	Hold	922,152	–	–	8.39%	7
2017 Q3	$37.1M	Hold	922,152	–	–	8.72%	4
2017 Q2	$45.2M	Hold	922,152	–	–	11.88%	3
2017 Q1	$31M	Buy	922,152 +289,754	+46%	+$10.3M	8.95%	6
2016 Q4	$23.1M	Buy	632,398 +27,600	+5%	+$973K	7.48%	5
2016 Q3	$21M	Hold	604,798	–	–	7.46%	6
2016 Q2	$21.9M	Buy	+604,798	New	+$16.8M	7.93%	7

Other funds holding Z

CIA

Caledonia Investments (Australia) Sydney NSW, Australia $3.44B AUM 20.03% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

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

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

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

SPO Advisory San Anselmo, California $2.11B AUM 14.87% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

PCM

PAR Capital Management Boston, Massachusetts $3.45B AUM 28.5% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

SIM

SRS Investment Management New York $9.47B AUM 60.12% 1-Year Est. Return

Echinus Advisors's Z Position: Q2 2018 in Review

Echinus Advisors sold out of Zillow (Z) in Q2 2018, closing a stake of 922,152 shares — an estimated $49.6M sold.

Echinus Advisors first reported a position in Z in Q2 2016 and held it in 8 quarters. The position peaked at $49.6M in Q1 2018. 269 funds tracked by Wall St. Rank hold Z as of Q2 2018.

Echinus Advisors reported no remaining Zillow position as of Q2 2018 after selling out during the quarter.
Echinus Advisors sold 922,152 Zillow shares in Q2 2018, an estimated $49.6M.
Echinus Advisors first reported a position in Zillow in Q2 2016 and held it in 8 quarters.
Echinus Advisors's Zillow position peaked at $49.6M in Q1 2018.
269 funds tracked by Wall St. Rank held Zillow as of Q2 2018.

Based on Echinus Advisors's 13F filing for Q2 2018, filed 14 Aug 2018.