Echo Street Capital Management’s Panera Bread Co PNRA Stock Holding History

Echo Street Capital Management’s Portfolio PNRA Stock Details PNRA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q3	–	Sell	-65,390	Closed	-$9.8M	–	170
2014 Q2	$9.8M	Buy	+65,390	New	+$10.4M	0.64%	55
2014 Q1	–	Sell	-23,200	Closed	-$4.1M	–	140
2013 Q4	$4.1M	Sell	23,200 -34,100	-60%	-$5.72M	0.4%	61
2013 Q3	$9.08M	Buy	+57,300	New	+$9.95M	1.15%	31

Other funds holding PNRA

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

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

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

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

WRF

Waddell & Reed Financial Overland Park, Kansas $48.6B AUM 84.78% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Artisan Partners Milwaukee, Wisconsin $62.3B AUM 26.25% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

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

Echo Street Capital Management's PNRA Position: Q3 2014 in Review

Echo Street Capital Management sold out of Panera Bread Co (PNRA) in Q3 2014, closing a stake of 65,390 shares — an estimated $9.8M sold.

Echo Street Capital Management first reported a position in PNRA in Q3 2013 and held it in 3 quarters. The position peaked at $9.8M in Q2 2014. 273 funds tracked by Wall St. Rank hold PNRA as of Q3 2014.

Echo Street Capital Management reported no remaining Panera Bread Co position as of Q3 2014 after selling out during the quarter.
Echo Street Capital Management sold 65,390 Panera Bread Co shares in Q3 2014, an estimated $9.8M.
Echo Street Capital Management first reported a position in Panera Bread Co in Q3 2013 and held it in 3 quarters.
Echo Street Capital Management's Panera Bread Co position peaked at $9.8M in Q2 2014.
273 funds tracked by Wall St. Rank held Panera Bread Co as of Q3 2014.

Based on Echo Street Capital Management's 13F filing for Q3 2014, filed 13 Nov 2014.