Echo Street Capital Management Portfolio holdings

Echo Street Capital Management's Q3 2020 Portfolio in Review

As of Q3 2020, Echo Street Capital Management held 434 positions worth $5.82B, down 31% from $8.45B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Echo Street Capital Management withdrew a net $3.27B in Q3 2020, closing 323 positions and reducing 66 holdings. Its most notable exit was Canadian Pacific Kansas City, an estimated $105M position sold in full.

By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 28% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Echo Street Capital Management opened a new position in People Inc worth $88.7M.

• Echo Street Capital Management's largest Q3 2020 buy was People Inc: 1,356,179 shares worth $88.7M.
• Echo Street Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q3 2020, an estimated $34.2M increase.
• Echo Street Capital Management's biggest Q3 2020 reduction was AvalonBay Communities, cutting an estimated $111M.
• Echo Street Capital Management fully exited Canadian Pacific Kansas City in Q3 2020, selling an estimated $105M.
• Echo Street Capital Management's ten largest holdings make up 23% of its $5.82B portfolio in Q3 2020.
• Echo Street Capital Management opened 6 new positions and closed 323 in Q3 2020.
• Echo Street Capital Management's portfolio value fell 31% quarter-over-quarter to $5.82B.

Based on Echo Street Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.