Echo Street Capital Management Portfolio holdings

Echo Street Capital Management's Q2 2017 Portfolio in Review

As of Q2 2017, Echo Street Capital Management held 178 positions worth $2.7B, down 9.3% from $2.97B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Echo Street Capital Management withdrew a net $375M in Q2 2017, closing 31 positions and reducing 65 holdings. Its most notable exit was Vanguard Real Estate ETF, an estimated $48.7M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 22% of assets, down from 25% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Echo Street Capital Management opened a new position in MSC Industrial Direct worth $24.3M.

• Echo Street Capital Management's largest Q2 2017 buy was MSC Industrial Direct: 282,127 shares worth $24.3M.
• Echo Street Capital Management added most to American Homes 4 Rent in Q2 2017, an estimated $24.4M increase.
• Echo Street Capital Management's biggest Q2 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $60.3M.
• Echo Street Capital Management fully exited Vanguard Real Estate ETF in Q2 2017, selling an estimated $48.7M.
• Echo Street Capital Management's ten largest holdings make up 25% of its $2.7B portfolio in Q2 2017.
• Echo Street Capital Management opened 19 new positions and closed 31 in Q2 2017.
• Echo Street Capital Management's portfolio value fell 9.3% quarter-over-quarter to $2.7B.

Based on Echo Street Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.