Echo Street Capital Management Portfolio holdings

Echo Street Capital Management's Q1 2020 Portfolio in Review

As of Q1 2020, Echo Street Capital Management held 232 positions worth $4.65B, down 28% from $6.49B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Echo Street Capital Management withdrew a net $685M in Q1 2020, closing 60 positions and reducing 61 holdings. Its most notable exit was Carnival Corporation Ltd, an estimated $89.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 27% a quarter earlier, followed by Financials and Real Estate.

Against the trend, Echo Street Capital Management opened a new position in Booking.com worth $33.3M.

• Echo Street Capital Management's largest Q1 2020 buy was Booking.com: 618,525 shares worth $33.3M.
• Echo Street Capital Management added most to VeriSign in Q1 2020, an estimated $76M increase.
• Echo Street Capital Management's biggest Q1 2020 reduction was MGM Growth Properties LLC Class A common shares representing limited liability company interests, cutting an estimated $62.1M.
• Echo Street Capital Management fully exited Carnival Corporation Ltd in Q1 2020, selling an estimated $89.3M.
• Echo Street Capital Management's ten largest holdings make up 20% of its $4.65B portfolio in Q1 2020.
• Echo Street Capital Management opened 38 new positions and closed 60 in Q1 2020.
• Echo Street Capital Management's portfolio value fell 28% quarter-over-quarter to $4.65B.

Based on Echo Street Capital Management's 13F filing for Q1 2020, filed 15 May 2020.