Echo Street Capital Management Portfolio holdings

Echo Street Capital Management's Q4 2014 Portfolio in Review

As of Q4 2014, Echo Street Capital Management held 169 positions worth $1.62B, down 6.1% from $1.72B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Echo Street Capital Management withdrew a net $238M in Q4 2014, closing 45 positions and reducing 53 holdings. Its most notable exit was Crown Castle, an estimated $37.4M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Real Estate.

Against the trend, Echo Street Capital Management opened a new position in Hilton Worldwide worth $26.4M.

• Echo Street Capital Management's largest Q4 2014 buy was Hilton Worldwide: 336,986 shares worth $26.4M.
• Echo Street Capital Management added most to Equinix in Q4 2014, an estimated $21.2M increase.
• Echo Street Capital Management's biggest Q4 2014 reduction was AutoNation, cutting an estimated $30.2M.
• Echo Street Capital Management fully exited Crown Castle in Q4 2014, selling an estimated $37.4M.
• Echo Street Capital Management's ten largest holdings make up 25% of its $1.62B portfolio in Q4 2014.
• Echo Street Capital Management opened 26 new positions and closed 45 in Q4 2014.
• Echo Street Capital Management's portfolio value fell 6.1% quarter-over-quarter to $1.62B.

Based on Echo Street Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.