Echo Street Capital Management Portfolio holdings

Echo Street Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Echo Street Capital Management held 196 positions worth $5.1B, up 29% from $3.96B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Echo Street Capital Management deployed $332M of net new capital in Q1 2019, opening 27 new positions and adding to 87 existing holdings. Its largest new stake was Booking.com: 581,825 shares worth $40.6M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 22% a quarter earlier, followed by Real Estate and Consumer Discretionary.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $81.9M trimmed.

• Echo Street Capital Management's largest Q1 2019 buy was Booking.com: 581,825 shares worth $40.6M.
• Echo Street Capital Management added most to WEX in Q1 2019, an estimated $67.4M increase.
• Echo Street Capital Management's biggest Q1 2019 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $81.9M.
• Echo Street Capital Management fully exited Waste Management in Q1 2019, selling an estimated $29.5M.
• Echo Street Capital Management's ten largest holdings make up 21% of its $5.1B portfolio in Q1 2019.
• Echo Street Capital Management opened 27 new positions and closed 25 in Q1 2019.
• Echo Street Capital Management's portfolio value rose 29% quarter-over-quarter to $5.1B.

Based on Echo Street Capital Management's 13F filing for Q1 2019, filed 14 May 2019.