Echo Street Capital Management Portfolio holdings

Echo Street Capital Management's Q4 2019 Portfolio in Review

As of Q4 2019, Echo Street Capital Management held 224 positions worth $6.49B, up 10% from $5.9B the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Echo Street Capital Management deployed $260M of net new capital in Q4 2019, opening 42 new positions and adding to 79 existing holdings. Its largest new stake was Air Products & Chemicals: 169,002 shares worth $39.7M.

By sector, the portfolio is most concentrated in Technology at 28% of assets, down from 28% a quarter earlier, followed by Real Estate and Consumer Discretionary.

On the sell side, the largest reduction was Interxion Holding N.V., an estimated $71.6M trimmed.

• Echo Street Capital Management's largest Q4 2019 buy was Air Products & Chemicals: 169,002 shares worth $39.7M.
• Echo Street Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2019, an estimated $137M increase.
• Echo Street Capital Management's biggest Q4 2019 reduction was Interxion Holding N.V., cutting an estimated $71.6M.
• Echo Street Capital Management fully exited Charles Schwab in Q4 2019, selling an estimated $79M.
• Echo Street Capital Management's ten largest holdings make up 18% of its $6.49B portfolio in Q4 2019.
• Echo Street Capital Management opened 42 new positions and closed 30 in Q4 2019.
• Echo Street Capital Management's portfolio value rose 10% quarter-over-quarter to $6.49B.

Based on Echo Street Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.