Echo Street Capital Management Portfolio holdings

Echo Street Capital Management's Q4 2015 Portfolio in Review

As of Q4 2015, Echo Street Capital Management held 219 positions worth $2.33B, down 14% from $2.71B the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Echo Street Capital Management withdrew a net $465M in Q4 2015, closing 32 positions and reducing 82 holdings. Its most notable exit was Ventas, an estimated $18M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 30% of assets, up from 30% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Echo Street Capital Management opened a new position in State Street SPDR S&P 500 ETF Trust worth $30.2M.

• Echo Street Capital Management's largest Q4 2015 buy was State Street SPDR S&P 500 ETF Trust: 147,924 shares worth $30.2M.
• Echo Street Capital Management added most to Gramercy Property Trust in Q4 2015, an estimated $41M increase.
• Echo Street Capital Management's biggest Q4 2015 reduction was Crown Castle, cutting an estimated $51.2M.
• Echo Street Capital Management fully exited Ventas in Q4 2015, selling an estimated $18M.
• Echo Street Capital Management's ten largest holdings make up 22% of its $2.33B portfolio in Q4 2015.
• Echo Street Capital Management opened 21 new positions and closed 32 in Q4 2015.
• Echo Street Capital Management's portfolio value fell 14% quarter-over-quarter to $2.33B.

Based on Echo Street Capital Management's 13F filing for Q4 2015, filed 12 Feb 2016.