Echo Street Capital Management Portfolio holdings

Echo Street Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Echo Street Capital Management held 205 positions worth $1.92B, down 17% from $2.33B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Echo Street Capital Management withdrew a net $464M in Q1 2016, closing 51 positions and reducing 67 holdings. Its most notable exit was PROGRESSIVE WASTE SOLUTIONS LTD COM, an estimated $38.2M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 28% of assets, down from 30% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Echo Street Capital Management opened a new position in FedEx worth $22.3M.

• Echo Street Capital Management's largest Q1 2016 buy was FedEx: 136,880 shares worth $22.3M.
• Echo Street Capital Management added most to Zoetis in Q1 2016, an estimated $46.9M increase.
• Echo Street Capital Management's biggest Q1 2016 reduction was Equinix, cutting an estimated $49.4M.
• Echo Street Capital Management fully exited PROGRESSIVE WASTE SOLUTIONS LTD COM in Q1 2016, selling an estimated $38.2M.
• Echo Street Capital Management's ten largest holdings make up 24% of its $1.92B portfolio in Q1 2016.
• Echo Street Capital Management opened 18 new positions and closed 51 in Q1 2016.
• Echo Street Capital Management's portfolio value fell 17% quarter-over-quarter to $1.92B.

Based on Echo Street Capital Management's 13F filing for Q1 2016, filed 16 May 2016.