Echinus Advisors, LLC
CIK
1602970
Location
NEW YORK, NY
Portfolio Value
Small
$217,838,714
Diversification
Highly concentrated
Filing Date
Mar 31, 2020
Global Rank
#1,153
/ 5,300
Top Industry
Software - Application
34.4%
3Y Alpha vs SPY
+0.3%
Period ended 6 years ago
Filed May 15, 2020 · 6y
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+77.7%
SPY
+76.3%
Annualised alpha
+0.3%
Max drawdown
−31.0%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
6 positions · as of Mar 31, 2020Top Position
34.4%
of portfolio value
Top 5
97.8%
of portfolio value
Top 10
100.0%
of portfolio value
HHI
2,842
Highly concentrated
Sector Breakdown
As of Mar 31, 2020| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 35.4% | $224,280,867 |
| Technology | 34.4% | $217,838,714 |
| Communication Services | 22.8% | $144,610,533 |
| Financial Services | 4.1% | $26,026,383 |
| Industrials | 3.2% | $20,294,282 |
1 positions ·
$217,838,714 total
· Technology only
· as of Mar 31, 2020
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| GWRE |
Guidewire Software, Inc.
Technology
|
First | 2,746,674 | $217,838,714 | 100.00% |