| Fund Name: | Echinus Advisors |
| Manager | Philip Uhde |
| Portfolio Value | $281,062,000 |
| Change This QTR | +1.02% |
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | TPX | 5,789,440 | $82,123,000 | +51% | 29.21% | ||
| 2. | MCO | 550,485 | $59,607,000 | 21.2% | |||
| 3. | IBKR | 4,559,060 | $40,200,000 | 14.3% | |||
| 4. | Amaya Inc | 2,158,200 | $34,966,000 | 12.44% | |||
| 5. | MSCI | 273,413 | $22,950,000 | -22% | 8.16% |