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ESCM
Echo Street Capital Management Portfolio holdings
AUM
$747M
1-Year Est. Return
24.25%
This Fund
S&P 500
This Quarter
Est. Return
-4.72%
1 Year Est. Return
+24.25%
3 Year Est. Return
+17.69%
5 Year Est. Return
+119.95%
10 Year Est. Return
+163.01%
AUM
$10.7B
AUM Growth
-$938M
(-8%)
Cap. Flow
-$367M
Cap. Flow
% of AUM
-3.42%
Top 10 Holdings %
Top 10 Hldgs %
37.45%
Holding
607
New
163
Increased
142
Reduced
139
Closed
157
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$186M |
| 2 |
Cadence Design Systems
CDNS
|
+$127M |
| 3 |
Microsoft
MSFT
|
+$122M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$118M |
| 5 |
Lennar Class A
LEN
|
+$98.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MRSH
Marsh
MRSH
|
+$152M |
| 2 |
AppFolio
APPF
|
+$137M |
| 3 |
S&P Global
SPGI
|
+$133M |
| 4 |
VeriSign
VRSN
|
+$108M |
| 5 |
Revvity
RVTY
|
+$106M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.05% |
| 2 | Financials | 17.01% |
| 3 | Healthcare | 12.37% |
| 4 | Real Estate | 9.61% |
| 5 | Industrials | 4.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Darling Ingredients
DAR
$9.84B
| $522K | ﹤0.01% |
9,999
+2,002
| +25% | +$125K |
|
252
Tapestry
TPR
$32.4B
| $519K | ﹤0.01% |
18,047
+5,440
| +43% | +$199K |
|
253
Lennox International
LII
$14.9B
| $519K | ﹤0.01% |
+1,385
| New | +$499K |
|
254
Illinois Tool Works
ITW
$83.5B
| $517K | ﹤0.01% |
2,246
-3,070
| -58% | -$749K |
|
255
MGM Resorts International
MGM
$11.1B
| $514K | ﹤0.01% |
13,995
+9,116
| +187% | +$403K |
|
256
AutoNation
AN
$6.89B
| $513K | ﹤0.01% |
3,390
-930
| -22% | -$148K |
|
257
Citigroup
C
$228B
| $512K | ﹤0.01% |
12,451
+934
| +8% | +$41K |
|
258
Ingersoll Rand
IR
$33B
| $510K | ﹤0.01% |
8,009
-4,875
| -38% | -$324K |
|
259
Cloudflare
NET
$109B
| $510K | ﹤0.01% |
8,084
-4,807
| -37% | -$308K |
|
260
Masco
MAS
$15B
| $509K | ﹤0.01% |
+9,531
| New | +$549K |
|
261
Nucor
NUE
$61.9B
| $508K | ﹤0.01% |
+3,251
| New | +$538K |
|
262
Synchrony
SYF
$25.5B
| $504K | ﹤0.01% |
+16,479
| New | +$548K |
|
|
AXON
263
Axon Enterprise
AXON
$51.7B
| $498K | ﹤0.01% |
2,501
-793
| -24% | -$156K |
|
264
Walmart Inc
WMT
$901B
| $491K | ﹤0.01% |
+9,213
| New | +$490K |
|
265
Amdocs
DOX
$6.1B
| $488K | ﹤0.01% |
+5,772
| New | +$521K |
|
266
Illumina
ILMN
$29.1B
| $487K | ﹤0.01% |
3,645
+228
| +7% | +$37.5K |
|
267
AGCO
AGCO
$7.1B
| $486K | ﹤0.01% |
4,111
-1,807
| -31% | -$230K |
|
268
Loews
L
$23.1B
| $483K | ﹤0.01% |
7,624
+608
| +9% | +$37.9K |
|
269
Aptiv
APTV
$10.3B
| $482K | ﹤0.01% |
4,889
+2,584
| +112% | +$267K |
|
270
A.O. Smith
AOS
$8.65B
| $481K | ﹤0.01% |
7,269
+2,967
| +69% | +$211K |
|
271
Intercontinental Exchange
ICE
$84.9B
| $479K | ﹤0.01% |
+4,357
| New | +$499K |
|
272
Zillow
Z
$7.68B
| $479K | ﹤0.01% |
10,376
-7,846
| -43% | -$403K |
|
273
Envista
NVST
$4.58B
| $478K | ﹤0.01% |
17,140
+7,135
| +71% | +$231K |
|
|
PXD
274
DELISTED
Pioneer Natural Resource Co.
PXD
| $477K | ﹤0.01% |
+2,079
| New | +$473K |
|
275
Archer Daniels Midland
ADM
$38.8B
| $476K | ﹤0.01% |
+6,312
| New | +$511K |
|
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Echo Street Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Echo Street Capital Management held 607 positions worth $10.7B, down 8% from $11.7B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Echo Street Capital Management withdrew a net $367M in Q3 2023, closing 157 positions and reducing 139 holdings. Its most notable exit was Revvity, an estimated $106M position sold in full.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 37% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Echo Street Capital Management opened a new position in American Tower worth $53.2M.
- Echo Street Capital Management's largest Q3 2023 buy was American Tower: 323,755 shares worth $53.2M.
- Echo Street Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $186M increase.
- Echo Street Capital Management's biggest Q3 2023 reduction was Marsh, cutting an estimated $152M.
- Echo Street Capital Management fully exited Revvity in Q3 2023, selling an estimated $106M.
- Echo Street Capital Management's ten largest holdings make up 37% of its $10.7B portfolio in Q3 2023.
- Echo Street Capital Management opened 163 new positions and closed 157 in Q3 2023.
- Echo Street Capital Management's portfolio value fell 8% quarter-over-quarter to $10.7B.
Based on Echo Street Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.