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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 | |
|---|---|---|---|---|---|---|
301
Micron Technology
MU
$981B
| $420K | ﹤0.01% |
6,169
-16,720
| -73% | -$1.12M |
|
302
VF Corp
VFC
$5.81B
| $420K | ﹤0.01% |
+23,746
| New | +$452K |
|
303
Lear
LEA
$8.12B
| $417K | ﹤0.01% |
+3,106
| New | +$449K |
|
304
Natera
NTRA
$45.1B
| $415K | ﹤0.01% |
+9,383
| New | +$479K |
|
305
QuidelOrtho
QDEL
$959M
| $413K | ﹤0.01% |
5,655
-4,131
| -42% | -$330K |
|
306
Consolidated Edison
ED
$39.8B
| $411K | ﹤0.01% |
4,807
-1,235
| -20% | -$112K |
|
307
EQT Corp
EQT
$34B
| $407K | ﹤0.01% |
+10,026
| New | +$415K |
|
308
Home Depot
HD
$353B
| $406K | ﹤0.01% |
1,345
-750
| -36% | -$241K |
|
309
Meta Platforms (Facebook)
META
$1.53T
| $406K | ﹤0.01% |
+1,352
| New | +$407K |
|
310
Ralph Lauren
RL
$23.7B
| $406K | ﹤0.01% |
+3,494
| New | +$423K |
|
311
Conagra Brands
CAG
$7.14B
| $400K | ﹤0.01% |
14,606
-2,055
| -12% | -$63.4K |
|
312
TE Connectivity
TEL
$63.3B
| $399K | ﹤0.01% |
3,232
+1,241
| +62% | +$166K |
|
313
Twilio
TWLO
$39.3B
| $397K | ﹤0.01% |
6,785
+1,025
| +18% | +$63.9K |
|
314
Vertiv
VRT
$108B
| $397K | ﹤0.01% |
+10,668
| New | +$352K |
|
315
Wells Fargo
WFC
$264B
| $395K | ﹤0.01% |
9,661
+4,561
| +89% | +$197K |
|
316
Cintas
CTAS
$82.1B
| $393K | ﹤0.01% |
3,272
+1,252
| +62% | +$156K |
|
317
Exelon
EXC
$46.2B
| $392K | ﹤0.01% |
10,361
-154
| -1% | -$6.28K |
|
318
Wabtec
WAB
$50.3B
| $390K | ﹤0.01% |
+3,667
| New | +$408K |
|
319
Reinsurance Group of America
RGA
$16B
| $390K | ﹤0.01% |
2,683
-4,548
| -63% | -$644K |
|
320
DaVita
DVA
$11.4B
| $389K | ﹤0.01% |
4,118
-3,792
| -48% | -$387K |
|
321
J.M. Smucker
SJM
$12.5B
| $389K | ﹤0.01% |
+3,162
| New | +$449K |
|
322
MP Materials
MP
$9.84B
| $384K | ﹤0.01% |
+20,109
| New | +$446K |
|
323
PBF Energy
PBF
$8.22B
| $381K | ﹤0.01% |
7,125
-2,597
| -27% | -$124K |
|
324
Okta
OKTA
$26.1B
| $380K | ﹤0.01% |
4,658
-17,699
| -79% | -$1.34M |
|
325
Dentsply Sirona
XRAY
$2.31B
| $379K | ﹤0.01% |
11,098
+2,968
| +37% | +$113K |
|
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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.