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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 | |
|---|---|---|---|---|---|---|
326
JPMorgan Chase
JPM
$962B
| $379K | ﹤0.01% |
+2,614
| New | +$392K |
|
327
Enphase Energy
ENPH
$5.59B
| $379K | ﹤0.01% |
3,154
+719
| +30% | +$102K |
|
328
Bank of America
BAC
$448B
| $377K | ﹤0.01% |
13,781
-2,710
| -16% | -$80.2K |
|
329
Tesla
TSLA
$1.31T
| $376K | ﹤0.01% |
1,503
+245
| +19% | +$62.9K |
|
330
RingCentral
RNG
$5.3B
| $375K | ﹤0.01% |
12,660
+327
| +3% | +$10.9K |
|
331
Eversource Energy
ES
$26.8B
| $374K | ﹤0.01% |
+6,437
| New | +$429K |
|
332
Quest Diagnostics
DGX
$26.2B
| $373K | ﹤0.01% |
3,057
+587
| +24% | +$78.2K |
|
333
Evergy
EVRG
$18.9B
| $369K | ﹤0.01% |
+7,269
| New | +$413K |
|
334
Neurocrine Biosciences
NBIX
$16.5B
| $368K | ﹤0.01% |
+3,268
| New | +$344K |
|
335
Royal Gold
RGLD
$19.8B
| $365K | ﹤0.01% |
3,434
-3,814
| -53% | -$434K |
|
336
Brighthouse Financial
BHF
$3.38B
| $365K | ﹤0.01% |
7,449
+2,883
| +63% | +$143K |
|
337
NetApp
NTAP
$38.9B
| $355K | ﹤0.01% |
+4,672
| New | +$361K |
|
338
Northrop Grumman
NOC
$81.8B
| $349K | ﹤0.01% |
793
+250
| +46% | +$110K |
|
339
Jones Lang LaSalle
JLL
$16.7B
| $349K | ﹤0.01% |
+2,472
| New | +$404K |
|
340
Carlisle Companies
CSL
$15.5B
| $349K | ﹤0.01% |
+1,346
| New | +$361K |
|
341
NOV
NOV
$7.49B
| $349K | ﹤0.01% |
16,695
+2,386
| +17% | +$47.4K |
|
342
Cable One
CABO
$192M
| $345K | ﹤0.01% |
561
-251
| -31% | -$165K |
|
343
Ulta Beauty
ULTA
$23.3B
| $342K | ﹤0.01% |
856
+264
| +45% | +$115K |
|
344
Church & Dwight Co
CHD
$24.4B
| $341K | ﹤0.01% |
+3,725
| New | +$357K |
|
345
MarketAxess Holdings
MKTX
$5.72B
| $339K | ﹤0.01% |
1,587
-2,898
| -65% | -$702K |
|
346
Costco
COST
$419B
| $336K | ﹤0.01% |
595
-230
| -28% | -$127K |
|
347
Atmos Energy
ATO
$28.6B
| $332K | ﹤0.01% |
+3,135
| New | +$366K |
|
348
West Pharmaceutical
WST
$24.7B
| $332K | ﹤0.01% |
885
-140
| -14% | -$54.1K |
|
349
Gilead Sciences
GILD
$168B
| $329K | ﹤0.01% |
+4,390
| New | +$338K |
|
350
Textron
TXT
$15.2B
| $329K | ﹤0.01% |
4,205
-306
| -7% | -$22.8K |
|
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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.