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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 | |
|---|---|---|---|---|---|---|
351
Nexstar Media Group
NXST
$5.63B
| $327K | ﹤0.01% |
+2,284
| New | +$371K |
|
|
CMA
352
DELISTED
Comerica
CMA
| $323K | ﹤0.01% |
+7,780
| New | +$369K |
|
353
First Solar
FSLR
$25.3B
| $323K | ﹤0.01% |
1,997
-842
| -30% | -$157K |
|
354
HF Sinclair
DINO
$15.4B
| $320K | ﹤0.01% |
+5,621
| New | +$305K |
|
355
Grand Canyon Education
LOPE
$3.73B
| $316K | ﹤0.01% |
2,705
-2,695
| -50% | -$299K |
|
356
Thor Industries
THO
$4.18B
| $316K | ﹤0.01% |
+3,323
| New | +$347K |
|
357
Middleby
MIDD
$5.3B
| $315K | ﹤0.01% |
2,464
-1,772
| -42% | -$252K |
|
358
Charles River Laboratories
CRL
$13.5B
| $314K | ﹤0.01% |
+1,603
| New | +$329K |
|
359
HEICO Corp
HEI
$51.4B
| $313K | ﹤0.01% |
+1,936
| New | +$329K |
|
360
Regions Financial
RF
$26.9B
| $313K | ﹤0.01% |
+18,220
| New | +$345K |
|
361
Target
TGT
$69.1B
| $312K | ﹤0.01% |
2,826
-2,354
| -45% | -$299K |
|
362
W.R. Berkley
WRB
$26B
| $312K | ﹤0.01% |
7,377
+1,383
| +23% | +$57.3K |
|
363
East-West Bancorp
EWBC
$18.3B
| $311K | ﹤0.01% |
5,909
+1,563
| +36% | +$87.9K |
|
364
Mohawk Industries
MHK
$9.17B
| $310K | ﹤0.01% |
3,610
-1,345
| -27% | -$135K |
|
365
Axalta
AXTA
$8.04B
| $309K | ﹤0.01% |
11,500
-23,581
| -67% | -$692K |
|
366
Bio-Rad Laboratories Class A
BIO
$9.45B
| $309K | ﹤0.01% |
+862
| New | +$333K |
|
367
Molina Healthcare
MOH
$10.3B
| $307K | ﹤0.01% |
+936
| New | +$295K |
|
368
State Street
STT
$51.8B
| $304K | ﹤0.01% |
4,542
-967
| -18% | -$68.2K |
|
369
International Paper
IP
$21.9B
| $304K | ﹤0.01% |
+8,565
| New | +$291K |
|
370
Booz Allen Hamilton
BAH
$9.41B
| $303K | ﹤0.01% |
+2,770
| New | +$318K |
|
371
Bath & Body Works
BBWI
$3.75B
| $300K | ﹤0.01% |
8,862
-845
| -9% | -$30.7K |
|
372
Wyndham Hotels & Resorts
WH
$5.47B
| $297K | ﹤0.01% |
4,264
-27,399
| -87% | -$2.03M |
|
373
Alcoa
AA
$14.1B
| $295K | ﹤0.01% |
+10,138
| New | +$318K |
|
|
SNV
374
DELISTED
Synovus
SNV
| $291K | ﹤0.01% |
+10,464
| New | +$327K |
|
375
Corning
GLW
$143B
| $290K | ﹤0.01% |
+9,530
| New | +$312K |
|
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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.