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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 | |
|---|---|---|---|---|---|---|
426
Truist Financial
TFC
$64.1B
| $211K | ﹤0.01% |
+7,385
| New | +$227K |
|
|
BNY
427
Bank of New York Mellon
BNY
$110B
| $211K | ﹤0.01% |
+4,947
| New | +$220K |
|
428
Uber
UBER
$159B
| $210K | ﹤0.01% |
+4,577
| New | +$209K |
|
429
Academy Sports + Outdoors
ASO
$3.03B
| $210K | ﹤0.01% |
4,451
-7,094
| -61% | -$380K |
|
430
IPG Photonics
IPGP
$3.77B
| $209K | ﹤0.01% |
+2,063
| New | +$233K |
|
431
Accenture
ACN
$108B
| $208K | ﹤0.01% |
678
-5
| -0.7% | -$1.57K |
|
432
Alaska Air
ALK
$5.45B
| $208K | ﹤0.01% |
+5,613
| New | +$254K |
|
|
GTM
433
ZoomInfo Technologies
GTM
$1.15B
| $208K | ﹤0.01% |
+12,666
| New | +$259K |
|
434
Advanced Micro Devices
AMD
$789B
| $206K | ﹤0.01% |
2,005
-1,883
| -48% | -$204K |
|
435
Franklin Resources
BEN
$17.1B
| $206K | ﹤0.01% |
+8,378
| New | +$227K |
|
436
Icon
ICLR
$12.7B
| $206K | ﹤0.01% |
+835
| New | +$210K |
|
437
Datadog
DDOG
$88.6B
| $203K | ﹤0.01% |
2,227
-70
| -3% | -$6.92K |
|
438
Knight Transportation
KNX
$11.2B
| $203K | ﹤0.01% |
4,044
-9,111
| -69% | -$505K |
|
439
Teradyne
TER
$62.1B
| $202K | ﹤0.01% |
+2,009
| New | +$212K |
|
440
Norwegian Cruise Line
NCLH
$8.69B
| $195K | ﹤0.01% |
+11,823
| New | +$218K |
|
441
AGNC Investment
AGNC
$13B
| $185K | ﹤0.01% |
+19,649
| New | +$194K |
|
442
Sunrun
RUN
$2.49B
| $168K | ﹤0.01% |
+13,337
| New | +$219K |
|
443
Ford
F
$55.6B
| $164K | ﹤0.01% |
13,213
-11,932
| -47% | -$155K |
|
444
Elanco Animal Health
ELAN
$11.2B
| $153K | ﹤0.01% |
+13,588
| New | +$158K |
|
445
Huntington Bancshares
HBAN
$35.9B
| $148K | ﹤0.01% |
+14,241
| New | +$160K |
|
446
Snap
SNAP
$9.22B
| $127K | ﹤0.01% |
+14,267
| New | +$149K |
|
|
SWN
447
DELISTED
Southwestern Energy Company
SWN
| $109K | ﹤0.01% |
+16,873
| New | +$108K |
|
448
Amcor
AMCR
$21.9B
| $99.1K | ﹤0.01% |
2,164
-5,527
| -72% | -$266K |
|
449
American Airlines Group
AAL
$10.2B
| – | – |
-28,958
| Closed | -$520K |
|
450
Advance Auto Parts
AAP
$3.19B
| – | – |
-4,823
| Closed | -$339K |
|
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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.