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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 | |
|---|---|---|---|---|---|---|
451
AbbVie
ABBV
$442B
| – | – |
-8,732
| Closed | -$1.18M |
|
452
Arch Capital
ACGL
$33.5B
| – | – |
-5,567
| Closed | -$417K |
|
453
American Electric Power
AEP
$67.3B
| – | – |
-5,259
| Closed | -$443K |
|
454
Allstate
ALL
$66.3B
| – | – |
-3,242
| Closed | -$354K |
|
455
Ally Financial
ALLY
$13.4B
| – | – |
-14,514
| Closed | -$392K |
|
456
Arista Networks
ANET
$250B
| – | – |
-19,576
| Closed | -$793K |
|
|
APLS
457
DELISTED
Apellis Pharmaceuticals
APLS
| – | – |
-3,754
| Closed | -$342K |
|
458
Ares Capital
ARCC
$14.3B
| – | – |
-11,368
| Closed | -$214K |
|
459
Aramark
ARMK
$15.9B
| – | – |
-24,117
| Closed | -$750K |
|
460
Avery Dennison
AVY
$13.6B
| – | – |
-8,904
| Closed | -$1.53M |
|
461
Acuity Brands
AYI
$10.7B
| – | – |
-1,864
| Closed | -$304K |
|
462
Bunge Global
BG
$21.4B
| – | – |
-3,493
| Closed | -$330K |
|
|
CMRC
463
Commerce.com Inc Series 1
CMRC
$186M
| – | – |
-112,765
| Closed | -$1.12M |
|
464
Biogen
BIIB
$30.1B
| – | – |
-1,887
| Closed | -$538K |
|
465
BJs Wholesale Club
BJ
$12B
| – | – |
-3,978
| Closed | -$251K |
|
466
Builders FirstSource
BLDR
$8.08B
| – | – |
-3,777
| Closed | -$514K |
|
467
BioMarin Pharmaceuticals
BMRN
$13.5B
| – | – |
-6,612
| Closed | -$573K |
|
468
Broadridge
BR
$19.5B
| – | – |
-3,255
| Closed | -$539K |
|
469
Boston Scientific
BSX
$74.2B
| – | – |
-4,900
| Closed | -$265K |
|
470
BorgWarner
BWA
$14.2B
| – | – |
-12,777
| Closed | -$550K |
|
471
Blackstone
BX
$110B
| – | – |
-4,624
| Closed | -$430K |
|
472
Boyd Gaming
BYD
$5.98B
| – | – |
-9,355
| Closed | -$649K |
|
473
Carrier Global
CARR
$52.4B
| – | – |
-23,217
| Closed | -$1.15M |
|
474
Chubb
CB
$134B
| – | – |
-2,636
| Closed | -$508K |
|
475
Cboe Global Markets
CBOE
$29.5B
| – | – |
-21,348
| Closed | -$2.95M |
|
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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.