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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
+4.16%
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
$2.7B
AUM Growth
-$275M
(-9.3%)
Cap. Flow
-$375M
Cap. Flow
% of AUM
-13.92%
Top 10 Holdings %
Top 10 Hldgs %
25.24%
Holding
178
New
19
Increased
63
Reduced
65
Closed
31
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MSC Industrial Direct
MSM
|
+$24.8M |
| 2 |
American Homes 4 Rent
AMH
|
+$24.4M |
| 3 |
Middleby
MIDD
|
+$22.4M |
| 4 |
Danaher
DHR
|
+$21.8M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$17.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$60.3M |
| 2 |
Vanguard Real Estate ETF
VNQ
|
+$48.7M |
| 3 |
STOR
STORE Capital Corporation
STOR
|
+$35.2M |
| 4 |
Sabre
SABR
|
+$32.2M |
| 5 |
AutoZone
AZO
|
+$23.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 21.87% |
| 2 | Industrials | 14.85% |
| 3 | Consumer Discretionary | 14.53% |
| 4 | Technology | 13.14% |
| 5 | Consumer Staples | 9.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SRCL
26
DELISTED
Stericycle Inc
SRCL
| $30.7M | 1.14% |
402,743
+76,001
| +23% | +$6.24M |
|
|
LSI
27
DELISTED
Life Storage, Inc.
LSI
| $30.7M | 1.14% |
621,347
+199,551
| +47% | +$10.4M |
|
|
SRC
28
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $30.5M | 1.13% |
917,496
-411,698
| -31% | -$15.4M |
|
29
Paychex
PAYX
$41.6B
| $29.9M | 1.11% |
524,955
+59,955
| +13% | +$3.52M |
|
30
CarMax
KMX
$8.13B
| $28.6M | 1.06% |
453,561
-10,887
| -2% | -$658K |
|
31
Visa
V
$684B
| $27.9M | 1.04% |
297,609
+98,291
| +49% | +$9.12M |
|
32
Pool Corp
POOL
$6.75B
| $27.9M | 1.03% |
236,981
+85,264
| +56% | +$10.2M |
|
33
Meritage Homes
MTH
$4.58B
| $27.7M | 1.03% |
1,311,532
+52,574
| +4% | +$1.04M |
|
34
Ametek
AME
$55.4B
| $27.4M | 1.01% |
451,547
-223,888
| -33% | -$13.2M |
|
35
Lowe's Companies
LOW
$117B
| $26.4M | 0.98% |
340,388
+75,404
| +28% | +$6.16M |
|
|
36
Danaher
DHR
$137B
| $26.3M | 0.97% |
351,210
+291,491
| +488% | +$21.8M |
|
37
Hormel Foods
HRL
$13.8B
| $26M | 0.96% |
762,691
+72,264
| +10% | +$2.49M |
|
38
SBA Communications
SBAC
$19.2B
| $25.8M | 0.96% |
190,929
-24,871
| -12% | -$3.23M |
|
39
Dentsply Sirona
XRAY
$2.68B
| $24.6M | 0.91% |
379,238
+171,875
| +83% | +$10.9M |
|
40
Factset
FDS
$9.36B
| $24.4M | 0.9% |
146,564
+27,155
| +23% | +$4.44M |
|
41
FedEx
FDX
$72.7B
| $24.3M | 0.9% |
111,644
-40,578
| -27% | -$8.01M |
|
|
42
MSC Industrial Direct
MSM
$6.89B
| $24.3M | 0.9% |
+282,127
| New | +$24.8M |
|
43
SS&C Technologies
SSNC
$18.1B
| $23.6M | 0.88% |
615,639
-167,791
| -21% | -$6.25M |
|
44
TripAdvisor
TRIP
$1.65B
| $22.6M | 0.84% |
591,491
-19,544
| -3% | -$808K |
|
45
S&P Global
SPGI
$121B
| $21.8M | 0.81% |
149,656
+9,545
| +7% | +$1.33M |
|
46
Paylocity
PCTY
$7.38B
| $19.9M | 0.74% |
440,102
-47,067
| -10% | -$2.05M |
|
47
Equifax
EFX
$20.3B
| $19.6M | 0.73% |
142,302
+13,063
| +10% | +$1.79M |
|
48
Extra Space Storage
EXR
$31.3B
| $18.6M | 0.69% |
238,807
-104,767
| -30% | -$8.03M |
|
|
EDR
49
DELISTED
Education Realty Trust Inc
EDR
| $18.3M | 0.68% |
472,166
+128,967
| +38% | +$5.05M |
|
50
Global Payments
GPN
$23B
| $18M | 0.67% |
198,963
-115,025
| -37% | -$9.95M |
|
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Echo Street Capital Management's Q2 2017 Portfolio in Review
As of Q2 2017, Echo Street Capital Management held 178 positions worth $2.7B, down 9.3% from $2.97B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Echo Street Capital Management withdrew a net $375M in Q2 2017, closing 31 positions and reducing 65 holdings. Its most notable exit was Vanguard Real Estate ETF, an estimated $48.7M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 22% of assets, down from 25% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Echo Street Capital Management opened a new position in MSC Industrial Direct worth $24.3M.
- Echo Street Capital Management's largest Q2 2017 buy was MSC Industrial Direct: 282,127 shares worth $24.3M.
- Echo Street Capital Management added most to American Homes 4 Rent in Q2 2017, an estimated $24.4M increase.
- Echo Street Capital Management's biggest Q2 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $60.3M.
- Echo Street Capital Management fully exited Vanguard Real Estate ETF in Q2 2017, selling an estimated $48.7M.
- Echo Street Capital Management's ten largest holdings make up 25% of its $2.7B portfolio in Q2 2017.
- Echo Street Capital Management opened 19 new positions and closed 31 in Q2 2017.
- Echo Street Capital Management's portfolio value fell 9.3% quarter-over-quarter to $2.7B.
Based on Echo Street Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.