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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 | |
|---|---|---|---|---|---|---|
26
NVIDIA
NVDA
$5.27T
| $154M | 1.44% |
3,550,530
-722,230
| -17% | -$32.4M |
|
|
ANSS
27
DELISTED
Ansys
ANSS
| $153M | 1.42% |
512,775
+29,811
| +6% | +$9.44M |
|
28
Descartes Systems
DSGX
$6.86B
| $136M | 1.26% |
1,849,891
+269,368
| +17% | +$20.3M |
|
29
Factset
FDS
$10.1B
| $134M | 1.25% |
306,808
-90,571
| -23% | -$38.6M |
|
30
Procore
PCOR
$8.84B
| $131M | 1.22% |
2,008,024
-107,837
| -5% | -$7.21M |
|
|
31
Cadence Design Systems
CDNS
$91.4B
| $129M | 1.2% |
550,812
+542,682
| +6,675% | +$127M |
|
32
Veeva Systems
VEEV
$38.1B
| $119M | 1.11% |
584,395
-229,208
| -28% | -$46.2M |
|
33
Markel Group
MKL
$22.8B
| $117M | 1.09% |
79,467
-2,476
| -3% | -$3.62M |
|
|
XYZ
34
Block Inc
XYZ
$47.5B
| $116M | 1.08% |
2,623,255
+804,091
| +44% | +$49.8M |
|
35
Pool Corp
POOL
$7.27B
| $114M | 1.06% |
320,099
-98,440
| -24% | -$35.8M |
|
36
Mettler-Toledo International
MTD
$28.6B
| $113M | 1.05% |
101,839
-13,231
| -11% | -$16.2M |
|
37
Idexx Laboratories
IDXX
$46.9B
| $111M | 1.04% |
254,556
-68,316
| -21% | -$34.1M |
|
38
CME Group
CME
$94.8B
| $110M | 1.03% |
550,953
-35,651
| -6% | -$7.09M |
|
39
Thermo Fisher Scientific
TMO
$222B
| $110M | 1.03% |
217,492
-1,129
| -0.5% | -$602K |
|
40
Sun Communities
SUI
$14.4B
| $108M | 1.01% |
915,942
-31,242
| -3% | -$3.97M |
|
41
ASML
ASML
$666B
| $107M | 1% |
182,038
+4,117
| +2% | +$2.73M |
|
42
Arthur J. Gallagher & Co
AJG
$64.7B
| $106M | 0.99% |
466,211
-219,483
| -32% | -$49.1M |
|
|
43
Lennar Class A
LEN
$20.6B
| $92.1M | 0.86% |
847,779
+836,952
| +7,730% | +$98.2M |
|
44
Canadian Pacific Kansas City
CP
$79.6B
| $90.3M | 0.84% |
1,214,920
-41,430
| -3% | -$3.29M |
|
45
American Homes 4 Rent
AMH
$12.3B
| $89.9M | 0.84% |
2,668,682
-653,983
| -20% | -$23.5M |
|
46
Invitation Homes
INVH
$17.8B
| $82.7M | 0.77% |
2,608,942
-88,593
| -3% | -$3.04M |
|
47
Choice Hotels
CHH
$4.62B
| $80.2M | 0.75% |
654,800
-32,354
| -5% | -$4.07M |
|
48
Global Payments
GPN
$22.8B
| $73.5M | 0.68% |
637,328
-88,747
| -12% | -$10.6M |
|
49
Insulet
PODD
$9.91B
| $72.7M | 0.68% |
456,023
+14,444
| +3% | +$3.23M |
|
50
IDEX
IEX
$17.2B
| $61.9M | 0.58% |
297,775
-147,122
| -33% | -$31.9M |
|
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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.