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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 | |
|---|---|---|---|---|---|---|
501
EPAM Systems
EPAM
$5.15B
| – | – |
-2,256
| Closed | -$507K |
|
502
Elastic
ESTC
$7.94B
| – | – |
-8,336
| Closed | -$535K |
|
503
Entergy
ETR
$49.7B
| – | – |
-12,120
| Closed | -$590K |
|
504
Etsy
ETSY
$7.29B
| – | – |
-6,440
| Closed | -$545K |
|
505
Diamondback Energy
FANG
$56.5B
| – | – |
-1,992
| Closed | -$262K |
|
506
Fair Isaac
FICO
$22.4B
| – | – |
-323
| Closed | -$261K |
|
507
Fidelity National Information Services
FIS
$22.1B
| – | – |
-123,567
| Closed | -$6.76M |
|
508
Fidelity National Financial
FNF
$12.8B
| – | – |
-9,308
| Closed | -$335K |
|
509
Fortinet
FTNT
$119B
| – | – |
-13,391
| Closed | -$1.01M |
|
510
Graphic Packaging
GPK
$3.54B
| – | – |
-34,687
| Closed | -$834K |
|
511
Goldman Sachs
GS
$301B
| – | – |
-2,894
| Closed | -$933K |
|
512
Goodyear
GT
$1.75B
| – | – |
-38,133
| Closed | -$522K |
|
513
Guidewire Software
GWRE
$14.7B
| – | – |
-46,325
| Closed | -$3.52M |
|
514
Haemonetics
HAE
$3.97B
| – | – |
-3,819
| Closed | -$325K |
|
515
Humana
HUM
$44.8B
| – | – |
-2,695
| Closed | -$1.21M |
|
516
International Flavors & Fragrances
IFF
$21.7B
| – | – |
-5,078
| Closed | -$404K |
|
517
Gartner
IT
$11.8B
| – | – |
-2,651
| Closed | -$929K |
|
518
Jacobs Solutions
J
$17.3B
| – | – |
-3,852
| Closed | -$379K |
|
519
JetBlue
JBLU
$2.19B
| – | – |
-30,437
| Closed | -$270K |
|
520
Jack Henry & Associates
JKHY
$10.9B
| – | – |
-1,964
| Closed | -$329K |
|
521
KeyCorp
KEY
$24.3B
| – | – |
-13,151
| Closed | -$122K |
|
522
Keysight
KEYS
$58.7B
| – | – |
-1,990
| Closed | -$333K |
|
523
Kraft Heinz
KHC
$29.2B
| – | – |
-17,011
| Closed | -$604K |
|
524
KKR & Co
KKR
$99.6B
| – | – |
-3,987
| Closed | -$223K |
|
525
Liberty Broadband Class C
LBRDK
$5.32B
| – | – |
-17,726
| Closed | -$1.42M |
|
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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.