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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 | |
|---|---|---|---|---|---|---|
526
Lucid Motors
LCID
$2.56B
| – | – |
-2,006
| Closed | -$138K |
|
527
Alliant Energy
LNT
$18.1B
| – | – |
-5,650
| Closed | -$297K |
|
528
Lantheus
LNTH
$6.58B
| – | – |
-15,003
| Closed | -$1.26M |
|
529
LPL Financial
LPLA
$29.3B
| – | – |
-1,047
| Closed | -$228K |
|
530
lululemon athletica
LULU
$13.8B
| – | – |
-2,243
| Closed | -$849K |
|
531
Lumen
LUMN
$6.62B
| – | – |
-78,070
| Closed | -$176K |
|
532
LyondellBasell Industries
LYB
$20.4B
| – | – |
-7,134
| Closed | -$655K |
|
533
Lyft
LYFT
$6.33B
| – | – |
-19,908
| Closed | -$191K |
|
534
Medtronic
MDT
$114B
| – | – |
-3,411
| Closed | -$301K |
|
535
Medpace
MEDP
$16.7B
| – | – |
-11,966
| Closed | -$2.87M |
|
536
Morningstar
MORN
$7.25B
| – | – |
-3,862
| Closed | -$757K |
|
537
Marqeta
MQ
$1.61B
| – | – |
-694,814
| Closed | -$13.5M |
|
538
Merck
MRK
$326B
| – | – |
-3,121
| Closed | -$360K |
|
539
Morgan Stanley
MS
$346B
| – | – |
-5,439
| Closed | -$464K |
|
540
Nike
NKE
$60.3B
| – | – |
-3,995
| Closed | -$441K |
|
541
NRG Energy
NRG
$25.7B
| – | – |
-43,963
| Closed | -$1.64M |
|
542
Norfolk Southern
NSC
$74.8B
| – | – |
-1,953
| Closed | -$443K |
|
543
Intellia Therapeutics
NTLA
$1.69B
| – | – |
-5,546
| Closed | -$226K |
|
544
News Corp Class A
NWSA
$15.3B
| – | – |
-17,901
| Closed | -$349K |
|
545
Universal Display
OLED
$4.23B
| – | – |
-6,559
| Closed | -$945K |
|
546
Ollie's Bargain Outlet
OLLI
$4.6B
| – | – |
-4,318
| Closed | -$250K |
|
547
ON Semiconductor
ON
$32.6B
| – | – |
-2,572
| Closed | -$243K |
|
548
PENN Entertainment
PENN
$2.57B
| – | – |
-36,183
| Closed | -$869K |
|
549
Procter & Gamble
PG
$335B
| – | – |
-3,052
| Closed | -$463K |
|
550
Pinnacle West Capital
PNW
$12.2B
| – | – |
-7,394
| Closed | -$602K |
|
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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.