Echo Street Capital Management Portfolio holdings

Echo Street Capital Management's Q1 2021 Portfolio in Review

As of Q1 2021, Echo Street Capital Management held 648 positions worth $11.2B, up 12% from $9.99B the previous quarter. Its ten largest holdings account for 20% of the portfolio.

Echo Street Capital Management deployed $1.27B of net new capital in Q1 2021, opening 290 new positions and adding to 117 existing holdings. Its largest new stake was ENVESTNET, INC.: 1,679,578 shares worth $121M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, down from 31% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $486M trimmed.

• Echo Street Capital Management's largest Q1 2021 buy was ENVESTNET, INC.: 1,679,578 shares worth $121M.
• Echo Street Capital Management added most to Microsoft in Q1 2021, an estimated $118M increase.
• Echo Street Capital Management's biggest Q1 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $486M.
• Echo Street Capital Management fully exited Equinix in Q1 2021, selling an estimated $46.6M.
• Echo Street Capital Management's ten largest holdings make up 20% of its $11.2B portfolio in Q1 2021.
• Echo Street Capital Management opened 290 new positions and closed 146 in Q1 2021.
• Echo Street Capital Management's portfolio value rose 12% quarter-over-quarter to $11.2B.

Based on Echo Street Capital Management's 13F filing for Q1 2021, filed 17 May 2021.