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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 | |
|---|---|---|---|---|---|---|
|
TMHC
576
DELISTED
Taylor Morrison
TMHC
| – | – |
-7,171
| Closed | -$350K |
|
577
Toll Brothers
TOL
$14.3B
| – | – |
-12,597
| Closed | -$996K |
|
578
Texas Pacific Land
TPL
$25.2B
| – | – |
-4,068
| Closed | -$595K |
|
579
TripAdvisor
TRIP
$1.28B
| – | – |
-29,595
| Closed | -$488K |
|
580
Toro Company
TTC
$9.41B
| – | – |
-7,595
| Closed | -$772K |
|
581
10x Genomics
TXG
$7.62B
| – | – |
-8,429
| Closed | -$471K |
|
582
Texas Instruments
TXN
$257B
| – | – |
-1,767
| Closed | -$318K |
|
583
Valero Energy
VLO
$93.3B
| – | – |
-4,819
| Closed | -$565K |
|
584
Verisk Analytics
VRSK
$23.6B
| – | – |
-1,024
| Closed | -$231K |
|
585
Vistra
VST
$48.6B
| – | – |
-13,670
| Closed | -$359K |
|
586
Waters Corp
WAT
$40.7B
| – | – |
-4,584
| Closed | -$1.22M |
|
587
Warner Bros
WBD
$67.9B
| – | – |
-35,869
| Closed | -$450K |
|
588
Western Digital
WDC
$151B
| – | – |
-10,022
| Closed | -$287K |
|
589
Wendy's
WEN
$1.44B
| – | – |
-21,388
| Closed | -$465K |
|
590
WEX
WEX
$6.44B
| – | – |
-6,356
| Closed | -$1.16M |
|
591
Wingstop
WING
$3.03B
| – | – |
-5,044
| Closed | -$1.01M |
|
592
Watsco Inc
WSO
$13.2B
| – | – |
-627
| Closed | -$239K |
|
593
Essential Utilities
WTRG
$11.4B
| – | – |
-11,533
| Closed | -$460K |
|
|
X
594
DELISTED
US Steel
X
| – | – |
-53,808
| Closed | -$1.35M |
|
595
Xerox
XRX
$423M
| – | – |
-20,248
| Closed | -$301K |
|
596
Yeti Holdings
YETI
$3.85B
| – | – |
-14,414
| Closed | -$560K |
|
597
Yum China
YUMC
$16.3B
| – | – |
-13,643
| Closed | -$771K |
|
598
Zscaler
ZS
$28.9B
| – | – |
-1,476
| Closed | -$216K |
|
599
Zoetis
ZTS
$31.1B
| – | – |
-4,441
| Closed | -$765K |
|
|
FLG
600
Flagstar Bank National Association
FLG
$5.89B
| – | – |
-3,874
| Closed | -$131K |
|
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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.