Echo Street Capital Management Portfolio holdings

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.