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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
+2.42%
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
$1.92B
AUM Growth
-$407M
(-17%)
Cap. Flow
-$464M
Cap. Flow
% of AUM
-24.12%
Top 10 Holdings %
Top 10 Hldgs %
24.44%
Holding
205
New
18
Increased
69
Reduced
67
Closed
51
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zoetis
ZTS
|
+$46.9M |
| 2 |
American Tower
AMT
|
+$41.6M |
| 3 |
Crown Castle
CCI
|
+$37.1M |
| 4 |
Pediatrix Medical
MD
|
+$25.4M |
| 5 |
FedEx
FDX
|
+$19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Equinix
EQIX
|
+$49.4M |
| 2 |
SBA Communications
SBAC
|
+$47.5M |
| 3 |
SRCL
Stericycle Inc
SRCL
|
+$41.4M |
| 4 |
BIN
PROGRESSIVE WASTE SOLUTIONS LTD COM
BIN
|
+$38.2M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$30.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 27.74% |
| 2 | Consumer Discretionary | 17.3% |
| 3 | Healthcare | 14.5% |
| 4 | Industrials | 12.8% |
| 5 | Financials | 7.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Welltower
WELL
$168B
| $13.9M | 0.72% |
200,534
+108,632
| +118% | +$7M |
|
52
National Health Investors
NHI
$3.4B
| $13.5M | 0.7% |
202,541
+93,163
| +85% | +$5.75M |
|
53
Flowers Foods
FLO
$1.3B
| $13.3M | 0.69% |
+718,794
| New | +$13.6M |
|
54
Air Products & Chemicals
APD
$64.7B
| $13.2M | 0.69% |
99,329
-28,389
| -22% | -$3.43M |
|
55
Waters Corp
WAT
$41B
| $13.1M | 0.68% |
99,285
+34,054
| +52% | +$4.25M |
|
|
AVB
56
DELISTED
AvalonBay Communities
AVB
| $12.4M | 0.65% |
65,279
+22,997
| +54% | +$4.06M |
|
57
Canadian Pacific Kansas City
CP
$78.3B
| $12.3M | 0.64% |
464,470
-68,505
| -13% | -$1.67M |
|
58
Crown Holdings
CCK
$12.2B
| $12.2M | 0.64% |
246,936
+8,547
| +4% | +$401K |
|
|
EQY
59
DELISTED
Equity One
EQY
| $12.2M | 0.63% |
424,363
-221,121
| -34% | -$6.07M |
|
|
CAA
60
DELISTED
CalAtlantic Group, Inc.
CAA
| $12.2M | 0.63% |
363,837
+185,372
| +104% | +$5.8M |
|
|
LSI
61
DELISTED
Life Storage, Inc.
LSI
| $11.5M | 0.6% |
146,195
+41,345
| +39% | +$3.01M |
|
62
Brixmor Property Group
BRX
$8.7B
| $11.4M | 0.59% |
+445,684
| New | +$11M |
|
|
OPLN
63
Openlane
OPLN
$4.26B
| $10.8M | 0.56% |
748,386
+220,182
| +42% | +$2.92M |
|
|
COR
64
DELISTED
Coresite Realty Corporation
COR
| $10.6M | 0.55% |
150,741
-93,788
| -38% | -$5.88M |
|
65
Align Technology
ALGN
$10.4B
| $10.5M | 0.55% |
144,918
+23,681
| +20% | +$1.55M |
|
66
Federal Realty Investment Trust
FRT
$9.9B
| $10.4M | 0.54% |
+66,882
| New | +$10M |
|
67
RLJ Lodging Trust
RLJ
$1.67B
| $10.2M | 0.53% |
446,349
+104,278
| +30% | +$2.1M |
|
|
GRA
68
DELISTED
W.R. Grace & Co.
GRA
| $10.2M | 0.53% |
143,279
-105,884
| -42% | -$8.09M |
|
69
H.B. Fuller
FUL
$2.74B
| $9.84M | 0.51% |
231,891
-288,952
| -55% | -$10.8M |
|
70
Jones Lang LaSalle
JLL
$15.7B
| $9.64M | 0.5% |
82,176
-3,426
| -4% | -$415K |
|
|
TYC
71
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $9.47M | 0.49% |
246,463
-59,348
| -19% | -$2.12M |
|
|
RPAI
72
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $9.45M | 0.49% |
596,264
+20,094
| +3% | +$303K |
|
|
TCO
73
DELISTED
Taubman Centers Inc.
TCO
| $9.38M | 0.49% |
+131,720
| New | +$9.34M |
|
|
SRCL
74
DELISTED
Stericycle Inc
SRCL
| $9.24M | 0.48% |
73,238
-355,040
| -83% | -$41.4M |
|
75
Meritage Homes
MTH
$4.29B
| $9.09M | 0.47% |
498,400
-328,480
| -40% | -$5.23M |
|
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Echo Street Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Echo Street Capital Management held 205 positions worth $1.92B, down 17% from $2.33B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Echo Street Capital Management withdrew a net $464M in Q1 2016, closing 51 positions and reducing 67 holdings. Its most notable exit was PROGRESSIVE WASTE SOLUTIONS LTD COM, an estimated $38.2M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 28% of assets, down from 30% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Echo Street Capital Management opened a new position in FedEx worth $22.3M.
- Echo Street Capital Management's largest Q1 2016 buy was FedEx: 136,880 shares worth $22.3M.
- Echo Street Capital Management added most to Zoetis in Q1 2016, an estimated $46.9M increase.
- Echo Street Capital Management's biggest Q1 2016 reduction was Equinix, cutting an estimated $49.4M.
- Echo Street Capital Management fully exited PROGRESSIVE WASTE SOLUTIONS LTD COM in Q1 2016, selling an estimated $38.2M.
- Echo Street Capital Management's ten largest holdings make up 24% of its $1.92B portfolio in Q1 2016.
- Echo Street Capital Management opened 18 new positions and closed 51 in Q1 2016.
- Echo Street Capital Management's portfolio value fell 17% quarter-over-quarter to $1.92B.
Based on Echo Street Capital Management's 13F filing for Q1 2016, filed 16 May 2016.