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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 | |
|---|---|---|---|---|---|---|
51
Everest Group
EG
$14.1B
| $58.8M | 0.55% |
158,216
+42,333
| +37% | +$15.4M |
|
52
American Tower
AMT
$79.7B
| $53.2M | 0.5% |
+323,755
| New | +$59.1M |
|
53
CMS Energy
CMS
$21.6B
| $52.9M | 0.49% |
996,192
+6,793
| +0.7% | +$393K |
|
54
Meritage Homes
MTH
$4.75B
| $52M | 0.48% |
849,530
-400,824
| -32% | -$27.5M |
|
55
Abbott
ABT
$190B
| $50.2M | 0.47% |
518,105
+490,137
| +1,752% | +$51.5M |
|
56
WEC Energy
WEC
$34.4B
| $47.2M | 0.44% |
585,430
-10,369
| -2% | -$901K |
|
57
AXIS Capital
AXS
$7.36B
| $38.2M | 0.36% |
678,074
| – | – |
|
58
Fox Class B
FOX
$23.6B
| $38.2M | 0.36% |
1,322,531
+5,903
| +0.4% | +$181K |
|
59
Canadian National Railway
CNI
$76.1B
| $37.7M | 0.35% |
347,765
+321,192
| +1,209% | +$36.9M |
|
60
Fastenal
FAST
$60.6B
| $35.9M | 0.33% |
1,312,678
-73,976
| -5% | -$2.1M |
|
61
Prologis
PLD
$132B
| $32.4M | 0.3% |
+288,835
| New | +$35.3M |
|
62
Zillow
ZG
$7.75B
| $31.9M | 0.3% |
712,489
| – | – |
|
63
HEICO Corp Class A
HEI.A
$37.5B
| $28.9M | 0.27% |
223,429
| – | – |
|
64
Fortive
FTV
$18.8B
| $26.8M | 0.25% |
479,080
-499,819
| -51% | -$28.7M |
|
65
Lamar Advertising Co
LAMR
$15.7B
| $24.6M | 0.23% |
294,334
+291,613
| +10,717% | +$26.8M |
|
66
iShares Russell 1000 Growth ETF
IWF
$128B
| $22.5M | 0.21% |
338,616
-143,352
| -30% | -$9.9M |
|
67
Equity Residential
EQR
$24.6B
| $14.8M | 0.14% |
252,547
-1,139,994
| -82% | -$73.7M |
|
68
Old Dominion Freight Line
ODFL
$43.7B
| $12M | 0.11% |
58,600
-560
| -0.9% | -$113K |
|
69
McDonald's
MCD
$192B
| $6.44M | 0.06% |
24,455
+19,116
| +358% | +$5.45M |
|
70
Doximity
DOCS
$4.76B
| $5.76M | 0.05% |
271,509
-45,562
| -14% | -$1.24M |
|
71
Otis Worldwide
OTIS
$27.8B
| $5.07M | 0.05% |
63,178
+35,023
| +124% | +$3M |
|
72
PPG Industries
PPG
$25.9B
| $4.94M | 0.05% |
38,055
+35,349
| +1,306% | +$4.96M |
|
73
Cooper Companies
COO
$15B
| $4.9M | 0.05% |
61,576
+58,752
| +2,080% | +$5.41M |
|
74
American Water Works
AWK
$26.5B
| $4.83M | 0.05% |
39,032
+12,904
| +49% | +$1.81M |
|
75
Salesforce
CRM
$163B
| $4.26M | 0.04% |
20,985
+14,838
| +241% | +$3.21M |
|
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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.