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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
+4.16%
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
$2.7B
AUM Growth
-$275M
(-9.3%)
Cap. Flow
-$375M
Cap. Flow
% of AUM
-13.92%
Top 10 Holdings %
Top 10 Hldgs %
25.24%
Holding
178
New
19
Increased
63
Reduced
65
Closed
31
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MSC Industrial Direct
MSM
|
+$24.8M |
| 2 |
American Homes 4 Rent
AMH
|
+$24.4M |
| 3 |
Middleby
MIDD
|
+$22.4M |
| 4 |
Danaher
DHR
|
+$21.8M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$17.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$60.3M |
| 2 |
Vanguard Real Estate ETF
VNQ
|
+$48.7M |
| 3 |
STOR
STORE Capital Corporation
STOR
|
+$35.2M |
| 4 |
Sabre
SABR
|
+$32.2M |
| 5 |
AutoZone
AZO
|
+$23.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 21.87% |
| 2 | Industrials | 14.85% |
| 3 | Consumer Discretionary | 14.53% |
| 4 | Technology | 13.14% |
| 5 | Consumer Staples | 9.42% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Brown & Brown
BRO
$23.9B
| – | – |
-279,880
| Closed | -$5.84M |
|
152
CoreCivic
CXW
$2.99B
| – | – |
-199,037
| Closed | -$6.25M |
|
153
Everest Group
EG
$14.1B
| – | – |
-46,193
| Closed | -$10.8M |
|
154
Fastenal
FAST
$55.6B
| – | – |
-1,474,156
| Closed | -$19M |
|
155
Federal Realty Investment Trust
FRT
$10.6B
| – | – |
-38,979
| Closed | -$5.2M |
|
156
Genpact
G
$5.91B
| – | – |
-202,996
| Closed | -$5.03M |
|
157
General Mills
GIS
$19.1B
| – | – |
-117,494
| Closed | -$6.93M |
|
158
Heartland Express
HTLD
$979M
| – | – |
-658,475
| Closed | -$13.2M |
|
159
Invesco
IVZ
$14B
| – | – |
-181,283
| Closed | -$5.55M |
|
160
Kimco Realty
KIM
$17B
| – | – |
-183,915
| Closed | -$4.06M |
|
161
Pebblebrook Hotel Trust
PEB
$2.18B
| – | – |
-116,998
| Closed | -$3.42M |
|
|
162
Sabre
SABR
$822M
| – | – |
-1,519,681
| Closed | -$32.2M |
|
163
SITE Centers
SITC
$162M
| – | – |
-266,452
| Closed | -$4.3M |
|
164
Simon Property Group
SPG
$72.9B
| – | – |
-96,354
| Closed | -$16.6M |
|
|
SVC
165
Service Properties Trust
SVC
$1.02B
| – | – |
-25,658
| Closed | -$4.04M |
|
166
Union Pacific
UNP
$175B
| – | – |
-55,159
| Closed | -$5.84M |
|
167
US Foods
USFD
$21.8B
| – | – |
-222,346
| Closed | -$6.22M |
|
|
168
Vanguard Real Estate ETF
VNQ
$39B
| – | – |
-589,393
| Closed | -$48.7M |
|
169
Ventas
VTR
$45.8B
| – | – |
-78,663
| Closed | -$5.12M |
|
170
W.P. Carey
WPC
$16.5B
| – | – |
-5,672
| Closed | -$346K |
|
|
RPAI
171
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| – | – |
-854,602
| Closed | -$12.3M |
|
|
VER
172
DELISTED
VEREIT, Inc.
VER
| – | – |
-182,413
| Closed | -$7.74M |
|
|
GPT
173
DELISTED
Gramercy Property Trust
GPT
| – | – |
-223,427
| Closed | -$5.88M |
|
|
LQ
174
DELISTED
La Quinta Holdings Inc.
LQ
| – | – |
-395,889
| Closed | -$5.35M |
|
|
ABCO
175
DELISTED
Advisory Board Co
ABCO
| – | – |
-7,429
| Closed | -$348K |
|
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Echo Street Capital Management's Q2 2017 Portfolio in Review
As of Q2 2017, Echo Street Capital Management held 178 positions worth $2.7B, down 9.3% from $2.97B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Echo Street Capital Management withdrew a net $375M in Q2 2017, closing 31 positions and reducing 65 holdings. Its most notable exit was Vanguard Real Estate ETF, an estimated $48.7M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 22% of assets, down from 25% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Echo Street Capital Management opened a new position in MSC Industrial Direct worth $24.3M.
- Echo Street Capital Management's largest Q2 2017 buy was MSC Industrial Direct: 282,127 shares worth $24.3M.
- Echo Street Capital Management added most to American Homes 4 Rent in Q2 2017, an estimated $24.4M increase.
- Echo Street Capital Management's biggest Q2 2017 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $60.3M.
- Echo Street Capital Management fully exited Vanguard Real Estate ETF in Q2 2017, selling an estimated $48.7M.
- Echo Street Capital Management's ten largest holdings make up 25% of its $2.7B portfolio in Q2 2017.
- Echo Street Capital Management opened 19 new positions and closed 31 in Q2 2017.
- Echo Street Capital Management's portfolio value fell 9.3% quarter-over-quarter to $2.7B.
Based on Echo Street Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.