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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
+3.58%
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
$4.11B
AUM Growth
+$677M
(+20%)
Cap. Flow
+$572M
Cap. Flow
% of AUM
13.92%
Top 10 Holdings %
Top 10 Hldgs %
21.54%
Holding
185
New
40
Increased
79
Reduced
43
Closed
23
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Waste Management
WM
|
+$51.7M |
| 2 |
Revvity
RVTY
|
+$41.6M |
| 3 |
Choice Hotels
CHH
|
+$39.9M |
| 4 |
Hyatt Hotels
H
|
+$36.4M |
| 5 |
WEX
WEX
|
+$35.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Open Text
OTEX
|
+$70.7M |
| 2 |
Corpay
CPAY
|
+$57.1M |
| 3 |
Mondelez International
MDLZ
|
+$36.1M |
| 4 |
EDR
Education Realty Trust Inc
EDR
|
+$27.5M |
| 5 |
Global Payments
GPN
|
+$25.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 22.63% |
| 2 | Technology | 18.1% |
| 3 | Consumer Discretionary | 15.29% |
| 4 | Industrials | 14.47% |
| 5 | Financials | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Lennox International
LII
$12.5B
| $6.35M | 0.15% |
+31,706
| New | +$6.42M |
|
152
Park Hotels & Resorts
PK
$3.09B
| $6.14M | 0.15% |
200,373
-63,707
| -24% | -$1.9M |
|
153
Estee Lauder
EL
$35.2B
| $5.76M | 0.14% |
+40,360
| New | +$5.97M |
|
154
Fastenal
FAST
$56.1B
| $5.7M | 0.14% |
+473,356
| New | +$6.13M |
|
|
SMTA
155
DELISTED
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
| $5.66M | 0.14% |
+549,089
| New | +$5.47M |
|
156
State Street SPDR S&P 500 ETF Trust
SPY
$801B
| $4.63M | 0.11% |
+17,066
| New | +$4.61M |
|
|
ABAX
157
DELISTED
Abaxis Inc
ABAX
| $4.25M | 0.1% |
51,192
-240,575
| -82% | -$18.5M |
|
158
Gartner
IT
$12.1B
| $4.07M | 0.1% |
30,588
+2,113
| +7% | +$270K |
|
|
WRI
159
DELISTED
Weingarten Realty Investors
WRI
| $3.42M | 0.08% |
111,108
-505,060
| -82% | -$14.4M |
|
|
PSB
160
DELISTED
PS Business Parks, Inc.
PSB
| $2.54M | 0.06% |
19,736
-145,069
| -88% | -$17.3M |
|
161
Four Corners Property Trust
FCPT
$2.6B
| $1.86M | 0.05% |
+75,352
| New | +$1.73M |
|
162
Victory Capital Holdings
VCTR
$6.69B
| $1.79M | 0.04% |
168,778
-60,180
| -26% | -$648K |
|
163
AppFolio
APPF
$7.81B
| – | – |
-172,960
| Closed | -$7.07M |
|
164
EPR Properties
EPR
$4.46B
| – | – |
-139,517
| Closed | -$7.73M |
|
165
Highwoods Properties
HIW
$3.38B
| – | – |
-167,728
| Closed | -$7.35M |
|
166
Hershey
HSY
$34.6B
| – | – |
-177,592
| Closed | -$17.6M |
|
167
iQIYI
IQ
$964M
| – | – |
-25,000
| Closed | -$389K |
|
168
Kraft Heinz
KHC
$28.2B
| – | – |
-204,419
| Closed | -$12.7M |
|
169
Kimberly-Clark
KMB
$32.6B
| – | – |
-69,285
| Closed | -$7.63M |
|
170
Mid-America Apartment Communities
MAA
$14.5B
| – | – |
-104,692
| Closed | -$9.55M |
|
171
NNN REIT
NNN
$8.31B
| – | – |
-188,334
| Closed | -$7.39M |
|
|
172
Open Text
OTEX
$5.69B
| – | – |
-2,030,423
| Closed | -$70.7M |
|
173
Philip Morris
PM
$299B
| – | – |
-169,394
| Closed | -$16.8M |
|
174
RLJ Lodging Trust
RLJ
$1.67B
| – | – |
-553,886
| Closed | -$10.8M |
|
175
RPM International
RPM
$12.8B
| – | – |
-265,466
| Closed | -$12.7M |
|
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Echo Street Capital Management's Q2 2018 Portfolio in Review
As of Q2 2018, Echo Street Capital Management held 185 positions worth $4.11B, up 20% from $3.43B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Echo Street Capital Management deployed $572M of net new capital in Q2 2018, opening 40 new positions and adding to 79 existing holdings. Its largest new stake was Waste Management: 624,082 shares worth $50.8M.
By sector, the portfolio is most concentrated in Real Estate at 23% of assets, down from 27% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was Corpay, an estimated $57.1M trimmed.
- Echo Street Capital Management's largest Q2 2018 buy was Waste Management: 624,082 shares worth $50.8M.
- Echo Street Capital Management added most to Revvity in Q2 2018, an estimated $41.6M increase.
- Echo Street Capital Management's biggest Q2 2018 reduction was Corpay, cutting an estimated $57.1M.
- Echo Street Capital Management fully exited Open Text in Q2 2018, selling an estimated $70.7M.
- Echo Street Capital Management's ten largest holdings make up 22% of its $4.11B portfolio in Q2 2018.
- Echo Street Capital Management opened 40 new positions and closed 23 in Q2 2018.
- Echo Street Capital Management's portfolio value rose 20% quarter-over-quarter to $4.11B.
Based on Echo Street Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.