Echo Street Capital Management Portfolio holdings
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 | |
|---|---|---|---|---|---|---|
176
Thomson Reuters
TRI
$45.8B
| – | – |
-199,152
| Closed | -$8.93M |
|
177
Unifirst Corp
UNF
$4.88B
| – | – |
-54,266
| Closed | -$8.77M |
|
178
Welltower
WELL
$169B
| – | – |
-100,228
| Closed | -$5.46M |
|
179
Weyerhaeuser
WY
$16B
| – | – |
-196,595
| Closed | -$6.88M |
|
180
Dentsply Sirona
XRAY
$2.09B
| – | – |
-281,547
| Closed | -$14.2M |
|
|
ELLI
181
DELISTED
Ellie Mae Inc
ELLI
| – | – |
-23,267
| Closed | -$2.14M |
|
|
SIR
182
DELISTED
SELECT INCOME REIT
SIR
| – | – |
-1,343,535
| Closed | -$11.5M |
|
|
GPT
183
DELISTED
Gramercy Property Trust
GPT
| – | – |
-353,567
| Closed | -$7.68M |
|
|
EDR
184
DELISTED
Education Realty Trust Inc
EDR
| – | – |
-839,092
| Closed | -$27.5M |
|
|
BUFF
185
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| – | – |
-160,422
| Closed | -$6.39M |
|
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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.