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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 | |
|---|---|---|---|---|---|---|
176
Edison International
EIX
$26.6B
| $779K | 0.01% |
12,304
+5,893
| +92% | +$411K |
|
177
Huntington Ingalls Industries
HII
$13B
| $778K | 0.01% |
+3,804
| New | +$839K |
|
178
HP
HPQ
$26.5B
| $775K | 0.01% |
30,139
+5,635
| +23% | +$173K |
|
179
Edwards Lifesciences
EW
$53.8B
| $774K | 0.01% |
+11,166
| New | +$897K |
|
180
Guardant Health
GH
$22.3B
| $771K | 0.01% |
+26,018
| New | +$915K |
|
181
Live Nation Entertainment
LYV
$42.9B
| $753K | 0.01% |
9,065
+4,442
| +96% | +$387K |
|
182
Xylem
XYL
$28.7B
| $749K | 0.01% |
8,226
+3,602
| +78% | +$372K |
|
183
Bright Horizons
BFAM
$3.81B
| $736K | 0.01% |
+9,036
| New | +$834K |
|
184
Lockheed Martin
LMT
$137B
| $736K | 0.01% |
1,799
+1,104
| +159% | +$490K |
|
185
Cisco
CSCO
$476B
| $735K | 0.01% |
+13,673
| New | +$738K |
|
186
Starbucks
SBUX
$121B
| $732K | 0.01% |
8,020
+2,961
| +59% | +$291K |
|
187
MongoDB
MDB
$34.8B
| $727K | 0.01% |
+2,103
| New | +$798K |
|
188
TJX Companies
TJX
$173B
| $726K | 0.01% |
+8,171
| New | +$719K |
|
189
AES
AES
$10.5B
| $724K | 0.01% |
+47,649
| New | +$908K |
|
190
Cincinnati Financial
CINF
$26.7B
| $718K | 0.01% |
7,016
-4,080
| -37% | -$427K |
|
191
Snap-on
SNA
$21.4B
| $713K | 0.01% |
+2,796
| New | +$756K |
|
192
Atlassian
TEAM
$39.3B
| $713K | 0.01% |
+3,538
| New | +$672K |
|
193
Incyte
INCY
$24.5B
| $712K | 0.01% |
12,329
-8,628
| -41% | -$544K |
|
194
Owens Corning
OC
$12.5B
| $708K | 0.01% |
5,188
-1,617
| -24% | -$222K |
|
195
Brown-Forman Class B
BF.B
$12.8B
| $704K | 0.01% |
+12,210
| New | +$812K |
|
196
Harley-Davidson
HOG
$2.8B
| $704K | 0.01% |
21,300
-397
| -2% | -$13.8K |
|
197
Gentex
GNTX
$5.07B
| $693K | 0.01% |
21,309
+9,361
| +78% | +$300K |
|
198
Northern Trust
NTRS
$34.6B
| $691K | 0.01% |
9,939
+4,528
| +84% | +$342K |
|
199
Centene
CNC
$32.4B
| $677K | 0.01% |
9,833
+3,693
| +60% | +$246K |
|
200
Johnson & Johnson
JNJ
$625B
| $669K | 0.01% |
4,296
+700
| +19% | +$116K |
|
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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.