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ESCM
Echo Street Capital Management Portfolio holdings
AUM
$747M
Turnover
99.55%
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
+159.46%
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
Avg Time Held
1.3
years
Top 10 Avg Time Held
0.6
years
Top 20 Avg Time Held
0.8
years
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 | 23.01% |
| 2 | Consumer Discretionary | 16.08% |
| 3 | Industrials | 14.85% |
| 4 | Technology | 13.54% |
| 5 | Financials | 9.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
INXN
1
DELISTED
Interxion Holding N.V.
INXN
| $115M | 4.28% |
2,521,710
-56,352
| -2% | -$2.43M |
2015 Q2
8 quarters
|
|
2
American Tower
AMT
$83.6B
| $95.4M | 3.54% |
721,347
-12,416
| -2% | -$1.59M |
2015 Q1
9 quarters
|
|
3
Choice Hotels
CHH
$4.66B
| $82.1M | 3.04% |
1,277,835
-49,217
| -4% | -$3.16M |
2015 Q2
8 quarters
|
|
4
Corpay
CPAY
$25.8B
| $75.3M | 2.79% |
522,450
+77,223
| +17% | +$11M |
2013 Q2
16 quarters
|
|
5
PayPal
PYPL
$48B
| $62M | 2.3% |
1,154,777
-247,395
| -18% | -$12.2M |
2016 Q1
5 quarters
|
|
6
Mondelez International
MDLZ
$79.9B
| $59.7M | 2.21% |
1,381,145
-47,998
| -3% | -$2.16M |
2015 Q3
7 quarters
|
|
7
Equinix
EQIX
$98.3B
| $58.8M | 2.18% |
137,051
+20,092
| +17% | +$8.52M |
2013 Q2
16 quarters
|
|
8
DELISTED
Premier
PINC
| $45.3M | 1.68% |
1,257,368
-30,686
| -2% | -$1.05M |
2015 Q3
7 quarters
|
|
9
Watsco Inc
WSO
$12.2B
| $44.6M | 1.66% |
289,519
+74,017
| +34% | +$10.6M |
2013 Q4
14 quarters
|
|
|
CAA
10
DELISTED
CalAtlantic Group, Inc.
CAA
| $41.9M | 1.55% |
1,184,983
+258,134
| +28% | +$9.38M |
2015 Q4
6 quarters
|
|
11
LKQ Corp
LKQ
$5.52B
| $41.4M | 1.53% |
1,255,154
-207,761
| -14% | -$6.42M |
2013 Q2
16 quarters
|
|
|
12
Middleby
MIDD
$4.8B
| $40.9M | 1.52% |
336,532
+169,850
| +102% | +$22.4M |
2015 Q1
9 quarters
|
|
13
DELISTED
Dun & Bradstreet
DNB
| $38.5M | 1.43% |
356,080
-25,761
| -7% | -$2.76M |
2014 Q1
13 quarters
|
|
14
Crown Castle
CCI
$33.8B
| $38.3M | 1.42% |
381,832
-186,228
| -33% | -$18.3M |
2015 Q1
9 quarters
|
|
|
STAY
15
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $36.5M | 1.35% |
1,885,283
-862,830
| -31% | -$15.5M |
2015 Q1
9 quarters
|
|
|
GRA
16
DELISTED
W.R. Grace & Co.
GRA
| $36.4M | 1.35% |
505,934
+14,133
| +3% | +$991K |
2014 Q2
12 quarters
|
|
17
O'Reilly Automotive
ORLY
$70.1B
| $35.2M | 1.31% |
2,413,740
+869,055
| +56% | +$14.2M |
2016 Q3
3 quarters
|
|
18
Waste Connections
WCN
$39.5B
| $35.2M | 1.31% |
546,284
+21,012
| +4% | +$1.31M |
2015 Q3
7 quarters
|
|
19
Cognizant
CTSH
$28.1B
| $35.1M | 1.3% |
528,303
+97,404
| +23% | +$6.19M |
2015 Q4
6 quarters
|
|
20
Thermo Fisher Scientific
TMO
$249B
| $34.8M | 1.29% |
199,560
+11,092
| +6% | +$1.86M |
2013 Q4
14 quarters
|
|
21
Mastercard
MA
$528B
| $34.2M | 1.27% |
281,649
+56,091
| +25% | +$6.65M |
2015 Q3
7 quarters
|
|
22
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $33.5M | 1.24% |
1,466,941
+487,270
| +50% | +$11.5M |
2017 Q1
1 quarter
|
|
|
RP
23
DELISTED
RealPage, Inc.
RP
| $32.5M | 1.2% |
902,674
+38,139
| +4% | +$1.36M |
2016 Q4
2 quarters
|
|
|
24
American Homes 4 Rent
AMH
$11B
| $31.3M | 1.16% |
1,388,294
+1,072,573
| +340% | +$24.4M |
2016 Q2
4 quarters
|
|
25
DELISTED
Ultimate Software Group Inc
ULTI
| $30.9M | 1.15% |
147,102
+44,439
| +43% | +$9.36M |
2016 Q3
3 quarters
|
|
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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 23% of assets, down from 27% a quarter earlier, followed by Consumer Discretionary and Industrials.
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.