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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
+3.57%
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 | 21.23% |
| 2 | Technology | 17.86% |
| 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 | |
|---|---|---|---|---|---|---|
|
INXN
1
DELISTED
Interxion Holding N.V.
INXN
| $151M | 3.68% |
2,420,040
+349,692
| +17% | +$22.4M |
|
|
2
Choice Hotels
CHH
$5.21B
| $112M | 2.73% |
1,484,261
+497,929
| +50% | +$39.9M |
|
|
GRA
3
DELISTED
W.R. Grace & Co.
GRA
| $95.1M | 2.32% |
1,297,365
+124,192
| +11% | +$8.71M |
|
4
Crown Castle
CCI
$33.1B
| $93.4M | 2.27% |
866,607
+122,710
| +16% | +$12.7M |
|
|
5
Corpay
CPAY
$25.6B
| $80.5M | 1.96% |
382,139
-278,108
| -42% | -$57.1M |
|
6
American Homes 4 Rent
AMH
$12.1B
| $77.2M | 1.88% |
3,479,713
-234,686
| -6% | -$4.79M |
|
7
Agilent Technologies
A
$39.5B
| $74.2M | 1.81% |
1,200,363
+458,207
| +62% | +$29.9M |
|
8
Thermo Fisher Scientific
TMO
$213B
| $70.1M | 1.71% |
338,302
+97,979
| +41% | +$20.8M |
|
|
9
Revvity
RVTY
$12.4B
| $66M | 1.61% |
900,892
+554,410
| +160% | +$41.6M |
|
10
Equinix
EQIX
$99.9B
| $65M | 1.58% |
151,158
+13,396
| +10% | +$5.41M |
|
|
WCN
11
Waste Connections
WCN
$43.6B
| $64.1M | 1.56% |
851,376
+323,941
| +61% | +$24.2M |
|
12
Watsco Inc
WSO
$12.7B
| $63.7M | 1.55% |
357,403
+17,502
| +5% | +$3.18M |
|
13
Mastercard
MA
$500B
| $60.9M | 1.48% |
309,752
-905
| -0.3% | -$170K |
|
|
14
Global Payments
GPN
$24B
| $59.4M | 1.45% |
533,011
-223,077
| -30% | -$25.2M |
|
15
Meritage Homes
MTH
$4.81B
| $57.5M | 1.4% |
2,618,630
+685,756
| +35% | +$15.4M |
|
16
Visa
V
$704B
| $53.9M | 1.31% |
406,681
-96,057
| -19% | -$12.4M |
|
17
PayPal
PYPL
$50.6B
| $51.8M | 1.26% |
621,919
+392,027
| +171% | +$31.2M |
|
18
American Tower
AMT
$80.8B
| $51.6M | 1.26% |
358,002
-169,686
| -32% | -$23.6M |
|
|
19
Waste Management
WM
$95.7B
| $50.8M | 1.24% |
+624,082
| New | +$51.7M |
|
20
Allegion
ALLE
$13.4B
| $47.3M | 1.15% |
611,596
+166,145
| +37% | +$13.3M |
|
21
Salesforce
CRM
$154B
| $46.8M | 1.14% |
342,896
+102,367
| +43% | +$13.1M |
|
22
D.R. Horton
DHI
$41.7B
| $46.1M | 1.12% |
1,124,815
+246,936
| +28% | +$10.7M |
|
|
STAY
23
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $44.2M | 1.08% |
2,044,027
+78,568
| +4% | +$1.61M |
|
|
MDSO
24
DELISTED
Medidata Solutions, Inc.
MDSO
| $42.9M | 1.04% |
532,253
+110,431
| +26% | +$8.28M |
|
|
25
Hyatt Hotels
H
$17.4B
| $42.9M | 1.04% |
555,547
+458,109
| +470% | +$36.4M |
|
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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 21% of assets, down from 25% 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.