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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
+5.96%
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
$4.51B
AUM Growth
+$404M
(+9.8%)
Cap. Flow
+$178M
Cap. Flow
% of AUM
3.94%
Top 10 Holdings %
Top 10 Hldgs %
20.43%
Holding
199
New
37
Increased
78
Reduced
52
Closed
32
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$71M |
| 2 |
Toll Brothers
TOL
|
+$31.8M |
| 3 |
Microsoft
MSFT
|
+$31.6M |
| 4 |
Blackbaud
BLKB
|
+$29.3M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Revvity
RVTY
|
+$41.3M |
| 2 |
Corpay
CPAY
|
+$32.7M |
| 3 |
Hilton Worldwide
HLT
|
+$31.6M |
| 4 |
CarMax
KMX
|
+$25.9M |
| 5 |
SPS Commerce
SPSC
|
+$24.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.65% |
| 2 | Real Estate | 18.97% |
| 3 | Consumer Discretionary | 16.75% |
| 4 | Industrials | 12.37% |
| 5 | Financials | 9.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
INXN
1
DELISTED
Interxion Holding N.V.
INXN
| $169M | 3.75% |
2,513,906
+93,866
| +4% | +$6.09M |
|
2
Crown Castle
CCI
$33.1B
| $108M | 2.4% |
974,539
+107,932
| +12% | +$12M |
|
3
Choice Hotels
CHH
$5.21B
| $101M | 2.25% |
1,216,144
-268,117
| -18% | -$21M |
|
4
American Homes 4 Rent
AMH
$12.1B
| $97.5M | 2.16% |
4,455,488
+975,775
| +28% | +$22M |
|
|
GRA
5
DELISTED
W.R. Grace & Co.
GRA
| $91.5M | 2.03% |
1,280,859
-16,506
| -1% | -$1.19M |
|
6
Equinix
EQIX
$99.9B
| $83.7M | 1.85% |
193,246
+42,088
| +28% | +$18.4M |
|
7
Meritage Homes
MTH
$4.81B
| $70.2M | 1.55% |
3,516,432
+897,802
| +34% | +$19.6M |
|
8
Agilent Technologies
A
$39.5B
| $69.2M | 1.53% |
981,452
-218,911
| -18% | -$14.5M |
|
|
9
eBay
EBAY
$51.4B
| $67.6M | 1.5% |
+2,047,996
| New | +$71M |
|
10
Thermo Fisher Scientific
TMO
$213B
| $62.9M | 1.39% |
257,810
-80,492
| -24% | -$18.5M |
|
11
WEX
WEX
$6.47B
| $62.2M | 1.38% |
309,979
+108,148
| +54% | +$20.7M |
|
12
Middleby
MIDD
$5.98B
| $60M | 1.33% |
463,943
+108,718
| +31% | +$12.4M |
|
13
Factset
FDS
$10.2B
| $58.5M | 1.3% |
261,282
+80,890
| +45% | +$17.6M |
|
|
INFO
14
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $58.2M | 1.29% |
1,079,160
+430,541
| +66% | +$23.2M |
|
|
15
Microsoft
MSFT
$2.94T
| $56.9M | 1.26% |
497,259
+291,842
| +142% | +$31.6M |
|
16
Global Payments
GPN
$24B
| $54.6M | 1.21% |
428,289
-104,722
| -20% | -$12.6M |
|
17
PayPal
PYPL
$50.6B
| $54M | 1.2% |
614,874
-7,045
| -1% | -$620K |
|
|
18
Corpay
CPAY
$25.6B
| $52.9M | 1.17% |
232,182
-149,957
| -39% | -$32.7M |
|
19
Mastercard
MA
$500B
| $52.2M | 1.16% |
234,416
-75,336
| -24% | -$15.7M |
|
20
Cognizant
CTSH
$26.4B
| $50.7M | 1.12% |
657,515
+268,601
| +69% | +$21M |
|
21
LKQ Corp
LKQ
$6.74B
| $50.3M | 1.12% |
1,589,426
+722,371
| +83% | +$24M |
|
|
22
Blackbaud
BLKB
$1.99B
| $49.7M | 1.1% |
490,158
+280,562
| +134% | +$29.3M |
|
23
SS&C Technologies
SSNC
$19.1B
| $48.7M | 1.08% |
856,407
+223,618
| +35% | +$12.4M |
|
|
WCN
24
Waste Connections
WCN
$43.6B
| $46.6M | 1.03% |
584,368
-267,008
| -31% | -$21M |
|
25
Salesforce
CRM
$154B
| $46.3M | 1.03% |
291,370
-51,526
| -15% | -$7.65M |
|
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Echo Street Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Echo Street Capital Management held 199 positions worth $4.51B, up 9.8% from $4.11B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Echo Street Capital Management deployed $178M of net new capital in Q3 2018, opening 37 new positions and adding to 78 existing holdings. Its largest new stake was eBay: 2,047,996 shares worth $67.6M.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 18% a quarter earlier, followed by Real Estate and Consumer Discretionary.
On the sell side, the largest reduction was Revvity, an estimated $41.3M trimmed.
- Echo Street Capital Management's largest Q3 2018 buy was eBay: 2,047,996 shares worth $67.6M.
- Echo Street Capital Management added most to Microsoft in Q3 2018, an estimated $31.6M increase.
- Echo Street Capital Management's biggest Q3 2018 reduction was Revvity, cutting an estimated $41.3M.
- Echo Street Capital Management fully exited Hilton Worldwide in Q3 2018, selling an estimated $31.6M.
- Echo Street Capital Management's ten largest holdings make up 20% of its $4.51B portfolio in Q3 2018.
- Echo Street Capital Management opened 37 new positions and closed 32 in Q3 2018.
- Echo Street Capital Management's portfolio value rose 9.8% quarter-over-quarter to $4.51B.
Based on Echo Street Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.