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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
-17.23%
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
$4.65B
AUM Growth
-$1.84B
(-28%)
Cap. Flow
-$685M
Cap. Flow
% of AUM
-14.74%
Top 10 Holdings %
Top 10 Hldgs %
19.72%
Holding
232
New
38
Increased
65
Reduced
61
Closed
60
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
VeriSign
VRSN
|
+$76M |
| 2 |
PayPal
PYPL
|
+$52.6M |
| 3 |
Microsoft
MSFT
|
+$49.4M |
| 4 |
Booking.com
BKNG
|
+$43.4M |
| 5 |
Lennar Class A
LEN
|
+$34.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Carnival Corporation Ltd
CCL
|
+$89.3M |
| 2 |
INXN
Interxion Holding N.V.
INXN
|
+$65.8M |
| 3 |
MGP
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
|
+$62.1M |
| 4 |
Middleby
MIDD
|
+$53.2M |
| 5 |
CubeSmart
CUBE
|
+$51.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.63% |
| 2 | Financials | 14.69% |
| 3 | Real Estate | 11.89% |
| 4 | Healthcare | 10.91% |
| 5 | Consumer Discretionary | 8.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Fidelity National Information Services
FIS
$24.2B
| $108M | 2.31% |
883,841
-50,803
| -5% | -$7.05M |
|
|
2
Microsoft
MSFT
$2.9T
| $101M | 2.18% |
642,896
+300,537
| +88% | +$49.4M |
|
|
3
PayPal
PYPL
$50.3B
| $99M | 2.13% |
1,034,015
+476,353
| +85% | +$52.6M |
|
4
Crown Castle
CCI
$34.6B
| $98.2M | 2.11% |
679,967
-183,748
| -21% | -$27.4M |
|
|
ZEN
5
DELISTED
ZENDESK INC
ZEN
| $90.6M | 1.95% |
1,414,787
-6,101
| -0.4% | -$476K |
|
6
Equinix
EQIX
$99.4B
| $90.4M | 1.95% |
144,765
-34,743
| -19% | -$20.8M |
|
7
Intercontinental Exchange
ICE
$87.2B
| $85.1M | 1.83% |
1,054,103
+255,438
| +32% | +$23.1M |
|
8
Mastercard
MA
$498B
| $82.7M | 1.78% |
342,420
-77,086
| -18% | -$22.9M |
|
9
State Street SPDR S&P 500 ETF Trust
SPY
$771B
| $82.5M | 1.78% |
320,074
-144,614
| -31% | -$44.1M |
|
10
Thermo Fisher Scientific
TMO
$214B
| $78.6M | 1.69% |
277,218
+83,378
| +43% | +$26.3M |
|
|
11
VeriSign
VRSN
$26.3B
| $76.3M | 1.64% |
423,826
+386,343
| +1,031% | +$76M |
|
12
Revvity
RVTY
$12.6B
| $75.2M | 1.62% |
998,509
+277,968
| +39% | +$24.7M |
|
13
S&P Global
SPGI
$124B
| $72.6M | 1.56% |
296,200
+72,748
| +33% | +$20M |
|
14
Corpay
CPAY
$25.7B
| $68.3M | 1.47% |
366,310
+33,844
| +10% | +$9.34M |
|
15
Automatic Data Processing
ADP
$109B
| $65.6M | 1.41% |
479,696
+195,851
| +69% | +$31.6M |
|
16
AvalonBay Communities
AVB
$27.5B
| $63.7M | 1.37% |
433,017
+133,381
| +45% | +$26.9M |
|
17
Blackbaud
BLKB
$1.94B
| $63.2M | 1.36% |
1,137,541
+328,657
| +41% | +$23.2M |
|
18
WEX
WEX
$6.42B
| $63M | 1.36% |
602,284
+91,813
| +18% | +$17.1M |
|
19
Agilent Technologies
A
$39.6B
| $59M | 1.27% |
824,431
-310,556
| -27% | -$24.9M |
|
20
Equifax
EFX
$22B
| $56.7M | 1.22% |
474,865
-117,595
| -20% | -$17.1M |
|
21
Paychex
PAYX
$43.4B
| $56.6M | 1.22% |
899,564
+250,556
| +39% | +$20M |
|
|
RP
22
DELISTED
RealPage, Inc.
RP
| $55.1M | 1.19% |
1,040,798
-401,519
| -28% | -$22.9M |
|
23
Danaher
DHR
$138B
| $54.4M | 1.17% |
443,466
+85,552
| +24% | +$11.5M |
|
24
Descartes Systems
DSGX
$6.68B
| $53.7M | 1.16% |
1,561,857
+173,171
| +12% | +$7.2M |
|
25
American Tower
AMT
$83.5B
| $52.8M | 1.14% |
242,424
+75,276
| +45% | +$17.5M |
|
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Echo Street Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Echo Street Capital Management held 232 positions worth $4.65B, down 28% from $6.49B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Echo Street Capital Management withdrew a net $685M in Q1 2020, closing 60 positions and reducing 61 holdings. Its most notable exit was Carnival Corporation Ltd, an estimated $89.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 27% a quarter earlier, followed by Financials and Real Estate.
Against the trend, Echo Street Capital Management opened a new position in Booking.com worth $33.3M.
- Echo Street Capital Management's largest Q1 2020 buy was Booking.com: 618,525 shares worth $33.3M.
- Echo Street Capital Management added most to VeriSign in Q1 2020, an estimated $76M increase.
- Echo Street Capital Management's biggest Q1 2020 reduction was MGM Growth Properties LLC Class A common shares representing limited liability company interests, cutting an estimated $62.1M.
- Echo Street Capital Management fully exited Carnival Corporation Ltd in Q1 2020, selling an estimated $89.3M.
- Echo Street Capital Management's ten largest holdings make up 20% of its $4.65B portfolio in Q1 2020.
- Echo Street Capital Management opened 38 new positions and closed 60 in Q1 2020.
- Echo Street Capital Management's portfolio value fell 28% quarter-over-quarter to $4.65B.
Based on Echo Street Capital Management's 13F filing for Q1 2020, filed 15 May 2020.