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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
-16.57%
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
$11B
AUM Growth
-$2.85B
(-21%)
Cap. Flow
-$567M
Cap. Flow
% of AUM
-5.14%
Top 10 Holdings %
Top 10 Hldgs %
23.03%
Holding
759
New
161
Increased
169
Reduced
174
Closed
214
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fidelity National Information Services
FIS
|
+$97.5M |
| 2 |
Global Payments
GPN
|
+$93.4M |
| 3 |
Union Pacific
UNP
|
+$88.5M |
| 4 |
Align Technology
ALGN
|
+$74.7M |
| 5 |
AppFolio
APPF
|
+$64.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$157M |
| 2 |
Airbnb
ABNB
|
+$121M |
| 3 |
Autodesk
ADSK
|
+$113M |
| 4 |
Morningstar
MORN
|
+$112M |
| 5 |
ServiceNow
NOW
|
+$93.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.36% |
| 2 | Healthcare | 16.93% |
| 3 | Financials | 14.13% |
| 4 | Industrials | 12.23% |
| 5 | Real Estate | 9.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$2.94T
| $582M | 5.28% |
2,266,610
-72,621
| -3% | -$19.7M |
|
2
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $400M | 3.63% |
1,060,358
+128,161
| +14% | +$52.5M |
|
3
Agilent Technologies
A
$39.5B
| $225M | 2.04% |
1,892,324
+5,588
| +0.3% | +$687K |
|
4
American Homes 4 Rent
AMH
$12.1B
| $214M | 1.94% |
6,030,048
-86,031
| -1% | -$3.26M |
|
5
Sun Communities
SUI
$15.6B
| $202M | 1.84% |
1,270,457
+5,532
| +0.4% | +$928K |
|
6
Alphabet (Google) Class A
GOOGL
$4.12T
| $191M | 1.73% |
1,750,700
-24,400
| -1% | -$2.87M |
|
7
Intuit
INTU
$90.4B
| $189M | 1.72% |
491,175
+29,722
| +6% | +$12.3M |
|
8
S&P Global
SPGI
$124B
| $184M | 1.67% |
544,851
-15,257
| -3% | -$5.44M |
|
9
CoStar Group
CSGP
$12.2B
| $176M | 1.6% |
2,920,620
-542,289
| -16% | -$32.8M |
|
10
Insulet
PODD
$11.7B
| $176M | 1.6% |
807,643
+5,209
| +0.6% | +$1.18M |
|
11
Thermo Fisher Scientific
TMO
$213B
| $176M | 1.59% |
323,117
+2,525
| +0.8% | +$1.39M |
|
|
AVLR
12
DELISTED
Avalara, Inc.
AVLR
| $174M | 1.57% |
2,458,745
+461,870
| +23% | +$38M |
|
|
PPLI
13
People Inc
PPLI
$3.14B
| $171M | 1.55% |
2,744,479
+695,723
| +34% | +$49.1M |
|
14
D.R. Horton
DHI
$41.7B
| $167M | 1.51% |
2,522,883
+728,450
| +41% | +$51.2M |
|
|
15
Global Payments
GPN
$24B
| $165M | 1.5% |
1,490,254
+738,458
| +98% | +$93.4M |
|
16
Tyler Technologies
TYL
$14.1B
| $157M | 1.42% |
471,768
+38,412
| +9% | +$14.1M |
|
17
Mettler-Toledo International
MTD
$28.1B
| $155M | 1.41% |
135,023
+1,490
| +1% | +$1.87M |
|
18
Pool Corp
POOL
$7.09B
| $153M | 1.39% |
436,140
-9,271
| -2% | -$3.68M |
|
19
Intercontinental Exchange
ICE
$87.4B
| $153M | 1.38% |
1,622,370
+329,364
| +25% | +$35.2M |
|
20
Linde
LIN
$236B
| $151M | 1.37% |
526,079
-125,293
| -19% | -$39.1M |
|
21
Veeva Systems
VEEV
$33.6B
| $150M | 1.36% |
757,605
+73,201
| +11% | +$13.5M |
|
22
Visa
V
$704B
| $147M | 1.33% |
746,759
+64,167
| +9% | +$13.3M |
|
23
Factset
FDS
$10.2B
| $145M | 1.31% |
376,268
-21,731
| -5% | -$8.51M |
|
24
VeriSign
VRSN
$26.5B
| $145M | 1.31% |
864,562
+12,672
| +1% | +$2.32M |
|
25
Mastercard
MA
$500B
| $144M | 1.3% |
455,688
-27,930
| -6% | -$9.62M |
|
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Echo Street Capital Management's Q2 2022 Portfolio in Review
As of Q2 2022, Echo Street Capital Management held 759 positions worth $11B, down 21% from $13.9B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Echo Street Capital Management withdrew a net $567M in Q2 2022, closing 214 positions and reducing 174 holdings. Its most notable exit was NVIDIA, an estimated $157M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 31% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Echo Street Capital Management opened a new position in AvalonBay Communities worth $55.3M.
- Echo Street Capital Management's largest Q2 2022 buy was AvalonBay Communities: 284,900 shares worth $55.3M.
- Echo Street Capital Management added most to Fidelity National Information Services in Q2 2022, an estimated $97.5M increase.
- Echo Street Capital Management's biggest Q2 2022 reduction was Autodesk, cutting an estimated $113M.
- Echo Street Capital Management fully exited NVIDIA in Q2 2022, selling an estimated $157M.
- Echo Street Capital Management's ten largest holdings make up 23% of its $11B portfolio in Q2 2022.
- Echo Street Capital Management opened 161 new positions and closed 214 in Q2 2022.
- Echo Street Capital Management's portfolio value fell 21% quarter-over-quarter to $11B.
Based on Echo Street Capital Management's 13F filing for Q2 2022, filed 15 Aug 2022.