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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
-4.72%
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
$10.7B
AUM Growth
-$938M
(-8%)
Cap. Flow
-$367M
Cap. Flow
% of AUM
-3.42%
Top 10 Holdings %
Top 10 Hldgs %
37.45%
Holding
607
New
163
Increased
142
Reduced
139
Closed
157
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$186M |
| 2 |
Cadence Design Systems
CDNS
|
+$127M |
| 3 |
Microsoft
MSFT
|
+$122M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$118M |
| 5 |
Lennar Class A
LEN
|
+$98.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MRSH
Marsh
MRSH
|
+$152M |
| 2 |
AppFolio
APPF
|
+$137M |
| 3 |
S&P Global
SPGI
|
+$133M |
| 4 |
VeriSign
VRSN
|
+$108M |
| 5 |
Revvity
RVTY
|
+$106M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 40.05% |
| 2 | Financials | 17.01% |
| 3 | Healthcare | 12.37% |
| 4 | Real Estate | 9.61% |
| 5 | Industrials | 4.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$2.97T
| $1.06B | 9.86% |
3,353,312
+368,359
| +12% | +$122M |
|
2
Visa
V
$704B
| $599M | 5.58% |
2,603,392
-93,975
| -3% | -$22.6M |
|
3
Linde
LIN
$237B
| $421M | 3.92% |
1,129,365
-194,513
| -15% | -$74M |
|
|
FISV
4
Fiserv Inc
FISV
$29.8B
| $336M | 3.13% |
2,977,187
+960,105
| +48% | +$118M |
|
5
Alphabet (Google) Class A
GOOGL
$4.17T
| $283M | 2.63% |
2,161,887
+459,802
| +27% | +$59.5M |
|
|
DAY
6
DELISTED
Dayforce
DAY
| $282M | 2.63% |
4,157,939
-166,595
| -4% | -$11.7M |
|
7
Paycom
PAYC
$7.98B
| $273M | 2.54% |
1,053,601
-27,745
| -3% | -$8.46M |
|
8
Danaher
DHR
$139B
| $266M | 2.48% |
1,210,962
-37,063
| -3% | -$8.27M |
|
9
UnitedHealth
UNH
$386B
| $252M | 2.35% |
500,678
+24,880
| +5% | +$12.2M |
|
10
Tyler Technologies
TYL
$14.3B
| $251M | 2.34% |
650,731
+104,361
| +19% | +$41M |
|
11
Intuit
INTU
$91.9B
| $244M | 2.27% |
476,834
+68,774
| +17% | +$34.8M |
|
|
MRSH
12
Marsh
MRSH
$94.3B
| $241M | 2.24% |
1,265,958
-795,409
| -39% | -$152M |
|
13
Mastercard
MA
$501B
| $235M | 2.19% |
593,415
-26,920
| -4% | -$10.8M |
|
14
AvalonBay Communities
AVB
$27.6B
| $231M | 2.15% |
1,346,351
-221,935
| -14% | -$41M |
|
|
15
State Street SPDR S&P 500 ETF Trust
SPY
$783B
| $231M | 2.15% |
539,783
+418,825
| +346% | +$186M |
|
16
Equinix
EQIX
$100B
| $215M | 2.01% |
296,582
-12,167
| -4% | -$9.42M |
|
17
D.R. Horton
DHI
$41.7B
| $209M | 1.95% |
1,946,275
-40,422
| -2% | -$4.84M |
|
18
Paylocity
PCTY
$7.8B
| $197M | 1.83% |
1,081,462
+154,880
| +17% | +$31.1M |
|
19
Agilent Technologies
A
$39.7B
| $193M | 1.8% |
1,725,693
-337,649
| -16% | -$40.5M |
|
20
Toast
TOST
$19.1B
| $177M | 1.65% |
9,441,100
+3,969,720
| +73% | +$86.2M |
|
21
CoStar Group
CSGP
$12.3B
| $176M | 1.64% |
2,284,662
+105,950
| +5% | +$8.78M |
|
22
Apple
AAPL
$5.05T
| $170M | 1.58% |
993,680
-43,870
| -4% | -$8.05M |
|
23
Moody's
MCO
$84.5B
| $162M | 1.51% |
513,338
-44,368
| -8% | -$15.1M |
|
24
Roper Technologies
ROP
$40.5B
| $158M | 1.47% |
325,654
+63,957
| +24% | +$31.3M |
|
|
25
AppFolio
APPF
$6.72B
| $158M | 1.47% |
862,697
-754,716
| -47% | -$137M |
|
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Echo Street Capital Management's Q3 2023 Portfolio in Review
As of Q3 2023, Echo Street Capital Management held 607 positions worth $10.7B, down 8% from $11.7B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Echo Street Capital Management withdrew a net $367M in Q3 2023, closing 157 positions and reducing 139 holdings. Its most notable exit was Revvity, an estimated $106M position sold in full.
By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 37% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Echo Street Capital Management opened a new position in American Tower worth $53.2M.
- Echo Street Capital Management's largest Q3 2023 buy was American Tower: 323,755 shares worth $53.2M.
- Echo Street Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q3 2023, an estimated $186M increase.
- Echo Street Capital Management's biggest Q3 2023 reduction was Marsh, cutting an estimated $152M.
- Echo Street Capital Management fully exited Revvity in Q3 2023, selling an estimated $106M.
- Echo Street Capital Management's ten largest holdings make up 37% of its $10.7B portfolio in Q3 2023.
- Echo Street Capital Management opened 163 new positions and closed 157 in Q3 2023.
- Echo Street Capital Management's portfolio value fell 8% quarter-over-quarter to $10.7B.
Based on Echo Street Capital Management's 13F filing for Q3 2023, filed 14 Nov 2023.