Evercore Equity Fund
EWMCX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 55 East 52nd Street New York NY United States of America 10055
- IPO Date
- Jan 2, 1980
- CIK
- 0001517695
- Website
- evercoreequityfund.com
- Similar Companies
- Business
- Evercore Equity Fund (EWMCX) is an open-end mutual fund that seeks long-term growth of capital by investing principally in a diversified portfolio of domestic common stocks of companies undergoing positive and sustainable fundamental changes. The fund normally invests at least 80% of its net assets in equity securities, primarily U.S. large-, medium-, and small-capitalization stocks selected based on prospects, returns, past and expected future performance, corporate management quality, and capital allocation; it maintains a portfolio of typically 30-50 holdings diversified across company size, economic sector, business geography, valuation, and financial strength, with up to 20% of total assets allocated to foreign securities directly or via American Depositary Receipts. The fund targets growth-oriented investors and benchmarks performance against the S&P 500 Index. Headquartered at 55 East 52nd Street, New York, New York, the fund traces its origins to December 24, 1945, as the original launch date of its predecessor, The Wall Street Fund (WALLX). Evercore Wealth Management, LLC serves as investment adviser, with portfolio managers Timothy Evnin and Charles Ryan responsible since November 2013 (co-managers since 2010 and 2011, respectively) and Mike Seppelt also contributing; the adviser has contractually capped total annual operating expenses at 1.00% through April 30, 2026, yielding a net expense ratio of 0.90% and low portfolio turnover of 9%. The fund operates as the sole series of Wall Street EWM Funds Trust, a Delaware statutory trust organized in 2011, following a 2014 reorganization from the predecessor fund acquired by the adviser in 2010. In recent years, the fund underwent a significant name change on March 1, 2016, from Wall Street Fund to Evercore Equity Fund to reflect prior ownership and management transitions post-2010 acquisition. It completed a structural reorganization on October 1, 2014, transferring assets from the predecessor fund while retaining the same investment objective, policies, and adviser. As of September 30, 2025, fund assets stand at $516.2 million, with top holdings including NVIDIA Corp (9.59%), Microsoft Corp (6.07%), and Alphabet Inc Class C (5.74%), underscoring emphasis on technology and communication services amid sustained risk-adjusted performance (Sharpe Ratio of 0.75 versus S&P 500's 0.87 over the decade).