Echo Global Logistics, Inc.
ECHO
ECHO was delisted on the 22nd of November, 2021.
189 hedge funds and large institutions have $756M invested in Echo Global Logistics, Inc. in 2018 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 51 increasing their positions, 68 reducing their positions, and 17 closing their positions.
129% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 17
12% more funds holding
Funds holding: 169 → 189 (+20)
8% more call options, than puts
Call options by funds: $3.85M | Put options by funds: $3.56M
3% less capital invested
Capital invested by funds: $777M → $756M (-$21.5M)
25% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 68
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$20.5M |
| 2 |
Millennium Management
New York
|
+$8.7M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$7.31M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$4.81M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$4.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$22.8M |
| 2 |
SAM
Scopus Asset Management
New York
|
-$21.1M |
| 3 |
Franklin Resources
San Mateo,
California
|
-$10.6M |
| 4 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$9.04M |
| 5 |
AAM
AMI Asset Management
Los Angeles,
California
|
-$4.82M |
ECHO Hedge Fund Activity: Q1 2018 in Review
189 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Echo Global Logistics, Inc. (ECHO) for Q1 2018, worth a combined $756M — down 2.8% from $777M a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new ECHO positions and 17 closed out — a net gain of 22 holders — while 51 added to existing stakes and 68 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $20.5M. The largest seller was Park West Asset Management, exiting entirely with an estimated $22.8M sold.
- 189 institutional investors held Echo Global Logistics, Inc. (ECHO) as of Q1 2018, up from 169 in Q4 2017.
- Funds reported $756M of Echo Global Logistics, Inc. stock for Q1 2018, down 2.8% quarter-over-quarter.
- 39 funds opened new Echo Global Logistics, Inc. positions in Q1 2018 and 17 closed out, a net change of +22 holders.
- The largest Echo Global Logistics, Inc. buyer in Q1 2018 was Goldman Sachs, an estimated $20.5M added.
- The largest Echo Global Logistics, Inc. seller in Q1 2018 was Park West Asset Management, an estimated $22.8M sold.
Based on aggregated 13F filings for Q1 2018.