EchoStar
ECHO
212 hedge funds and large institutions have $2.07B invested in EchoStar in 2018 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 77 increasing their positions, 57 reducing their positions, and 26 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 57
15% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 26
3.89% more ownership
Funds ownership: 114.73% → 118.62% (+3.9%)
1% more funds holding
Funds holding: 209 → 212 (+3)
12% less call options, than puts
Call options by funds: $3.1M | Put options by funds: $3.53M
13% less capital invested
Capital invested by funds: $2.36B → $2.07B (-$299M)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$43.5M |
| 2 |
Millennium Management
New York
|
+$27.3M |
| 3 |
GAM
Goldentree Asset Management
New York
|
+$26.4M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$23.1M |
| 5 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$20.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GA
Glenhill Advisors
New York
|
-$52.9M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$22.8M |
| 3 |
FCM
Freshford Capital Management
Rye Brook,
New York
|
-$19.1M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$13.6M |
| 5 |
HCS
Harvest Capital Strategies
San Francisco,
California
|
-$9.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SC
226
SouthState Corp
Winter Haven,
Florida
| – | -$203K | -4,751 | Closed |
|
|
EA
227
Edge Advisors
Atlanta,
Georgia
| – | -$51K | -1,208 | Closed |
|
|
MYIA
228
Mount Yale Investment Advisors
Denver,
Colorado
| – | -$40K | -935 | Closed |
|
|
CPIG
229
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$10K | -230 | Closed |
|
|
APP
230
Avantax Planning Partners
Dubuque,
Iowa
| – | -$9K | -206 | Closed |
|
|
GWM
231
Geneos Wealth Management
Englewood,
Colorado
| – | -$1K | -25 | Closed |
|
|
SWP
232
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$1K | -22 | Closed |
|
233
AssetMark Inc
Concord,
California
| – | -$1K | -15 | Closed |
|
|
WT
234
Washington Trust
Westerly,
Rhode Island
| – | +$204 | +5 | New |
|
ECHO Hedge Fund Activity: Q2 2018 in Review
212 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in EchoStar (ECHO) for Q2 2018, worth a combined $2.07B — down 13% from $2.36B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new ECHO positions and 26 closed out — a net gain of 4 holders — while 77 added to existing stakes and 57 trimmed.
The largest buyer was First Trust Advisors, adding an estimated $43.5M. The largest seller was Glenhill Advisors, exiting entirely with an estimated $52.9M sold.
- 212 institutional investors held EchoStar (ECHO) as of Q2 2018, up from 209 in Q1 2018.
- Funds reported $2.07B of EchoStar stock for Q2 2018, down 13% quarter-over-quarter.
- 30 funds opened new EchoStar positions in Q2 2018 and 26 closed out, a net change of +4 holders.
- The largest EchoStar buyer in Q2 2018 was First Trust Advisors, an estimated $43.5M added.
- The largest EchoStar seller in Q2 2018 was Glenhill Advisors, an estimated $52.9M sold.
Based on aggregated 13F filings for Q2 2018.