EchoStar
ECHO
268 hedge funds and large institutions have $1.62B invested in EchoStar in 2024 Q1 according to their latest regulatory filings, with 136 funds opening new positions, 95 increasing their positions, 27 reducing their positions, and 42 closing their positions.
252% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 27
224% more first-time investments, than exits
New positions opened: 136 | Existing positions closed: 42
121% more capital invested
Capital invested by funds: $733M → $1.62B (+$887M)
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
54% more funds holding
Funds holding: 174 → 268 (+94)
41.22% less ownership
Funds ownership: 122.34% → 81.11% (-41%)
62% less call options, than puts
Call options by funds: $73M | Put options by funds: $191M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dodge & Cox
San Francisco,
California
|
+$190M |
| 2 |
BlackRock
New York
|
+$175M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$135M |
| 4 |
RCM
Redwood Capital Management
New York
|
+$62.3M |
| 5 |
State Street
Boston,
Massachusetts
|
+$43.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$31M |
| 2 |
CCM
Carronade Capital Management
Darien,
Connecticut
|
-$8.29M |
| 3 |
Millennium Management
New York
|
-$8.04M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$5.52M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$5.34M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NYLIM
301
New York Life Investment Management
New York
| – | -$314K | -18,955 | Closed |
|
|
XT
302
XTX Topco
George Town,
Cayman Islands
| – | -$219K | -13,221 | Closed |
|
|
JAM
303
Jupiter Asset Management
London,
United Kingdom
| – | -$213K | -12,848 | Closed |
|
|
SSG
304
Summit Securities Group
New York
| – | -$167K | -11,946 | Closed |
|
|
X
305
Xponance
Philadelphia,
Pennsylvania
| – | -$188K | -11,333 | Closed |
|
306
State of Wisconsin Investment Board
Madison,
Wisconsin
| – | -$187K | -11,263 | Closed |
|
|
N
307
Numerai
San Francisco,
California
| – | -$166K | -10,005 | Closed |
|
|
GCM
308
Gladius Capital Management
Chicago,
Illinois
| – | -$134K | -8,102 | Closed |
|
|
GWSG
309
GPS Wealth Strategies Group
Centennial,
Colorado
| – | -$3.73K | -225 | Closed |
|
|
SWM
310
Spire Wealth Management
Mclean,
Virginia
| – | -$2.85K | -185 | Closed |
|
ECHO Hedge Fund Activity: Q1 2024 in Review
268 of the 6,946 institutional investors tracked by Wall St. Rank reported a position in EchoStar (ECHO) for Q1 2024, worth a combined $1.62B — up 121% from $733M a quarter earlier.
Buyers outnumbered sellers: 136 funds opened new ECHO positions and 42 closed out — a net gain of 94 holders — while 95 added to existing stakes and 27 trimmed.
The largest buyer was Dodge & Cox, opening a new position worth an estimated $190M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $31M sold.
- 268 institutional investors held EchoStar (ECHO) as of Q1 2024, up from 174 in Q4 2023.
- Funds reported $1.62B of EchoStar stock for Q1 2024, up 121% quarter-over-quarter.
- 136 funds opened new EchoStar positions in Q1 2024 and 42 closed out, a net change of +94 holders.
- The largest EchoStar buyer in Q1 2024 was Dodge & Cox, an estimated $190M added.
- The largest EchoStar seller in Q1 2024 was Renaissance Technologies, an estimated $31M sold.
Based on aggregated 13F filings for Q1 2024.