EchoStar
ECHO
165 hedge funds and large institutions have $497M invested in EchoStar in 2023 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 46 increasing their positions, 55 reducing their positions, and 26 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
44% more call options, than puts
Call options by funds: $5.67M | Put options by funds: $3.93M
19% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 26
2% more funds holding
Funds holding: 162 → 165 (+3)
3.95% less ownership
Funds ownership: 86% → 82.04% (-4%)
8% less capital invested
Capital invested by funds: $538M → $497M (-$41.5M)
16% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Beryl Capital Management
Redondo Beach,
California
|
+$40.7M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$11.5M |
| 3 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$4.83M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$3.99M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$3.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QCI
Quaker Capital Investments
Mount Lebanon,
Pennsylvania
|
-$21.7M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$11.5M |
| 3 |
EIP
Epoch Investment Partners
New York
|
-$11M |
| 4 |
BlackRock
New York
|
-$8.32M |
| 5 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$7.76M |
ECHO Hedge Fund Activity: Q3 2023 in Review
165 of the 6,303 institutional investors tracked by Wall St. Rank reported a position in EchoStar (ECHO) for Q3 2023, worth a combined $497M — down 7.7% from $538M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new ECHO positions and 26 closed out — a net gain of 5 holders — while 46 added to existing stakes and 55 trimmed.
The largest buyer was Beryl Capital Management, opening a new position worth an estimated $40.7M. The largest seller was Quaker Capital Investments, cutting an estimated $21.7M.
- 165 institutional investors held EchoStar (ECHO) as of Q3 2023, up from 162 in Q2 2023.
- Funds reported $497M of EchoStar stock for Q3 2023, down 7.7% quarter-over-quarter.
- 31 funds opened new EchoStar positions in Q3 2023 and 26 closed out, a net change of +5 holders.
- The largest EchoStar buyer in Q3 2023 was Beryl Capital Management, an estimated $40.7M added.
- The largest EchoStar seller in Q3 2023 was Quaker Capital Investments, an estimated $21.7M sold.
Based on aggregated 13F filings for Q3 2023.