EchoStar
ECHO
167 hedge funds and large institutions have $1.76B invested in EchoStar in 2015 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 60 increasing their positions, 69 reducing their positions, and 22 closing their positions.
7% less funds holding
Funds holding: 179 → 167 (-12)
10% less capital invested
Capital invested by funds: $1.96B → $1.76B (-$205M)
13% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 69
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
49% less call options, than puts
Call options by funds: $77K | Put options by funds: $151K
50% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$50.6M |
| 2 |
Millennium Management
New York
|
+$5.24M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$4.86M |
| 4 |
ACM
Altalis Capital Management
New York
|
+$3.66M |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
+$3.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BACM
Blue Arrow Capital Management
New York
|
-$8.52M |
| 2 |
HK
Horizon Kinetics
New York
|
-$6.13M |
| 3 |
SLCM
Seven Locks Capital Management
New York
|
-$3.41M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
-$3.31M |
| 5 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
-$3.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AP
176
AHL Partners
London,
United Kingdom
| – | -$520K | -13,193 | Closed |
|
|
IRF
177
IBM Retirement Fund
Armonk,
New York
| – | -$498K | -12,634 | Closed |
|
|
TI
178
Trexquant Investment
Stamford,
Connecticut
| – | -$335K | -8,515 | Closed |
|
|
VKH
179
Virtu KCG Holdings
New York
| – | -$308K | -7,815 | Closed |
|
180
KeyBank National Association
Cleveland,
Ohio
| – | -$306K | -7,753 | Closed |
|
|
ARTA
181
A.R.T. Advisors
New York
| – | -$296K | -7,514 | Closed |
|
182
Nomura Holdings
Tokyo,
Japan
| – | -$262K | -6,643 | Closed |
|
183
Jane Street
New York
| – | -$248K | -6,291 | Closed |
|
|
JG
184
Jefferies Group
New York
| – | -$229K | -5,813 | Closed |
|
185
Verition Fund Management
Greenwich,
Connecticut
| – | -$217K | -5,499 | Closed |
|
186
DekaBank Deutsche Girozentrale
Frankfurt,
Germany
| – | -$117K | -2,962 | Closed |
|
187
Bessemer Group
Woodbridge,
New Jersey
| – | -$10K | -260 | Closed |
|
ECHO Hedge Fund Activity: Q3 2015 in Review
167 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in EchoStar (ECHO) for Q3 2015, worth a combined $1.76B — down 10% from $1.96B a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of ECHO and 11 opened new positions — a net loss of 11 holders — while 69 trimmed existing stakes and 60 added.
The largest buyer was Putnam Investments, adding an estimated $50.6M. The largest seller was Blue Arrow Capital Management, exiting entirely with an estimated $8.52M sold.
- 167 institutional investors held EchoStar (ECHO) as of Q3 2015, down from 179 in Q2 2015.
- Funds reported $1.76B of EchoStar stock for Q3 2015, down 10% quarter-over-quarter.
- 11 funds opened new EchoStar positions in Q3 2015 and 22 closed out, a net change of -11 holders.
- The largest EchoStar buyer in Q3 2015 was Putnam Investments, an estimated $50.6M added.
- The largest EchoStar seller in Q3 2015 was Blue Arrow Capital Management, an estimated $8.52M sold.
Based on aggregated 13F filings for Q3 2015.