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ECHO

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
165
Holders Change
+3
Holders Change %
+1.85%
% of All Funds
2.62%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
31
Increased
46
Reduced
55
Closed
26
Calls
$5.67M
Puts
$3.93M
Net Calls
+$1.74M
Net Calls Change
+$917K

Top Buyers

Rank Fund Capital Flow
1
BCM
Beryl Capital Management
California
+$40.7M
2
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$11.5M
3
MF
Magnetar Financial
Illinois
+$4.83M
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$3.99M
5
UBS Group
UBS Group
Switzerland
+$3.9M

Top Sellers

Rank Fund Capital Flow
1
QCI
Quaker Capital Investments
Pennsylvania
-$21.7M
2
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$11.5M
3
EIP
Epoch Investment Partners
New York
-$11M
4
BlackRock
BlackRock
New York
-$8.32M
5
JAM
Jupiter Asset Management
United Kingdom
-$7.76M
Name Holding Trade Value Shares
Change 		Change in
Stake
SEI Investments
176
SEI Investments
Pennsylvania
– -$613K -35,339 Closed
WCM
177
Wedge Capital Management
North Carolina
– -$571K -32,904 Closed
CM
178
CastleKnight Management
New York
– -$570K -32,886 Closed
HSBC Holdings
179
HSBC Holdings
United Kingdom
– -$549K -31,626 Closed
VRS
180
Virginia Retirement Systems
Virginia
– -$449K -25,900 Closed
PP
181
PDT Partners
New York
– -$390K -22,489 Closed
Truist Financial
182
Truist Financial
North Carolina
– -$384K -22,143 Closed
PTC
183
Petrus Trust Company
Texas
– -$310K -17,892 Closed
CMF
184
Counterpoint Mutual Funds
California
– -$215K -12,376 Closed
SOW
185
State of Wyoming
Wyoming
– -$113K -6,533 Closed
Federated Hermes
186
Federated Hermes
Pennsylvania
– -$78.2K -4,510 Closed
GI
187
Gradient Investments
Minnesota
– -$10.9K -629 Closed
FHA
188
First Horizon Advisors
Tennessee
– -$2.72K -157 Closed
DI
189
Disciplined Investments
Oklahoma
– -$156 -9 Closed
SFG
190
Steward Financial Group
Texas
– +$567 +30 New
VF
191
VitalStone Financial
Texas
– +$586 +31 New
4 5 6 7
8

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.