EchoStar
ECHO
174 hedge funds and large institutions have $1.87B invested in EchoStar in 2014 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 78 increasing their positions, 48 reducing their positions, and 30 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 48
4% less capital invested
Capital invested by funds: $1.96B → $1.87B (-$84.7M)
4% less funds holding
Funds holding: 182 → 174 (-8)
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
23% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 30
78% less call options, than puts
Call options by funds: $386K | Put options by funds: $1.76M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$47.5M |
| 2 |
Renaissance Technologies
New York
|
+$12.4M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$11.9M |
| 4 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$11.6M |
| 5 |
Goldman Sachs
New York
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$31.4M |
| 2 |
HCM
Highbridge Capital Management
New York
|
-$30.5M |
| 3 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
-$30.2M |
| 4 |
GF
Gerstein Fisher
New York
|
-$15.6M |
| 5 |
Westfield Capital Management
Boston,
Massachusetts
|
-$15.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BBHC
201
Brown Brothers Harriman & Co
New York
| – | -$2K | -53 | Closed |
|
202
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$2K | -49 | Closed |
|
203
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$2K | -39 | Closed |
|
ECHO Hedge Fund Activity: Q1 2014 in Review
174 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in EchoStar (ECHO) for Q1 2014, worth a combined $1.87B — down 4.3% from $1.96B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of ECHO and 23 opened new positions — a net loss of 7 holders — while 48 trimmed existing stakes and 78 added.
The largest buyer was Putnam Investments, adding an estimated $47.5M. The largest seller was Eagle Asset Management, exiting entirely with an estimated $31.4M sold.
- 174 institutional investors held EchoStar (ECHO) as of Q1 2014, down from 182 in Q4 2013.
- Funds reported $1.87B of EchoStar stock for Q1 2014, down 4.3% quarter-over-quarter.
- 23 funds opened new EchoStar positions in Q1 2014 and 30 closed out, a net change of -7 holders.
- The largest EchoStar buyer in Q1 2014 was Putnam Investments, an estimated $47.5M added.
- The largest EchoStar seller in Q1 2014 was Eagle Asset Management, an estimated $31.4M sold.
Based on aggregated 13F filings for Q1 2014.