EchoStar
ECHO
178 hedge funds and large institutions have $1.44B invested in EchoStar in 2020 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 62 increasing their positions, 53 reducing their positions, and 41 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 53
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
2.9% less ownership
Funds ownership: 92.55% → 89.65% (-2.9%)
6% less funds holding
Funds holding: 190 → 178 (-12)
20% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 41
25% less call options, than puts
Call options by funds: $3.71M | Put options by funds: $4.94M
28% less capital invested
Capital invested by funds: $2B → $1.44B (-$565M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$34.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$32.2M |
| 3 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$27.3M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
+$10.3M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$46.5M |
| 2 |
TIM
Thornburg Investment Management
Santa Fe,
New Mexico
|
-$38.3M |
| 3 |
GC
Greenlight Capital
New York
|
-$29.3M |
| 4 |
FTCM
Fir Tree Capital Management
New York
|
-$28.7M |
| 5 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$19.8M |
ECHO Hedge Fund Activity: Q1 2020 in Review
178 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in EchoStar (ECHO) for Q1 2020, worth a combined $1.44B — down 28% from $2B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of ECHO and 33 opened new positions — a net loss of 8 holders — while 53 trimmed existing stakes and 62 added.
The largest buyer was Bank of America, adding an estimated $34.2M. The largest seller was Putnam Investments, cutting an estimated $46.5M.
- 178 institutional investors held EchoStar (ECHO) as of Q1 2020, down from 190 in Q4 2019.
- Funds reported $1.44B of EchoStar stock for Q1 2020, down 28% quarter-over-quarter.
- 33 funds opened new EchoStar positions in Q1 2020 and 41 closed out, a net change of -8 holders.
- The largest EchoStar buyer in Q1 2020 was Bank of America, an estimated $34.2M added.
- The largest EchoStar seller in Q1 2020 was Putnam Investments, an estimated $46.5M sold.
Based on aggregated 13F filings for Q1 2020.