ECHOSTAR CORP ECHO
CL A · Common Stock · CUSIP 278768106 · ISIN US2787681061
Global satellite services provider
- SectorCommunication
- IndustryCommunications Services, NEC
- HeadquartersEnglewood, CO
- Founded1980
- Websiteechostar.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.81. Options: 22 managers hold calls ($67.6m notional), 29 hold puts ($176.5m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 189 |
| Q4 2022 | 185 |
| Q1 2023 | 184 |
| Q2 2023 | 163 |
| Q3 2023 | 166 |
| Q4 2023 | 175 |
| Q1 2024 | 268 |
| Q2 2024 | 259 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 73 | 84 |
| Q1 2023 | 88 | 78 |
| Q2 2023 | 62 | 95 |
| Q3 2023 | 75 | 81 |
| Q4 2023 | 115 | 73 |
| Q1 2024 | 225 | 69 |
| Q2 2024 | 94 | 132 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $5.7m | $3.9m | 0.69 |
| Q4 2023 | $51.8m | $93.0m | 1.79 |
| Q1 2024 | $73.4m | $191.6m | 2.61 |
| Q2 2024 | $67.6m | $176.5m | 2.61 |
Biggest buyers
| Silver Point Capital L.P. | Added | +2.7m |
| SOROS FUND MANAGEMENT LLC | Added | +2.2m |
| Darsana Capital Partners LP | New | +2.1m |
| REDWOOD CAPITAL MANAGEMENT, LLC | Added | +1.4m |
| AMERICAN CENTURY COMPANIES INC | Added | +762.5k |
| Nut Tree Capital Management, LP | New | +500.0k |
| Monarch Alternative Capital LP | Added | +354.0k |
| JANE STREET GROUP, LLC | Added | +199.2k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +173.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +129.0k |
Biggest sellers
| MORGAN STANLEY | Reduced | -3.0m |
| GOLDENTREE ASSET MANAGEMENT LP | Reduced | -1.6m |
| Empyrean Capital Partners, LP | Sold out | -1.2m |
| JPMORGAN CHASE & CO | Reduced | -1.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -484.2k |
| NORGES BANK | Sold out | -471.6k |
| BlackRock Inc. | Reduced | -386.0k |
| Diameter Capital Partners LP | Reduced | -379.1k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -297.6k |
| Empowered Funds, LLC | Reduced | -263.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $23.7m1.3m shares |
| GROUP ONE TRADING LLC | Reduced | $9.4m529.9k shares |
| CITADEL ADVISORS LLC | Reduced | $9.0m504.0k shares |
| BARCLAYS PLC | New | $5.2m291.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.2m180.5k shares |
| IMC-Chicago, LLC | Added | $2.8m156.4k shares |
| Walleye Trading LLC | Reduced | $2.6m146.8k shares |
| WOLVERINE TRADING, LLC | Added | $2.6m146.2k shares |
| JPMORGAN CHASE & CO | Added | $2.0m111.8k shares |
| Crescent Park Management, L.P. | New | $979.5k55.0k shares |
Biggest puts
| LMR Partners LLP | Unchanged | $41.8m2.9m shares |
| GROUP ONE TRADING LLC | Reduced | $18.2m1.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $14.5m812.3k shares |
| Sculptor Capital LP | Unchanged | $13.2m743.0k shares |
| Man Group plc | Added | $12.2m686.4k shares |
| III Capital Management | Reduced | $9.6m540.2k shares |
| Brevan Howard Capital Management LP | Added | $7.6m428.0k shares |
| CITADEL ADVISORS LLC | Reduced | $6.9m387.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $6.6m372.2k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $6.4m357.7k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
ERGEN CHARLES W
13D · may seek influence
no change · filed 2026-07-31
Stated purposeItem 4 is hereby amended and supplemented as follows: During the third quarter of each year, Mr. Ergen receives an annuity amount from the 2025 July GRAT, assuming that the 2025 July GRAT has not expired. The number of shares of Class B Common Stock to be distributed as an annuity payment is based in part on the price of the Class A Common Stock on the distribution date and therefore cannot be calculated until the date of distribution. In addition to shares of Class B Common Stock, the annuity payments (and their associated timing) may include, and be based upon, amounts generated from the holdings of the 2025 July GRAT including, among other things, stock recapitalizations or dividends paid or payable with respect to the shares of Class B Common Stock held by the 2025 July GRAT. On July … Full filing |
50.9% |
| STATE STREET CORP 13G · institution -2.5 pts · filed 2026-08-07 | 6.7% |
| BlackRock, Inc. 13G · institution -2.0 pts · filed 2026-07-28 | 6.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.2% |
| WELLINGTON MANAGEMENT GROUP LLP 13G · institution +5.2 pts · filed 2026-08-13 | 5.3% |
Fell to 5% or below in the last year: FMR LLC (1.8%, 2026-07-08), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC), Darsana Capital Partners LP (4.5%, 2026-02-17), DODGE & COX (0.0%, 2026-02-13), REDWOOD CAPITAL MANAGEMENT, LLC (3.6%, 2025-11-17)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 1 | $37.1k | — |
| Q1 2024 | 1 | $2.7m | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.01% of their portfolio | 19.2m $341.7m | Reduced -386.0k |
| VANGUARD GROUP INC 0.00% of their portfolio | 13.6m $241.7m | Reduced -137.2k |
| Dodge & Cox 0.14% of their portfolio | 13.6m $241.6m | Reduced -92.2k |
| REDWOOD CAPITAL MANAGEMENT, LLC 16.20% of their portfolio | 5.9m $105.4m | Added +1.4m |
| STATE STREET CORP 0.00% of their portfolio | 4.7m $83.9m | Reduced -146.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 3.6m $64.3m | Reduced -484.2k |
| Silver Point Capital L.P. 4.87% of their portfolio | 3.2m $57.4m | Added +2.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.0m $53.6m | Added +173.7k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.6m $46.6m | Reduced -154.4k |
| SOROS FUND MANAGEMENT LLC 0.98% of their portfolio | 2.4m $43.4m | Added +2.2m |
| Quaker Capital Investments, LLC 14.15% of their portfolio | 2.4m $42.9m | Reduced -4.9k |
| 140 Summer Partners LP 5.19% of their portfolio | 2.4m $42.9m | Reduced -228.9k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 2.2m $40.0m | Added +762.5k |
| Pennant Select, LLC 27.83% of their portfolio | 2.2m $39.7m | Unchanged |
| Pennant Investors, LP 10.47% of their portfolio | 2.2m $38.3m | Unchanged |
| Darsana Capital Partners LP 1.01% of their portfolio | 2.1m $36.9m | New |
| Invesco Ltd. 0.01% of their portfolio | 1.9m $34.6m | Reduced -227.2k |
| FMR LLC 0.00% of their portfolio | 1.9m $33.9m | Reduced -7.9k |
| Monarch Alternative Capital LP 14.77% of their portfolio | 1.9m $33.0m | Added +354.0k |
| MORGAN STANLEY 0.00% of their portfolio | 1.7m $30.2m | Reduced -3.0m |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 1.3m $23.8m | Reduced -165.7k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.35% of their portfolio | 1.2m $21.5m | Reduced -20.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.2m $21.5m | Added +10.7k |
| Long Focus Capital Management, LLC 2.02% of their portfolio | 1.1m $19.5m | Reduced -178.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.0m $17.8m | Added +29.6k |
| GOLDENTREE ASSET MANAGEMENT LP 1.28% of their portfolio | 865.0k $15.4m | Reduced -1.6m |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 842.6k $15.0m | Reduced -297.6k |
| Diameter Capital Partners LP 3.33% of their portfolio | 806.0k $14.4m | Reduced -379.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 797.1k $14.2m | Added +116.1k |
| Apollo Management Holdings, L.P. 0.23% of their portfolio | 722.6k $12.9m | Reduced -14.8k |
| Palestra Capital Management LLC 0.50% of their portfolio | 717.1k $12.8m | Unchanged |
| Columbus Hill Capital Management, L.P. 2.45% of their portfolio | 670.9k $11.9m | Reduced -30.0k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.27% of their portfolio | 640.6k $11.4m | Added +22.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 594.8k $10.6m | Reduced -30.8k |
| Nut Tree Capital Management, LP 2.30% of their portfolio | 500.0k $8.9m | New |
| GAMCO INVESTORS, INC. ET AL 0.09% of their portfolio | 474.8k $8.5m | Reduced -83.7k |
| GABELLI FUNDS LLC 0.05% of their portfolio | 394.6k $7.0m | Reduced -175.8k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 390.1k $6.9m | Added +2.4k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 367.7k $6.5m | Reduced -10.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 330.6k $5.9m | Reduced -18.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 330.5k $5.9m | Reduced -1.0m |
| Legal & General Group Plc 0.00% of their portfolio | 319.4k $5.7m | Reduced -11.5k |
| Empowered Funds, LLC 0.09% of their portfolio | 307.8k $5.5m | Reduced -263.2k |
| BARCLAYS PLC 0.00% of their portfolio | 290.4k $5.2m | Reduced -218.9k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 265.3k $4.7m | Added +18.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 259.8k $4.6m | Added +45.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 257.3k $4.6m | Added +129.0k |
| Swiss National Bank 0.00% of their portfolio | 248.1k $4.4m | Added +13.1k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 233.6k $4.2m | Added +199.2k |
| UBS Group AG 0.00% of their portfolio | 224.2k $4.0m | Added +106.8k |
| PLUSTICK MANAGEMENT LLC 3.11% of their portfolio | 193.4k $3.4m | Unchanged |
| III Capital Management 0.19% of their portfolio | 190.3k $3.4m | Reduced -114.9k |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 180.8k $3.2m | Reduced -25.9k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 169.6k $3.0m | Reduced -14.9k |
| HAP Trading, LLC 1.32% of their portfolio | 169.5k $3.0m | Added +81.5k |
| JAT Capital Mgmt LP 0.42% of their portfolio | 151.8k $2.7m | Reduced -35.5k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 150.0k $2.7m | Added +41.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 133.7k $2.4m | Reduced -2.6k |
| CITIGROUP INC 0.00% of their portfolio | 124.0k $2.2m | Reduced -10.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 122.8k $2.2m | Added +3.4k |
| LMR Partners LLP 0.04% of their portfolio | 118.0k $2.1m | Unchanged |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 116.0k $2.1m | Added +11.5k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 115.4k $2.1m | Added +62 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 115.4k $2.1m | Unchanged |
| Permit Capital, LLC 0.70% of their portfolio | 105.3k $1.9m | Unchanged |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 102.8k $1.8m | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 101.5k $1.8m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 99.4k $1.8m | Reduced -553 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 95.2k $1.7m | New |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.14% of their portfolio | 92.6k $1.6m | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 87.9k $1.6m | Reduced -111.5k |
| ALGERT GLOBAL LLC 0.05% of their portfolio | 86.1k $1.5m | Added +69.9k |
| Penserra Capital Management LLC 0.02% of their portfolio | 81.0k $1.4m | Reduced -41.0k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 80.3k $1.4m | Reduced -26.9k |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 70.8k $1.3m | Reduced -2.6k |
| Corebridge Financial, Inc. 0.01% of their portfolio | 70.6k $1.3m | First filing |
| MetLife Investment Management, LLC 0.01% of their portfolio | 69.9k $1.2m | Added +5.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 69.6k $1.2m | Added +2.2k |
| Illinois Municipal Retirement Fund 0.02% of their portfolio | 67.3k $1.2m | Added +1.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 67.2k $1.2m | Reduced -39.5k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 66.5k $1.2m | Reduced -648 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 65.6k $1.2m | Added +489 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 61.8k $1.1m | First filing |
| Louisiana State Employees Retirement System 0.02% of their portfolio | 60.7k $1.1m | Added +1.1k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 55.8k $993.8k | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 54.8k $975.3k | Reduced -4.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 52.4k $933.6k | Added +732 |
| Tower Research Capital LLC (TRC) 0.02% of their portfolio | 50.7k $902.1k | Added +40.6k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 49.9k $887.9k | Reduced -9.1k |
| YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 48.3k $860.0k | Reduced -5.7k |
| GILDER GAGNON HOWE & CO LLC 0.01% of their portfolio | 47.2k $840.8k | Reduced -353 |
| Ensign Peak Advisors, Inc 0.00% of their portfolio | 46.8k $832.6k | New |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 45.9k $818.0k | New |
| COMERICA BANK 0.00% of their portfolio | 45.8k $815.9k | Reduced -5.6k |
| GROUP ONE TRADING LLC 0.02% of their portfolio | 44.2k $787.9k | New |
| WOLVERINE TRADING, LLC 0.01% of their portfolio | 42.7k $760.0k | Reduced -1.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 42.1k $750.5k | Added +17.1k |
| Maryland State Retirement & Pension System 0.01% of their portfolio | 42.0k $748.6k | Reduced -1.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 41.6k $741.1k | Unchanged |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 40.7k $724.3k | Reduced -7.7k |