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 ($41.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $101.51. Options: 81 managers hold calls ($3.6bn notional), 46 hold puts ($2.1bn).
Trends to Q2 2026
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 |
| Q3 2024 | 277 |
| Q4 2024 | 285 |
| Q1 2025 | 308 |
| Q2 2025 | 293 |
| Q3 2025 | 403 |
| Q4 2025 | 552 |
| Q1 2026 | 664 |
| Q2 2026 | 703 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 115 | 120 |
| Q4 2024 | 124 | 122 |
| Q1 2025 | 152 | 117 |
| Q2 2025 | 146 | 141 |
| Q3 2025 | 262 | 137 |
| Q4 2025 | 345 | 180 |
| Q1 2026 | 432 | 225 |
| Q2 2026 | 411 | 327 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $2.0bn | $1.3bn | 0.68 |
| Q4 2025 | $2.1bn | $890.1m | 0.42 |
| Q1 2026 | $2.6bn | $1.4bn | 0.55 |
| Q2 2026 | $3.6bn | $2.1bn | 0.57 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +2.9m |
| Value Aligned Research Advisors, LLC | New | +1.9m |
| Apollo Management Holdings, L.P. | Added | +1.8m |
| NEUBERGER BERMAN GROUP LLC | Added | +1.8m |
| GOLDMAN SACHS GROUP INC | Added | +1.6m |
| Pentwater Capital Management LP | Added | +1.5m |
| Tidal Investments LLC | Added | +1.5m |
| UBS Group AG | Added | +1.5m |
| Arini Capital Management Ltd | Added | +1.4m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.4m |
Biggest sellers
| FMR LLC | Reduced | -8.7m |
| BlackRock, Inc. | Reduced | -6.1m |
| STATE STREET CORP | Reduced | -3.9m |
| Sachem Head Capital Management LP | Sold out | -3.0m |
| JPMORGAN CHASE & CO | Reduced | -2.7m |
| Darsana Capital Partners LP | Reduced | -2.0m |
| Diameter Capital Partners LP | Reduced | -1.1m |
| Atreides Management, LP | Sold out | -1.0m |
| Rokos Capital Management LLP | Reduced | -939.4k |
| Silver Point Capital L.P. | Sold out | -707.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $714.2m7.0m shares |
| CITADEL ADVISORS LLC | Added | $364.0m3.6m shares |
| Walleye Trading LLC | Added | $305.0m3.0m shares |
| JANE STREET GROUP, LLC | Added | $268.8m2.6m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $235.9m2.3m shares |
| BARCLAYS PLC | Added | $212.6m2.1m shares |
| IMC-Chicago, LLC | Added | $160.5m1.6m shares |
| GROUP ONE TRADING LLC | Added | $144.0m1.4m shares |
| LMR Partners LLP | Added | $95.2m938.0k shares |
| Troluce Capital Advisors LLC | New | $86.3m850.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $395.3m3.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $357.1m3.5m shares |
| JANE STREET GROUP, LLC | Added | $156.5m1.5m shares |
| Walleye Trading LLC | Added | $143.8m1.4m shares |
| GOLDMAN SACHS GROUP INC | Added | $131.5m1.3m shares |
| IMC-Chicago, LLC | Added | $106.3m1.0m shares |
| Pentwater Capital Management LP | Added | $73.1m720.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $71.9m708.2k shares |
| CITIGROUP INC | Added | $63.8m628.9k shares |
| GROUP ONE TRADING LLC | Added | $61.1m601.9k 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 since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $43.5m | 0 | — | — |
| Q1 2025 | 0 | — | 1 | $150.2k | $150.2k |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 6 | $46.5m | $5.6m |
| Q4 2025 | 1 | $68.1k | 3 | $31.8m | $30.1m |
| Q1 2026 | 0 | — | 3 | $15.5m | — |
| Q2 2026 | 0 | — | 2 | $8.9m | $8.9m |
| Q3 2026 | 0 | — | 2 | $1.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-13 | Wade William David Director | Sold | $221.8k2.4k shares |
| 2026-08-12 | Wade William David Director | Sold | $238.6k2.6k shares |
| 2026-08-07 | BYE STEPHEN J Director | Sold | $764.3k8.5k shares |
| 2026-06-12 | Manson Dean CHIEF LEGAL OFFICER | Sold plan | $1.3m10.0k shares |
| 2026-06-05 | Akhavan Hamid CEO, EchoStar Capital, director | Sold plan | $6.4m52.6k shares |
| 2026-06-04 | Manson Dean CHIEF LEGAL OFFICER | Sold plan | $1.2m10.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 12.7m $1.3bn | Reduced -6.1m |
| STATE STREET CORP 0.03% of their portfolio | 10.7m $1.1bn | Reduced -3.9m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 8.8m $897.4m | Added +147.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.15% of their portfolio | 8.4m $853.3m | Added +973.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.03% of their portfolio | 5.9m $598.9m | Reduced -505.8k |
| Darsana Capital Partners LP 2.28% of their portfolio | 5.0m $507.5m | Reduced -2.0m |
| UBS Group AG 0.08% of their portfolio | 4.9m $496.1m | Added +1.5m |
| Arini Capital Management Ltd 33.68% of their portfolio | 4.8m $491.2m | Added +1.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 4.0m $401.2m | Reduced -707.0k |
| Pentwater Capital Management LP 3.13% of their portfolio | 3.9m $391.8m | Added +1.5m |
| Apollo Management Holdings, L.P. 5.27% of their portfolio | 3.7m $375.4m | Added +1.8m |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 3.7m $373.3m | Added +1.6m |
| CITADEL ADVISORS LLC 0.20% of their portfolio | 3.4m $345.4m | Added +2.9m |
| Invesco Ltd. 0.02% of their portfolio | 2.8m $283.1m | Added +279.0k |
| Contrarius Group Holdings Ltd 11.96% of their portfolio | 2.6m $259.6m | Added +675.6k |
| FMR LLC 0.01% of their portfolio | 2.5m $258.5m | Reduced -8.7m |
| MILLENNIUM MANAGEMENT LLC 0.17% of their portfolio | 2.5m $255.8m | Added +1.4m |
| NEUBERGER BERMAN GROUP LLC 0.17% of their portfolio | 2.5m $253.7m | Added +1.8m |
| SONA ASSET MANAGEMENT (US) LLC 8.67% of their portfolio | 2.3m $232.2m | Added +420.9k |
| MORGAN STANLEY 0.01% of their portfolio | 2.2m $224.3m | Added +242.4k |
| STONEHILL CAPITAL MANAGEMENT LLC 57.75% of their portfolio | 2.0m $202.2m | Added +1.2m |
| Davidson Kempner Capital Management LP 3.19% of their portfolio | 2.0m $198.8m | Added +466.9k |
| BARCLAYS PLC 0.06% of their portfolio | 1.9m $196.3m | Added +317.3k |
| Value Aligned Research Advisors, LLC 1.16% of their portfolio | 1.9m $193.4m | New |
| NORGES BANK 0.02% of their portfolio | 1.8m $183.8m | Not comparable |
| Monarch Alternative Capital LP 23.53% of their portfolio | 1.6m $165.5m | Added +799.5k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.6m $160.2m | Reduced -2.7m |
| Tidal Investments LLC 0.39% of their portfolio | 1.6m $159.3m | Added +1.5m |
| Tema ETFs LLC 5.05% of their portfolio | 1.5m $156.2m | First filing |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.5m $154.5m | Reduced -370.2k |
| ICAHN CARL C 1.73% of their portfolio | 1.4m $142.6m | Unchanged |
| VAN ECK ASSOCIATES CORP 0.08% of their portfolio | 1.4m $139.0m | Added +681.4k |
| REDWOOD CAPITAL MANAGEMENT, LLC 13.90% of their portfolio | 1.3m $128.9m | Reduced -314.8k |
| CITIGROUP INC 0.06% of their portfolio | 1.2m $124.1m | Added +200.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.07% of their portfolio | 1.2m $123.5m | Added +1.2m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.2m $122.2m | Reduced -574.6k |
| JANE STREET GROUP, LLC 0.08% of their portfolio | 1.2m $118.4m | Added +1.2m |
| LMR Partners LLP 0.85% of their portfolio | 1.1m $115.3m | Reduced -35.8k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.0m $105.8m | Reduced -26.9k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.0m $105.6m | Added +228.0k |
| Attestor Capital Ltd 29.98% of their portfolio | 1.0m $105.0m | Reduced -127.5k |
| CYRUS CAPITAL PARTNERS, L.P. 65.34% of their portfolio | 1.0m $102.0m | Added +428.1k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 985.5k $100.0m | Added +216.3k |
| GILDER GAGNON HOWE & CO LLC 0.96% of their portfolio | 913.0k $92.7m | Reduced -261.0k |
| MAPLELANE CAPITAL, LLC 3.74% of their portfolio | 880.0k $89.3m | New |
| EVERGREEN CAPITAL MANAGEMENT LLC 1.48% of their portfolio | 831.6k $84.4m | Added +542.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 787.2k $79.9m | Added +289.3k |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 780.3k $79.2m | Reduced -12.4k |
| Point72 Asset Management, L.P. 0.12% of their portfolio | 772.4k $78.4m | Added +367.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio | 767.8k $77.9m | Reduced -135.5k |
| Mirae Asset Global Investments Co., Ltd. 0.14% of their portfolio | 727.1k $73.8m | Added +700.0k |
| Sculptor Capital LP 0.74% of their portfolio | 700.0k $71.0m | Reduced -549.5k |
| CARRONADE CAPITAL MANAGEMENT, LP 1.23% of their portfolio | 697.7k $70.8m | Added +114.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.28% of their portfolio | 637.3k $64.7m | Added +298.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 588.0k $59.7m | Reduced -105.3k |
| Clear Street Group Inc. 0.18% of their portfolio | 570.4k $57.9m | Added +460.9k |
| Troluce Capital Advisors LLC 20.67% of their portfolio | 543.6k $55.2m | Reduced -56.4k |
| Penserra Capital Management LLC 0.41% of their portfolio | 531.3k $53.9m | Added +189.3k |
| BlueCrest Capital Management Ltd 2.26% of their portfolio | 522.0k $53.0m | New |
| Two Seas Capital LP 1.95% of their portfolio | 503.0k $51.1m | Added +120.8k |
| Capula Management Ltd 0.22% of their portfolio | 501.8k $50.9m | Not comparable |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 483.3k $49.1m | Reduced -162.3k |
| HENNESSY ADVISORS INC 1.55% of their portfolio | 476.9k $48.4m | Unchanged |
| Hudson Bay Capital Management LP 0.22% of their portfolio | 457.7k $46.5m | Added +292.6k |
| Nuveen, LLC 0.01% of their portfolio | 452.9k $46.0m | Reduced -86.0k |
| FOURSIXTHREE CAPITAL LP 9.33% of their portfolio | 440.1k $44.7m | Added +302.1k |
| CAPITAL FUND MANAGEMENT S.A. 0.31% of their portfolio | 433.0k $43.9m | New |
| Pennant Select, LLC 19.03% of their portfolio | 422.0k $42.8m | Unchanged |
| JUPITER ASSET MANAGEMENT LTD 0.21% of their portfolio | 421.4k $42.8m | Added +418.4k |
| Legal & General Group Plc 0.01% of their portfolio | 416.5k $42.3m | Added +42.0k |
| STEADFAST CAPITAL MANAGEMENT LP 1.29% of their portfolio | 415.2k $42.1m | Reduced -34.5k |
| Amundi 0.01% of their portfolio | 411.9k $41.8m | Added +63.8k |
| MENORA MIVTACHIM HOLDINGS LTD. 0.16% of their portfolio | 398.0k $40.4m | New |
| Ardmore Road Asset Management LP 2.35% of their portfolio | 395.0k $40.1m | New |
| Lancaster Investment Management 24.12% of their portfolio | 393.0k $39.9m | New |
| GABELLI FUNDS LLC 0.25% of their portfolio | 387.7k $39.3m | Added +98.1k |
| Columbus Hill Capital Management, L.P. 4.35% of their portfolio | 385.6k $39.1m | Added +192.4k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 384.7k $39.0m | Added +60.7k |
| Swiss National Bank 0.02% of their portfolio | 366.6k $37.2m | Reduced -46.4k |
| Marble Bar Asset Management LLP 25.37% of their portfolio | 360.4k $36.6m | Added +324.5k |
| Man Group plc 0.06% of their portfolio | 347.1k $35.2m | Added +41.3k |
| Atika Capital Management LLC 3.34% of their portfolio | 331.4k $33.6m | Added +149.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 328.0k $33.3m | Added +22.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 327.7k $33.3m | Added +22.4k |
| Diameter Capital Partners LP 3.53% of their portfolio | 326.8k $33.2m | Reduced -1.1m |
| PLUSTICK MANAGEMENT LLC 13.98% of their portfolio | 325.0k $33.0m | Reduced -65.0k |
| BW Gestao de Investimentos Ltda. 0.79% of their portfolio | 320.7k $32.6m | Reduced -19.8k |
| HRT FINANCIAL LP 0.08% of their portfolio | 313.7k $31.8m | New |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 299.3k $30.4m | Added +71.0k |
| Foundations Investment Advisors, LLC 0.30% of their portfolio | 291.4k $29.6m | New |
| Ilex Capital Partners (UK) LLP 0.60% of their portfolio | 290.4k $29.5m | New |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 286.1k $29.0m | Added +214.0k |
| Vanguard Global Advisers, LLC 0.01% of their portfolio | 286.0k $29.0m | Reduced -1.4k |
| Pennant Investors, LP 8.24% of their portfolio | 271.9k $27.6m | Reduced -103.5k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 266.7k $27.1m | Added +35.2k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 252.4k $25.6m | Reduced -329.8k |
| Marex Group Ltd 0.19% of their portfolio | 246.2k $25.0m | Added +213.7k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.08% of their portfolio | 243.9k $24.8m | Reduced -187.0k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 237.7k $24.1m | Added +77.8k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 233.9k $23.7m | Added +5.7k |