Vault-13

ECHOSTAR CORP ECHO 3.875 11.30.30

NOTE 3.875%11/3 · GLOBAL · CUSIP 278768AB2

54 institutional holders +7 vs Q1 2026
42,191,72742.2m shares reported held*
$6.1bnreported value*
9 new 22 added 12 reduced 3 sold out net bought ≈ $183.6m (+7.5m shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $143.44.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q4 24: 58Q1 25: 60Q2 25: 49Q3 25: 49Q4 25: 49Q1 26: 47Q2 26: 5454Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 202458
Q1 202560
Q2 202549
Q3 202549
Q4 202549
Q1 202647
Q2 202654

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q1 25: 27 bought or addedQ1 25: 27 cut or sold outQ1 25Q2 25: 32 bought or addedQ2 25: 31 cut or sold outQ2 25Q3 25: 27 bought or addedQ3 25: 28 cut or sold outQ3 25Q4 25: 21 bought or addedQ4 25: 24 cut or sold outQ4 25Q1 26: 24 bought or addedQ1 26: 25 cut or sold outQ1 26Q2 26: 31 bought or addedQ2 26: 15 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 20252727
Q2 20253231
Q3 20252728
Q4 20252124
Q1 20262425
Q2 20263115

Biggest buyers

Apollo Management Holdings, L.P. Added +78,930,397+78.9m
Linden Advisors LP New +58,517,000+58.5m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +37,000,000+37.0m
Walleye Capital LLC Added +36,516,000+36.5m
Hudson Bay Capital Management LP Added +32,168,000+32.2m
LMR Partners LLP Added +22,855,836+22.9m
Sculptor Capital LP Added +19,500,000+19.5m
BNP PARIBAS FINANCIAL MARKETS New +13,778,237+13.8m
CAPSTONE INVESTMENT ADVISORS, LLC Added +13,200,000+13.2m
Ovata Capital Management Ltd New +12,500,000+12.5m

Biggest sellers

FMR LLC Reduced -164,347,878-164.3m
WELLS FARGO & COMPANY/MN Reduced -29,371,557-29.4m
Polar Asset Management Partners Inc. Reduced -24,850,000-24.9m
REDWOOD CAPITAL MANAGEMENT, LLC Reduced -21,130,000-21.1m
MILLENNIUM MANAGEMENT LLC Reduced -17,300,965-17.3m
Silver Point Capital L.P. Reduced -15,000,000-15.0m
BlueCrest Capital Management Ltd Reduced -13,238,000-13.2m
CYRUS CAPITAL PARTNERS, L.P. Reduced -9,775,000-9.8m
FRANKLIN RESOURCES INC Reduced -6,966,000-7.0m
Silver Rock Financial LP Sold out -6,362,522-6.4m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Apollo Management Holdings, L.P. 13.61% of their portfolio New York, NY 309,816,036309.8m $968.8m $968.8m 13.61% Added +78.9m +78,930,397
2 Hudson Bay Capital Management LP 2.40% of their portfolio STAMFORD, CT 163,372,072163.4m $511.2m $511.2m 2.40% Added +32.2m +32,168,000
3 LMR Partners LLP 3.74% of their portfolio LONDON, X0 163,274,522163.3m $508.9m $508.9m 3.74% Added +22.9m +22,855,836
4 WHITEBOX ADVISORS LLC 5.15% of their portfolio MINNEAPOLIS, MN 102,197,086102.2m $319.1m $319.1m 5.15% Unchanged
5 MILLENNIUM MANAGEMENT LLC 0.21% of their portfolio NEW YORK, NY 100,244,035100.2m $313.4m $313.4m 0.21% Reduced -17.3m -17,300,965
6 TWO SIGMA INVESTMENTS, LP 0.22% of their portfolio NEW YORK, NY 94,651,00094.7m $295.5m $295.5m 0.22% Added +10.5m +10,535,000
7 Aequim Alternative Investments LP 3.35% of their portfolio MILL VALLEY, CA 69,000,00069.0m $215.6m $215.6m 3.35% Unchanged
8 CAPSTONE INVESTMENT ADVISORS, LLC 1.43% of their portfolio NEW YORK, NY 65,588,00065.6m $205.0m $205.0m 1.43% Added +13.2m +13,200,000
9 Walleye Capital LLC 0.95% of their portfolio NEW YORK, NY 64,016,00064.0m $200.1m $200.1m 0.95% Added +36.5m +36,516,000
10 Monarch Alternative Capital LP 26.59% of their portfolio New York, NY 60,000,00060.0m $187.0m $187.0m 26.59% Unchanged
11 CITADEL ADVISORS LLC 0.11% of their portfolio MIAMI, FL 59,975,00060.0m $187.6m $187.6m 0.11% Added +5.0m +5,009,000
12 Linden Advisors LP 0.95% of their portfolio New York, NY 58,517,00058.5m $183.2m $183.2m 0.95% New
13 Sculptor Capital LP 1.87% of their portfolio New York, NY 57,500,00057.5m $180.3m $180.3m 1.87% Added +19.5m +19,500,000
14 Context Capital Management, LLC 3.47% of their portfolio LAJOLLA, CA 55,084,21755.1m $172.1m $172.1m 3.47% Added +396.0k +396,000
15 DLD Asset Management, LP 12.09% of their portfolio NEW YORK, NY 47,500,00047.5m $148.7m $148.7m 12.09% Added +7.5m +7,500,000
16 CSS LLC/IL 6.10% of their portfolio CHICAGO, IL 43,925,75343.9m $137.4m $137.4m 6.10% Added +3.0m +3,000,000
17 Silver Point Capital L.P. 11.57% of their portfolio Greenwich, CT 40,956,82441.0m $127.5m $127.5m 11.57% Reduced -15.0m -15,000,000
18 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio NEW YORK, NY 37,000,00037.0m $115.5m $115.5m 0.02% New
19 First Pacific Advisors, LP 1.41% of their portfolio EL SEGUNDO, CA 36,570,97436.6m $114.2m $114.2m 1.41% Unchanged
20 Polar Asset Management Partners Inc. 2.00% of their portfolio TORONTO, A6 35,000,00035.0m $109.5m $109.5m 2.00% Reduced -24.9m -24,850,000
21 CARRONADE CAPITAL MANAGEMENT, LP 1.49% of their portfolio DARIEN, CT 27,638,49627.6m $86.1m $86.1m 1.49% Added +2.1m +2,100,000
22 Capital World Investors 0.01% of their portfolio LOS ANGELES, CA 23,285,72923.3m $72.8m $72.8m 0.01% Unchanged
23 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 21,897,47021.9m $68.1m $68.1m 0.01% Reduced -29.4m -29,371,557
24 Mint Tower Capital Management B.V. 7.86% of their portfolio AMSTERDAM, P7 21,229,00021.2m $66.6m $66.6m 7.86% Added +1.4m +1,399,000
25 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 20,789,76520.8m $65.0m $65.0m 0.00% Added +4.7m +4,650,000
26 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 19,663,12619.7m $61.4m $61.4m 0.01% Reduced -7.0m -6,966,000
27 OAKTREE CAPITAL MANAGEMENT LP 1.06% of their portfolio LOS ANGELES, CA 18,000,00118.0m $56.3m $56.3m 1.06% Unchanged
28 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 13,778,23713.8m $43.0m $43.0m 0.02% New
29 Ovata Capital Management Ltd 2.94% of their portfolio HONG KONG, K3 12,500,00012.5m $39.2m $39.2m 2.94% New
30 FMR LLC 0.00% of their portfolio BOSTON, MA 11,434,89911.4m $35.7m $35.7m 0.00% Reduced -164.3m -164,347,878
31 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 8,238,7638.2m $257.5k $257.5k 0.00% New
32 Silver Rock Financial LP 42.84% of their portfolio Los Angeles, CA 6,362,5226.4m $19.9m $19.9m 42.84% New
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,324,5696.3m $19.7m $19.7m 0.00% Added +1.7m +1,744,103
34 Lombard Odier Asset Management (Europe) Ltd 0.66% of their portfolio LONDON, X0 4,926,0004.9m $15.4m $15.4m 0.66% New
35 CYRUS CAPITAL PARTNERS, L.P. 6.32% of their portfolio New York, NY 3,157,0273.2m $9.9m $9.9m 6.32% Reduced -9.8m -9,775,000
36 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 2,566,0002.6m $8.0m $8.0m 0.01% Added +661.0k +661,000
37 Benefit Street Partners LLC 8.70% of their portfolio NEW YORK, NY 1,970,0002.0m $6.1m $6.1m 8.70% Added +574.0k +574,000
38 REDWOOD CAPITAL MANAGEMENT, LLC 0.64% of their portfolio New York, NY 1,915,9061.9m $5.9m $5.9m 0.64% Reduced -21.1m -21,130,000
39 BlueCrest Capital Management Ltd 0.19% of their portfolio ST HELIER, Y9 1,455,0001.5m $4.6m $4.6m 0.19% Reduced -13.2m -13,238,000
40 Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio FRANKFURT AM MAIN, 2M 1,329,5061.3m $4.2m $4.2m 0.01% Added +255.0k +255,000
41 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 1,066,9231.1m $3.3m $3.3m 0.00% Added +970.0k +970,000
42 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 929,155929.2k $2.9m $2.9m 0.00% Added +8.0k +8,000
43 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 790,000790.0k $2.5m $2.5m 0.00% Added +197.0k +197,000
44 NOMURA HOLDINGS INC 0.27% of their portfolio TOKYO, M0 618,104618.1k $62.7m $62.7m 0.27% Unchanged
45 LOOMIS SAYLES & CO L P 0.07% of their portfolio BOSTON, MA 543,127543.1k $55.1m $55.1m 0.07% Reduced -1.0m -1,020,758
46 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 474,815474.8k $1.5m $1.5m 0.00% Reduced -144.9k -144,948
47 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 168,115168.1k $523.2k $523.2k 0.00% Unchanged
48 SG Americas Securities, LLC 0.02% of their portfolio NEW YORK, NY 110,790110.8k $34.1m $34.1m 0.02% New
49 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 104,173104.2k $325.4k $325.4k 0.00% Unchanged
50 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 74,08974.1k $230.9k $230.9k 0.00% Added +73.4k +73,378
51 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 57,00057.0k $178.4k $178.4k 0.01% Not comparable
52 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 45,00045.0k $140.9k $140.9k 0.00% New
53 Purpose Unlimited Inc. 0.00% of their portfolio TORONTO, A6 3,8423.8k $12.0k $12.0k 0.00% Unchanged
54 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8686 $269 $269 0.00% Reduced -135.0k -135,000