L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 22 Jan 2026
Managers listing it
39
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 11 listed it in both
Shares listed
30,219,782
combined, among listed positions
Reported value
$3.3bn
combined, at the quarter end

Among the 92 comparable managers: 26 buyers (opened or added shares) and 16 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -905,842.

Managers listing ECHO in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

39 of 39 holders

ActionFiling
Fidelity (FMR LLC)9,180,290$998m0.05%Added+3,994,38517 Feb 2026 (the filing on sec.gov)
Sachem Head Capital Management LP5,227,400$568m13.32%Newnew13 Feb 2026 (the filing on sec.gov)
Carl C. Icahn3,354,542$365m4.32%Trimmed-1,000,00017 Feb 2026 (the filing on sec.gov)
D1 Capital Partners LP1,855,800$202m1.88%Added+1,033,60017 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP1,435,531$156m0.14%Added+731,80613 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP1,282,407$139munder 0.1%Trimmed-315,78217 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC1,004,905$109m0.14%Added+875,86217 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP914,425$99m0.11%Trimmed-46,77017 Feb 2026 (the filing on sec.gov)
Davidson Kempner Capital Management LP723,678$79m0.92%Added+450,00017 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC703,411$76munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Invesco Ltd602,387$65munder 0.1%Trimmed-114,88419 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP587,338$64m0.13%Added+562,14017 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP479,261$52munder 0.1%Added+178,47817 Feb 2026 (the filing on sec.gov)
Millennium Management LLC414,823$45munder 0.1%Added+184,95717 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP347,535$38munder 0.1%Added+19,97117 Feb 2026 (the filing on sec.gov)
Rokos Capital Management LLP347,097$38m0.15%Newnew13 Feb 2026 (the filing on sec.gov)
Hudson Bay Capital Management LP212,928$23m0.08%Trimmed-243,99713 Feb 2026 (the filing on sec.gov)
Man Group PLC203,990$22munder 0.1%Added+29,99217 Feb 2026 (the filing on sec.gov)
MFS Investment Management188,219$20munder 0.1%Newnew22 Jan 2026 (the filing on sec.gov)
Renaissance Technologies LLC180,087$20munder 0.1%Trimmed-65,50012 Feb 2026 (the filing on sec.gov)
Discovery Capital Management LLC173,000$19m1.02%Added+54,10017 Feb 2026 (the filing on sec.gov)
GAMCO Investors Inc148,698$16m0.16%Added+67,6235 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc137,869$15munder 0.1%Added+7,33717 Feb 2026 (the filing on sec.gov)
Steadfast Capital Management LP136,400$15m0.25%Newnew17 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP61,999$6.7m0.05%Added+21,36917 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
4 in Q3 2024 to 16 in Q2 2026

Tracked managers listing it, at least.

01020302014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
ECHO by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20133$66mn.a.n.a.
Q3 20133$89mn.a.n.a.
Q4 20133$106mn.a.n.a.
Q1 20145$112mn.a.n.a.
Q2 20144$130mn.a.n.a.
Q3 20146$128mn.a.n.a.
Q4 20146$144mn.a.n.a.
Q1 20155$135mn.a.n.a.
Q2 20155$129mn.a.n.a.
Q3 20154$118mn.a.n.a.
Q4 20154$129mn.a.n.a.
Q1 20165$150mn.a.n.a.
Q2 20163$115mn.a.n.a.
Q3 20163$136mn.a.n.a.
Q4 20162$163mn.a.n.a.
Q1 20175$196mn.a.n.a.
Q2 20176$230mn.a.n.a.
Q3 20173$199mn.a.n.a.
Q4 20174$215mn.a.n.a.
Q1 20186$211mn.a.n.a.
Q2 20184$168mn.a.n.a.
Q3 20184$173mn.a.n.a.
Q4 20185$142mn.a.n.a.
Q1 20195$163mn.a.n.a.
Q2 20195$263mn.a.n.a.
Q3 20196$206mn.a.n.a.
Q4 20197$245mn.a.n.a.
Q1 20204$163mn.a.n.a.
Q2 20203$131mn.a.n.a.
Q3 20203$115mn.a.n.a.
Q4 20205$105mn.a.n.a.
Q1 20215$92mn.a.n.a.
Q2 20214$110mn.a.n.a.
Q3 20214$104mn.a.n.a.
Q4 20214$79mn.a.n.a.
Q1 20225$65mn.a.n.a.
Q2 20224$53mn.a.n.a.
Q3 20224$45mn.a.n.a.
Q4 20223$13mn.a.n.a.
Q1 20234$18mn.a.n.a.
Q2 20233$17mn.a.n.a.
Q3 20234$37mn.a.n.a.
Q4 20235$44m41
Q1 20243$205m22
Q2 20243$293m12
Q3 20244$404m13
Q4 20246$342m43
Q1 20255$374m23
Q2 20254$407m23
Q3 202514$1.6bn105
Q4 202518$2.8bn2616
Q1 202626$3.8bn2719
Q2 202616$2.4bn2022

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

ECHO and NFLX →ECHO and TMUS →ECHO and CMCSA →Choose a stock to compare with ECHO →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own ECHO, latest filings →Back to the 13F Explorer →