- 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
39 of 39 holders
Largest increases and reductions, by shares
Increases
- Sachem Head Capital Management LPnew position · 5,227,400 shares now+5,227,400
- Fidelity (FMR LLC)existing position · 9,180,290 shares now+3,994,385
- D1 Capital Partners LPexisting position · 1,855,800 shares now+1,033,600
- Balyasny Asset Management LLCexisting position · 1,004,905 shares now+875,862
- Marshall Wace LLPexisting position · 1,435,531 shares now+731,806
Reductions
- Dodge & Coxexisting position · 32,443 shares now-11,758,684
- Carl C. Icahnexisting position · 3,354,542 shares now-1,000,000
- D. E. Shaw & Co.existing position · 35,463 shares now-636,079
- Jane Street Group LLCexisting position · 4,715 shares now-520,349
- Susquehanna International Group LLPexisting position · 1,282,407 shares now-315,782
New positions and exits
New (9)
Exited (3)
- Oaktree Capital Management LPwas $46m
- Moore Capital Management LPwas $10m
- Brevan Howard Capital Management LPwas $8.1m
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q2 2013 | 3 | $66m | n.a. | n.a. |
| Q3 2013 | 3 | $89m | n.a. | n.a. |
| Q4 2013 | 3 | $106m | n.a. | n.a. |
| Q1 2014 | 5 | $112m | n.a. | n.a. |
| Q2 2014 | 4 | $130m | n.a. | n.a. |
| Q3 2014 | 6 | $128m | n.a. | n.a. |
| Q4 2014 | 6 | $144m | n.a. | n.a. |
| Q1 2015 | 5 | $135m | n.a. | n.a. |
| Q2 2015 | 5 | $129m | n.a. | n.a. |
| Q3 2015 | 4 | $118m | n.a. | n.a. |
| Q4 2015 | 4 | $129m | n.a. | n.a. |
| Q1 2016 | 5 | $150m | n.a. | n.a. |
| Q2 2016 | 3 | $115m | n.a. | n.a. |
| Q3 2016 | 3 | $136m | n.a. | n.a. |
| Q4 2016 | 2 | $163m | n.a. | n.a. |
| Q1 2017 | 5 | $196m | n.a. | n.a. |
| Q2 2017 | 6 | $230m | n.a. | n.a. |
| Q3 2017 | 3 | $199m | n.a. | n.a. |
| Q4 2017 | 4 | $215m | n.a. | n.a. |
| Q1 2018 | 6 | $211m | n.a. | n.a. |
| Q2 2018 | 4 | $168m | n.a. | n.a. |
| Q3 2018 | 4 | $173m | n.a. | n.a. |
| Q4 2018 | 5 | $142m | n.a. | n.a. |
| Q1 2019 | 5 | $163m | n.a. | n.a. |
| Q2 2019 | 5 | $263m | n.a. | n.a. |
| Q3 2019 | 6 | $206m | n.a. | n.a. |
| Q4 2019 | 7 | $245m | n.a. | n.a. |
| Q1 2020 | 4 | $163m | n.a. | n.a. |
| Q2 2020 | 3 | $131m | n.a. | n.a. |
| Q3 2020 | 3 | $115m | n.a. | n.a. |
| Q4 2020 | 5 | $105m | n.a. | n.a. |
| Q1 2021 | 5 | $92m | n.a. | n.a. |
| Q2 2021 | 4 | $110m | n.a. | n.a. |
| Q3 2021 | 4 | $104m | n.a. | n.a. |
| Q4 2021 | 4 | $79m | n.a. | n.a. |
| Q1 2022 | 5 | $65m | n.a. | n.a. |
| Q2 2022 | 4 | $53m | n.a. | n.a. |
| Q3 2022 | 4 | $45m | n.a. | n.a. |
| Q4 2022 | 3 | $13m | n.a. | n.a. |
| Q1 2023 | 4 | $18m | n.a. | n.a. |
| Q2 2023 | 3 | $17m | n.a. | n.a. |
| Q3 2023 | 4 | $37m | n.a. | n.a. |
| Q4 2023 | 5 | $44m | 4 | 1 |
| Q1 2024 | 3 | $205m | 2 | 2 |
| Q2 2024 | 3 | $293m | 1 | 2 |
| Q3 2024 | 4 | $404m | 1 | 3 |
| Q4 2024 | 6 | $342m | 4 | 3 |
| Q1 2025 | 5 | $374m | 2 | 3 |
| Q2 2025 | 4 | $407m | 2 | 3 |
| Q3 2025 | 14 | $1.6bn | 10 | 5 |
| Q4 2025 | 18 | $2.8bn | 26 | 16 |
| Q1 2026 | 26 | $3.8bn | 27 | 19 |
| Q2 2026 | 16 | $2.4bn | 20 | 22 |
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 →