Which funds own ECHO
Echostar Corp in the Q2 2026 filings. At least 17 of the 89 current managers on file reported a position, worth $3.3bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. The quarter went one way: 12 managers opened or added against 6 cutting.
- Managers holding
- 17
- at least, of 89 current
- Combined value
- $3.3bn
- as reported
- Opened
- 1
- new this quarter
- Added to
- 11
- already held
- Trimmed or sold out
- 6
- 3 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Wellington Management Group LLP Long-only · $580bn book | $853m | 0.1% | 8,407,289 | -$17m+973,336 | Added |
| Hudson Bay Capital Management LP Multi-strategy · $36.8bn book | $511m | 1.4% | 163,372,072 | +$41m+32,168,000 | Added |
| Millennium Management LLC Multi-strategy · $276bn book | $313m | 0.1% | 100,244,035 | opened100,244,035 | New |
| Two Sigma Investments LP Quantitative · $138bn book | $296m | 0.2% | 94,651,000 | -$4.9m+10,535,000 | Added |
| Millennium Management LLC Multi-strategy · $276bn book | $256m | 0.1% | 2,520,287 | +$120m+1,359,835 | Added |
| Neuberger Berman Group LLC Long-only · $150bn book | $254m | 0.2% | 2,499,457 | +$166m+1,753,947 | Added |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $200m | 0.7% | 64,016,000 | +$102m+36,516,000 | Added |
| Davidson Kempner Capital Management LP Long/short equity · $8.4bn book | $199m | 2.4% | 1,958,478 | +$24m+466,900 | Added |
| Carl C. Icahn Activist · $8.3bn book | $143m | 1.7% | 1,404,542 | -$22m0 | Held |
| Voloridge Investment Management LLC Quantitative · $23.5bn book | $65m | 0.3% | 637,270 | +$25m+298,150 | Added |
| Oaktree Capital Management LP Activist · $7.2bn book | $56m | 0.8% | 18,000,001 | -$8.1m0 | Held |
| Hudson Bay Capital Management LP Multi-strategy · $36.8bn book | $47m | 0.1% | 457,719 | +$27m+292,565 | Added |
| Steadfast Capital Management LP Long/short equity · $3.3bn book | $42m | 1.3% | 415,200 | -$11m-34,527 | Trimmed |
| GAMCO Investors Inc Activist · $11.1bn book | $21m | 0.2% | 202,472 | +$3.4m+55,641 | Added |
| Brevan Howard Capital Management LP Macro · $13.5bn book | $12m | 0.1% | 117,896 | +$7.3m+78,033 | Added |
| Discovery Capital Management LLC Macro · $2.4bn book | $5.0m | 0.2% | 48,800 | -$43m-363,500 | Trimmed |
| Rokos Capital Management LLP Macro · $26.8bn book | $1.7m | 0.0% | 17,135 | -$110m-939,352 | Trimmed |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Sachem Head Capital Management LP · Activist$352m held before
- Freestone Grove Partners LP · Multi-strategy$52m held before
- Holocene Advisors LP · Long/short equity$44m held before
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Millennium Management LLC · calls$236m notional
- Verition Fund Management LLC · calls$29m notional
What ECHO is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around ECHO →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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