ECHO ranks #748 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
ECHO is a disclosed holding of Ken Griffin (Citadel Advisors LLC), one of the tracked superinvestors on AlphaSMO — it makes up 0.1% of that fund's own 13F portfolio.
ECHO is a top-conviction position for Cyrus Capital Partners, L.p. — at 65.3% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in ECHO belongs to BlackRock, Inc., but the position matters far more to Cyrus Capital Partners, L.p., who has 65.3% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Ken Griffin has added to its ECHO position for two straight quarters, increasing it by $706.4M to reach $1.1B today.
Diameter Capital Partners LP has trimmed its ECHO position for two straight quarters, cutting it by $374.7M while still holding $34.9M.
ECHO is up 0.8% today, and institutions have been net buyers of $4.6B this quarter — today's price move and the underlying institutional flow are pointing the same direction.