EchoStar Corporation

The full register, from 13F filings

The Register tab above is hand research: a dozen holders, each traced to the filing it came from. This asks the same question of the whole market for the quarter ended 31-mar-2026, where 653 managers reported a position. Broad where the research is deep, and shallow in the ways a 13F always is.

Built from 13F filings, which report US listed, long, US custodied positions only. A register from this source is a floor rather than a level: a holder's true position can be far larger, as BlackRock's ASML stake shows at 1.28m shares in a 13F against 26.3m in its 13G/A. Holdings held through derivatives, outside US custody, or below a manager's reporting obligation do not appear. Where a holder is marked as a family, its total sums several separate filing entities and describes something no single filing describes; the constituent entities and their share counts are listed so the total can be checked. That roll-up can legitimately exceed the family's own Schedule 13G, because a 13G is filed by one legal entity: Vanguard reports Alphabet through ten advisory entities, and The Vanguard Group Inc itself reported zero after its January 2026 disaggregation.

What a reader needs to know to read these numbers

• ONE INSTRUMENT, ONE BASIS: every pct_of_company in this file is computed against total common shares outstanding, both classes combined (290,490,708 shares: 159,142,240 Class A + 131,348,468 Class B), taken from the Q2 2026 10-Q cover page dated 21 Jul 2026. Institutional 13F filers hold Class A only (13F CUSIP 278768106); their pct_of_company here is shares divided by the TOTAL company denominator, not by Class A outstanding alone, per the brief's warning. The Ergen family row mixes both classes as actually beneficially held (17.3m Class A-equivalent plus effectively all 131,348,468 Class B shares); shares reflects the combined total, not a single-class count, since Class B converts 1-for-1 into Class A at any time and the row is meant to show Ergen's true combined economic position on the chosen denominator.
• ERGEN ROW SOURCING: shares=148,681,347 is Charles W. Ergen's own 'aggregate amount owned' from the joint Schedule 13D/A (Amendment No. 69, CIK 0000904548, dated 29 Jul 2026), which is a group filing with his spouse Cantey M. Ergen, five family GRATs, Telluray Holdings LLC, and CONX Corp (via nXgen Opportunities LLC). This is deliberately preferred over the March 2025 DEF 14A proxy's 'All Directors and Executive Officers as a Group (16 persons)' figures (Class A 155,154,775 / 55.7% of Class A / 91.0% of the vote; Class B 131,348,468 / 100%), which are 16 months stale and were computed on an older Class A share count. The two are consistent in substance (both show the Ergen family holding effectively 100% of Class B), and the proxy explicitly notes 'Shares and Class B Shares beneficially owned by both Mr. and Mrs. Ergen are only included once in calculating the aggregate number of shares owned by directors and executive officers as a group,' i.e. the officers-group total is NOT additive to a separate Ergen row. No separate 'directors and officers as a group' row is added here to avoid re-creating that near-total overlap (per the Marriott/chunk-15 lesson): the officers group is, in substance, almost entirely Ergen, his spouse, and family trusts/entities already captured in the single Ergen row above. Cantey M. Ergen's own line in the same 13D (147,197,377 shares, 50.7%) is NOT added as a second row: her total is the same underlying share pool viewed from her side (sole power as trustee/manager of Telluray Holdings and the five GRATs) and adding it would double count nearly the entire position.
• ERGEN VOTING POWER (belongs here, not in shares/pct_of_company): per the 13D, because each Class B share carries 10 votes, Mr. Ergen 'may be deemed to beneficially own equity securities of EchoStar representing approximately 90.3 percent of the voting power of EchoStar' (gross, assuming no Class B conversion). Under the Amended and Restated Support Agreement (dated 2 Oct 2023, tied to the 2023 EchoStar/DISH merger), Ergen and certain other reporting persons agreed not to vote their Class A shares (other than on Class-A-only matters) for three years following that merger's closing, which reduces his effective total voting power to approximately 89.4 percent as of 29 Jul 2026. His economic (shares/company) percentage on this file's basis is 51.18%, materially lower than either voting figure.
• DISH NETWORK AND HUGHES SATELLITE SYSTEMS: per Exhibit 21 to the FY2025 10-K (as of 31 Dec 2025), DISH Network Corporation and Hughes Satellite Systems Corporation are both listed at 100% ownership, i.e. wholly-owned subsidiaries, correctly EXCLUDED from holdings per the brief. HOWEVER, a major structural change occurred after that date: per the Q2 2026 10-Q, 'substantially all of our Pay-TV segment and our Other segment were deconsolidated as of June 30, 2026' after DISH DBS Corporation and DISH Wireless L.L.C. (both operating subsidiaries beneath DISH Network) went through a jointly-administered, Prepackaged Chapter 11 restructuring (RSA signed 19 Mar 2026, targeting emergence per the Plan). EchoStar now retains only a noncontrolling equity investment in these 'Deconsolidated Subsidiaries,' fair-valued at $0 (Level 3, liabilities exceeded assets), and booked a $9.729 billion non-cash 'Deconsolidation gain.' Hughes Satellite Systems Corporation itself is NOT one of the Filing Entities and is unaffected by this bankruptcy; it remains a normal wholly-owned, consolidated subsidiary. DISH Network Corporation as a holding-company shell also still shows 100% ownership on the last Exhibit 21, but its two major operating businesses (Pay-TV/DISH DBS and DISH Wireless) are no longer consolidated as of the most recent quarter. This does not create a new 'holding' for EchoStar (it is a restructuring of EchoStar's own former subsidiaries, not an acquisition of an outside company), but it materially changes what 'DISH Network' means as an EchoStar asset today and is flagged here rather than silently assumed away.
• AT&T TRANSACTIONS WERE PAID IN CASH, NOT STOCK: the AT&T License Purchase Agreement (signed 25 Aug 2025) was for the sale of EchoStar's 3.45-3.55 GHz and 600 MHz spectrum licenses plus a 99-year Hawaii lease extension, 'for proceeds of $20.250 billion in cash.' The transaction closed 28 Jul 2026 ('the AT&T Closing'). No AT&T stock was received; this is a clean negative finding, checked explicitly because the brief flagged 2025/2026 spectrum deals as a place stock consideration could hide.
• SPACEX: filings AGREE with the brief's anchor (~261,800,000 shares, 1.99% of SpaceX, $36.65bn at the brief's $140.00/14 Aug 2026 price), but the shares are NOT YET OWNED. See the holdings row method_note: this is a signed, regulator-cleared purchase agreement whose equity tranche is contingent on the 'Spectrum Acquisition Closing,' targeted for on or about 30 Nov 2027. As of the last 10-Q, EchoStar has transferred its spectrum licenses into an intermediary Trust (Spectrum Transfer Closing, 22 May 2026) but SpaceX has not yet transferred the shares or taken the licenses from the Trust.
• COMBINED EQUITY-METHOD BALANCE: EchoStar's balance sheet 'Equity method investments' line was $85.014m at 31 Dec 2025 and $67.547m at 30 Jun 2026 (In thousands, as filed). The drop reflects NagraStar and Invidi moving out with the DISH DBS deconsolidation as of 30 Jun 2026 (see their holdings rows). The remaining $67.547m combined balance covers TerreStar Solutions (33%) and Hughes Systique (42%) together; it is NOT split by investee in the filing, so neither is individually sized here (value_usd null for both), per the brief's rule against assigning a combined balance to one investee.
• CAPITAL GROUP FAMILY: CHECKED, FOUND ESSENTIALLY NOTHING. Capital World Investors (CIK 0001422849) holds only an EchoStar convertible note position (CUSIP 278768AB2, a debt derivative, not equity) in its Q2 2026 13F-HR filed 12 Aug 2026. Capital International Investors (CIK 0001562230) and Capital Research Global Investors (CIK 0001422848) both show NO EchoStar row at all in their Q2 2026 13F-HR filings (filed 12 Aug 2026). No Capital Group row is included in the register (per the Snap-on precedent: a holder checked and found at zero is a note, not a null row).
• T. ROWE PRICE: both registrants checked. T. Rowe Price Associates, Inc. (CIK 0000080255) held 587,962 shares ($59,680 thousand = $59.68m) and T. Rowe Price Investment Management, Inc. (CIK 0001897612) held 204,064 shares ($20,713 thousand = $20.713m), both per their own Q2 2026 13F-HR (period 30 Jun 2026, filed 14 Aug 2026). BOTH FILE VALUES IN THOUSANDS, converted here (raw filed value x 1,000). Combined implied price ~$101.5/share, consistent with every other institutional row below, confirming the thousands conversion is correct.
• VANGUARD: The Vanguard Group, Inc. (parent CIK 0000102909) filed a Schedule 13G/A on 26 Mar 2026 (event date 13 Mar 2026) reporting ZERO shares, explained in its own comment: 'On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment... certain subsidiaries or business divisions... will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc.' Per the brief's rule (parent files NT/zero => sum the successors), the Vanguard family row sums seven successor entities' own Q2 2026 13F-HR filings (period 30 Jun 2026, all filed 11-13 Aug 2026): Vanguard Capital Management LLC 8,841,556; Vanguard Portfolio Management LLC 5,900,756; Vanguard Fiduciary Trust Co 780,309; Vanguard Global Advisers, LLC 286,026; Vanguard Asset Management, Ltd 70,268; Vanguard Investments Australia, Ltd. 62,362; Vanguard Personalized Indexing Management, LLC 18,772. Total 15,960,049 shares. These seven CIKs were identified from this project's own data/registers/ECHO.json 31-Mar-2026 snapshot as a name list ONLY (per the brief's rule, that file was used to learn WHO holds, never for the share figures); all share counts above were independently re-fetched from each entity's own fresh Q2 2026 13F-HR.
• SACHEM HEAD CAPITAL MANAGEMENT LP: checked and found to hold ZERO EchoStar shares in its Q2 2026 13F-HR (filed 14 Aug 2026, period 30 Jun 2026), a full exit from the 3,005,000-share position shown in this project's stale 31-Mar-2026 ECHO.json snapshot. Not included as a register row for that reason (holder checked, found at zero, per the brief's rule).
• IMPLIED PRICE CHECK: every institutional register row above (BlackRock, State Street, Wellington, Darsana, Geode, FMR, all seven Vanguard entities, both T. Rowe Price entities) implies a per-share price of approximately $101.2-$101.5 as of 30 Jun 2026, all against the same CUSIP 278768106 common stock, no derivatives mixed in. This cross-checks that every row is the same instrument on the same basis.
• SELF-GATE, computed from this final file exactly as the chart computes it: 9 register rows, none marked is_aggregate and none marked rolls_up_into (no member/container relationships in this file, so every row counts at full value). Summing shares: Ergen family 148,681,347 + Vanguard family 15,960,049 + BlackRock 12,689,769 + State Street 10,661,913 + Wellington 8,407,289 + Darsana Capital Partners 5,000,000 + Geode 3,962,510 + FMR 2,546,875 + T. Rowe Price family 792,026 = 208,701,778 shares, which is 71.84% of shares_outstanding (290,490,708). This is ABOVE the brief's 55% flag threshold, checked against the three known causes and none found: (1) not a mixed instrument, every row is common stock on CUSIP 278768106 (or, for Ergen, the actual combined Class A/B shares he beneficially owns), confirmed by the tight $101.2-$101.5/share implied-price band across nine independent sources; (2) not a mixed basis, every pct_of_company here is recomputed against the single 290,490,708-share total-outstanding basis, never against Class A alone or the proxy's older count; (3) not a double count, each institutional filer is a distinct CIK/13F position, the Ergen row is a single clean group Schedule 13D deliberately NOT summed with Cantey Ergen's overlapping row, and no directors/officers-group row was added on top of it. The 71.84% concentration is a genuine, sourced feature of this stock: Charles Ergen alone controls just over half the company through Class B stock (all of it, per both the 13D and the proxy), which is the entire reason EchoStar is a Nasdaq 'controlled company' exempt from certain listing requirements.
• No 2026 DEF 14A/annual-meeting proxy has been filed as of this research (20 Aug 2026); the most recent is dated 21 Mar 2025 (for the 2025 annual meeting) and is used here only for the Class A/B voting-rights definitions and as historical context for the officers-group total, not for any share counts, which are all sourced to fresher 2026 filings.
• The SpaceX holding was reconciled against the counterparty file data/research/spacex.json: EchoStar's 10-Q rounds to approximately 261.8 million shares, SpaceX's own filing gives 261,792,453, and the exact figure is used so both sides of the edge agree. See that row's method_note.