In a significant portfolio shift, Scott Ferguson's Sachem Head Capital Management completely sold off its stake in Echostar Corp. The activist investment firm liquidated all 3.00 million of its shares, which were previously valued at approximately $351.80 million. Before the sale, the holding represented a substantial 8.47% of Sachem Head's reported portfolio.
This trade was disclosed in a quarterly 13F filing with the SEC, which details positions held as of June 30, 2026. Such filings are made public with a delay, meaning the trades occurred at some point during the second quarter. During that period, Echostar reported a decrease in its broadband, pay-TV, and retail wireless subscribers.