Pennant Investors, LP: ECHOSTAR CORP (SATS): Quarterly 13F Position History
As of Q1 2026, Pennant Investors, LP reported 375,401 shares of ECHOSTAR CORP (SATS), worth $43.9M and representing 12.2% of its 13F equity book. Quarter-over-quarter share count change: 357,358 (-48.8%) . The position first appeared in Q4 2023 and has been disclosed across 10 13F-HR filings in Pactolio's tracked window.
- 375,401Shares Held (Latest Filing)
- $43.9MReported Market Value (Latest Filing)
- 12.2%Portfolio Weight (% of 13F Equity Book)
- 357,358Quarter-over-Quarter Share Change
- -$35.7MQuarter-over-Quarter Value Change
- 2,417,837Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 10 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 375,401 | 357,358 | -48.8% | $43.9M | 12.2% | $117.1 |
| Q4 2025 | 732,759 | 204,490 | -21.8% | $79.7M | 19.4% | $108.7 |
| Q3 2025 | 937,249 | 526,751 | -36.0% | $71.6M | 19.3% | $76.4 |
| Q2 2025 | 1,464,000 | 582,751 | -28.5% | $40.6M | 12.1% | $27.7 |
| Q1 2025 | 2,046,751 | 371,086 | -15.3% | $52.4M | 15.7% | $25.6 |
| Q4 2024 | 2,417,837 | +97,000 | +4.2% | $55.4M | 16.4% | $22.9 |
| Q3 2024 | 2,320,837 | +167,628 | +7.8% | $57.6M | 17.1% | $24.8 |
| Q2 2024 | 2,153,209 | 0 | — | $38.3M | 10.5% | $17.8 |
| Q1 2024 | 2,153,209 | 0 | — | $30.7M | 8.5% | $14.3 |
| Q4 2023 | 2,153,209 | — | — | $35.7M | 11.0% | $16.6 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Pennant Investors, LP first disclose a SATS position in 13F-HR filings?
Pennant Investors, LP first reported ECHOSTAR CORP (SATS) on its 13F-HR filing for the period ending 2023-12-31 (Q4 2023). The position has appeared on 10 reported quarters within Pactolio's tracked window.
What was Pennant Investors, LP's most recent quarter-over-quarter share-count change in SATS?
Between Q4 2025 and Q1 2026, Pennant Investors, LP reduced its SATS position by 357,358 shares (-48.8%), leaving 375,401 shares at a market value of $43.9M.
Does the implied price-per-share represent Pennant Investors, LP's cost basis in SATS?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.