Published on 19 Oct 2021 on Insider Monkey via Yahoo Finance

Do Hedge Funds Love Echostar Corporation (SATS)?

In this article we will analyze whether Echostar Corporation (NASDAQ:SATS) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their best ideas. While not all of these picks will be winners, our research shows that these picks historically outperformed the market by double digits annually.

Echostar Corporation (NASDAQ:SATS) was in 26 hedge funds' portfolios at the end of June. The all time high for this statistic is 34. SATS has experienced a decrease in hedge fund sentiment of late. There were 28 hedge funds in our database with SATS positions at the end of the first quarter. Our calculations also showed that SATS isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

Hedge funds' reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn't keep up with the unhedged returns of the market indices. Hedge funds have more than $3.5 trillion in assets under management, so you can't expect their entire portfolios to beat the market by large margins. Our research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 79 percentage points since March 2017 (see the details here). So you can still find a lot of gems by following hedge funds' moves today.