Employees Retirement System of Texas’s Liberty Broadband Class A LBRDA Stock Holding History

Employees Retirement System of Texas’s Portfolio LBRDA Stock Details LBRDA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-4,919	Closed	-$312K	–	533
2025 Q3	$312K	Buy	4,919 +2,546	+107%	+$177K	﹤0.01%	302
2025 Q2	$232K	Buy	+2,373	New	+$210K	﹤0.01%	351
2021 Q1	–	Sell	-9,000	Closed	-$1.42M	–	748
2020 Q4	$1.42M	Sell	9,000 -6,000	-40%	-$905K	0.02%	552
2020 Q3	$2.13M	Sell	15,000 -1,000	-6%	-$135K	0.03%	475
2020 Q2	$1.96M	Hold	16,000	–	–	0.03%	483
2020 Q1	$1.71M	Buy	+16,000	New	+$1.96M	0.03%	439
2018 Q2	–	Sell	-62,000	Closed	-$5.26M	–	1081
2018 Q1	$5.26M	Hold	62,000	–	–	0.07%	341
2017 Q4	$5.27M	Hold	62,000	–	–	0.07%	361
2017 Q3	$5.84M	Buy	+62,000	New	+$5.91M	0.08%	317

Other funds holding LBRDA

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Aristeia Capital Greenwich, Connecticut $4.82B AUM 24.94% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

RCG

Ruane, Cunniff & Goldfarb New York $6.03B AUM 12.06% 1-Year Est. Return

JNE Partners London, United Kingdom $244M AUM 15.73% 1-Year Est. Return

Millennium Management New York $240B AUM 35.51% 1-Year Est. Return

WCMNY

Westchester Capital Management (New York) Valhalla, New York $2.21B AUM 26.02% 1-Year Est. Return

State of Wisconsin Investment Board Madison, Wisconsin $43.7B AUM 27.76% 1-Year Est. Return

ECP

Empyrean Capital Partners Los Angeles, California $3.07B AUM 34.24% 1-Year Est. Return

D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return

Employees Retirement System of Texas's LBRDA Position: Q4 2025 in Review

Employees Retirement System of Texas sold out of Liberty Broadband Class A (LBRDA) in Q4 2025, closing a stake of 4,919 shares — an estimated $312K sold.

Employees Retirement System of Texas first reported a position in LBRDA in Q3 2017 and held it in 9 quarters. The position peaked at $5.84M in Q3 2017. 205 funds tracked by Wall St. Rank hold LBRDA as of Q4 2025.

Employees Retirement System of Texas reported no remaining Liberty Broadband Class A position as of Q4 2025 after selling out during the quarter.
Employees Retirement System of Texas sold 4,919 Liberty Broadband Class A shares in Q4 2025, an estimated $312K.
Employees Retirement System of Texas first reported a position in Liberty Broadband Class A in Q3 2017 and held it in 9 quarters.
Employees Retirement System of Texas's Liberty Broadband Class A position peaked at $5.84M in Q3 2017.
205 funds tracked by Wall St. Rank held Liberty Broadband Class A as of Q4 2025.

Based on Employees Retirement System of Texas's 13F filing for Q4 2025, filed 9 Feb 2026.