Liberty Broadband Class A
LBRDA
LBRDA was delisted on the 19th of August, 2026.
205 hedge funds and large institutions have $750M invested in Liberty Broadband Class A in 2025 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 48 increasing their positions, 73 reducing their positions, and 39 closing their positions.
1,032% more call options, than puts
Call options by funds: $7.16M | Put options by funds: $632K
1.55% more ownership
Funds ownership: 83.57% → 85.13% (+1.6%)
5% less funds holding
Funds holding: 215 → 205 (-10)
15% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 39
20% less capital invested
Capital invested by funds: $939M → $750M (-$188M)
34% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 73
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Slotnik Capital
Dallas,
Texas
|
+$13.7M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$9.22M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$9.19M |
| 4 |
Morgan Stanley
New York
|
+$6.39M |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
+$5.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$20.3M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$11.7M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$8.23M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$7.79M |
| 5 |
AGM
Alpine Global Management
New York
|
-$5.09M |
LBRDA Hedge Fund Activity: Q4 2025 in Review
205 of the 8,256 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class A (LBRDA) for Q4 2025, worth a combined $750M — down 20% from $939M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of LBRDA and 33 opened new positions — a net loss of 6 holders — while 73 trimmed existing stakes and 48 added.
The largest buyer was Slotnik Capital, opening a new position worth an estimated $13.7M. The largest seller was State of Wisconsin Investment Board, cutting an estimated $20.3M.
- 205 institutional investors held Liberty Broadband Class A (LBRDA) as of Q4 2025, down from 215 in Q3 2025.
- Funds reported $750M of Liberty Broadband Class A stock for Q4 2025, down 20% quarter-over-quarter.
- 33 funds opened new Liberty Broadband Class A positions in Q4 2025 and 39 closed out, a net change of -6 holders.
- The largest Liberty Broadband Class A buyer in Q4 2025 was Slotnik Capital, an estimated $13.7M added.
- The largest Liberty Broadband Class A seller in Q4 2025 was State of Wisconsin Investment Board, an estimated $20.3M sold.
Based on aggregated 13F filings for Q4 2025.