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Liberty Broadband Class A
LBRDA

215 hedge funds and large institutions have $939M invested in Liberty Broadband Class A in 2025 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 60 increasing their positions, 80 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

658% more call options, than puts

Call options by funds: $10M | Put options by funds: $1.32M

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

2.6% less ownership

Funds ownership: 86.17% → 83.57% (-2.6%)

9% less funds holding

Funds holding: 236 → 215 (-21)

25% less repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 80

39% less capital invested

Capital invested by funds: $1.54B → $939M (-$599M)

42% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 43

Holders
215
Holders Change
-21
Holders Change %
-8.9%
% of All Funds
2.82%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
25
Increased
60
Reduced
80
Closed
43
Calls
$10M
Puts
$1.32M
Net Calls
+$8.71M
Net Calls Change
+$10.9M

Top Buyers

Rank Fund Capital Flow
1
Squarepoint
Squarepoint
New York
+$17.6M
2
AGM
Alpine Global Management
New York
+$12.5M
3
AllianceBernstein
AllianceBernstein
Tennessee
+$11M
4
YCM
Yakira Capital Management
Connecticut
+$5.9M
5
Capstone Investment Advisors
Capstone Investment Advisors
New York
+$5.22M

Top Sellers

Rank Fund Capital Flow
1
AC
Aristeia Capital
Connecticut
-$23.6M
2
LP
LMR Partners
United Kingdom
-$16.9M
3
JP Morgan Chase
JP Morgan Chase
New York
-$6.95M
4
FCM
Farallon Capital Management
California
-$5.69M
5
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
-$5.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
SA
226
Sanctuary Advisors
Indiana
– -$414K -4,236 Closed
JG
227
Jain Global
New York
– -$372K -3,807 Closed
AFCM
228
Applied Finance Capital Management
Puerto Rico
– -$340K -3,479 Closed
Neuberger Berman Group
229
Neuberger Berman Group
New York
– -$322K -3,287 Closed
ECM
230
Evergreen Capital Management
Washington
– -$308K -3,152 Closed
Pictet Asset Management
231
Pictet Asset Management
Switzerland
– -$291K -2,974 Closed
VOYA Investment Management
232
VOYA Investment Management
Georgia
– -$291K -2,973 Closed
HT
233
Headlands Technologies
Illinois
– -$281K -2,869 Closed
CFO
234
Callan Family Office
Pennsylvania
– -$270K -2,760 Closed
SFA
235
Sequoia Financial Advisors
Ohio
– -$235K -2,400 Closed
O
236
Ossiam
France
– -$225K -2,304 Closed
HP
237
Hosking Partners
United Kingdom
– -$212K -2,164 Closed
Cerity Partners
238
Cerity Partners
New York
– -$206K -2,103 Closed
Franklin Resources
239
Franklin Resources
California
– -$60.2K -615 Closed
OAM
240
OP Asset Management
– -$47.8K -489 Closed
RI
241
Ridgewood Investments
New Jersey
– -$21.1K -216 Closed
BL
242
BFSG LLC
California
– -$10.5K -107 Closed
GWM
243
Geneos Wealth Management
Colorado
– -$5.18K -53 Closed
SC
244
Stephens Consulting
Michigan
– -$2.06K -21 Closed
TPWA
245
Twin Peaks Wealth Advisors
California
– -$1.19K -20 Closed
MYIA
246
Mount Yale Investment Advisors
Colorado
– -$1.76K -18 Closed
SO
247
Sierra Ocean
California
– -$1.17K -12 Closed
WA
248
Whipplewood Advisors
Colorado
– -$489 -5 Closed
AWM
249
Activest Wealth Management
Florida
– -$278 -4 Closed
TCM
250
Traub Capital Management
Massachusetts
– -$293 -3 Closed
7 8 9
10
11

LBRDA Hedge Fund Activity: Q3 2025 in Review

215 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class A (LBRDA) for Q3 2025, worth a combined $939M — down 39% from $1.54B a quarter earlier.

Sellers outnumbered buyers: 43 funds closed out of LBRDA and 25 opened new positions — a net loss of 18 holders — while 80 trimmed existing stakes and 60 added.

The largest buyer was Squarepoint, adding an estimated $17.6M. The largest seller was Aristeia Capital, cutting an estimated $23.6M.

  • 215 institutional investors held Liberty Broadband Class A (LBRDA) as of Q3 2025, down from 236 in Q2 2025.
  • Funds reported $939M of Liberty Broadband Class A stock for Q3 2025, down 39% quarter-over-quarter.
  • 25 funds opened new Liberty Broadband Class A positions in Q3 2025 and 43 closed out, a net change of -18 holders.
  • The largest Liberty Broadband Class A buyer in Q3 2025 was Squarepoint, an estimated $17.6M added.
  • The largest Liberty Broadband Class A seller in Q3 2025 was Aristeia Capital, an estimated $23.6M sold.

Based on aggregated 13F filings for Q3 2025.