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Liberty Broadband Class A
LBRDA

216 hedge funds and large institutions have $1.89B invested in Liberty Broadband Class A in 2017 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 55 increasing their positions, 83 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more capital invested

Capital invested by funds: $1.55B → $1.89B (+$336M)

2.81% more ownership

Funds ownership: 81.78% → 84.59% (+2.8%)

6% less funds holding

Funds holding: 231 → 216 (-15)

29% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 31

34% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 83

38% less funds holding in top 10

Funds holding in top 10: 8 → 5 (-3)

68% less call options, than puts

Call options by funds: $315K | Put options by funds: $995K

Holders
216
Holders Change
-15
Holders Change %
-6.49%
% of All Funds
5.38%
Holding in Top 10
5
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-37.5%
% of All Funds
0.12%
New
22
Increased
55
Reduced
83
Closed
31
Calls
$315K
Puts
$995K
Net Calls
-$680K
Net Calls Change
+$276K

Top Buyers

1
BlackRock
BlackRock
New York
+$128M
2
AIM
Artemis Investment Management
United Kingdom
+$37.8M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$34.7M
4
SIG
Senator Investment Group
New York
+$26.1M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$16.7M

Top Sellers

1
MCM
Marcato Capital Management
California
-$37M
2
Calamos Advisors
Calamos Advisors
Illinois
-$14.3M
3
JG
Jefferies Group
New York
-$9.95M
4
CCMU
Cheyne Capital Management (UK)
United Kingdom
-$9.06M
5
Principal Financial Group
Principal Financial Group
Iowa
-$7.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
26
Geode Capital Management
Massachusetts
$16.3M +$857K +10,443 +6%
Calamos Advisors
27
Calamos Advisors
Illinois
$15.5M -$14.3M -174,841 -49%
Wellington Management Group
28
Wellington Management Group
Massachusetts
$15.3M -$173K -2,108 -1%
CC
29
CQS Cayman
Cayman Islands
$13.6M +$6.6M +80,417 +102%
MG
30
Markel Group
Virginia
$13.6M +$1.23M +15,000 +10%
AIM
31
Act II Management
New York
$13.2M – – –
Loomis, Sayles & Company
32
Loomis, Sayles & Company
Massachusetts
$12.7M -$552K -6,731 -4%
GI
33
GAMCO Investors
Connecticut
$12.6M -$360K -4,386 -3%
BM
34
Bislett Management
California
$11.9M – – –
LWCA
35
Locust Wood Capital Advisers
New York
$11.7M – – –
Wells Fargo
36
Wells Fargo
California
$10.9M -$2.21M -26,918 -17%
Renaissance Technologies
37
Renaissance Technologies
New York
$10.7M -$443K -5,400 -4%
HCM
38
Highbridge Capital Management
New York
$10.6M +$2.87M +34,967 +39%
First Trust Advisors
39
First Trust Advisors
Illinois
$10.5M +$1.3M +15,882 +15%
HP
40
Hosking Partners
United Kingdom
$9.93M +$840K +10,239 +10%
SAM
41
Scopus Asset Management
New York
$9.79M +$9.43M +115,000 New
GF
42
Gabelli Funds
New York
$9.27M +$90.2K +1,100 +1%
Northern Trust
43
Northern Trust
Illinois
$9.03M +$484K +5,905 +6%
BAMCO Inc
44
BAMCO Inc
New York
$8.51M -$4.1M -50,000 -33%
First Manhattan
45
First Manhattan
New York
$8.47M -$3.07M -37,429 -27%
Legal & General Group
46
Legal & General Group
United Kingdom
$8.11M +$578K +7,045 +8%
BNP Paribas Financial Markets
47
BNP Paribas Financial Markets
France
$7.91M +$1.97M +23,989 +35%
AAMU
48
Amundi Asset Management US
Massachusetts
$7.89M -$32.7K -399 -0.4%
SCI
49
S&CO Inc
Massachusetts
$7.74M – – –
Bank of New York Mellon
50
Bank of New York Mellon
New York
$6.86M +$316K +3,853 +5%
1
2
3 4 5

LBRDA Hedge Fund Activity: Q1 2017 in Review

216 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class A (LBRDA) for Q1 2017, worth a combined $1.89B — up 22% from $1.55B a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of LBRDA and 22 opened new positions — a net loss of 9 holders — while 83 trimmed existing stakes and 55 added.

The largest buyer was BlackRock, adding an estimated $128M. The largest seller was Marcato Capital Management, exiting entirely with an estimated $37M sold.

  • 216 institutional investors held Liberty Broadband Class A (LBRDA) as of Q1 2017, down from 231 in Q4 2016.
  • Funds reported $1.89B of Liberty Broadband Class A stock for Q1 2017, up 22% quarter-over-quarter.
  • 22 funds opened new Liberty Broadband Class A positions in Q1 2017 and 31 closed out, a net change of -9 holders.
  • The largest Liberty Broadband Class A buyer in Q1 2017 was BlackRock, an estimated $128M added.
  • The largest Liberty Broadband Class A seller in Q1 2017 was Marcato Capital Management, an estimated $37M sold.

Based on aggregated 13F filings for Q1 2017.