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Liberty Broadband Class A
LBRDA

237 hedge funds and large institutions have $1.28B invested in Liberty Broadband Class A in 2025 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 71 increasing their positions, 58 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

180% more call options, than puts

Call options by funds: $1.43M | Put options by funds: $510K

69% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 16

22% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 58

18% more capital invested

Capital invested by funds: $1.08B → $1.28B (+$196M)

4% more funds holding

Funds holding: 227 → 237 (+10)

1.02% more ownership

Funds ownership: 81.67% → 82.69% (+1%)

14% less funds holding in top 10

Funds holding in top 10: 7 → 6 (-1)

Holders
237
Holders Change
+10
Holders Change %
+4.41%
% of All Funds
3.18%
Holding in Top 10
6
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-14.29%
% of All Funds
0.08%
New
27
Increased
71
Reduced
58
Closed
16
Calls
$1.43M
Puts
$510K
Net Calls
+$918K
Net Calls Change
+$717K

Top Buyers

Rank Fund Capital Flow
1
WCMNY
Westchester Capital Management (New York)
New York
+$18.4M
2
WA
Whitebox Advisors
Minnesota
+$10.9M
3
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
+$8.44M
4
BGIM
Boussard & Gavaudan Investment Management
United Kingdom
+$5.21M
5
Citigroup
Citigroup
New York
+$5.08M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$29.9M
2
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$8.8M
3
FP
FPR Partners
California
-$8.5M
4
VF
Virtu Financial
New York
-$7.97M
5
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
-$6.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
BM
26
Bislett Management
California
$11.9M – – –
WIM
27
Weitz Investment Management
Nebraska
$11.9M – – –
Morgan Stanley
28
Morgan Stanley
New York
$11.5M -$515K -6,453 -5%
PCM
29
Pentwater Capital Management
Florida
$10.4M +$1.6M +20,100 +20%
Susquehanna International Group
30
Susquehanna International Group
Pennsylvania
$8.44M +$50.9K +638 +0.6%
BNP Paribas Financial Markets
31
BNP Paribas Financial Markets
France
$8.23M -$46.7K -585 -0.6%
Northern Trust
32
Northern Trust
Illinois
$7.32M -$122K -1,524 -2%
WIM
33
Wittenberg Investment Management
Massachusetts
$6.93M -$1.15M -14,389 -15%
SCI
34
S&CO Inc
Massachusetts
$6.9M +$18K +226 +0.3%
Renaissance Technologies
35
Renaissance Technologies
New York
$6.17M -$2.08M -26,100 -26%
GF
36
Gabelli Funds
New York
$5.88M -$160K -2,000 -3%
BGIM
37
Boussard & Gavaudan Investment Management
United Kingdom
$5.43M +$5.21M +65,269 New
Millennium Management
38
Millennium Management
New York
$4.8M +$2K +25 +0%
CIEC
39
Crédit Industriel et Commercial
France
$4.67M – – –
Bank of New York Mellon
40
Bank of New York Mellon
New York
$4.38M +$20K +251 +0.5%
FCM
41
Farallon Capital Management
California
$4.25M +$3.99M +50,000 New
First Manhattan
42
First Manhattan
New York
$3.77M -$2.34M -29,373 -40%
Qube Research & Technologies (QRT)
43
Qube Research & Technologies (QRT)
United Kingdom
$3.66M +$2.85M +35,667 +486%
GI
44
GAMCO Investors
Connecticut
$3.64M -$42K -527 -1%
UBS AM
45
UBS AM
Illinois
$3.47M +$138K +1,731 +4%
MWM
46
Moran Wealth Management
Florida
$3.12M +$301K +3,776 +11%
Swiss National Bank
47
Swiss National Bank
Switzerland
$2.7M -$39.9K -500 -2%
N
48
Nuveen
North Carolina
$2.69M – – –
HSA
49
Hussman Strategic Advisors
Maryland
$2.68M +$2.51M +31,500 New
Mariner
50
Mariner
Kansas
$2.33M +$45K +564 +2%
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LBRDA Hedge Fund Activity: Q1 2025 in Review

237 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class A (LBRDA) for Q1 2025, worth a combined $1.28B — up 18% from $1.08B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new LBRDA positions and 16 closed out — a net gain of 11 holders — while 71 added to existing stakes and 58 trimmed.

The largest buyer was Westchester Capital Management (New York), opening a new position worth an estimated $18.4M. The largest seller was Fidelity Investments, cutting an estimated $29.9M.

  • 237 institutional investors held Liberty Broadband Class A (LBRDA) as of Q1 2025, up from 227 in Q4 2024.
  • Funds reported $1.28B of Liberty Broadband Class A stock for Q1 2025, up 18% quarter-over-quarter.
  • 27 funds opened new Liberty Broadband Class A positions in Q1 2025 and 16 closed out, a net change of +11 holders.
  • The largest Liberty Broadband Class A buyer in Q1 2025 was Westchester Capital Management (New York), an estimated $18.4M added.
  • The largest Liberty Broadband Class A seller in Q1 2025 was Fidelity Investments, an estimated $29.9M sold.

Based on aggregated 13F filings for Q1 2025.