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Liberty Broadband Class A
LBRDA

254 hedge funds and large institutions have $1.92B invested in Liberty Broadband Class A in 2018 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 61 increasing their positions, 78 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 29

6% more funds holding

Funds holding: 240 → 254 (+14)

2% less capital invested

Capital invested by funds: $1.96B → $1.92B (-$42.1M)

1.49% less ownership

Funds ownership: 87.83% → 86.34% (-1.5%)

13% less funds holding in top 10

Funds holding in top 10: 8 → 7 (-1)

22% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 78

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $1.06M

Holders
254
Holders Change
+14
Holders Change %
+5.83%
% of All Funds
5.82%
Holding in Top 10
7
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-12.5%
% of All Funds
0.16%
New
44
Increased
61
Reduced
78
Closed
29
Calls
–
Puts
$1.06M
Net Calls
-$1.06M
Net Calls Change
+$844K

Top Buyers

1
RCG
Ruane, Cunniff & Goldfarb
New York
+$102M
2
FCM
Freshford Capital Management
New York
+$16.4M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$13.5M
4
ACM
Ashe Capital Management
New Jersey
+$11.5M
5
HP
Hound Partners
New York
+$11.5M

Top Sellers

1
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$40.5M
2
SIG
Senator Investment Group
New York
-$39.9M
3
HCM
Highbridge Capital Management
New York
-$29.5M
4
NCM
Numina Capital Management
New York
-$24.7M
5
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
-$20.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
NFGCM
76
Norman Fields Gottscho Capital Management
New York
$2.12M – – –
Brown Advisory
77
Brown Advisory
Maryland
$2.11M +$520K +5,803 +30%
Los Angeles Capital Management
78
Los Angeles Capital Management
California
$2.04M -$2.6M -29,006 -55%
UBS Group
79
UBS Group
Switzerland
$2.02M -$111K -1,236 -5%
MI
80
Markston International
New York
$1.87M -$112K -1,248 -5%
Eagle Capital Management (New York)
81
Eagle Capital Management (New York)
New York
$1.81M +$1.91M +21,346 New
GC
82
Guggenheim Capital
Illinois
$1.79M +$99.2K +1,108 +6%
Deutsche Bank
83
Deutsche Bank
Germany
$1.77M -$2.24M -25,060 -54%
CMI
84
Cider Mill Investments
Connecticut
$1.75M +$1.85M +20,700 New
SC
85
Selz Capital
New York
$1.53M -$67.1K -750 -4%
WIM
86
Wittenberg Investment Management
Massachusetts
$1.45M – – –
QI
87
QS Investors
New York
$1.4M +$1.48M +16,500 New
MRI
88
Mad River Investors
Massachusetts
$1.38M +$5.1K +57 +0.4%
DC
89
Davenport & Co
Virginia
$1.34M +$83.8K +936 +6%
Canada Pension Plan Investment Board
90
Canada Pension Plan Investment Board
Ontario, Canada
$1.28M – – –
AP
91
Archon Partners
New Jersey
$1.27M – – –
DTL
92
Dynamic Technology Lab
Singapore
$1.25M +$1.32M +14,799 New
Barclays
93
Barclays
United Kingdom
$1.15M +$1.18M +13,235 +4,580%
CS
94
Credit Suisse
Switzerland
$1.08M +$835K +9,329 +272%
Aviva
95
Aviva
United Kingdom
$1.07M -$77.4K -865 -6%
PNC Financial Services Group
96
PNC Financial Services Group
Pennsylvania
$1.07M -$12.2K -136 -1%
Royal Bank of Canada
97
Royal Bank of Canada
Ontario, Canada
$1.05M -$126K -1,409 -10%
EVM
98
Eaton Vance Management
Massachusetts
$1.03M +$542K +6,058 +100%
SACTSONJ
99
Supplemental Annuity Collective Trust (SACT) of New Jersey
New Jersey
$1.02M – – –
UBS AM
100
UBS AM
Illinois
$992K +$263K +2,939 +34%
2 3
4
5 6

LBRDA Hedge Fund Activity: Q1 2018 in Review

254 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class A (LBRDA) for Q1 2018, worth a combined $1.92B — down 2.1% from $1.96B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new LBRDA positions and 29 closed out — a net gain of 15 holders — while 61 added to existing stakes and 78 trimmed.

The largest buyer was Ruane, Cunniff & Goldfarb, opening a new position worth an estimated $102M. The largest seller was Hudson Bay Capital Management, cutting an estimated $40.5M.

  • 254 institutional investors held Liberty Broadband Class A (LBRDA) as of Q1 2018, up from 240 in Q4 2017.
  • Funds reported $1.92B of Liberty Broadband Class A stock for Q1 2018, down 2.1% quarter-over-quarter.
  • 44 funds opened new Liberty Broadband Class A positions in Q1 2018 and 29 closed out, a net change of +15 holders.
  • The largest Liberty Broadband Class A buyer in Q1 2018 was Ruane, Cunniff & Goldfarb, an estimated $102M added.
  • The largest Liberty Broadband Class A seller in Q1 2018 was Hudson Bay Capital Management, an estimated $40.5M sold.

Based on aggregated 13F filings for Q1 2018.