Liberty Broadband Class A
LBRDA
205 hedge funds and large institutions have $1.03B invested in Liberty Broadband Class A in 2015 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 58 increasing their positions, 64 reducing their positions, and 26 closing their positions.
118% more call options, than puts
Call options by funds: $1.04M | Put options by funds: $478K
9% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 64
4% less funds holding
Funds holding: 214 → 205 (-9)
10% less capital invested
Capital invested by funds: $1.14B → $1.03B (-$118M)
27% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 26
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Marcato Capital Management
San Francisco,
California
|
+$14.6M |
| 2 |
Morgan Stanley
New York
|
+$6.46M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$5.4M |
| 4 |
BM
Bridger Management
New York
|
+$4.88M |
| 5 |
HS
HighVista Strategies
Boston,
Massachusetts
|
+$3.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
-$61M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$52M |
| 3 |
SLCM
Seven Locks Capital Management
New York
|
-$8.92M |
| 4 |
HK
Horizon Kinetics
New York
|
-$5.97M |
| 5 |
Goldman Sachs
New York
|
-$4.82M |
LBRDA Hedge Fund Activity: Q3 2015 in Review
205 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class A (LBRDA) for Q3 2015, worth a combined $1.03B — down 10% from $1.14B a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of LBRDA and 19 opened new positions — a net loss of 7 holders — while 64 trimmed existing stakes and 58 added.
The largest buyer was Marcato Capital Management, opening a new position worth an estimated $14.6M. The largest seller was State Street, exiting entirely with an estimated $61M sold.
- 205 institutional investors held Liberty Broadband Class A (LBRDA) as of Q3 2015, down from 214 in Q2 2015.
- Funds reported $1.03B of Liberty Broadband Class A stock for Q3 2015, down 10% quarter-over-quarter.
- 19 funds opened new Liberty Broadband Class A positions in Q3 2015 and 26 closed out, a net change of -7 holders.
- The largest Liberty Broadband Class A buyer in Q3 2015 was Marcato Capital Management, an estimated $14.6M added.
- The largest Liberty Broadband Class A seller in Q3 2015 was State Street, an estimated $61M sold.
Based on aggregated 13F filings for Q3 2015.