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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
Neuberger Berman Group
126
Neuberger Berman Group
New York
$282K -$1.44K -18 -0.5%
VOYA Investment Management
127
VOYA Investment Management
Georgia
$280K -$1.28K -16 -0.5%
SRAIM
128
Scheer Rowlett & Associates Investment Management
Ontario, Canada
$280K – – –
Russell Investments Group
129
Russell Investments Group
United Kingdom
$271K -$24.3K -304 -9%
American Century Companies
130
American Century Companies
Missouri
$271K +$10.8K +135 +4%
KAS
131
Kestra Advisory Services
Texas
$269K +$252K +3,160 New
TFS
132
Thoroughbred Financial Services
Tennessee
$267K – – –
Ameriprise
133
Ameriprise
Minnesota
$264K -$559 -7 -0.2%
BCWM
134
Bartlett & Co Wealth Management
Ohio
$260K – – –
ECM
135
Evergreen Capital Management
Washington
$257K – – –
Pictet Asset Management
136
Pictet Asset Management
Switzerland
$253K – – –
Cerity Partners
137
Cerity Partners
New York
$239K +$225K +2,814 New
Prudential Financial
138
Prudential Financial
New Jersey
$228K +$22.3K +280 +12%
SFA
139
Sequoia Financial Advisors
Ohio
$219K +$206K +2,580 New
IC
140
IEQ Capital
California
$208K +$196K +2,451 New
WT
141
Whittier Trust
California
$201K – – –
O
142
Ossiam
France
$196K -$37.9K -475 -17%
Bank of Montreal
143
Bank of Montreal
Ontario, Canada
$195K +$2K +25 +1%
S
144
SignatureFD
Georgia
$189K +$6.06K +76 +4%
CIBC Private Wealth Group
145
CIBC Private Wealth Group
Georgia
$178K -$1.2K -15 -0.6%
Carson Wealth (CWM LLC)
146
Carson Wealth (CWM LLC)
Nebraska
$167K +$43.5K +545 +38%
JEST
147
JTC Employer Solutions Trustee
Jersey
$141K – – –
BL
148
BFSG LLC
California
$140K – – –
PA
149
Parallel Advisors
California
$138K +$1.52K +19 +1%
Canada Life
150
Canada Life
Manitoba, Canada
$118K – – –
4 5
6
7 8

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.