Liberty Broadband Class A
LBRDA
215 hedge funds and large institutions have $939M invested in Liberty Broadband Class A in 2025 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 60 increasing their positions, 80 reducing their positions, and 43 closing their positions.
658% more call options, than puts
Call options by funds: $10M | Put options by funds: $1.32M
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
2.6% less ownership
Funds ownership: 86.17% → 83.57% (-2.6%)
9% less funds holding
Funds holding: 236 → 215 (-21)
25% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 80
39% less capital invested
Capital invested by funds: $1.54B → $939M (-$599M)
42% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Squarepoint
New York
|
+$17.6M |
| 2 |
AGM
Alpine Global Management
New York
|
+$12.5M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$11M |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$5.9M |
| 5 |
Capstone Investment Advisors
New York
|
+$5.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$23.6M |
| 2 |
LP
LMR Partners
London,
United Kingdom
|
-$16.9M |
| 3 |
JP Morgan Chase
New York
|
-$6.95M |
| 4 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$5.69M |
| 5 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$5.05M |
LBRDA Hedge Fund Activity: Q3 2025 in Review
215 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class A (LBRDA) for Q3 2025, worth a combined $939M — down 39% from $1.54B a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of LBRDA and 25 opened new positions — a net loss of 18 holders — while 80 trimmed existing stakes and 60 added.
The largest buyer was Squarepoint, adding an estimated $17.6M. The largest seller was Aristeia Capital, cutting an estimated $23.6M.
- 215 institutional investors held Liberty Broadband Class A (LBRDA) as of Q3 2025, down from 236 in Q2 2025.
- Funds reported $939M of Liberty Broadband Class A stock for Q3 2025, down 39% quarter-over-quarter.
- 25 funds opened new Liberty Broadband Class A positions in Q3 2025 and 43 closed out, a net change of -18 holders.
- The largest Liberty Broadband Class A buyer in Q3 2025 was Squarepoint, an estimated $17.6M added.
- The largest Liberty Broadband Class A seller in Q3 2025 was Aristeia Capital, an estimated $23.6M sold.
Based on aggregated 13F filings for Q3 2025.