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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
215
Holders Change
-21
Holders Change %
-8.9%
% of All Funds
2.82%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
25
Increased
60
Reduced
80
Closed
43
Calls
$10M
Puts
$1.32M
Net Calls
+$8.71M
Net Calls Change
+$10.9M

Top Buyers

Rank Fund Capital Flow
1
Squarepoint
Squarepoint
New York
+$17.6M
2
AGM
Alpine Global Management
New York
+$12.5M
3
AllianceBernstein
AllianceBernstein
Tennessee
+$11M
4
YCM
Yakira Capital Management
Connecticut
+$5.9M
5
Capstone Investment Advisors
Capstone Investment Advisors
New York
+$5.22M

Top Sellers

Rank Fund Capital Flow
1
AC
Aristeia Capital
Connecticut
-$23.6M
2
LP
LMR Partners
United Kingdom
-$16.9M
3
JP Morgan Chase
JP Morgan Chase
New York
-$6.95M
4
FCM
Farallon Capital Management
California
-$5.69M
5
State of Wisconsin Investment Board
State of Wisconsin Investment Board
Wisconsin
-$5.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
GRP
176
Global Retirement Partners
California
$2.28K +$2.5K +36 New
PGAM
177
Princeton Global Asset Management
New Jersey
$2.03K – – –
CI Investments Inc
178
CI Investments Inc
Ontario, Canada
$2K -$139 -2 -7%
IA
179
IFP Advisors
Florida
$1.9K +$70 +1 +3%
JFGIW
180
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$1.84K +$2.02K +29 New
S
181
Sachetta
Massachusetts
$1.65K – – –
QCG
182
Quadrant Capital Group
Ohio
$1.58K +$1.74K +25 New
CFD
183
Creative Financial Designs
Indiana
$1.58K – – –
FGA
184
Fortis Group Advisors
New Jersey
$1.58K – – –
OIA
185
Optimum Investment Advisors
Illinois
$1.58K – – –
HNB
186
Huntington National Bank
Ohio
$1.33K -$348 -5 -19%
BGAI
187
Bruce G. Allen Investments
Colorado
$1.2K – – –
ASN
188
Advisory Services Network
Georgia
$1.08K +$1.18K +17 New
HWM
189
Hemington Wealth Management
Virginia
$1K -$1.11K -16 -46%
SGK
190
Steigerwald Gordon & Koch
Virginia
$950 +$1.04K +15 New
RFP
191
Root Financial Partners
California
$760 +$835 +12 New
CFFP
192
Center for Financial Planning
Michigan
$634 – – –
BBPWM
193
Blue Bell Private Wealth Management
Pennsylvania
$633 – – –
PS
194
Principal Securities
Iowa
$570 -$974 -14 -61%
TCOT
195
Trust Company of Toledo
Ohio
$507 – – –
EP
196
Essential Partners
California
$317 -$139 -2 -29%
DPW
197
DiNuzzo Private Wealth
Pennsylvania
$304 +$70 +1 +25%
CVM
198
Cheviot Value Management
California
$285 – – –
Kayne Anderson Rudnick Investment Management
199
Kayne Anderson Rudnick Investment Management
California
$253 – – –
RIL
200
Rothschild Investment LLC
Illinois
$253 +$278 +4 New
6 7
8
9 10

LBRDA Hedge Fund Activity: Q3 2025 in Review

215 of the 7,619 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.