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Liberty Broadband Class A
LBRDA

216 hedge funds and large institutions have $1.89B invested in Liberty Broadband Class A in 2017 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 55 increasing their positions, 83 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% more capital invested

Capital invested by funds: $1.55B → $1.89B (+$336M)

2.81% more ownership

Funds ownership: 81.78% → 84.59% (+2.8%)

6% less funds holding

Funds holding: 231 → 216 (-15)

29% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 31

34% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 83

38% less funds holding in top 10

Funds holding in top 10: 8 → 5 (-3)

68% less call options, than puts

Call options by funds: $315K | Put options by funds: $995K

Holders
216
Holders Change
-15
Holders Change %
-6.49%
% of All Funds
5.38%
Holding in Top 10
5
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-37.5%
% of All Funds
0.12%
New
22
Increased
55
Reduced
83
Closed
31
Calls
$315K
Puts
$995K
Net Calls
-$680K
Net Calls Change
+$276K

Top Buyers

1
BlackRock
BlackRock
New York
+$128M
2
AIM
Artemis Investment Management
United Kingdom
+$37.8M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$34.7M
4
SIG
Senator Investment Group
New York
+$26.1M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$16.7M

Top Sellers

1
MCM
Marcato Capital Management
California
-$37M
2
Calamos Advisors
Calamos Advisors
Illinois
-$14.3M
3
JG
Jefferies Group
New York
-$9.95M
4
CCMU
Cheyne Capital Management (UK)
United Kingdom
-$9.06M
5
Principal Financial Group
Principal Financial Group
Iowa
-$7.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
Carson Wealth (CWM LLC)
201
Carson Wealth (CWM LLC)
Nebraska
$1K – – –
HCM
202
Highlander Capital Management
New Jersey
$1K – – –
IIC
203
Integrated Investment Consultants
Michigan
$1K – – –
PA
204
Parallel Advisors
California
$1K – – –
WAM
205
Wealthspire Advisors (Maryland)
Maryland
$1K – – –
SPIA
206
Steward Partners Investment Advisory
New York
$1K +$410 +5 +56%
AIM
207
Anchor Investment Management
South Carolina
$851 – – –
MCM
208
Marcato Capital Management
California
– -$37M -510,639 Closed
CCMU
209
Cheyne Capital Management (UK)
United Kingdom
– -$9.06M -124,881 Closed
CRC
210
Curi RMB Capital
Illinois
– -$3.95M -54,552 Closed
AA
211
AQR Arbitrage
Connecticut
– -$2.93M -40,382 Closed
MP
212
Manikay Partners
New York
– -$2.9M -40,000 Closed
OAM
213
Oxford Asset Management
United Kingdom
– -$2.25M -31,050 Closed
OTC
214
Opera Trading Capital
France
– -$2.12M -29,293 Closed
BCM
215
Bluefin Capital Management
New York
– -$2.06M -28,431 Closed
Nomura Asset Management
216
Nomura Asset Management
Japan
– -$1.12M -15,400 Closed
AL
217
Airain Ltd
Guernsey
– -$1.07M -14,732 Closed
VNA
218
VNBTrust National Association
Virginia
– -$869K -11,994 Closed
CIM
219
Calvert Investment Management
Maryland
– -$816K -11,255 Closed
SIA
220
SeaBridge Investment Advisors
New Jersey
– -$448K -6,176 Closed
Federated Hermes
221
Federated Hermes
Pennsylvania
– -$436K -6,020 Closed
Credit Agricole
222
Credit Agricole
France
– -$405K -5,589 Closed
Millennium Management
223
Millennium Management
New York
– -$403K -5,555 Closed
Verition Fund Management
224
Verition Fund Management
Connecticut
– -$344K -4,748 Closed
LPL Financial
225
LPL Financial
California
– -$311K -4,367 Closed
6 7 8
9
10

LBRDA Hedge Fund Activity: Q1 2017 in Review

216 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class A (LBRDA) for Q1 2017, worth a combined $1.89B — up 22% from $1.55B a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of LBRDA and 22 opened new positions — a net loss of 9 holders — while 83 trimmed existing stakes and 55 added.

The largest buyer was BlackRock, adding an estimated $128M. The largest seller was Marcato Capital Management, exiting entirely with an estimated $37M sold.

  • 216 institutional investors held Liberty Broadband Class A (LBRDA) as of Q1 2017, down from 231 in Q4 2016.
  • Funds reported $1.89B of Liberty Broadband Class A stock for Q1 2017, up 22% quarter-over-quarter.
  • 22 funds opened new Liberty Broadband Class A positions in Q1 2017 and 31 closed out, a net change of -9 holders.
  • The largest Liberty Broadband Class A buyer in Q1 2017 was BlackRock, an estimated $128M added.
  • The largest Liberty Broadband Class A seller in Q1 2017 was Marcato Capital Management, an estimated $37M sold.

Based on aggregated 13F filings for Q1 2017.