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Liberty Broadband Class A
LBRDA

224 hedge funds and large institutions have $1.64B invested in Liberty Broadband Class A in 2018 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 54 increasing their positions, 71 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0.81% less ownership

Funds ownership: 87.88% → 87.07% (-0.81%)

6% less funds holding

Funds holding: 239 → 224 (-15)

16% less capital invested

Capital invested by funds: $1.95B → $1.64B (-$305M)

24% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 71

28% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 47

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $338K

Holders
224
Holders Change
-15
Holders Change %
-6.28%
% of All Funds
4.99%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
34
Increased
54
Reduced
71
Closed
47
Calls
–
Puts
$338K
Net Calls
-$338K
Net Calls Change
-$59K

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$19.6M
2
HCM
Highbridge Capital Management
New York
+$12.4M
3
Franklin Resources
Franklin Resources
California
+$12.1M
4
BBHC
Brown Brothers Harriman & Co
New York
+$7.85M
5
RCM
Rockshelter Capital Management
Pennsylvania
+$6.96M

Top Sellers

1
AIM
Artemis Investment Management
United Kingdom
-$28.7M
2
FAM
Foxhaven Asset Management
Virginia
-$23.2M
3
Invesco
Invesco
Georgia
-$9.72M
4
Eagle Capital Management (New York)
Eagle Capital Management (New York)
New York
-$6.1M
5
Los Angeles Capital Management
Los Angeles Capital Management
California
-$4.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
ClearBridge Investments
1
ClearBridge Investments
New York
$140M +$1.8M +22,452 +1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$127M +$6.33M +78,844 +5%
BlackRock
3
BlackRock
New York
$113M +$675K +8,408 +0.5%
FP
4
FPR Partners
California
$99.9M +$678K +8,449 +0.6%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$94.8M +$19.6M +243,775 +23%
Eagle Capital Management (New York)
6
Eagle Capital Management (New York)
New York
$86.2M -$6.1M -76,011 -6%
D.E. Shaw & Co
7
D.E. Shaw & Co
New York
$82M -$1.89M -23,566 -2%
RCG
8
Ruane, Cunniff & Goldfarb
New York
$79.8M -$1.46M -18,204 -2%
ACM
9
Ashe Capital Management
New Jersey
$73.8M – – –
Invesco
10
Invesco
Georgia
$66.5M -$9.72M -121,082 -12%
Principal Financial Group
11
Principal Financial Group
Iowa
$65.2M -$2.87M -35,796 -4%
BBHC
12
Brown Brothers Harriman & Co
New York
$50M +$7.85M +97,715 +16%
Norges Bank
13
Norges Bank
Norway
$47.4M – – –
BM
14
Bridger Management
New York
$28M – – –
Franklin Resources
15
Franklin Resources
California
$25.5M +$12.1M +150,400 +74%
SCP
16
Seizert Capital Partners
Michigan
$24.6M -$135K -1,681 -0.5%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$22M +$4.51M +56,177 +22%
WIM
18
Weitz Investment Management
Nebraska
$21.9M -$2.81M -35,000 -10%
State Street
19
State Street
Massachusetts
$20.4M -$135K -1,678 -0.6%
FCM
20
Freshford Capital Management
New York
$20M +$4.21M +52,478 +23%
State of Wisconsin Investment Board
21
State of Wisconsin Investment Board
Wisconsin
$19.3M -$3.36M -41,877 -14%
HP
22
Hound Partners
New York
$18.5M -$2.85M -35,467 -12%
State of New Jersey Common Pension Fund D
23
State of New Jersey Common Pension Fund D
New Jersey
$17.2M -$2.41M -30,000 -11%
MG
24
Markel Group
Virginia
$14.7M – – –
Dimensional Fund Advisors
25
Dimensional Fund Advisors
Texas
$13.9M +$369K +4,598 +2%
1
2 3 4 5

LBRDA Hedge Fund Activity: Q4 2018 in Review

224 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class A (LBRDA) for Q4 2018, worth a combined $1.64B — down 16% from $1.95B a quarter earlier.

Sellers outnumbered buyers: 47 funds closed out of LBRDA and 34 opened new positions — a net loss of 13 holders — while 71 trimmed existing stakes and 54 added.

The largest buyer was Fidelity Investments, adding an estimated $19.6M. The largest seller was Artemis Investment Management, exiting entirely with an estimated $28.7M sold.

  • 224 institutional investors held Liberty Broadband Class A (LBRDA) as of Q4 2018, down from 239 in Q3 2018.
  • Funds reported $1.64B of Liberty Broadband Class A stock for Q4 2018, down 16% quarter-over-quarter.
  • 34 funds opened new Liberty Broadband Class A positions in Q4 2018 and 47 closed out, a net change of -13 holders.
  • The largest Liberty Broadband Class A buyer in Q4 2018 was Fidelity Investments, an estimated $19.6M added.
  • The largest Liberty Broadband Class A seller in Q4 2018 was Artemis Investment Management, an estimated $28.7M sold.

Based on aggregated 13F filings for Q4 2018.