Liberty Broadband Class A
LBRDA
254 hedge funds and large institutions have $2.7B invested in Liberty Broadband Class A in 2019 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 70 increasing their positions, 79 reducing their positions, and 23 closing their positions.
52% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 23
25% more funds holding in top 10
Funds holding in top 10: 8 → 10 (+2)
19% more capital invested
Capital invested by funds: $2.27B → $2.7B (+$428M)
4% more funds holding
Funds holding: 244 → 254 (+10)
0.55% less ownership
Funds ownership: 82.55% → 82% (-0.55%)
11% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 79
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $299K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$21.3M |
| 2 |
CIM
Cowen Investment Management
New York
|
+$12.4M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$11.3M |
| 4 |
Millennium Management
New York
|
+$7.57M |
| 5 |
AC
Athanor Capital
New York
|
+$6.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BM
Bridger Management
New York
|
-$25.2M |
| 2 |
ClearBridge Investments
New York
|
-$18.6M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$11.4M |
| 4 |
Royal London Asset Management
United Kingdom
|
-$10.5M |
| 5 |
D.E. Shaw & Co
New York
|
-$10.4M |
LBRDA Hedge Fund Activity: Q4 2019 in Review
254 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class A (LBRDA) for Q4 2019, worth a combined $2.7B — up 19% from $2.27B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new LBRDA positions and 23 closed out — a net gain of 12 holders — while 70 added to existing stakes and 79 trimmed.
The largest buyer was Hudson Bay Capital Management, adding an estimated $21.3M. The largest seller was Bridger Management, cutting an estimated $25.2M.
- 254 institutional investors held Liberty Broadband Class A (LBRDA) as of Q4 2019, up from 244 in Q3 2019.
- Funds reported $2.7B of Liberty Broadband Class A stock for Q4 2019, up 19% quarter-over-quarter.
- 35 funds opened new Liberty Broadband Class A positions in Q4 2019 and 23 closed out, a net change of +12 holders.
- The largest Liberty Broadband Class A buyer in Q4 2019 was Hudson Bay Capital Management, an estimated $21.3M added.
- The largest Liberty Broadband Class A seller in Q4 2019 was Bridger Management, an estimated $25.2M sold.
Based on aggregated 13F filings for Q4 2019.