Liberty Broadband Class A
LBRDA
236 hedge funds and large institutions have $1.54B invested in Liberty Broadband Class A in 2025 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 72 increasing their positions, 69 reducing their positions, and 32 closing their positions.
20% more capital invested
Capital invested by funds: $1.28B → $1.54B (+$258M)
3.48% more ownership
Funds ownership: 82.69% → 86.17% (+3.5%)
9% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 32
4% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 69
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
0% less funds holding
Funds holding: 237 → 236 (-1)
29% less call options, than puts
Call options by funds: $5.28M | Put options by funds: $7.46M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$49M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$45.4M |
| 3 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$44.3M |
| 4 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$28.6M |
| 5 |
Citigroup
New York
|
+$20.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$43.6M |
| 2 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
-$40.3M |
| 3 |
PMG
Private Management Group
Irvine,
California
|
-$16.5M |
| 4 |
GIP
Gavilan Investment Partners
Burlingame,
California
|
-$15M |
| 5 |
SC
Savoie Capital
Chicago,
Illinois
|
-$14.7M |
LBRDA Hedge Fund Activity: Q2 2025 in Review
236 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class A (LBRDA) for Q2 2025, worth a combined $1.54B — up 20% from $1.28B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new LBRDA positions and 32 closed out — a net gain of 3 holders — while 72 added to existing stakes and 69 trimmed.
The largest buyer was Millennium Management, adding an estimated $49M. The largest seller was Fidelity Investments, cutting an estimated $43.6M.
- 236 institutional investors held Liberty Broadband Class A (LBRDA) as of Q2 2025, down from 237 in Q1 2025.
- Funds reported $1.54B of Liberty Broadband Class A stock for Q2 2025, up 20% quarter-over-quarter.
- 35 funds opened new Liberty Broadband Class A positions in Q2 2025 and 32 closed out, a net change of +3 holders.
- The largest Liberty Broadband Class A buyer in Q2 2025 was Millennium Management, an estimated $49M added.
- The largest Liberty Broadband Class A seller in Q2 2025 was Fidelity Investments, an estimated $43.6M sold.
Based on aggregated 13F filings for Q2 2025.