Liberty Broadband Class C
LBRDK
LBRDK was delisted on the 19th of August, 2026.
392 hedge funds and large institutions have $6.55B invested in Liberty Broadband Class C in 2025 Q3 according to their latest regulatory filings, with 56 funds opening new positions, 111 increasing their positions, 140 reducing their positions, and 80 closing their positions.
317% more call options, than puts
Call options by funds: $2.36M | Put options by funds: $566K
7% less funds holding
Funds holding: 421 → 392 (-29)
10.13% less ownership
Funds ownership: 92.72% → 82.59% (-10%)
21% less repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 140
25% less funds holding in top 10
Funds holding in top 10: 24 → 18 (-6)
30% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 80
42% less capital invested
Capital invested by funds: $11.2B → $6.55B (-$4.66B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
HBK Investments
Dallas,
Texas
|
+$397M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
+$133M |
| 3 |
JP Morgan Chase
New York
|
+$132M |
| 4 |
Morgan Stanley
New York
|
+$85.8M |
| 5 |
Neuberger Berman Group
New York
|
+$62.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$631M |
| 2 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$421M |
| 3 |
EIM
Elliott Investment Management
West Palm Beach,
Florida
|
-$235M |
| 4 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$172M |
| 5 |
Goldman Sachs
New York
|
-$166M |
LBRDK Hedge Fund Activity: Q3 2025 in Review
392 of the 7,631 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class C (LBRDK) for Q3 2025, worth a combined $6.55B — down 42% from $11.2B a quarter earlier.
Sellers outnumbered buyers: 80 funds closed out of LBRDK and 56 opened new positions — a net loss of 24 holders — while 140 trimmed existing stakes and 111 added.
The largest buyer was HBK Investments, opening a new position worth an estimated $397M. The largest seller was UBS Group, cutting an estimated $631M.
- 392 institutional investors held Liberty Broadband Class C (LBRDK) as of Q3 2025, down from 421 in Q2 2025.
- Funds reported $6.55B of Liberty Broadband Class C stock for Q3 2025, down 42% quarter-over-quarter.
- 56 funds opened new Liberty Broadband Class C positions in Q3 2025 and 80 closed out, a net change of -24 holders.
- The largest Liberty Broadband Class C buyer in Q3 2025 was HBK Investments, an estimated $397M added.
- The largest Liberty Broadband Class C seller in Q3 2025 was UBS Group, an estimated $631M sold.
Based on aggregated 13F filings for Q3 2025.