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Liberty Broadband Class C
LBRDK

391 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 79 closing their positions.

New
Increased
Maintained
Reduced
Closed

317% more call options, than puts

Call options by funds: $2.36M | Put options by funds: $566K

7% less funds holding

Funds holding: 419 → 391 (-28)

9.38% less ownership

Funds ownership: 91.97% → 82.59% (-9.4%)

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)

29% less first-time investments, than exits

New positions opened: 56 | Existing positions closed: 79

41% less capital invested

Capital invested by funds: $11.1B → $6.55B (-$4.57B)

Holders
391
Holders Change
-28
Holders Change %
-6.68%
% of All Funds
5.13%
Holding in Top 10
18
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-25%
% of All Funds
0.24%
New
56
Increased
111
Reduced
140
Closed
79
Calls
$2.36M
Puts
$566K
Net Calls
+$1.8M
Net Calls Change
+$1.99M

Top Buyers

1
HI
HBK Investments
Texas
+$397M
2
Adage Capital Partners
Adage Capital Partners
Massachusetts
+$133M
3
JP Morgan Chase
JP Morgan Chase
New York
+$132M
4
Morgan Stanley
Morgan Stanley
New York
+$85.8M
5
Neuberger Berman Group
Neuberger Berman Group
New York
+$62.9M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$631M
2
FCM
Farallon Capital Management
California
-$421M
3
EIM
Elliott Investment Management
Florida
-$235M
4
AC
Aristeia Capital
Connecticut
-$172M
5
Goldman Sachs
Goldman Sachs
New York
-$166M
Name Holding Trade Value Shares
Change 		Change in
Stake
CPBTD
251
Central Pacific Bank - Trust Division
Hawaii
$258K – – –
Focus Partners Wealth
252
Focus Partners Wealth
Massachusetts
$255K -$43.6K -624 -13%
CAU
253
Caxton Associates (UK)
$253K +$278K +3,980 New
IWC
254
Integrated Wealth Concepts
Massachusetts
$246K -$3.15K -45 -1%
UB
255
UMB Bank
Missouri
$240K +$123K +1,766 +88%
MOS
256
MGO One Seven
Ohio
$240K -$124K -1,775 -32%
KBC Group
257
KBC Group
Belgium
$236K – – –
OAC
258
OMERS Administration Corp
Ontario, Canada
$228K – – –
TRCT
259
Tower Research Capital (TRC)
New York
$218K +$228K +3,269 +1,934%
CIA
260
Citadel Investment Advisory
Ohio
$217K – – –
SC
261
Sagefield Capital
Texas
$217K +$238K +3,411 New
AFG
262
Atomi Financial Group
New York
$202K -$42.8K -612 -16%
HFP
263
Holistic Financial Partners
Indiana
$202K – – –
VWM
264
Venturi Wealth Management
Texas
$200K -$16K -229 -7%
MIM
265
MetLife Investment Management
New Jersey
$190K +$3.15K +45 +2%
MCM
266
MAI Capital Management
Ohio
$189K -$3.84K -55 -2%
AA
267
Ancora Advisors
Ohio
$176K – – –
SO
268
STRS Ohio
Ohio
$170K -$1.24M -17,762 -87%
Mitsubishi UFJ Trust & Banking
269
Mitsubishi UFJ Trust & Banking
Japan
$163K +$180K +2,573 New
QCG
270
Quadrant Capital Group
Ohio
$135K – – –
Carson Wealth (CWM LLC)
271
Carson Wealth (CWM LLC)
Nebraska
$127K -$16.2K -232 -10%
BBHC
272
Brown Brothers Harriman & Co
New York
$120K -$132K -1,892 -50%
CA
273
CoreCap Advisors
Michigan
$119K – – –
Toronto Dominion Bank
274
Toronto Dominion Bank
Ontario, Canada
$100K +$110K +1,581 New
BNP Paribas Asset Management
275
BNP Paribas Asset Management
France
$83K -$2.38K -34 -3%
9 10
11
12 13

LBRDK Hedge Fund Activity: Q3 2025 in Review

391 of the 7,619 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 41% from $11.1B a quarter earlier.

Sellers outnumbered buyers: 79 funds closed out of LBRDK and 56 opened new positions — a net loss of 23 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.

  • 391 institutional investors held Liberty Broadband Class C (LBRDK) as of Q3 2025, down from 419 in Q2 2025.
  • Funds reported $6.55B of Liberty Broadband Class C stock for Q3 2025, down 41% quarter-over-quarter.
  • 56 funds opened new Liberty Broadband Class C positions in Q3 2025 and 79 closed out, a net change of -23 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.