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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
RI
451
Ridgewood Investments
New Jersey
– -$20.6K -209 Closed
SS
452
Sunbelt Securities
Texas
– -$13.1K -175 Closed
MYIA
453
Mount Yale Investment Advisors
Colorado
– -$12.7K -129 Closed
SL
454
Salomon & Ludwin
Virginia
– -$11.5K -116 Closed
KIM
455
Kestra Investment Management
Texas
– -$6.71K -78 Closed
CIAM
456
Caitong International Asset Management
Hong Kong
– -$2.95K -30 Closed
SO
457
Sierra Ocean
California
– -$2.26K -23 Closed
GWM
458
Geneos Wealth Management
Colorado
– -$2.07K -21 Closed
CH
459
Cromwell Holdings
Wyoming
– -$1.97K -20 Closed
HFS
460
Hughes Financial Services
Virginia
– -$894 -15 Closed
BFS
461
Bare Financial Services
Pennsylvania
– -$1.08K -11 Closed
TCM
462
Traub Capital Management
Massachusetts
– -$1.08K -11 Closed
AWM
463
Activest Wealth Management
Florida
– -$559 -8 Closed
AAS
464
Ameritas Advisory Services
Nebraska
– -$590 -6 Closed
CFO
465
CVA Family Office
Colorado
– -$590 -6 Closed
AF
466
Advisornet Financial
Minnesota
– -$492 -5 Closed
WCM
467
WealthTrak Capital Management
Virginia
– -$492 -5 Closed
TSMHT
468
Thurston Springer Miller Herd & Titak
Indiana
– -$393 -4 Closed
SS
469
SBI Securities
Japan
– -$197 -2 Closed
TPWA
470
Twin Peaks Wealth Advisors
California
– -$120 -2 Closed
15 16 17 18
19

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.