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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
Blackstone Inc
51
Blackstone Inc
New York
$27.2M +$29.4M +421,118 +5,846%
Canada Pension Plan Investment Board
52
Canada Pension Plan Investment Board
Ontario, Canada
$26.8M +$29.4M +421,361 New
GF
53
Gabelli Funds
New York
$25.2M +$11.5M +164,266 +71%
Jane Street
54
Jane Street
New York
$25M -$8.41M -120,392 -23%
Amundi
55
Amundi
France
$24.8M +$19.5M +279,331 +277%
Bank of New York Mellon
56
Bank of New York Mellon
New York
$24M +$1.35M +19,348 +5%
UBS Group
57
UBS Group
Switzerland
$23.8M -$631M -9,035,056 -96%
MC
58
Mount Capital
United Kingdom
$22.9M – – –
CM
59
Capula Management
Cayman Islands
$22.2M +$22.8M +325,567 +1,365%
T. Rowe Price Associates
60
T. Rowe Price Associates
Maryland
$21.7M -$95.1M -1,361,045 -80%
RAM
61
Readystate Asset Management
Illinois
$21.5M +$7.03M +100,596 +42%
BCM
62
Benchstone Capital Management
New York
$20.3M -$15.3M -219,295 -41%
WP
63
Woodline Partners
California
$19.6M +$21.6M +308,427 New
Fidelity Investments
64
Fidelity Investments
Massachusetts
$19.4M -$17.4M -249,096 -45%
PAMP
65
Polar Asset Management Partners
Ontario, Canada
$19.1M +$21M +300,000 New
UBS AM
66
UBS AM
Illinois
$18.3M -$11.2M -160,555 -36%
AIMCA
67
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$17.2M +$10.5M +149,900 +125%
IMA
68
Investment Management Associates
Colorado
$16.9M +$2.31M +33,093 +14%
Deutsche Bank
69
Deutsche Bank
Germany
$16.9M -$78.7M -1,125,451 -81%
Capstone Investment Advisors
70
Capstone Investment Advisors
New York
$16.2M +$17.8M +254,300 New
QCI
71
Quaker Capital Investments
Pennsylvania
$16.2M -$4.32M -61,831 -20%
Swiss National Bank
72
Swiss National Bank
Switzerland
$14.6M +$454K +6,500 +3%
PMAM
73
Picton Mahoney Asset Management
Ontario, Canada
$14.3M +$15.7M +225,000 New
Squarepoint
74
Squarepoint
New York
$13.9M +$15.3M +219,233 New
Barclays
75
Barclays
United Kingdom
$13.5M -$139M -1,984,611 -90%
1 2
3
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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.