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Liberty Broadband Class C

429 hedge funds and large institutions have $11B invested in Liberty Broadband Class C in 2020 Q1 according to their latest regulatory filings, with 64 funds opening new positions, 141 increasing their positions, 127 reducing their positions, and 66 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% more repeat investments, than reductions

Existing positions increased: 141 | Existing positions reduced: 127

7% more funds holding in top 10

Funds holding in top 10: 2830 (+2)

0.83% less ownership

Funds ownership: 66.04%65.21% (-0.83%)

3% less first-time investments, than exits

New positions opened: 64 | Existing positions closed: 66

2% less funds holding

Funds holding: 437429 (-8)

13% less capital invested

Capital invested by funds: $12.7B → $11B (-$1.7B)

59% less call options, than puts

Call options by funds: $610K | Put options by funds: $1.49M

Holders
429
Holders Change
-8
Holders Change %
-1.83%
% of All Funds
9.45%
Holding in Top 10
30
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+7.14%
% of All Funds
0.66%
New
64
Increased
141
Reduced
127
Closed
66
Calls
$610K
Puts
$1.49M
Net Calls
-$880K
Net Calls Change
+$1.34M
Name Holding Trade Value Shares
Change
Change in
Stake
MG
76
Markel Group
Virginia
$19.1M
California State Teachers Retirement System (CalSTRS)
77
California State Teachers Retirement System (CalSTRS)
California
$18.6M +$299K +2,406 +1%
CS
78
Credit Suisse
Switzerland
$18.1M -$72.7K -584 -0.4%
VCM
79
Vigilant Capital Management
Maine
$17.3M -$85.2K -685 -0.4%
GPC
80
Guardian Point Capital
Virginia
$16.6M
Morgan Stanley
81
Morgan Stanley
New York
$16.2M -$19.3M -154,945 -51%
AP
82
Archon Partners
New Jersey
$15.9M
AIM
83
Allen Investment Management
New York
$15.9M +$2.53M +20,309 +16%
MI
84
Markston International
New York
$15.5M -$22.3K -179 -0.1%
State Board of Administration of Florida Retirement System
85
State Board of Administration of Florida Retirement System
Florida
$14.8M -$221K -1,779 -1%
BU
86
Brown University
Rhode Island
$14.6M -$1.99M -16,000 -11%
APG Asset Management
87
APG Asset Management
Netherlands
$14.6M +$7.57M +60,848 +86%
Teacher Retirement System of Texas
88
Teacher Retirement System of Texas
Texas
$14.5M +$1.65M +13,296 +11%
FFA
89
First Foundation Advisors
California
$14.1M -$3.97M -31,908 -20%
Victory Capital Management
90
Victory Capital Management
Texas
$14M +$15.1M +121,239 +2,456%
UBS Group
91
UBS Group
Switzerland
$13.3M +$2.53M +20,353 +20%
NI
92
NFC Investments
Tennessee
$13M -$119K -960 -0.8%
PNC Financial Services Group
93
PNC Financial Services Group
Pennsylvania
$12.9M +$262K +2,104 +2%
SI
94
SCP Investment
California
$12.2M +$1.24M +10,000 +10%
AllianceBernstein
95
AllianceBernstein
Tennessee
$12.1M +$5.29M +42,501 +63%
Mitsubishi UFJ Trust & Banking
96
Mitsubishi UFJ Trust & Banking
Japan
$11.9M +$2.48M +19,923 +23%
VIP
97
Vantage Investment Partners
Missouri
$11.9M +$4.66M +37,421 +54%
Hudson Bay Capital Management
98
Hudson Bay Capital Management
Connecticut
$11.1M -$35M -281,137 -74%
HGM
99
Highside Global Management
Texas
$11.1M +$12.4M +100,000 New
KBC Group
100
KBC Group
Belgium
$10.9M +$503K +4,042 +4%

LBRDK Hedge Fund Activity: Q1 2020 in Review

429 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class C (LBRDK) for Q1 2020, worth a combined $11B — down 13% from $12.7B a quarter earlier.

Sellers outnumbered buyers: 66 funds closed out of LBRDK and 64 opened new positions — a net loss of 2 holders — while 127 trimmed existing stakes and 141 added.

The largest buyer was Cat Rock Capital Management, opening a new position worth an estimated $194M. The largest seller was Coatue Management, cutting an estimated $400M.

  • 429 institutional investors held Liberty Broadband Class C (LBRDK) as of Q1 2020, down from 437 in Q4 2019.
  • Funds reported $11B of Liberty Broadband Class C stock for Q1 2020, down 13% quarter-over-quarter.
  • 64 funds opened new Liberty Broadband Class C positions in Q1 2020 and 66 closed out, a net change of -2 holders.
  • The largest Liberty Broadband Class C buyer in Q1 2020 was Cat Rock Capital Management, an estimated $194M added.
  • The largest Liberty Broadband Class C seller in Q1 2020 was Coatue Management, an estimated $400M sold.

Based on aggregated 13F filings for Q1 2020.