Liberty Broadband Class C
LBRDK
380 hedge funds and large institutions have $5.1B invested in Liberty Broadband Class C in 2025 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 114 increasing their positions, 134 reducing their positions, and 65 closing their positions.
1.42% more ownership
Funds ownership: 82.59% → 84.02% (+1.4%)
6% less first-time investments, than exits
New positions opened: 61 | Existing positions closed: 65
3% less funds holding
Funds holding: 391 → 380 (-11)
15% less repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 134
22% less funds holding in top 10
Funds holding in top 10: 18 → 14 (-4)
22% less capital invested
Capital invested by funds: $6.55B → $5.1B (-$1.46B)
68% less call options, than puts
Call options by funds: $403K | Put options by funds: $1.26M
Top Buyers
| 1 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$139M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$58.8M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$53.8M |
| 4 |
Millennium Management
New York
|
+$25.2M |
| 5 |
CAU
Caxton Associates (UK)
London,
|
+$23.3M |
Top Sellers
| 1 |
Harris Associates
Chicago,
Illinois
|
-$117M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$83.2M |
| 3 |
JP Morgan Chase
New York
|
-$73M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$49.8M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
-$31.9M |
LBRDK Hedge Fund Activity: Q4 2025 in Review
380 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Liberty Broadband Class C (LBRDK) for Q4 2025, worth a combined $5.1B — down 22% from $6.55B a quarter earlier.
Sellers outnumbered buyers: 65 funds closed out of LBRDK and 61 opened new positions — a net loss of 4 holders — while 134 trimmed existing stakes and 114 added.
The largest buyer was First Pacific Advisors, opening a new position worth an estimated $139M. The largest seller was Harris Associates, cutting an estimated $117M.
- 380 institutional investors held Liberty Broadband Class C (LBRDK) as of Q4 2025, down from 391 in Q3 2025.
- Funds reported $5.1B of Liberty Broadband Class C stock for Q4 2025, down 22% quarter-over-quarter.
- 61 funds opened new Liberty Broadband Class C positions in Q4 2025 and 65 closed out, a net change of -4 holders.
- The largest Liberty Broadband Class C buyer in Q4 2025 was First Pacific Advisors, an estimated $139M added.
- The largest Liberty Broadband Class C seller in Q4 2025 was Harris Associates, an estimated $117M sold.
Based on aggregated 13F filings for Q4 2025.