We are live on ! Find out more
LBRDK icon

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
Vanguard Group
1
Vanguard Group
Pennsylvania
$709M +$12.9M +184,623 +2%
Eagle Capital Management (New York)
2
Eagle Capital Management (New York)
New York
$417M +$6.88M +98,450 +2%
Harris Associates
3
Harris Associates
Illinois
$407M -$698K -9,993 -0.2%
HI
4
HBK Investments
Texas
$361M +$397M +5,675,000 New
BlackRock
5
BlackRock
New York
$332M +$24.3M +348,265 +7%
AC
6
Aristeia Capital
Connecticut
$222M -$172M -2,459,005 -41%
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$187M +$12M +171,378 +6%
PCM
8
Pentwater Capital Management
Florida
$170M – – –
Adage Capital Partners
9
Adage Capital Partners
Massachusetts
$161M +$133M +1,905,767 +301%
JP Morgan Chase
10
JP Morgan Chase
New York
$144M +$132M +1,887,742 +493%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$141M +$13.9M +199,343 +10%
Millennium Management
12
Millennium Management
New York
$130M +$48.1M +688,092 +51%
Tudor Investment Corp
13
Tudor Investment Corp
Connecticut
$128M +$45.6M +652,937 +48%
State Street
14
State Street
Massachusetts
$125M -$1.84M -26,267 -1%
RCG
15
Ruane, Cunniff & Goldfarb
New York
$119M -$1.05M -15,050 -0.8%
Morgan Stanley
16
Morgan Stanley
New York
$116M +$85.8M +1,227,755 +203%
Assenagon Asset Management
17
Assenagon Asset Management
Luxembourg
$112M -$46M -657,489 -27%
WA
18
Whitebox Advisors
Minnesota
$92.2M +$4.66M +66,672 +5%
Arrowstreet Capital
19
Arrowstreet Capital
Massachusetts
$90.5M -$9.38M -134,165 -9%
MAM
20
Madison Asset Management
Wisconsin
$84.4M -$30.7M -439,950 -25%
Man Group
21
Man Group
United Kingdom
$76.5M +$17.2M +246,021 +26%
Charles Schwab
22
Charles Schwab
California
$70M +$5.35M +76,558 +7%
RCWMU
23
Rothschild & Co Wealth Management (UK)
United Kingdom
$59.9M +$651K +9,314 +1%
Marshall Wace
24
Marshall Wace
United Kingdom
$59.9M +$54.4M +778,580 +475%
ECP
25
Empyrean Capital Partners
California
$58.5M – – –
1
2 3 4 5

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.