Liberty Broadband Corporation
LBRDA and LBRDK • NASDAQ
Liberty Broadband Corporation is a telecommunications services company in the communication services sector on NASDAQ, led by Martin E. Patterson, with a market cap of $6.9B. As of Q3 2025, 81% of shares are held by 402 institutional investors, with VANGUARD GROUP INC as the largest holder at 8.89%.
President and Chief Executive OfficerMartin E. Patterson
Market Cap$6.9B
Telecommunications Services
Communication Services
Employees1.9K
Websitelibertybroadband.com
Country
United States of America
Overview
Overview of institutional ownership in LBRDA and LBRDK as of Q3 2025 with a market cap of $9.1B
All Institutions
- Institutions
- 402
- Value Held
- $7.4B
- Shares Held
- 116.4M
- Avg Position
- $12.6M
- Median Position
- $390.6K
Hedge Funds
- Hedge Funds
- 60
- Value Held
- $2.3B
- Shares Held
- 35.6M
- Avg Position
- $29.0M
- Median Position
- $9.5M
Ownership Breakdown
Based on market cap of $9.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in LBRDA and LBRDK as of Q3 2025
| Institution | Position Value |
|---|---|
 VANGUARD GROUP INC Institution | $809.9M 0.01% of portfolio |
 EAGLE CAPITAL MANAGEMENT LLC Long Only Manager | $438.4M 1.40% of portfolio |
 HARRIS ASSOCIATES L P Long Only Manager | $407.1M 0.65% of portfolio |
B BlackRock, Inc. Institution | $396.5M 0.01% of portfolio |
 HBK INVESTMENTS L P Hedge Fund•Multi-Strategy | $360.6M 5.98% of portfolio |
 ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy | $301.7M 14.97% of portfolio |
 DIMENSIONAL FUND ADVISORS LP Long Only Manager | $218.4M 0.05% of portfolio |
 Pentwater Capital Management LP Hedge Fund•Event Driven | $180.5M 1.71% of portfolio |
 MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | $168.0M 0.14% of portfolio |
 Ruane, Cunniff & Goldfarb L.P. Long Only Manager | $161.5M 2.68% of portfolio |
Net Capital Flow
Institutional buying and selling activity for LBRDA and LBRDK in Q3 2025
- Traded
- −$381.4M
- Buyers
- 178
- Sellers
- 226
- Total Bought
- +$1.6B
- Total Sold
- −$2.0B
- Avg Position
- $15.2M
Biggest Buyers
| Institution | Net Bought |
|---|---|
HBK INVESTMENTS L P Hedge Fund•Multi-Strategy | +$360.6M +5.7M shares |
A ADAGE CAPITAL PARTNERS GP LLC Institution | +$121.1M +1.9M shares |
 JPMORGAN CHASE & CO Institution | +$113.6M +1.8M shares |
 MORGAN STANLEY RIA/Wealth | +$81.9M +1.3M shares |
N Neuberger Berman Group LLC Institution | +$56.8M +896.4K shares |
 Marshall Wace LLP Institution | +$54.0M +849.7K shares |
 BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | +$52.3M +823.8K shares |
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | +$43.0M +676.5K shares |
 TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy | +$41.5M +652.9K shares |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | +$38.3M +602.8K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
 FARALLON CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy | −$426.2M −4.3M shares |
 Elliott Investment Management L.P. Hedge Fund•Multi-Strategy | −$234.6M −2.4M shares |
ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy | −$177.7M −2.8M shares |
 GOLDMAN SACHS GROUP INC Institution | −$151.6M −2.4M shares |
S SOROS FUND MANAGEMENT LLC Institution | −$141.7M −1.4M shares |
 BARCLAYS PLC Institution | −$126.3M −2.0M shares |
 PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager | −$86.4M −1.4M shares |
 BAUPOST GROUP LLC/MA Hedge Fund•Value | −$74.1M −753.2K shares |
 DEUTSCHE BANK AG\ Institution | −$71.6M −1.1M shares |
 BANK OF AMERICA CORP /DE/ Institution | −$55.1M −867.2K shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited LBRDA and LBRDK in Q3 2025
- New Positions
- 19
- New Value
- $92.1M
- Exited Positions
- 83
- Exited Value
- $1.0B
New Positions
| Institution | Position Value |
|---|---|
 ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb | $32.3M 508.7K shares |
 Woodline Partners LP Hedge Fund•Long/Short | $19.6M 308.4K shares |
P PICTON MAHONEY ASSET MANAGEMENT Institution | $14.3M 225.0K shares |
 SummitTX Capital, L.P. Hedge Fund•Multi-Strategy | $12.6M 198.8K shares |
 GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy | $10.0M 156.9K shares |
 Optimize Financial Inc RIA/Wealth | $1.6M 24.7K shares |
 Union Bankshares Corp Institution | $718.1K 11.3K shares |
 NorthRock Partners, LLC RIA/Wealth | $361.9K 5.7K shares |
 SCHMEIDLER A R & CO INC RIA/Wealth | $300.8K 4.8K shares |
C CAXTON ASSOCIATES LLP Institution | $252.9K 4.0K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
FARALLON CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy | $426.2M 4.3M shares |
Elliott Investment Management L.P. Hedge Fund•Multi-Strategy | $234.6M 2.4M shares |
S SOROS FUND MANAGEMENT LLC Institution | $141.7M 1.4M shares |
BAUPOST GROUP LLC/MA Hedge Fund•Value | $74.1M 753.2K shares |
C COOPER CREEK PARTNERS MANAGEMENT LLC Hedge Fund•Long/Short | $29.1M 296.2K shares |
N NATIXIS Institution | $15.3M 155.9K shares |
 Robeco Investment Management, Inc. Long Only Manager | $12.8M 129.8K shares |
H HIGHBRIDGE CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy | $11.1M 112.8K shares |
 CONTRAVISORY INVESTMENT MANAGEMENT, INC. Long Only Manager | $10.8M 109.7K shares |
 NINE MASTS CAPITAL Ltd Institution | $10.0M 101.2K shares |
Options Activity
Institutions with the largest Call and Put options positions in LBRDA and LBRDK as of Q3 2025
- Call Positions
- 7
- Call Value
- $12.4M
- Put Positions
- 5
- Put Value
- $1.9M
Call Positions
| Institution | Position Value |
|---|---|
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $8.7M 1.4K contracts |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $1.5M 231.0 contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $1.4M 218.0 contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $393.9K 62.0 contracts |
J JANE STREET GROUP, LLC Institution | $317.7K 50.0 contracts |
 Brooklands Fund Management Ltd Hedge Fund•Multi-Strategy | $183.9K 28.9 contracts |
Y Yakira Capital Management, Inc. Hedge Fund•Event Driven | - - contracts |
Put Positions
| Institution | Position Value |
|---|---|
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $1.1M 175.0 contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $336.8K 53.0 contracts |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $228.7K 36.0 contracts |
B Belvedere Trading LLC Institution | $215.3K 34.0 contracts |
 TORONTO DOMINION BANK Institution | - - contracts |
Most Committed Institutions
Institutions with LBRDA and LBRDK as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
S STONEHILL CAPITAL MANAGEMENT LLC Hedge Fund•Distressed | 19.17% $32.5M |
J JNE Partners LLP Institution | 17.27% $40.6M |
ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy | 14.97% $301.7M |
 Slotnik Capital, LLC Hedge Fund•Event Driven | 14.18% $39.3M |
A Athos Capital Ltd Institution | 11.53% $10.7M |
W WHITEBOX ADVISORS LLC Hedge Fund•Multi-Strategy | 8.67% $114.3M |
 Fort Baker Capital Management LP Hedge Fund•Quant Macro | 8.40% $40.4M |
 Kintayl Capital LP Hedge Fund•Long/Short | 8.30% $12.1M |
M Mount Capital Ltd Institution | 8.22% $22.9M |
B BISLETT MANAGEMENT, LLC Hedge Fund•Value | 7.57% $10.4M |
Hedge Fund Spotlight
Discover hedge funds investing in LBRDA and LBRDK
HBK INVESTMENTS L P
Hedge Fund • Multi-Strategy
Portfolio ManagerMatthew Atcheson Leffers
- Portfolio Value
- $6.0B
- Positions
- 99
- Last Reported
- Q3 2025
Sector Allocation
Position in Liberty Broadband Corporation
LBRDA and LBRDK
- Market Value
- $431.3M
- Shares Held
- 6.5M
- Portfolio Weight
- 7.63%
- Owned Since
- 2014-Q4
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Software - Infrastructure Technology | $1.1B | 18.82% | |
Unknown Unknown | $455.0M | 7.54% | |
Industrial - Machinery Industrials | $425.9M | 7.06% |
