Liberty Global

LBTYK and LBTYA and LBTYB • NASDAQ

Liberty Global is a telecommunications services company in the communication services sector on NASDAQ, led by Michael T. Fries, with a market cap of $3.7B. As of Q3 2025, 79% of shares are held by 352 institutional investors, with Alpine Investment Management, LLC as the largest holder at 8.32%.

Chief Executive OfficerMichael T. Fries

Market Cap$3.7B

Telecommunications Services

Communication Services

Employees9.9K

Websitelibertyglobal.com

Country

United States of America

Overview

Overview of institutional ownership in LBTYK and LBTYA and LBTYB as of Q3 2025 with a market cap of $4.0B

All Institutions

Institutions: 352
Value Held: $3.2B
Shares Held: 274.2M
Avg Position: $5.9M
Median Position: $328.0K

Hedge Funds

Hedge Funds: 51
Value Held: $1.1B
Shares Held: 96.1M
Avg Position: $15.2M
Median Position: $1.9M

Ownership Breakdown

Institutional (non-HF)

51.66%

$2.1B

Hedge Funds

27.78%

$1.1B

Retail & Other

20.56%

$823.1M

Based on market cap of $4.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in LBTYK and LBTYA and LBTYB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Alpine Investment Management, LLC Long Only Manager	Nicholas Virgil Tompras CEO	$327.1M 5.59% of portfolio	8.32% 28.4M shares	Q1 2015 Held for 10y 8m	$5.9B
BAUPOST GROUP LLC/MA Hedge Fund•Value	Seth Andrew Klarman CEO	$312.7M 6.91% of portfolio	7.85% 26.7M shares	Q3 2018 Held for 7y 2m	$4.5B
B BlackRock, Inc. Institution	-	$185.8M 0.00% of portfolio	4.70% 16.0M shares	Q4 2013 Held for 11y 11m	$5.67T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$182.3M 0.04% of portfolio	4.61% 15.7M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
R Rubric Capital Management LP Hedge Fund•Long/Short	Margaret Kossakowski CFO	$142.1M 2.05% of portfolio	3.61% 12.3M shares	Q4 2023 Held for 1y 11m	$6.9B
DODGE & COX Long Only Manager	Dana Morton Emery CEO	$133.2M 0.07% of portfolio	3.36% 11.4M shares	≤ Q2 2013 Held for 12y 5m+	$185.33B
OAKTREE CAPITAL MANAGEMENT LP Hedge Fund•Multi-Strategy	Armen Ryan Panossian CEO	$98.0M 2.08% of portfolio	2.51% 8.6M shares	Q4 2022 Held for 2y 11m	$4.7B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$92.2M 0.12% of portfolio	2.34% 8.0M shares	≤ Q2 2013 Held for 12y 5m+	$75.8B
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$89.0M 0.06% of portfolio	2.28% 7.8M shares	Q3 2019 Held for 6y 2m	$156.17B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$87.5M 0.00% of portfolio	2.21% 7.5M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T

Net Capital Flow

Institutional buying and selling activity for LBTYK and LBTYA and LBTYB in Q3 2025

Traded: +$62.2M
Buyers: 177
Sellers: 153
Total Bought: +$274.2M
Total Sold: −$212.0M
Avg Position: $8.0M

Biggest Buyers

Institution	Net Bought	Current Position
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$61.7M +5.4M shares	$89.0M 7.8M shares
R Rubric Capital Management LP Hedge Fund•Long/Short	+$38.3M +3.3M shares	$142.1M 12.3M shares
A AMERICAN CENTURY COMPANIES INC Institution	+$17.3M +1.5M shares	$63.2M 5.5M shares
Highland Peak Capital, LLC Hedge Fund•Multi-Strategy	+$13.3M +1.2M shares	$13.3M 1.2M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$11.6M +1.0M shares	$15.4M 1.3M shares
Alpine Investment Management, LLC Long Only Manager	+$7.5M +656.7K shares	$327.1M 28.4M shares
UBS Group AG Institution	+$6.2M +543.7K shares	$29.2M 2.5M shares
Jain Global LLC Hedge Fund•Multi-Strategy	+$6.2M +524.5K shares	$6.3M 536.1K shares
C Carmignac Gestion Institution	+$5.3M +158.2K shares	$5.3M 158.2K shares
G Grantham, Mayo, Van Otterloo & Co. LLC Long Only Manager	+$5.2M +452.7K shares	$5.2M 452.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
BAUPOST GROUP LLC/MA Hedge Fund•Value	−$35.3M −3.0M shares	$312.7M 26.7M shares
I Ilex Capital Partners LLP Institution	−$24.2M −2.4M shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$15.6M −1.4M shares	$25.0M 2.2M shares
Q Qube Research & Technologies Ltd Institution	−$11.3M −1.1M shares	Sold Off 0 shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	−$10.1M −1.0M shares	$420.3K 35.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$6.2M −537.2K shares	$17.2M 1.5M shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$5.9M −513.9K shares	$3.4M 297.2K shares
BARCLAYS PLC Institution	−$5.9M −515.9K shares	$14.2M 1.2M shares
Luxor Capital Group, LP Hedge Fund•Multi-Strategy	−$5.9M −517.4K shares	$27.8M 2.4M shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$5.6M −479.4K shares	$3.4M 287.4K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited LBTYK and LBTYA and LBTYB in Q3 2025

New Positions: 33
New Value: $24.9M
Exited Positions: 47
Exited Value: $50.4M

New Positions

Institution	Position Value
Highland Peak Capital, LLC Hedge Fund•Multi-Strategy	$13.3M 1.2M shares
IEQ CAPITAL, LLC RIA/Wealth	$4.4M 380.4K shares
Atom Investors LP Hedge Fund•Market Neutral	$1.5M 127.8K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	$1.4M 125.9K shares
C Capula Management Ltd Institution	$505.6K 43.0K shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$401.1K 35.0K shares
R Rangeley Capital, LLC Hedge Fund•Event Driven	$352.5K 30.0K shares
BRIGHTON JONES LLC RIA/Wealth	$328.0K 28.6K shares
NorthRock Partners, LLC RIA/Wealth	$311.8K 26.8K shares
C Colony Group, LLC Institution	$271.3K 23.7K shares

Exited Positions

Institution	Previous Position
I Ilex Capital Partners LLP Institution	$24.2M 2.4M shares
Q Qube Research & Technologies Ltd Institution	$11.3M 1.1M shares
I Illinois Municipal Retirement Fund Institution	$2.6M 254.2K shares
L LMR Partners LLP Institution	$2.2M 215.4K shares
C Crossmark Global Holdings, Inc. Institution	$1.7M 166.0K shares
W Winton Capital Group Ltd Institution	$1.2M 115.4K shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	$1.0M 101.2K shares
BKM Wealth Management, LLC RIA/Wealth	$540.4K 54.0K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$501.8K 50.1K shares
Bleichroeder LP Hedge Fund•Value	$473.9K 46.3K shares

Options Activity

Institutions with the largest Call and Put options positions in LBTYK and LBTYA and LBTYB as of Q3 2025

Call Positions: 13
Call Value: $42.1M
Put Positions: 7
Put Value: $40.2M

Call Positions

Institution	Position Value
Luxor Capital Group, LP Hedge Fund•Multi-Strategy	$8.6M 7.5K contracts
Centiva Capital, LP Hedge Fund•Multi-Strategy	$7.0M 6.1K contracts
C Concentric Capital Strategies, LP Hedge Fund•Long/Short	$6.2M 5.4K contracts
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$5.8M 5.0K contracts
N NOMURA HOLDINGS INC Institution	$5.7M 5.0K contracts
J JANE STREET GROUP, LLC Institution	$4.1M 3.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.7M 2.3K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$871.0K 760.0 contracts
Walleye Trading LLC RIA/Wealth	$422.9K 416.0 contracts
GOLDMAN SACHS GROUP INC Institution	$379.3K 331.0 contracts

Put Positions

Institution	Position Value
Centiva Capital, LP Hedge Fund•Multi-Strategy	$20.3M 17.7K contracts
N NOMURA HOLDINGS INC Institution	$7.6M 6.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.4M 3.0K contracts
W WOLVERINE TRADING, LLC Institution	$3.2M 2.8K contracts
Walleye Trading LLC RIA/Wealth	$2.9M 2.6K contracts
J JANE STREET GROUP, LLC Institution	$1.7M 1.5K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.1M 970.0 contracts

Most Committed Institutions

Institutions with LBTYK and LBTYA and LBTYB as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Lancaster Investment Management LLP Hedge Fund•Long/Short	Christopher Richard Lamplough CEO	21.89% $47.6M	1.22% 4.2M shares	Q4 2023 Held for 1y 11m	$217.5M
FIRST WILSHIRE SECURITIES MANAGEMENT INC RIA/Wealth	Howard Haoming Lu CEO	8.44% $31.7M	0.81% 2.8M shares	Q4 2019 Held for 5y 11m	$375.8M
BAUPOST GROUP LLC/MA Hedge Fund•Value	Seth Andrew Klarman CEO	6.91% $312.7M	7.85% 26.7M shares	Q3 2018 Held for 7y 2m	$4.5B
S SkyKnight Capital, L.P. Private Equity	Matthew Christopher Ebbel Managing Partner	6.06% $5.0M	0.12% 425.0K shares	Q4 2021 Held for 3y 11m	$81.8M
Alpine Investment Management, LLC Long Only Manager	Nicholas Virgil Tompras CEO	5.59% $327.1M	8.32% 28.4M shares	Q1 2015 Held for 10y 8m	$5.9B
Highland Peak Capital, LLC Hedge Fund•Multi-Strategy	Seth Se Eung Kirner Managing Partner	4.98% $13.3M	0.34% 1.2M shares	Q3 2025 Held for 2 months	$267.0M
Luxor Capital Group, LP Hedge Fund•Multi-Strategy	Christian Alexander Leone CEO	3.89% $27.8M	0.71% 2.4M shares	Q4 2014 Held for 10y 11m	$713.8M
Hi-Line Capital Management, LLC RIA/Wealth	Matthew Thomas Roby President	3.63% $11.5M	0.29% 1.0M shares	Q3 2022 Held for 3y 2m	$316.8M
W Wallace Capital Management Inc. Hedge Fund•Multi-Strategy	Christopher Lee Thomason President	2.81% $22.6M	0.57% 2.0M shares	Q2 2018 Held for 7y 5m	$804.5M
D DME Capital Management, LP Hedge Fund•Long/Short	David Michael Einhorn President	2.35% $59.8M	1.53% 5.2M shares	Q1 2024 Held for 1y 8m	$2.5B

Hedge Fund Spotlight

Discover hedge funds investing in LBTYK and LBTYA and LBTYB

Neo Ivy Capital Management

Hedge Fund • Quant

Portfolio ManagerRanting Yao

Portfolio Value: $410.0M
Positions: 373
Last Reported: Q3 2025

Sector Allocation

Position in Liberty Global

LBTYK and LBTYA and LBTYB

Market Value: $3.2M
Shares Held: 323.1K
Portfolio Weight: 1.83%
Owned Since: 2018-Q4

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2 Ford Motor Company F	Auto - Manufacturers Consumer Cyclical	$5.0M	1.22%
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