Billionaire Seth Klarman’s 10 Stock Picks with Huge Upside Potential

4. Liberty Broadband Corporation (NASDAQ:LBRDK)

Upside Potential as of April 29: 50.76%

Baupost Group’s Stake Value: $12,755,000

Liberty Broadband Corporation (NASDAQ:LBRDK) is a holding company with interests in various industries. The company has ownership stakes in Charter Communications, one of the largest cable operators in the U.S., and Skyhook, a provider of location technology and intelligence services.

In Q4 2024, Liberty Broadband (NASDAQ:LBRDK) reported that the fair value of its Charter investment was $15.5 billion. For the full year, the company’s GCI subsidiary grew revenue by 4% to $1.0 billion. It also generated $144 million in operating income and $362 million in adjusted OIBDA.

But despite the robust operational performance, the stock’s focus has largely shifted to the company’s pending corporate transactions that will reshape its structure. Nevertheless, the stock continues to soar, with year-to-date performance reaching 16.28% as of April 29. On March 31, 2025, Benchmark revised its price target on Liberty Broadband (NASDAQ:LBRDK) from $130 to $115 and kept a Buy rating.