Hedge Funds Are Betting On Liberty Broadband Corp (LBRDA)

As one would reasonably expect, key money managers have jumped into Liberty Broadband Corp (NASDAQ:LBRDA) headfirst. Cheyne Capital, managed by Jonathan Lourie and Stuart Fiertz, established the most valuable position in Liberty Broadband Corp (NASDAQ:LBRDA). Cheyne Capital had $5.5 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also initiated a $2.3 million position during the quarter. The following funds were also among the new LBRDA investors: Ian Cumming and Joseph Steinberg’s Leucadia National, Bart Baum’s Ionic Capital Management, and Matthew Hulsizer’s PEAK6 Capital Management.

Let’s go over hedge fund activity in other stocks similar to Liberty Broadband Corp (NASDAQ:LBRDA). These stocks are Spirit Realty Capital Inc (NYSE:SRC), Companhia de Saneamento Basico (ADR) (NYSE:SBS), Trimble Navigation Limited (NASDAQ:TRMB), and Kilroy Realty Corp (NYSE:KRC). This group of stocks’ market valuations are similar to LBRDA’s market valuation.

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $323 million. That figure was $400 million in LBRDA’s case. Trimble Navigation Limited (NASDAQ:TRMB) is the most popular stock in this table. On the other hand Kilroy Realty Corp (NYSE:KRC) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks Liberty Broadband Corp (NASDAQ:LBRDA) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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