Should You Still Consider Investing in Liberty Broadband (LBRDK)?

Clark Street Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. An annual portfolio return of 74.99% was recorded by the fund for the year 2021, versus 28.71% for the S&P 500, and an IRR since the inception of 29.12%.  over the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Clark Street Value, in its Q4 2021 investor letter, mentioned Liberty Broadband Corporation (NASDAQ: LBRDK) and discussed its stance on the firm. Liberty Broadband Corporation is an Englewood, Colorado-based communication company with a $27.0 billion market capitalization. LBRDK delivered a -4.71% return since the beginning of the year, while its 12-month returns are up by 2.98%. The stock closed at $153.52 per share on January 13, 2022.

Here is what Clark Street Value has to say about Liberty Broadband Corporation in its Q4 2021 investor letter:

“I’ve held Liberty Broadband (LBRDK) through a few iterations, bought in prior to the General Communications deal with the old LVNTA as a merger arb, owned it through its time as GLIBA, I’ll continue to hold.  Maybe this is the year CHTR cleans up their ownership structure and takes out Liberty Broadband?”

Photo by Mika Baumeister on Unsplash

Our calculations show that Liberty Broadband Corporation (NASDAQ: LBRDK) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. LBRDK was in 63 hedge fund portfolios at the end of the third quarter of 2021, compared to 63 funds in the previous quarter. Liberty Broadband Corporation (NASDAQ: LBRDK) delivered a -8.58% return in the past 3 months.

In October 2021, we published an article that includes LBRDK in the 10 Stocks to Buy According to Bluegrass Capital Partners. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.