Eric Bannasch Portfolio: 5 Biggest Stock Picks

2. Liberty Broadband Corporation (NASDAQ:LBRDA)

Cadian Capital’s Stake Value: $229.25 million
Percentage of Cadian Capital’s 13F Portfolio: 10.17%
Number of Hedge Fund Holders: 28

Liberty Broadband Corporation (NASDAQ:LBRDA) invests in communication companies providing a wide range of cable, data, wireless, video, voice, and managed services.

On October 12, Deutsche Bank analyst Bryan Kraft raised his price target on Liberty Broadband Corporation (NASDAQ:LBRDA) to $196 from $188, and kept a Buy rating on the shares of the company.

As of Q2 2021, Cadian Capital owns over 1.32 million shares of Liberty Broadband Corporation (NASDAQ:LBRDA), amounting to over $229.25 million in worth and accounting for 10.17% of the fund’s portfolio. There were 28 hedge funds in Insider Monkey’s database that held stakes in Liberty Broadband Corporation (NASDAQ:LBRDA) in the second quarter of 2021, compared to 23 funds in the first quarter.

Alphyn Capital Management, in their Q1 2021 investor letter, mentioned Liberty Broadband Corporation (NASDAQ:LBRDA). Here is what the fund said:

“Liberty Broadband completed its merger with GCI, thereby collapsing one layer of the double discount to Charter Communications, presenting a good opportunity to trim that position as well.”