LBRDB News and Press, Liberty Broadband Corp From 11/01/22

Summary Several long-standing biopharmaceutical holdings drove performance. An unprecedented set of global challenges makes it more important than ever to own cash-generative businesses with strong balance sheets that can take advantage of dislocations in the market and the econom...

Summary Strategy returns with a low correlation to mega cap growth companies, reflected in our high active share, proved beneficial in the third quarter. From a sector perspective, several long-standing biopharmaceutical positions as well as newer disruptive technology holdings dr...

Summary In retrospect, I wish I had cut the position in Liberty Broadband more aggressively last quarter. Tom Rutledge’s unexpected early retirement from the CEO role has not helped matters. With approximately 25m non-Charter potential wireless customers within the area...

Summary Alphyn Capital Management LLC (“ACML”) is a registered investment advisor in New York. We help clients invest in high quality public companies to both preserve and grow their wealth over the long-term. The Master Account returned -10.95% net in Q3 2022 vs -4....

Summary Harris Associates’ 13F portfolio value decreased from $75.90B to $62.85B this quarter. They increased Amazon.com, Meta Platforms, and Salesforce while reducing Keurig Dr. Pepper, Humana, Regeneron Pharma, CVS Health, Constellation Brands, and General Dynamics. T...

Summary Ruane, Cunniff, & Goldfarb’s 13F portfolio value decreased from $10.15B to $7.67B this quarter. The number of positions decreased from 34 to 31. They increased Intercontinental Exchange, Netflix, and Wayfair while decreasing Alphabet, UnitedHealth, Elevance Heal...

Summary Wallace Weitz's 13F portfolio value decreased from $2.26B to $1.91B this quarter. The number of positions decreased from 60 to 58. Weitz Investment Management increased Danaher and Roper Technologies while reducing Markel and dropping AutoZone during the quarter. The t...

Summary Southeastern’s 13F portfolio value decreased from $5.66B to $4.74B this quarter. The number of positions increased from 35 to 36. They increased IAC/Interactive, Hyatt Hotels, General Electric, Warner Bros. Discovery, and Liberty Broadband and Affiliated Managers Gr...

Summary Utilizing the ongoing market sell-off, Soros Fund Management, also known as the "Soros Fund", doubled down on some of the household names within the technology sector ahead of the recent. The fund seems to have significantly increased its efforts to pursue attractive merge...

Soros' 13F portfolio value decreased from $6.57B to $5.62B this quarter. The number of positions decreased from 273 to 271. Soros increased Alphabet, Amazon.com, and Salesforce.com while reducing Rivian and Liberty Broadband. They also increased the leveraged long positions on the...