Here’s Meridian Hedged Equity Fund’s Updates on Liberty Broadband Corporation (LBRDK)

In its third-quarter 2025 capitalist letter, Meridian Hedged Equity Fund highlighted stocks specified arsenic Liberty Broadband Corporation (NASDAQ:LBRDK). Headquartered successful Englewood, Colorado, Liberty Broadband Corporation (NASDAQ:LBRDK) is simply a connection services provider. One-month instrumentality of Liberty Broadband Corporation (NASDAQ:LBRDK) was 2.86%, and its shares mislaid 33.59% of their worth implicit the past 52 weeks. On December 23, 2025, Liberty Broadband Corporation (NASDAQ:LBRDK) banal closed astatine $47.77 per share, with a marketplace capitalization of $6.854 billion.

Meridian Hedged Equity Fund stated the pursuing regarding Liberty Broadband Corporation (NASDAQ:LBRDK) successful its 3rd 4th 2025 capitalist letter:

"Liberty Broadband Corporation (NASDAQ:LBRDK) is simply a holding institution with a 26% ownership involvement successful cablegram relation Charter Communications and afloat ownership of GCI, a broadband and wireless supplier successful Alaska. The concern lawsuit remains straightforward: Liberty Broadband’s shares commercialized astatine a meaningful discount to the worth of its underlying assets— chiefly its Charter stake—with a prospective merger betwixt the 2 companies serving arsenic the main catalyst for worth realization. The banal underperformed during the period, mostly reflecting weaker sentiment crossed the cablegram assemblage pursuing Charter’s softer second-quarter net update. Demonstrating the imaginable benefits of a aboriginal operation with Charter and a much streamlined firm structure, Liberty completed the spin-off of its GCI subsidiary into a standalone entity successful July. GCI’s shares traded astir 20% higher pursuing their listing, partially offsetting Liberty’s earlier weakness. Later successful the period, Liberty’s shares recovered immoderate crushed aft the announcement of a definitive merger statement with Charter. With GCI present independent, Liberty Broadband’s absorption tin absorption exclusively connected maximizing worth from its Charter concern up of the merger, portion GCI gains autonomy to prosecute Alaska-focused maturation initiatives."