Meridian Funds, managed by ArrowMark Partners, released its “Meridian Hedged Equity Fund” third-quarter 2025 investor letter. The fund returned 1.67% (net) during the quarter, compared to 8.13% returns of the S&P 500 Index. The fund highlighted Liberty Broadband Corporation (NASDAQ:LBRDK) as a top pick, with one-month return of 2.86%.

In its third-quarter 2025 investor letter, Meridian Hedged Equity Fund discussed Liberty Broadband Corporation (NASDAQ:LBRDK), a communication services provider headquartered in Englewood, Colorado. Liberty Broadband Corporation (NASDAQ:LBRDK) stock closed at $47.77 per share on December 23, 2025, with a market capitalization of $6.854 billion.

Meridian Hedged Equity Fund detailed the investment case for Liberty Broadband Corporation (NASDAQ:LBRDK) in its third quarter 2025 investor letter. The fund emphasized the potential benefits of a future merger between Liberty Broadband and Charter Communications, as well as the recent spin-off of GCI subsidiary.

According to data, 54 hedge fund portfolios held Liberty Broadband Corporation (NASDAQ:LBRDK) at the end of the third quarter, up from 50 in the previous quarter. While the fund acknowledges the potential of Liberty Broadband Corporation (NASDAQ:LBRDK) as an investment, it believes certain AI stocks offer greater upside potential and less downside risk.

Read more at Yahoo Finance: Here’s Meridian Hedged Equity Fund’s Updates on Liberty Broadband Corporation (LBRDK)