Published on 2 May 2022 on Insider Monkey via Yahoo Finance
Alphyn Capital Trimmed its LBRDA Stake, Should You Do the Same?
Alphyn Capital Management, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. A quarterly portfolio net return of -13.4% was recorded by the fund for the first quarter of 2022, compared to its benchmark, the S&P 500 TR Index which delivered a -4.6% return for the same period. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.
In its Q1 2022 investor letter, Alphyn Capital Management mentioned Liberty Broadband Corporation (NASDAQ:LBRDA) and explained its insights for the company. Founded in 2014, Liberty Broadband Corporation (NASDAQ:LBRDA) is an Englewood, Colorado-based media company with a $19.6 billion market capitalization. Liberty Broadband Corporation (NASDAQ:LBRDA) delivered a -29.42% return since the beginning of the year, while its 12-month returns are down by -27.98%. The stock closed at $113.56 per share on April 28, 2022.
Here is what Alphyn Capital Management has to say about Liberty Broadband Corporation (NASDAQ:LBRDA) in its Q1 2022 investor letter: