Published on 22 May 2024 on Insider Monkey via Yahoo Finance
What Made Liberty Broadband Corporation (LBRDA) Longleaf Partners Fund’s Top Detractor?
Longleaf Partners, managed by Southeastern Asset Management, released its “Partners Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund returned 6.60% in the first quarter, compared to S&P’s 10.56% return and Russell 1000 Value’s 8.99% return. Strong performance across the portfolio holdings delivered significant reruns in the quarter where value investing faced challenges compared to growth strategies. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Longleaf Partners Fund highlighted stocks like Liberty Broadband Corporation (NASDAQ:LBRDA), in the first quarter 2024 investor letter. Incorporated in 2014, Liberty Broadband Corporation (NASDAQ:LBRDA) provides communications services, with a market capitalization of $7.628 billion. One-month return of Liberty Broadband Corporation (NASDAQ:LBRDA) was 6.62%, and its shares lost 29.71% of their value over the last 52 weeks. On May 20, 2024, Liberty Broadband Corporation (NASDAQ:LBRDA) stock closed at $53.65 per share.