Published on 1 Aug 2022 on Insider Monkey via Yahoo Finance
Giverny Capital Asset Management LLC recently published its second quarter investor letter 2022, which can be downloaded here. The fund’s model portfolio returns declined by 18.48% net of fees in the second quarter of 2022. The current events in the market influenced the stocks’ short-term prices. The fund generated an annualized return of 17.02% over the last nine quarters, net of fees. You can check the top 5 holdings of the fund to see its best picks for 2022.
In the second quarter 2022 investor letter, Giverny Capital Asset Management mentioned that it exited Liberty Broadband Corporation (NASDAQ:LBRDA). Liberty Broadband Corporation (NASDAQ:LBRDA) is a communication business provider and has a market capitalization of $19.494 billion. The company operates in GCI Holdings and Charter segments. The one-month return of Liberty Broadband Corporation (NASDAQ:LBRDA) is 0.25% while its 12-month return dropped to -37.17%. The stock of Liberty Broadband Corporation (NASDAQ:LBRDA) closed at $107.93 per share on July 29, 2022.
Here is what Giverny Capital Asset Management specifically said about Liberty Broadband Corporation (NASDAQ:LBRDA):