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Published on 1 Aug 2022 on Insider Monkey via Yahoo Finance

Here’s Why Giverny Capital Exited its Liberty Broadband (LBRDA) Stake


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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):

NASDAQ.LBRDA price evolution
NASDAQ.LBRDK price evolution

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