LBRDA Overview

Contrarian Investment Strategy: Validea's Contrarian Investor model, based on David Dreman's strategy, identifies unpopular mid- and large-cap stocks with improving fundamentals, highlighting Liberty Broadband Corp (LBRDA) as a notable example with a rating increase from 63% to 77%.

Company Overview: Liberty Broadband Corporation primarily invests in Charter Communications, a major broadband and cable operator serving over 57 million homes and businesses across 41 states, offering a variety of services including internet, TV, and mobile.

Performance Metrics: The analysis of LBRDA includes a detailed examination of its strengths and weaknesses according to Dreman's investment criteria, with a score above 80% indicating potential interest in the stock.

About David Dreman and Validea: David Dreman is recognized for his successful investment strategies, particularly through his Kemper-Dreman High Return Fund, while Validea provides investment research based on the strategies of renowned investors like Dreman, Buffett, and Graham.

New Positions: Baupost Group, led by Seth Klarman, established new stakes in Union Pacific Corp, Genuine Parts Company, and Americold Realty Trust during the third quarter, with Union Pacific becoming one of the fund's top holdings.

Exited Positions: The hedge fund completely exited its investments in several companies, including Liberty Broadband Class A, Amcor PLC, and Viasat Inc, among others.

Changes to Existing Positions: Significant increases in shares were noted for Elevance Health (+114%) and Restaurant Brands International (+104%), while notable decreases were seen in WESCO International (-32%) and Alphabet Inc (-29%).

Top Holdings: As of September 30, the fund's major holdings included Restaurant Brands International (11%), Alphabet (9.4%), and Elevance Health (8.9%), with Dollar General being the only position that remained unchanged in the third quarter.

Conference Call Announcement: Liberty Broadband Corp will hold a conference call on November 5, 2025, at 11:15 AM ET to discuss its Q3 2025 earnings results.

Access Information: The live webcast can be accessed through Liberty Broadband's investor relations website, and listeners can join the call by dialing the provided phone numbers with the specified Conference ID.

Investor Meeting Announcement: Liberty Media Corporation will hold its annual Investor Meeting on November 20, 2025, featuring presentations on financial performance and a Q&A session with executives John Malone and Derek Chang.

F1 Business Summit Details: Following the Investor Meeting, Formula 1 will host its F1 Business Summit at Wynn Las Vegas, focusing on networking and discussions among influential figures in sports and entertainment, with limited admission for ticket holders.