Liberty Broadband
Look-through NAV vs. the share price — the "basket" (sum of its stakes + private assets − net debt) against what the market pays for the holdco. The gap is the discount/premium; watch it widen and narrow. S&P 500 · LBRDK.
| Charter Communications CHTR | $6.7B | 107% | |
| Other / private / cash (static, 2026-03) | $1.1B | net debt $1.5B | |
Single-asset Charter (CHTR) holdco — ~45.6M CHTR shares (~32% economic) is the whole story. Charter agreed Nov-2024 to acquire LBRD all-stock at 0.236 CHTR/LBRD, expected close ~mid-2027 after a GCI spin-off, so LBRD trades as a near-arb on the 0.236 take-out value rather than its old ~15-25% standalone discount. otherNAV = ~$1.0-1.2bn GCI Holdings (Alaska telecom, being SPUN OFF to LBRD holders before close; SEED ESTIMATE, unlisted today). netDebt $1,540M = $2,565M debt − $1,024M cash at 3/31/2026 (excludes GCI debt, which leaves with the spin). sharesOutM ~144M derived from the deal math (MEDIUM confidence; a raw class screen-scrape sums to ~162M but double-counts stale splits). Verify against LBRD's NAV disclosures.
Stake prices + FX live; net debt / private NAV / share counts are estimates — verify against the holdco's NAV statement. Not investment advice.