What smart money is saying about Liberty Capital
FWONA
No fund has written a full thesis on Liberty Capital in our archive, but 2 fund letters report a position in it — most recently Alluvium Global Fund Conventum in June 2026.
Get an email when a fund writes about it
2
Reported positions
1
Bought
0
Sold
2
Letters
Position history
Every position in Liberty Capital on record in the archive was reported in Q2 2026, across 2 fund letters — 1 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 2 | 1 | 0 | 0 |
Fund activity · 2 positions · 1 move
- June 2026
“GCI Liberty, the Alaskan cable business that was spun out of Liberty Broadband, has been renamed Liberty Capital (to reflect a future which is expected to include a broader array of businesses, and with its legacy GCI Alaska cable business being the solid “cash cow”). It fell 40.6%. There was plenty of news. Most notable was its USD 360m acquisition of Quintillion, which owns around 3,000 kilometres of fibre cable and plans to expand it by a further 2,500 kilometres or so. This perfectly aligns with Liberty’s GCI operations. We understand Quintillion generates around USD 55-60m in revenue and USD 30m in free cash. We would expect significant synergies (reportedly around USD 20m) so we have little doubt that the deal adds value. And in fact, when we incorporate it into our model, the valuation uplift is around 35%. Management also decided to retreat from the competitive and low margin video business. And finally, Liberty Capital had intended to acquire an interest in Liberty Latin America by striking a deal for an initial 6% stake and building on that by buying John Malone’s interest. For some reason this did not proceed which perhaps spooked the market. With the share price falling (to levels approximating half our valuation), and encouraged by its CEO buying shares, we increased our position such that it now represents 3.4% of he Fund.”
Liberty Capital - June 2026
Listed in Baron Small Cap Strategy’s reported holdings.
Liberty Capital
Read the letters behind these Liberty Capital positions
Every quote above comes from a fund letter in our archive. Get unlimited access to the letters themselves — and to Warren AI, which reads all of them for you.
View plans→Share this ledger