Here's Why GCI Liberty (GLIBK) Stock Surged in 2025

Longleaf Partners, managed by Southeastern Asset Management, released its “Small-Cap Fund” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. Longleaf experienced several environments throughout its experience in small-cap investing. This year, the underlying developments in the Fund’s holdings were more promising than the actual stock price returns when compared to the target of inflation plus 10% and the unusual performance of the Russell 2000. In Q4 2025, the Fund returned 1.13% compared to 2.40% for the Russell 3000 Index and 2.19% for the Russell 2000 Index. The Fund’s yearly return was 7.56% compared to 17.15% and 12.81% return for the indexes, respectively. In 2025, Southeastern demonstrated strong performance by protecting investments during market volatility, emphasizing the value of owning solid, free cash flow-generating companies over speculative fads. In addition, please check the Fund’s top five holdings to know its best picks in 2025.

In its fourth-quarter 2025 investor letter, Longleaf Partners Small-Cap Fund highlighted GCI Liberty, Inc. (NASDAQ:GLIBK). GCI Liberty, Inc. (NASDAQ:GLIBK) is a communication services company that provides a range of data, wireless, video, voice, and managed services. The one-month return of GCI Liberty, Inc. (NASDAQ:GLIBK) was 8.00%, and YTD its shares gained 5.21% of their value. On February 24, 2026, GCI Liberty, Inc. (NASDAQ:GLIBK) stock closed at $39.15 per share, with a market capitalization of $1.559 billion.

Longleaf Partners Small-Cap Fund stated the following regarding GCI Liberty, Inc. (NASDAQ:GLIBK) in its fourth quarter 2025 investor letter:

"GCI Liberty, Inc. (NASDAQ:GLIBK) – Alaskan communications company GCI Liberty was a positive contributor for the year. We purchased GCI after it spun out of Liberty Broadband in July. GCI holds the number one position in both consumer and enterprise broadband in Alaska, while also owning the second largest wireless network. Their assets are essentially irreplicable due to the location, climate, and terrain of Alaska. A combination of attractive tax attributes from the spin and a business that will be producing significant FCF in the near term which could allow GCI to be the next iteration of Liberty Media. All-time great Southeastern partner John Malone will remain Chairman at GCI despite stepping back from most other boards, and he has shown his belief in the company through both insider buys and fully backstopping a recently completed $300 million rights offering. The stock appreciated as the market better understood it post-spin, but the company still trades at a sizable discount to Lower 48 telecom assets despite having a much better competitive position."

GCI Liberty, Inc. (NASDAQ:GLIBK) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 44 hedge fund portfolios held GCI Liberty, Inc. (NASDAQ:GLIBK) at the end of the fourth quarter, up from 38 in the previous quarter. While we acknowledge the potential of GCI Liberty, Inc. (NASDAQ:GLIBK) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered GCI Liberty, Inc. (NASDAQ:GLIBK) and shared Baron Discovery Fund's views on the company. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.