Gci Liberty, Inc.

TREE

DIRECTOR · LENDINGTREE, INC. · CIK 0000808461

FILING MIX · LIFETIME0%/100%

BUYS

SELLS

TOTAL VALUE

$1.01B

COMPANIES

ACTIVE SINCE

Nov 2020

HOLDINGS NOW

2,955,984

AVG SELL PX

$292.46

Trades · vs SPY

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Performance · forward returns vs SPY

2 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Gci Liberty, Inc., measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	2	+100.00%	-21.19%	-1.41%	-19.78%	-19.78%	—
14d	2	+100.00%	-21.18%	-0.14%	-21.04%	-21.04%	—
30d	2	+100.00%	-17.36%	+2.10%	-19.46%	-19.46%	—
60d	2	+100.00%	-6.58%	+4.07%	-10.65%	-10.65%	—
90d	2	+0.00%	+8.96%	+8.76%	+0.20%	+0.20%	—
180d	2	+100.00%	-42.71%	+15.77%	-58.48%	-58.48%	—
1y	2	+100.00%	-56.72%	+31.26%	-87.98%	-87.98%	—
2y	2	+100.00%	-92.52%	+12.29%	-104.81%	-104.81%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

TREE · 2,955,984 shares · as of Nov 16, 2020

Trading cadence · quarterly flow

BUY ● SELL ●

2020

FLOW · 0 buys / 3 sellsCOVERAGE · 1 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
TREE LENDINGTREE, INC.	SALE	2,955,984	$292.46	$864.51M	0	Nov 16, 2020	Nov 18, 2020 ↗
TREE LENDINGTREE, INC.	SALE	642,850	—	—	0	Nov 16, 2020	Nov 18, 2020 ↗
TREE LENDINGTREE, INC.	SALE	488,005	$292.46	$142.72M	2,955,984	Nov 16, 2020	Nov 18, 2020 ↗

Other insiders · TREE

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About this filer

CIK 0000808461

ROLE

Director

PRIMARY

TREE

COMPANIES

ACTIVE SINCE

Nov 2020

MARKETPEEL · /INSIDER/0000808461DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Gci Liberty, Inc.

The morning brief, before the bell.