Monitor for any future conversion to a 13D filing, which would signal a shift from passive to activist intent. The 9.2% stake is significant but passive, so no near-term management pressure is expected.
Price Chart
Executive Summary
Linonia Partners Fund LP and related entities filed a Schedule 13G disclosing a 9.2% passive stake in Liberty Live Holdings, Inc., consisting of 5,871,505 shares of Series C common stock. The stake originated from Liberty Media's split-off of Liberty Live in December 2025, where Linonia's prior 9.0% holding in Liberty Media's Series C Liberty Live common stock was converted into an equal number of Liberty Live shares. This is an initial 13G filing for Liberty Live, not an amendment, and the filers certify no intent to influence control.
Key Financial Metrics
Key Facts
- Linonia Partners Fund LP and related entities beneficially own 5,871,505 shares of Liberty Live Series C common stock.
- The stake represents 9.2% of shares outstanding, based on 63,900,740 shares outstanding as of July 31, 2026.
- The filing is a new Schedule 13G (not an amendment) for Liberty Live, filed under Rule 13d-1(c) as a passive investor.
- The stake originated from the December 15, 2025 split-off of Liberty Live from Liberty Media Corporation, where Linonia's prior 9.0% holding in Liberty Media's Series C Liberty Live common stock was converted.
- The filers certify the securities were not acquired with the purpose of changing or influencing control of the issuer.
Financial Impact
9.2% passive stake valued at approximately $5.87 million shares; no transaction price disclosed.
Risk Factors
- Potential future conversion to 13D could indicate activist intentions.
- The stake is concentrated in a single fund family, creating overhang risk if the fund decides to reduce its position.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001985479-26-000024 |
| Document: 0001985479-26-000024-index-headers.html | 0001985479-26-000024 |
| Document: 0001985479-26-000024-index.html | 0001985479-26-000024 |
| Document: 0001985479-26-000024.txt | 0001985479-26-000024 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | SC 13G | $96.00 | awaiting T+20 | — | $96.61 (+0.64%) |
Sep 18, 2026 5w ago | SC 13G | $95.24 $94.87 | ▼ −0.39% | ▲ +0.52% | $96.61 (+1.44%) |
Sep 18, 2026 5w ago | SC 13G | $95.24 $94.87 | ▼ −0.39% | ▲ +0.52% | $96.61 (+1.44%) |
Sep 2, 2026 7w ago | 8-K | $98.76 $93.61 | ▼ −5.21% | ▼ −5.06% | $96.61 (−2.18%) |
Mar 6, 2026 33w ago | 8-K | $93.59 $96.23 | ▲ +2.82% | ▲ +4.87% | $96.61 (+3.23%) |
US Market Status
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