SCHEDULE: BlackRock Discloses 5.1% Stake in Liberty Global Class C

BlackRock, Inc. has reported a 5.1% beneficial ownership stake in Liberty Global Ltd.'s Class C Stock as of December 31, 2025.

Summary

• BlackRock, Inc. beneficially owns 7,670,858 shares of Liberty Global Ltd. Class C Stock.
• This ownership represents 5.1% of the total outstanding Class C Stock.
• BlackRock holds sole voting power over 7,357,969 shares and sole dispositive power over all 7,670,858 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Liberty Global Ltd.
• BlackRock, Inc. is classified as a parent holding company (HC) for this filing.
• Several BlackRock subsidiaries, including BlackRock Life Limited and BlackRock Advisors, LLC, are involved in the beneficial ownership.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. While a Schedule 13G is a passive disclosure, the presence of a significant stake by a major institutional investor like BlackRock can be viewed as a positive signal of confidence in the company's value, even without an active intent to influence management.

Positives

• The disclosure of a significant 5.1% stake by a major institutional investor like BlackRock can be interpreted as a vote of confidence in Liberty Global Ltd. by a sophisticated market participant.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Liberty Global Ltd.'s future performance or BlackRock's future investment intentions beyond the passive nature of the stake.

Management Comments

• BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

Schedule 13G filings are standard disclosures by institutional investors, such as BlackRock, when they acquire beneficial ownership of more than 5% of a company's equity securities, indicating a passive investment intent. This is a routine regulatory compliance filing for large asset managers.

Stakeholder Impact

• Shareholders of Liberty Global Ltd. may view BlackRock's significant stake as a positive indicator of institutional interest and confidence in the company's long-term prospects.
• The disclosure reinforces the stability of the company's ownership structure, as BlackRock has certified a passive investment intent.

Next Steps

• BlackRock, Inc. will continue to monitor its beneficial ownership and file amendments to Schedule 13G as required by SEC regulations if its ownership percentage changes significantly or if its investment intent shifts from passive.

Key Dates

Keywords

Liberty Global Ltd., BlackRock, Class C Stock, Beneficial Ownership, SEC Filing, Schedule 13G, Institutional Investor, Equity Stake