SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 8.7% Stake in Liberty Latin America Class C Common Stock

FMR LLC and its Chairman and CEO, Abigail P. Johnson, have filed an amended Schedule 13G, disclosing a combined beneficial ownership of 8.7% of Liberty Latin America Ltd.'s Class C Common Stock as of March 31, 2025.

Summary

• FMR LLC, a Delaware-based parent holding company, and Abigail P. Johnson, its Chairman and CEO, jointly filed an Amendment No. 1 to Schedule 13G.
• The filing reports beneficial ownership of 13,647,277 shares of Liberty Latin America Ltd.'s Class C Common Stock.
• This aggregate amount represents 8.7% of the total outstanding Class C Common Stock.
• FMR LLC holds sole voting power over 13,641,498 shares and sole dispositive power over 13,647,277 shares.
• Abigail P. Johnson holds sole dispositive power over 13,647,277 shares, reflecting her indirect control through FMR LLC.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• The filing identifies several FMR LLC subsidiaries that beneficially own shares, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research (Hong Kong) Limited, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC.

Sentiment

Score: 5

Explanation: The document is a factual, regulatory filing disclosing beneficial ownership. It does not contain subjective language or performance metrics that would indicate a positive or negative sentiment. The sentiment is neutral as it serves purely as a compliance update.

Positives

• The significant stake held by a major institutional investor like FMR LLC can be interpreted as a vote of confidence in Liberty Latin America Ltd.'s long-term prospects.
• The disclosure confirms a substantial, stable institutional holding, which can contribute to market stability for the Class C Common Stock.

Negatives

• The document does not present any negative aspects regarding the issuer's performance or outlook, as it is a beneficial ownership disclosure.

Risks

• The document explicitly states that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, mitigating immediate control-related risks.
• No specific risks related to the issuer's operations or financial health are detailed in this beneficial ownership filing.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding Liberty Latin America Ltd.'s future performance or strategic outlook.

Management Comments

• FMR LLC and Abigail P. Johnson certify that, to the best of their knowledge and belief, the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing is a routine disclosure by a major asset manager, FMR LLC (Fidelity), indicating its significant passive investment in Liberty Latin America, a telecommunications company operating in Latin America and the Caribbean. Such disclosures are common for large institutional investors that cross specific ownership thresholds, providing transparency on significant equity holdings in publicly traded companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder, potentially signaling confidence from a major investor.
• Management: Awareness of a large, passive institutional investor on their shareholder register.

Key Dates

Keywords

Liberty Latin America Ltd., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class C Common Stock, SEC Filing, Institutional Investor, Equity Stake, Investment Management