SCHEDULE: Linonia Partners Reports 9.3% Stake in Liberty Live Holdings

Linonia Partners Fund LP, along with affiliated entities and Philip Uhde, has reported beneficial ownership of 2,376,439 shares, representing 9.3% of Liberty Live Holdings, Inc.'s Series A common stock.

Summary

• Linonia Partners Fund LP, The Linonia Partnership LP, The Linonia Partnership GP LLC, and Philip Uhde (collectively, the 'Reporting Persons') have filed a Schedule 13G.
• The filing reports beneficial ownership of 2,376,439 shares of Series A Liberty Live Group common stock in Liberty Live Holdings, Inc.
• This ownership stake represents 9.3% of the class of securities outstanding.
• The shares are held by Linonia Partners Fund LP, with The Linonia Partnership LP acting as investment manager, The Linonia Partnership GP LLC as general partner of the investment manager, and Philip Uhde as Principal of the investment manager and Managing Member of the General Partner.
• The Reporting Persons may be deemed to share voting and dispositive power over these shares.
• The filing notes that immediately prior to a split-off by Liberty Media Corporation on December 15, 2025, the Reporting Persons beneficially owned 2,498,950 shares of Liberty Media's Series A Liberty Live common stock.
• The percentage ownership is based on 25,573,685 shares outstanding as of July 31, 2026.
• The filing disclaims beneficial ownership beyond each Reporting Person's pecuniary interest.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting beneficial ownership changes and not containing new financial performance data or strategic shifts.

Positives

• Clear disclosure of beneficial ownership by Linonia Partners and associated entities.
• The filing provides specific share counts and percentage ownership (9.3%).
• The reporting entities are established investment and management firms.

Negatives

• The filing does not contain any new financial performance data or operational updates for Liberty Live Holdings, Inc.
• The reported ownership is a result of a prior corporate action (split-off), not a new investment or divestment.

Risks

• The filing does not explicitly mention any new risks associated with Liberty Live Holdings, Inc. or the Reporting Persons' investment.
• Potential for future changes in beneficial ownership by the Reporting Persons, which could impact share price or control dynamics.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Liberty Live Holdings, Inc.'s future performance or strategy.

Management Comments

• "The shares of Series A Liberty Live Group common stock... reported herein are held by Linonia Partners Fund LP... for which The Linonia Partnership LP... serves as investment manager."
• "By virtue of these relationships, the Investment Manager, the General Partner and Mr. Uhde may be deemed to share voting and dispositive power with respect to the Shares held directly by the Fund."
• "This report shall not be deemed an admission that any Reporting Person is the beneficial owner of the Shares for purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose."
• "Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein, if any."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and investment funds accumulating significant stakes in publicly traded companies. This filing indicates a substantial, passive investment by Linonia Partners in Liberty Live Holdings, consistent with typical investment fund activities.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding a significant beneficial owner, which can influence market perception and trading activity.
• Management of Liberty Live Holdings: Awareness of substantial beneficial ownership by Linonia Partners may inform strategic discussions and governance considerations.
• Creditors: No direct impact is indicated, as the filing pertains to equity ownership.

Next Steps

• The Reporting Persons will continue to monitor their investment in Liberty Live Holdings, Inc.
• Any future changes in beneficial ownership will be reported as required by SEC regulations.

Key Dates

Keywords

Liberty Live Holdings, Schedule 13G, Linonia Partners, Beneficial Ownership, Common Stock, Investment Management, Philip Uhde, Liberty Media