SCHEDULE 13G/A: FPR Partners and Senior Members Disclose QVC Group Series A Common Stock Holdings Post-Reverse Split

FPR Partners LLC, along with its Senior Managing Members Andrew Raab and Bob Peck, have filed an amended Schedule 13G disclosing their beneficial ownership of QVC Group, Inc. Series A Common Stock, reflecting holdings as of May 31, 2025, and percentages adjusted for a recent 1-for-50 reverse stock split.

Summary

• FPR Partners LLC, an investment adviser, beneficially owns 121,508 shares of QVC Group, Inc. Series A Common Stock, representing 1.5% of the class.
• Andrew John Raab, a Senior Managing Member of FPR Partners, beneficially owns 122,358 shares, comprising 850 shares with sole voting/dispositive power and 121,508 shares with shared voting/dispositive power, totaling 1.6% of the class.
• Bobby Ray Peck JR, also a Senior Managing Member of FPR Partners, beneficially owns 121,508 shares with shared voting/dispositive power, representing 1.5% of the class.
• The reported share percentages are based on shares outstanding expected after a 1-for-50 reverse stock split, which was based on pre-conversion shares as of April 30, 2025, as reported by QVC Group on a Form 8-K filed May 16, 2025.
• The reported shares are held directly by certain limited partnerships, referred to as 'Funds,' for which FPR Partners acts as investment manager.
• The Reporting Persons (FPR Partners, Andrew Raab, and Bob Peck) are filing jointly but explicitly state they are not acting as members of a group and disclaim group membership.
• The securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of QVC Group, Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It provides transparency regarding institutional holdings but does not contain positive or negative operational news.

Future Outlook

NA

Management Comments

• "Each of the Reporting Persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Sections 13(d) or 13(g) of the Securities and Exchange Act of 1934, the beneficial owner of any of the securities covered by this statement."
• "The Reporting Persons are filing this statement jointly, but not as members of a group, and each expressly disclaims membership in a group."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership and how it's calculated post-reverse split, which can inform investment decisions.

Key Dates

Keywords

QVC Group, Series A Common Stock, FPR Partners LLC, Andrew Raab, Bob Peck, Schedule 13G, Beneficial Ownership, Reverse Stock Split, Investment Adviser, SEC Filing