SCHEDULE: Permit Capital Discloses 5.7% Stake in QVC Group

Permit Capital and its affiliates, including John C. Broderick, have reported a combined beneficial ownership of 5.7% of QVC Group, Inc.'s Series A Common Stock.

Summary

• Permit Capital, LLC, Permit Capital Enterprise Fund, LP, Permit Capital GP, LP, and John C. Broderick have filed a Schedule 13G, indicating beneficial ownership in QVC Group, Inc.'s Series A Common Stock.
• John C. Broderick is the beneficial owner of an aggregate of 452,591 shares, representing 5.7% of the class.
• This aggregate includes 90,801 shares held in his individual capacity and 361,790 shares over which he has shared power as manager of Permit Capital, LLC.
• Permit Capital Enterprise Fund, LP directly holds 361,790 shares, representing 4.6% of the class, with sole voting and dispositive power over these shares.
• Permit Capital, LLC, as an investment adviser, and Permit Capital GP, LP, as the general partner of Permit Capital Enterprise Fund, LP, each report shared voting and dispositive power over 361,790 shares, also representing 4.6% of the class.
• The percentage calculations are based on 7,885,884 outstanding shares of Series A Common Stock as of July 31, 2025, as reported in QVC Group, Inc.'s August 7, 2025 10-Q filing.
• The reporting persons certify that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: A standard regulatory filing disclosing passive beneficial ownership, providing no specific positive or negative operational or financial news.

Future Outlook

This filing is a disclosure of passive beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future performance or strategy.

Industry Context

QVC Group, Inc. operates in the retail and e-commerce sector. This filing represents a standard regulatory disclosure of a passive investment stake by an institutional investor and its affiliates, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• Shareholders: Increased transparency regarding institutional ownership. The disclosure of a significant passive stake by an investment adviser and its affiliates may be viewed as a vote of confidence, though the filing explicitly disclaims intent to influence control.

Key Dates

Keywords

QVC Group, Permit Capital, John C. Broderick, Series A Common Stock, Beneficial Ownership, Schedule 13G, Institutional Investor, Retail, E-commerce