Liberty Latin America Ltd. reporting persons Rubric Capital Management LP and David Rosen disclosed beneficial ownership of 3,750,000 Class A Common Shares, equal to 9.85% of the class based on 38,059,967 shares outstanding as of March 30, 2026. The statement attributes shared voting and dispositive power over the 3,750,000 shares to the reporting persons and identifies Rubric Capital Master Fund LP as having the right to receive dividends or sale proceeds for over 5% of the class.
Positive
None.
Negative
None.
Insights
Rubric Capital and an affiliated individual report a near-10% position in LILA.
The filing lists 3,750,000 Class A shares and a 9.85% stake using an outstanding base of 38,059,967 shares as of March 30, 2026. Ownership is shown as shared voting and dispositive power rather than sole control.
Cash-flow treatment and sale intentions are not included in the excerpt; subsequent filings would show any changes to the position or voting arrangements.
Filing clarifies beneficiary and power structure for a >5% holding.
The statement identifies Rubric Capital Master Fund LP as the holder entitled to dividends or sale proceeds for the position exceeding 5% and shows shared powers recorded on the cover rows referenced in Item 4.
This is a disclosure of ownership structure; it does not itself change board composition or governance terms noted in the excerpt.
Key Figures
Reported shares owned:3,750,000 sharesPercent of class:9.85%Shares outstanding (base):38,059,967 shares
3 metrics
Reported shares owned3,750,000 sharesClass A Common Shares reported in Schedule 13G
Percent of class9.85%Calculated from 38,059,967 shares outstanding as of March 30, 2026
Shares outstanding (base)38,059,967 sharesOutstanding as of March 30, 2026 per issuer proxy statement
"Item 1. (a) Name of issuer: Liberty Latin America Ltd.; form type listed on cover"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Shared Dispositive Powerfinancial
"Row 8 shows Shared Dispositive Power 3,750,000.00 on the cover page"
Beneficially ownedregulatory
"Item 4(a) references 'Amount beneficially owned' and incorporates Row 9 of the cover page"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Liberty Latin America Ltd.
(Name of Issuer)
Class A Common Shares, par value $0.01 per share
(Title of Class of Securities)
G9001E102
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G9001E102
1
Names of Reporting Persons
Rubric Capital Management LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,750,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,750,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,750,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.85 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
G9001E102
1
Names of Reporting Persons
David Rosen
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,750,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,750,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,750,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.85 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Liberty Latin America Ltd.
(b)
Address of issuer's principal executive offices:
1550 Wewatta Street, Suite 1000 Denver, CO, 80202
Item 2.
(a)
Name of person filing:
This statement is filed by:
(i) Rubric Capital Management LP ("Rubric Capital"), the investment adviser to certain investment funds and/or accounts (collectively, the "Rubric Funds") that hold the shares of Class A Common Shares, par value $0.01 (the "Class A Common Shares") of Liberty Latin America Ltd., a Bermuda corporation (the "Issuer") reported herein; and
(ii) David Rosen ("Mr. Rosen"), Managing Member of Rubric Capital Management GP LLC, the general partner of Rubric Capital
The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."
The filing of this statement should not be construed as an admission that any of the forgoing persons or any Reporting Person is, for the purposes of Section 13 of the Act, the beneficial owner of the Class A Common Shares reported herein.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is 155 East 44th St, Suite 1630, New York, NY 10017.
(c)
Citizenship:
Rubric Capital is a Delaware limited partnership. Mr. Rosen is a citizen of the United States of America.
(d)
Title of class of securities:
Class A Common Shares, par value $0.01 per share
(e)
CUSIP Number(s):
G9001E102
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Items 4(a) - (c) is set forth in Rows 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
The percentage set forth in Row (11) of the cover page for each of the Reporting Persons is based on the 38,059,967 Class A Common Shares outstanding as of March 30, 2026, as reported in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 29, 2026.
(b)
Percent of class:
9.85 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 2(a). Rubric Capital Master Fund LP, a Rubric Fund, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, more than 5% of the Class A Common Shares.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
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.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
How many LILA Class A shares does Rubric Capital report owning?
Rubric Capital and David Rosen report beneficial ownership of 3,750,000 Class A shares. This equals 9.85% of the class calculated from 38,059,967 shares outstanding as of March 30, 2026.
What voting or dispositive power is reported in the Schedule 13G for LILA?
The filing shows shared voting power and shared dispositive power over the 3,750,000 shares. Row references on the cover page are incorporated for the detailed power breakdown.
Does the filing identify who receives dividends or sale proceeds for the LILA shares?
Yes. The filing states that Rubric Capital Master Fund LP has the right to receive dividends or proceeds for more than 5% of the Class A shares held by the Rubric Funds.
What outstanding share base is used to calculate the 9.85% figure for LILA?
The percentage is based on 38,059,967 Class A Common Shares outstanding as of March 30, 2026, cited from the issuer's Definitive Proxy Statement on Schedule 14A.
