Liberty Live Holdings, Inc. (LLYVA) reports that Linonia Partners Fund LP, The Linonia Partnership LP, The Linonia Partnership GP LLC, and Philip Uhde, as a group, beneficially own 5,871,505 shares of Series C Liberty Live Group common stock, representing 9.2% of this class based on 63,900,740 shares outstanding as of July 31, 2026.
The shares are held by Linonia Partners Fund LP, with the affiliated investment manager, general partner, and Philip Uhde deemed to share voting and dispositive power and each disclaiming beneficial ownership except to the extent of any pecuniary interest. This position arose from Liberty Media Corporation’s December 15, 2025 split-off, which exchanged each Liberty Media Series C Liberty Live share for one Liberty Live Holdings share.
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Key Figures
Beneficial ownership:5,871,505 sharesPercent of class owned:9.2%Shares outstanding:63,900,740 shares+3 more
6 metrics
Beneficial ownership5,871,505 sharesSeries C Liberty Live Group common stock reported by the Linonia reporting persons
Percent of class owned9.2%Based on 63,900,740 shares outstanding as of July 31, 2026
Shares outstanding63,900,740 sharesSeries C Liberty Live Group common stock outstanding as of July 31, 2026
Pre–split-off Liberty Media shares5,746,719 sharesLiberty Media Series C Liberty Live common stock beneficially owned before the split-off
Pre–split-off ownership percentage9.0%Ownership of Liberty Media’s Series C Liberty Live common stock immediately prior to the split-off
Split-off exchange ratio1 share for 1 shareEach Liberty Media Series C Liberty Live share redeemed for one Liberty Live Holdings share on December 15, 2025
"This report shall not be deemed an admission that any Reporting Person is the beneficial owner"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared voting powerfinancial
"Shared Voting Power 5,871,505.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 5,871,505.00"
split-offfinancial
"Liberty Media Corporation completed a split-off of the Issuer (the "Split-Off")"
pecuniary interestfinancial
"Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much of Liberty Live Holdings (LLYVA) do the Linonia reporting persons own?
They report beneficial ownership of 5,871,505 shares of Series C Liberty Live Group common stock, representing 9.2% of that class, based on 63,900,740 shares outstanding as of July 31, 2026, as reported by Liberty Live Holdings, Inc.
Who are the reporting persons in the Liberty Live Holdings (LLYVA) Schedule 13G?
The reporting persons are Linonia Partners Fund LP, The Linonia Partnership LP (investment manager), The Linonia Partnership GP LLC (general partner of the investment manager), and Philip Uhde, who serves as Principal of the investment manager and Managing Member of the general partner.
How did Linonia’s position in Liberty Live Holdings (LLYVA) arise?
On December 15, 2025, Liberty Media Corporation completed a split-off of Liberty Live Holdings. Each outstanding share of Liberty Media’s Series C Liberty Live common stock was redeemed for one Liberty Live Holdings share, giving the reporting persons the same number of Liberty Live Holdings shares they previously held in Liberty Media.
What was Linonia’s ownership of Liberty Media’s Series C Liberty Live stock before the split-off?
Immediately prior to the split-off, the reporting persons beneficially owned 5,746,719 shares of Liberty Media’s Series C Liberty Live common stock, representing approximately 9.0% of that class. Those shares were exchanged one-for-one into Liberty Live Holdings shares in the split-off.
Do the Linonia reporting persons have sole or shared voting power over LLYVA shares?
Each reporting person reports 0 shares with sole voting or dispositive power and 5,871,505 shares with shared voting and shared dispositive power, reflecting the relationships among the fund, its investment manager, general partner, and Philip Uhde.
Do the reporting persons admit full beneficial ownership of their LLYVA shares?
They state that the report shall not be deemed an admission that any reporting person is the beneficial owner for Section 13 purposes and each disclaims beneficial ownership of the shares except to the extent of its or his pecuniary interest, if any.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Liberty Live Holdings, Inc.
(Name of Issuer)
Series C Liberty Live Group common stock, par value $0.01 per share
(Title of Class of Securities)
530909308
(CUSIP Number)
12/15/2025
(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):
530909308
1
Names of Reporting Persons
Linonia Partners Fund 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
5,871,505.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,871,505.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,871,505.00
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)
9.2 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: Please see note in Item 4(a).
SCHEDULE 13G
CUSIP Number(s):
530909308
1
Names of Reporting Persons
The Linonia Partnership 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
5,871,505.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,871,505.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,871,505.00
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)
9.2 %
12
Type of Reporting Person (See Instructions)
IA, PN
Comment for Type of Reporting Person: Please see note in Item 4(a).
SCHEDULE 13G
CUSIP Number(s):
530909308
1
Names of Reporting Persons
The Linonia Partnership GP LLC
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
5,871,505.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,871,505.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,871,505.00
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)
9.2 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: Please see note in Item 4(a).
SCHEDULE 13G
CUSIP Number(s):
530909308
1
Names of Reporting Persons
Philip Uhde
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
5,871,505.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,871,505.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,871,505.00
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)
9.2 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: Please see note in Item 4(a).
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Liberty Live Holdings, Inc.
(b)
Address of issuer's principal executive offices:
12300 Liberty Blvd.
Englewood, Colorado 80112
Item 2.
(a)
Name of person filing:
Linonia Partners Fund LP*
The Linonia Partnership LP*
The Linonia Partnership GP LLC*
Philip Uhde*
(b)
Address or principal business office or, if none, residence:
414 West 14th Street, 6th Floor
New York, New York 10014
(c)
Citizenship:
Linonia Partners Fund LP - Delaware
The Linonia Partnership LP - Delaware
The Linonia Partnership GP LLC - Delaware
Philip Uhde - United States
(d)
Title of class of securities:
Series C Liberty Live Group common stock, par value $0.01 per share
(e)
CUSIP Number(s):
530909308
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:
Linonia Partners Fund LP - 5,871,505*
The Linonia Partnership LP - 5,871,505*
The Linonia Partnership GP LLC - 5,871,505*
Philip Uhde - 5,871,505*
*The shares of Series C Liberty Live Group common stock, par value $0.01 per share (the "Shares"), of Liberty Live Holdings, Inc. (the "Issuer") reported herein are held by Linonia Partners Fund LP, a private investment fund (the "Fund"), for which The Linonia Partnership LP, a Delaware limited partnership, serves as investment manager (the "Investment Manager"). The Linonia Partnership GP LLC, a Delaware limited liability company, serves as general partner of the Investment Manager (the "General Partner"), and Philip Uhde serves as Principal of the Investment Manager and Managing Member of the General Partner. 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. The Fund, the Investment Manager, the General Partner and Mr. Uhde are referred to herein collectively as the "Reporting Persons."
On December 15, 2025, Liberty Media Corporation ("Liberty Media") completed a split-off of the Issuer (the "Split-Off"), pursuant to which each outstanding share of Liberty Media's Series C Liberty Live common stock was redeemed for one Share. Immediately prior to the Split-Off, the Reporting Persons beneficially owned 5,746,719 shares of Liberty Media's Series C Liberty Live common stock, representing approximately 9.0% of that class, and as a result of the Split-Off became the beneficial owners of an equal number of Shares of the Issuer. The Reporting Persons' beneficial ownership of Liberty Media's Series C Liberty Live common stock was previously reported on a Schedule 13G, as amended, filed with respect to Liberty Media.
The information set forth in Item 4 is as of the date of this filing. The percentage set forth in Item 4(b) is based on 63,900,740 Shares outstanding as of July 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.
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.
(b)
Percent of class:
Linonia Partners Fund LP - 9.2%
The Linonia Partnership LP - 9.2%
The Linonia Partnership GP LLC - 9.2%
Philip Uhde - 9.2%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Linonia Partners Fund LP - 0
The Linonia Partnership LP - 0
The Linonia Partnership GP LLC - 0
Philip Uhde - 0
(ii) Shared power to vote or to direct the vote:
Linonia Partners Fund LP - 5,871,505*
The Linonia Partnership LP - 5,871,505*
The Linonia Partnership GP LLC - 5,871,505*
Philip Uhde - 5,871,505*
(iii) Sole power to dispose or to direct the disposition of:
Linonia Partners Fund LP - 0
The Linonia Partnership LP - 0
The Linonia Partnership GP LLC - 0
Philip Uhde - 0
(iv) Shared power to dispose or to direct the disposition of:
Linonia Partners Fund LP - 5,871,505*
The Linonia Partnership LP - 5,871,505*
The Linonia Partnership GP LLC - 5,871,505*
Philip Uhde - 5,871,505*
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.
Not Applicable
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 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.
Linonia Partners Fund LP
Signature:
/s/ Philip Uhde
Name/Title:
Philip Uhde, Managing Member of the General Partner of the Fund, Linonia Capital Partners GP LLC
Date:
09/18/2026
The Linonia Partnership LP
Signature:
/s/ Philip Uhde
Name/Title:
Philip Uhde, Principal and Managing Member of the General Partner
