Oaktree discloses 7,210,901 QVC Group shares stake (QVCCQ)

Rhea-AI Filing Summary

Oaktree Capital Management LP and related entities report initial beneficial ownership in QVC Group, Inc.. Funds and accounts they manage, including Oaktree Opportunities Fund XI and XII Holdings, collectively hold 7,210,901 shares of common stock indirectly. Each reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider OAKTREE CAPITAL MANAGEMENT LP, Oaktree Capital Holdings, LLC, Oaktree Opportunities Fund XI Holdings (Delaware), L.P., Oaktree Opportunities Fund XII Holdings (Delaware), L.P.

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner

Type	Security	Shares	Price	Value
holding	Common Stock F1	--	--	--

Holdings After Transaction: Common Stock — 7,210,901 shares (Indirect, See footnote)

Footnotes (1)

1. F1. The reported securities are directly held by funds and accounts, including Oaktree Opportunities Fund XI Holdings (Delaware), L.P. and Oaktree Opportunities Fund XII Holdings (Delaware), L.P., which are indirectly managed by Oaktree Capital Management LP ("OCM"). Oaktree Capital Holdings, LLC, as the sole managing member of the general partner of OCM, may also be deemed to beneficially own the reported securities, but each of the Reporting Persons disclaims beneficial ownership except to the extent of its pecuniary interest therein.

Key Figures

Indirect common shares held: 7,210,901 shares

1 metrics

Indirect common shares held 7,210,901 shares Total QVC Group, Inc. common stock reported as held indirectly by Oaktree-managed funds

Key Terms

beneficial ownership, pecuniary interest, indirectly managed, ten percent owner

4 terms

beneficial ownership financial

"may also be deemed to beneficially own the reported securities"

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.

pecuniary interest financial

"disclaims beneficial ownership except to the extent of its pecuniary interest"

indirectly managed financial

"funds and accounts ... which are indirectly managed by Oaktree Capital Management LP"

ten percent owner financial

"each listed reporting person is identified as a ten percent owner"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/06/2026 - 04:50 PM Accepted by SEC EDGAR 08/06/2026 - 04:50 PM Learn about SEC filing dates

FAQ

What does the new Form 3 for QVCCQ disclose?

It shows Oaktree Capital Management LP and affiliated entities as ten percent owners of QVC Group, Inc., with funds and accounts they manage indirectly holding 7,210,901 common shares, subject to disclaimers of beneficial ownership beyond their pecuniary interest.

How many QVC Group (QVCCQ) shares are reported as owned by Oaktree entities?

Oaktree-related funds and accounts are reported as holding 7,210,901 shares of QVC Group, Inc. common stock. The position is reported on an indirect basis, with each reporting person only acknowledging beneficial ownership to the extent of its pecuniary interest.

Is the Oaktree ownership in QVCCQ direct or indirect?

The ownership is reported as indirect. The common stock is directly held by various funds and accounts, including Oaktree Opportunities Fund XI and XII Holdings, which are indirectly managed by Oaktree Capital Management LP and associated entities.

Which Oaktree entities are listed as reporting persons for QVCCQ?

The reporting persons are Oaktree Capital Management LP, Oaktree Capital Holdings, LLC, and funds including Oaktree Opportunities Fund XI Holdings (Delaware), L.P. and Oaktree Opportunities Fund XII Holdings (Delaware), L.P., all identified as ten percent owners.

Does the QVCCQ Form 3 show any recent share purchases or sales by Oaktree?

No purchase or sale transactions are reported. The Form 3 presents an initial holding entry for 7,210,901 indirectly held shares, without listing any acquired or disposed share amounts or transaction prices in the reported data.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

OAKTREE CAPITAL MANAGEMENT LP

(Last) (First) (Middle)

C/O OAKTREE CAPITAL MANAGEMENT, L.P.

333 SOUTH GRAND AVENUE, 28TH FLOOR

(Street)

LOS ANGELES CALIFORNIA 90071

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
08/06/2026

3. Issuer Name and Ticker or Trading Symbol
QVC Group, Inc. [ QVCG ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	7,210,901	I	See footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

OAKTREE CAPITAL MANAGEMENT LP

(Last) (First) (Middle)

C/O OAKTREE CAPITAL MANAGEMENT, L.P.

333 SOUTH GRAND AVENUE, 28TH FLOOR

(Street)

LOS ANGELES CALIFORNIA 90071

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Oaktree Capital Holdings, LLC

(Last) (First) (Middle)

C/O OAKTREE CAPITAL MANAGEMENT, L.P.

333 SOUTH GRAND AVENUE, 28TH FLOOR

(Street)

LOS ANGELES CALIFORNIA 90071

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Oaktree Opportunities Fund XI Holdings (Delaware), L.P.

(Last) (First) (Middle)

C/O OAKTREE CAPITAL MANAGEMENT, L.P.

333 SOUTH GRAND AVENUE, 28TH FLOOR

(Street)

LOS ANGELES CALIFORNIA 90071

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Oaktree Opportunities Fund XII Holdings (Delaware), L.P.

(Last) (First) (Middle)

C/O OAKTREE CAPITAL MANAGEMENT, L.P.

333 SOUTH GRAND AVENUE, 28TH FLOOR

(Street)

LOS ANGELES CALIFORNIA 90071

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The reported securities are directly held by funds and accounts, including Oaktree Opportunities Fund XI Holdings (Delaware), L.P. and Oaktree Opportunities Fund XII Holdings (Delaware), L.P., which are indirectly managed by Oaktree Capital Management LP ("OCM"). Oaktree Capital Holdings, LLC, as the sole managing member of the general partner of OCM, may also be deemed to beneficially own the reported securities, but each of the Reporting Persons disclaims beneficial ownership except to the extent of its pecuniary interest therein.

	Oaktree Capital Management LP, By: /s/ Henry Orren, Managing Director	08/06/2026
	Oaktree Capital Holdings, LLC, By: /s/ Henry Orren, Managing Director	08/06/2026
	Oaktree Opportunities Fund XI Holdings (Delaware), L.P., By: /s/ Henry Orren, Managing Director	08/06/2026
	Oaktree Opportunities Fund XII Holdings (Delaware), L.P., By: /s/ Henry Orren, Managing Director	08/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)