[SCHEDULE 13G] QVC Group, Inc. 8.0% Fixed Rate Cumulative Redeemable Preferred Stock SEC Filing

Rhea-AI Filing Summary

Charles Schwab Investment Management Inc. reported beneficial ownership of 475,621 shares of QVC Group, Inc. Series A Common Stock, representing 5.89% of the class. The filer states it has sole voting and sole dispositive power over those shares and certified the securities were acquired and are held in the ordinary course of business and not to change or influence control of the issuer. This Schedule 13G provides a public disclosure of a >5% stake in QVC Group but does not specify a group affiliation or a parent/ subsidiary relationship.

Positive

• Transparency: Public disclosure of a >5% stake (475,621 shares, 5.89%) increases market transparency
• Clear authority: Reported sole voting and dispositive power clarifies who controls voting for these shares
• Certification of intent: Filer certified holdings were acquired and held in the ordinary course and not to influence control

Negative

• Ambiguity on filing rule: The filing text lists Rule 13d-1(b)/(c)/(d) options but does not clearly indicate which specific paragraph is being used
• Limited context: Filing provides ownership data but contains no additional detail on whether shares are held for particular client accounts or strategies

Insights

Financial Analyst

TL;DR: Charles Schwab IM disclosed a 5.89% (475,621 shares) stake in QVC Group Series A Common Stock with sole voting and dispositive power.

This filing is a Schedule 13G disclosure by an investment adviser reporting a >5% position. The filer explicitly states sole voting and dispositive authority for 475,621 shares, which is material because it crosses the 5% reporting threshold and must be publicly disclosed. The certification in the filing states the position was acquired and is held in the ordinary course of business and not for the purpose of changing control, which signals a passive intent per the filers statement. The disclosure improves transparency around significant holders but does not indicate any activist intent or transaction plans.

Corporate Governance Analyst

TL;DR: Sole voting/dispositive power over a 5.89% stake gives the reporting entity clear control to vote these shares, while the filing denies plans to influence control.

The report documents clear voting authority: the reporting person claims sole power to vote and to dispose of the reported shares, which matters for shareholder votes and governance tallies. The filing also marks items such as group membership and parent/subsidiary acquisition as not applicable, and the certification reiterates lack of intent to affect control. From a governance perspective this is an important disclosure for vote counting and ownership transparency, but the document contains no statements of strategic plans or additional governance actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

QVC Group, Inc.

(Name of Issuer)

Series A Common Stock

(Title of Class of Securities)

74915M605

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 74915M605

1

Names of Reporting Persons

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

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 475,621.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 475,621.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

475,621.00

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)

5.89 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: QVC Group, Inc.
(b)	Address of issuer's principal executive offices: 1200 WILSON DRIVE, WEST CHESTER, PENNSYLVANIA 19380
Item 2.
(a)	Name of person filing: CHARLES SCHWAB INVESTMENT MANAGEMENT INC
(b)	Address or principal business office or, if none, residence: 211 MAIN STREET SAN FRANCISCO, California 94105
(c)	Citizenship: DELAWARE
(d)	Title of class of securities: Series A Common Stock
(e)	CUSIP No.: 74915M605
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: 475,621
(b)	Percent of class: 5.89 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 475,621
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 475,621
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
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 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.

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

Signature:	/s/ Omar Aguilar
Name/Title:	Chief Executive Officer
Date:	08/11/2025

FAQ

What stake did Charles Schwab Investment Management report in QVC Group (QVCGP)?

The filer reported beneficial ownership of 475,621 shares of QVC Group Series A Common Stock, representing 5.89% of the class.

What voting and dispositive power does the filer claim over the QVCGP shares?

The filing states the filer has sole voting power and sole dispositive power over the 475,621 shares.

Did the filer state an intent to influence control of QVC Group (QVCGP)?

No. Item 10 contains a certification that the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Which class of QVC Group stock is covered and what is the CUSIP?

The disclosure covers Series A Common Stock of QVC Group, Inc. with CUSIP 74915M605.

Who signed the Schedule 13G on behalf of the reporting person?

The statement is signed on behalf of CHARLES SCHWAB INVESTMENT MANAGEMENT INC by Omar Aguilar, listed as Chief Executive Officer in the filing.