Linonia Partnership Discloses 9.3% Passive Ownership in Liberty Live Holdings

Investment Summary: Schedule 13G Filing

Overview

On September 18, 2026, Linonia Partners Fund LP, alongside The Linonia Partnership LP, The Linonia Partnership GP LLC, and manager Philip Uhde, filed an initial Schedule 13G reporting beneficial ownership in Liberty Live Holdings, Inc. under Rule 13d-1(c).

Key Position Metrics

• Security: Series A Liberty Live Group common stock, par value $0.01 per share
• Aggregate Beneficial Ownership: 2,376,439 shares
• Ownership Percentage: 9.3% (based on 25,573,685 shares outstanding as of July 31, 2026)
• Voting & Dispositive Power: Shared voting and dispositive power over all 2,376,439 shares; zero sole voting/dispositive power.

Origin of Ownership

According to Item 4, Liberty Media Corporation completed a split-off of Liberty Live Holdings, Inc. on December 15, 2025. In the transaction, each outstanding share of Liberty Media's Series A Liberty Live common stock was redeemed for one share of the Issuer. Prior to the split-off, the reporting persons held 2,498,950 shares (approx. 9.8%) of Liberty Media's Series A Liberty Live stock, which converted into equal shares of the Issuer.

Market Significance

This filing establishes passive institutional backing for Liberty Live Holdings, Inc. with a substantial 9.3% stake. Because it is filed under Rule 13d-1(c), the filers certify that the securities were acquired in the ordinary course of business without intent to influence or effect a change of control.