Liberty Media Corporation

FWONK and FWONA • NASDAQ

Liberty Media Corporation is a entertainment company in the communication services sector on NASDAQ, led by Gregory B. Maffei, with a market cap of $23.3B. As of Q3 2025, 94% of shares are held by 627 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.01%.

President and Chief Executive OfficerGregory B. Maffei

Market Cap$23.3B

Entertainment

Communication Services

Employees6.4K

Websitelibertymedia.com

Country

United States of America

Overview

Overview of institutional ownership in FWONK and FWONA as of Q3 2025 with a market cap of $26.1B

All Institutions

Institutions: 627
Value Held: $24.4B
Shares Held: 235.6M
Avg Position: $28.4M
Median Position: $579.1K

Hedge Funds

Hedge Funds: 71
Value Held: $3.7B
Shares Held: 35.6M
Avg Position: $41.4M
Median Position: $5.0M

Ownership Breakdown

Institutional (non-HF)

79.42%

$20.7B

Hedge Funds

14.11%

$3.7B

Retail & Other

6.47%

$1.7B

Based on market cap of $26.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FWONK and FWONA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$2.3B 0.03% of portfolio	9.01% 22.5M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$1.6B 0.03% of portfolio	6.31% 15.8M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
PRINCIPAL FINANCIAL GROUP INC Institution	Deanna Strable CEO	$1.4B 0.71% of portfolio	5.42% 13.6M shares	≤ Q2 2013 Held for 12y 5m+	$197.71B
HENDERSON GROUP PLC Institution	Ali Dibadj CEO	$1.2B 0.56% of portfolio	4.68% 11.7M shares	Q3 2017 Held for 8y 2m	$218.74B
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	Toby James Glover CEO	$924.4M 0.73% of portfolio	3.54% 8.9M shares	Q1 2020 Held for 5y 8m	$125.97B
T T. Rowe Price Investment Management, Inc. Insurance Manager	John Edward Robison President	$896.8M 0.56% of portfolio	3.43% 8.6M shares	Q3 2022 Held for 3y 2m	$161.58B
FMR LLC Institution	-	$888.1M 0.05% of portfolio	3.41% 8.5M shares	Q3 2014 Held for 11y 2m	$1.92T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$819.2M 0.05% of portfolio	3.14% 7.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
Ruane, Cunniff & Goldfarb L.P. Long Only Manager	John Brooks Harris Managing Partner	$652.4M 10.81% of portfolio	2.52% 6.3M shares	Q1 2018 Held for 7y 8m	$6.0B
OZ MANAGEMENT LP Hedge Fund•Multi-Strategy	Wayne Nathan Cohen President	$564.8M 12.32% of portfolio	2.19% 5.5M shares	Q3 2017 Held for 8y 2m	$4.6B

Net Capital Flow

Institutional buying and selling activity for FWONK and FWONA in Q3 2025

Net Flow: −$274.8M
Buyers: 219
Sellers: 245
Total Bought: +$828.8M
Total Sold: −$1.1B
Avg Position: $40.2M

Biggest Buyers

Institution	Net Bought	Current Position
Marshall Wace LLP Institution	+$85.8M +820.1K shares	$295.3M 2.8M shares
Contour Asset Management LLC Hedge Fund•Long/Short	+$74.5M +713.3K shares	$123.2M 1.2M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$67.9M +647.1K shares	$79.7M 764.9K shares
D Darsana Capital Partners LP Hedge Fund•Long/Short	+$52.2M +501.0K shares	$372.9M 3.6M shares
Jain Global LLC Hedge Fund•Multi-Strategy	+$43.1M +412.6K shares	$43.8M 419.0K shares
H HSBC HOLDINGS PLC Institution	+$34.0M +325.9K shares	$77.6M 743.7K shares
Q Qube Research & Technologies Ltd Institution	+$30.5M +291.2K shares	$47.5M 468.2K shares
C CI INVESTMENTS INC. Institution	+$27.6M +264.1K shares	$94.1M 905.0K shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$26.9M +257.6K shares	$896.8M 8.6M shares
UBS Group AG Institution	+$25.2M +244.6K shares	$103.8M 1.0M shares

Biggest Sellers

Institution	Net Sold	Current Position
HENDERSON GROUP PLC Institution	−$291.6M −2.8M shares	$1.2B 11.7M shares
FMR LLC Institution	−$127.2M −1.2M shares	$888.1M 8.5M shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	−$62.8M −601.3K shares	$137.4M 1.3M shares
M MANUFACTURERES LIFE INSURANCE CO Institution	−$54.4M −520.5K shares	$548.5M 5.3M shares
PRINCIPAL FINANCIAL GROUP INC Institution	−$53.3M −500.9K shares	$1.4B 13.6M shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	−$37.8M −361.8K shares	$11.5M 109.8K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$31.2M −298.6K shares	$243.4M 2.3M shares
OZ MANAGEMENT LP Hedge Fund•Multi-Strategy	−$28.8M −276.1K shares	$564.8M 5.5M shares
F FRED ALGER MANAGEMENT INC Long Only Manager	−$21.9M −209.4K shares	$124.2M 1.2M shares
Artisan Partners Limited Partnership Long Only Manager	−$21.5M −206.1K shares	$283.9M 2.7M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited FWONK and FWONA in Q3 2025

New Positions: 40
New Value: $258.9M
Exited Positions: 48
Exited Value: $62.6M

New Positions

Institution	Position Value
CANTILLON CAPITAL MANAGEMENT LLC Hedge Fund•Value	$121.8M 1.2M shares
Hawk Ridge Management LLC Hedge Fund•Long/Short	$78.2M 762.5K shares
ShawSpring Partners LLC Hedge Fund•Long/Short	$22.7M 217.5K shares
Diameter Capital Partners LP Hedge Fund•Credit Arb	$8.4M 80.0K shares
K KINGDON CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short	$8.4M 80.0K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	$6.0M 57.0K shares
L Lombard Odier Asset Management Ltd Private Equity	$4.9M 47.4K shares
Optimize Financial Inc RIA/Wealth	$1.5M 14.7K shares
Aaron Wealth Advisors LLC RIA/Wealth	$1.4M 13.3K shares
C Campbell & CO Investment Adviser LLC Hedge Fund•Quant Macro	$886.0K 8.5K shares

Exited Positions

Institution	Previous Position
MAKENA CAPITAL MANAGEMENT LLC Fund of Funds	$12.6M 120.7K shares
Alta Park Capital, LP Hedge Fund•Long/Short	$11.4M 109.1K shares
I ING GROEP NV Institution	$6.5M 62.6K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	$6.2M 59.8K shares
KEYSTONE INVESTORS PTE LTD RIA/Wealth	$5.3M 50.5K shares
SORA INVESTORS LLC Hedge Fund•Long/Short	$4.7M 45.4K shares
C Capula Management Ltd Institution	$2.7M 28.3K shares
HIGHLAND CAPITAL MANAGEMENT, LLC Long Only Manager	$1.5M 14.5K shares
STANCE CAPITAL LLC Long Only Manager	$1.4M 13.4K shares
L Lombard Odier Asset Management SA Private Equity	$1.3M 12.1K shares

Options Activity

Institutions with the largest Call and Put options positions in FWONK and FWONA as of Q3 2025

Call Positions: 8
Call Value: $6.6M
Put Positions: 7
Put Value: $3.9M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.3M 224.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$1.9M 185.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.0M 97.0 contracts
Walleye Trading LLC RIA/Wealth	$647.6K 62.0 contracts
W WOLVERINE TRADING, LLC Institution	$323.3K 31.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$266.6K 28.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$83.6K 8.0 contracts
J JANE STREET GROUP, LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.8M 169.0 contracts
J JANE STREET GROUP, LLC Institution	$720.7K 69.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$699.8K 67.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$323.7K 34.0 contracts
W WOLVERINE TRADING, LLC Institution	$219.0K 21.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$146.2K 14.0 contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Most Committed Institutions

Institutions with FWONK and FWONA as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
F Fosse Capital Partmers LLP Institution	-	58.65% $96.6M	0.37% 924.9K shares	Q4 2020 Held for 4y 11m	$164.7M
B Blacksheep Fund Management Ltd Institution	-	39.77% $46.6M	0.18% 455.7K shares	Q4 2024 Held for 11 months	$117.3M
A Ashe Capital Management, LLC Hedge Fund•Value	William Charles Crowley CEO	27.33% $387.6M	1.53% 3.8M shares	Q4 2014 Held for 10y 11m	$1.4B
Bain Capital Public Equity, LP Hedge Fund•Long/Short	Sally Dee Fassler Dornaus CFO	12.39% $19.6M	0.07% 187.2K shares	Q4 2022 Held for 2y 11m	$157.8M
OZ MANAGEMENT LP Hedge Fund•Multi-Strategy	Wayne Nathan Cohen President	12.32% $564.8M	2.19% 5.5M shares	Q3 2017 Held for 8y 2m	$4.6B
B Bain Capital Public Equity Management II, LLC Institution	-	11.88% $254.2M	0.97% 2.4M shares	Q2 2021 Held for 4y 5m	$2.1B
Ruane, Cunniff & Goldfarb L.P. Long Only Manager	John Brooks Harris Managing Partner	10.81% $652.4M	2.52% 6.3M shares	Q1 2018 Held for 7y 8m	$6.0B
D Darsana Capital Partners LP Hedge Fund•Long/Short	Anand Kishor Desai Managing Partner	8.14% $372.9M	1.45% 3.6M shares	Q4 2024 Held for 11 months	$4.6B
C COOPER INVESTORS PTY LTD Institution	-	7.98% $28.9M	0.11% 286.6K shares	Q1 2024 Held for 1y 8m	$362.0M
Benchstone Capital Management LP Hedge Fund•Long/Short	Christopher Morgan Leff Founder	6.80% $49.9M	0.19% 477.4K shares	Q4 2024 Held for 11 months	$733.3M

Hedge Fund Spotlight

Discover hedge funds investing in FWONK and FWONA

Quent Capital, LLC

Hedge Fund • Long/Short

Portfolio ManagerWilliam Albert Jollie

Portfolio Value: $1.2B
Positions: 1,433
Last Reported: Q3 2025

Sector Allocation

Position in Liberty Media Corporation

FWONK and FWONA

Market Value: $10.2M
Shares Held: 153.9K
Portfolio Weight: 1.94%
Owned Since: 2021-Q4

Top Holding	Sector	Market Value	Weight
1 Vanguard Russell 1000 Growth VONG	ETF ETF	$129.0M	10.81%
2 SPDR Nuveen Bloomberg Short Term Municipal Bond SHM	ETF ETF	$79.3M	6.64%
3 iShares MSCI EAFE Growth EFG	ETF ETF	$59.0M	4.94%