Wisconsin Investment Board Maintains Liberty Media F1 Stake

TL;DR

**Wisconsin's pension fund still owns a chunk of Liberty Media F1 stock, signaling long-term confidence.**

AI Summary

The State of Wisconsin Investment Board (SWIB) filed an amended SC 13G/A on January 26, 2024, disclosing its ownership of Liberty Media Corporation's Series A Liberty Formula One Common Stock (CUSIP 531229771) as of December 31, 2023. This filing indicates that SWIB continues to hold a significant, though passive, stake in Liberty Media, which owns Formula 1. This matters to investors because it shows a large institutional investor maintains confidence in the company, potentially signaling stability or long-term growth prospects for the stock.

Why It Matters

This filing confirms a major institutional investor, the State of Wisconsin Investment Board, continues to hold a significant position in Liberty Media's Formula One stock, which can be seen as a vote of confidence in the company's future.

Risk Assessment

Risk Level: low — This filing is an amendment to a passive ownership disclosure, indicating no immediate change in strategy or significant new risks.

Analyst Insight

Investors should note that a large, long-term institutional investor like the State of Wisconsin Investment Board continues to hold Liberty Media's Formula One stock, suggesting stability, but this filing alone doesn't indicate new buying or selling activity.

Key Numbers

• 531229771 — CUSIP Number (identifies the Series A Liberty Formula One Common Stock)

Key Players & Entities

• State of Wisconsin Investment Board (company) — the reporting person and institutional investor
• Liberty Media Corporation (company) — the issuer of the securities
• Series A Liberty Formula One Common Stock (company) — the specific class of securities owned
• December 31, 2023 (date) — the date of the event requiring the filing
• January 26, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• The State of Wisconsin Investment Board will maintain its passive stake in Liberty Media's Formula One stock. (State of Wisconsin Investment Board) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• formsc13ga.htm (SC 13G/A) — 26KB
• 0001062993-24-001377.txt ( ) — 28KB

Ownership

Item 4. Ownership (a) Amount Beneficially Owned: See Item 9 of the Cover Pages. (b) Percent of Class: See Item 11 of the Cover Pages. Page 3 of 5 (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See Item 5 of the Cover Pages. (ii) Shared power to vote or to direct the vote: See Item 6 of the Cover Pages. (iii) Sole power to dispose or to direct the disposition of: See Item 7 of the Cover Pages. (iv) Shared power to dispose or to direct the disposition of: See Item 8 of the Cover Pages.

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].

Ownership of more than Five Percent on Behalf of Another Person

Item 6. Ownership of more than Five 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

Identification and classification of members of the group

Item 8. Identification and classification of members of the group. Not Applicable

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not Applicable

Certifications

Item 10. Certifications. By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. Page 4 of 5 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. Dated: January 26, 2024 /s/ Lisa Lange Name: Lisa Lange Title: Director of Compliance & Senior Legal Counsel The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). Page 5 of 5

View Full Filing

View this SC 13G/A filing on SEC EDGAR