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Liberty Media Corp (LMCA): Billionaire Mason Hawkins’ Southeastern Asset Management Reports New Stake

Billionaire Mason Hawkins Southeastern Asset Management recently filed a Form 13G with the Securities and Exchange Commission, in which it disclosed the acquisition of 8.30 million Series C common shares of Liberty Media Corp (NASDAQ:LMCA), which amass 14.9% of the company’s outstanding stock. This represents a new investment for Southeastern Asset Management.

Liberty Media Corporation is a mass media company engaged in various entertainment businesses through its many subsidiaries and affiliates. Over the past 12 months, the company’s shares have lost 45.02%. In its latest financial report for the first quarter of 2016, Liberty Media (NASDAQ:LMCA) reported revenue of $1.2 billion, slightly beating the estimates of $1.18 billion. Recently, Deutsche Bank AG downgraded its rating on the stock to ‘Hold’ from ‘Buy’ and slashed its price target on it to $23.00 from $44.00. Wunderlich also heavily cut its price target on the stock recently, to $22.50 from $49.00, while still having a ‘Buy’ rating on it.

As per Insider Monkey’s hedge fund database, Liberty Media (NASDAQ:LMCA) has seen a decrease in the number of investors long the stock, as 38 funds disclosed such positions as of the end of March, down from 41 a quarter earlier. The biggest position in the company was owned by Warren Buffett’s Berkshire Hathaway, worth close to $386.3 million, while coming in second was D E Shaw, founded by David E. Shaw, with a position that was worth approximately $175.9 million. Some other smart money investors with similar interest included Bob Peck and Andy Raab’s FPR Partners, Murray Stahl’s Horizon Asset Management, and Howard Marks’ Oaktree Capital Management.

01 Mason Hawkins

Some of the investors who dumped Liberty Media (NASDAQ:LMCA) during the first quarter were Andrew Goldman’s Seven Locks Capital Management, which dropped the largest position of the funds followed by Insider Monkey, worth about $15.54 million in stock. Right behind this move was Paul Marshall and Ian Wace’s Marshall Wace LLP, which dropped its position also worth around $13.49 million.

You can access the original SEC filing by clicking here.

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Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Southeastern Asset Management, Inc. 0 8,191,953 112,539  8,191,953 8,304,492 14.9%
Longleaf Partners Small-Cap Fund 0 8,191,953   0  8,191,953 8,191,953 14.7%
O. Mason Hawkins 0 0 0 0 0 0.0%

Mason Hawkins
Mason Hawkins
Southeastern Asset Management

Page 1 of 4 – SEC Filing

Washington, D.C. 20549

Under the Securities Exchange Act of 1934

(Initial Filing)*

Liberty Media Corporation
(Name of Issuer)

Series C Common Stock
(Title of Class and Securities)


(CUSIP Number of Class of Securities)

Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

/X/ Rule 13d-1(b)
/ / Rule 13d-1(c)
/ / Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a

reporting person’s initial filing on this form with respect to the

subject class of securities, and for any subsequent amendment

containing information which would alter the disclosures provided

in a prior page.

The information required in the remainder of this cover page shall

not be deemed to be “filed” for the purpose of Section 18 of the

Securities Exchange Act of 1934 (“Act”) or otherwise subject to the

liabilities of that section of the Act but shall be subject to all

other provisions of the Act (however, see the Notes).

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