ValueAct Capital — LLYVA

How ValueAct Capital's position in Liberty Live Group Class A changed quarter by quarter. Change badges compare each quarter to the fund's immediately-prior filing.

Quarter	Shares	Value	% of portfolio	Change
Q1 2026	1,777,075	$162,851,153	2.85%	TRIM
Q4 2025	1,799,319	$146,644,499	2.09%	NEW