LIBERTY MEDIA CORP DEL SIRI 3.75 03.15.28

NOTE 3.750% 3/1 · US DOMESTIC · CUSIP 531229AP7

36 institutional holders -1 vs Q3 2024

520,000520.0k shares reported held*

$601.8mreported value*

7 new 9 added 11 reduced 8 sold out net sold ≈ $18.4m (+168.7k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $1157.33.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

Numbers

Quarter	Holders
Q1 2024	34
Q2 2024	41
Q3 2024	37
Q4 2024	36

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out

Numbers

Quarter	Bought or added	Cut or sold out
Q2 2024	24	15
Q3 2024	18	20
Q4 2024	16	19

Biggest buyers

Linden Advisors LP	Added	+98,500,000+98.5m
GLAZER CAPITAL, LLC	New	+24,868,000+24.9m
D. E. Shaw & Co., Inc.	Added	+17,558,000+17.6m
Jump Financial, LLC	New	+8,000,000+8.0m
WELLS FARGO & COMPANY/MN	Added	+6,031,000+6.0m
ARISTEIA CAPITAL, L.L.C.	New	+6,000,000+6.0m
HBK INVESTMENTS L P	Added	+4,600,000+4.6m
Rokos Capital Management LLP	New	+3,767,000+3.8m
SHENKMAN CAPITAL MANAGEMENT INC	Added	+3,304,000+3.3m
RWC Asset Management LLP	New	+2,500,000+2.5m

Biggest sellers

Shaolin Capital Management LLC	Sold out	-50,000,000-50.0m
MILLENNIUM MANAGEMENT LLC	Reduced	-25,000,000-25.0m
BANK OF MONTREAL /CAN/	Reduced	-20,390,000-20.4m
CITADEL ADVISORS LLC	Reduced	-18,000,000-18.0m
ADVENT CAPITAL MANAGEMENT /DE/	Reduced	-17,027,000-17.0m
JPMORGAN CHASE & CO	Reduced	-15,128,000-15.1m
ZAZOVE ASSOCIATES LLC	Reduced	-11,423,000-11.4m
MOORE CAPITAL MANAGEMENT, LP	Sold out	-10,000,000-10.0m
FMR LLC	Sold out	-8,760,000-8.8m
Nuveen Asset Management, LLC	Reduced	-5,500,000-5.5m

Holders, Q4 2024

#	Manager	Location	Shares	Value	% of their portfolio	Change	Shares change
1	Linden Advisors LP 2.09% of their portfolio	New York, NY	243,410,000243.4m $252.0m	$252.0m	2.09%	Added +98.5m	+98,500,000
2	D. E. Shaw & Co., Inc. 0.05% of their portfolio	New York, NY	47,542,00047.5m $49.3m	$49.3m	0.05%	Added +17.6m	+17,558,000
3	ZAZOVE ASSOCIATES LLC 3.57% of their portfolio	INCLINE VILLAGE, NV	35,731,00035.7m $37.0m	$37.0m	3.57%	Reduced -11.4m	-11,423,000
4	MacKay Shields LLC 0.91% of their portfolio	New York, NY	29,835,00029.8m $30.9m	$30.9m	0.91%	Unchanged
5	FRANKLIN RESOURCES INC 0.01% of their portfolio	San Mateo, CA	25,000,00025.0m $25.9m	$25.9m	0.01%	Unchanged
6	Alberta Investment Management Corp 0.17% of their portfolio	EDMONTON, A0	25,000,00025.0m $26.2m	$26.2m	0.17%	Unchanged
7	GLAZER CAPITAL, LLC 1.74% of their portfolio	New York, NY	24,868,00024.9m $25.6m	$25.6m	1.74%	New
8	BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio	PARIS, I0	15,303,00015.3m $15.8m	$15.8m	0.01%	Unchanged
9	HBK INVESTMENTS L P 0.29% of their portfolio	DALLAS, TX	14,600,00014.6m $15.1m	$15.1m	0.29%	Added +4.6m	+4,600,000
10	Nuveen Asset Management, LLC 0.00% of their portfolio	CHICAGO, IL	13,500,00013.5m $13.9m	$13.9m	0.00%	Reduced -5.5m	-5,500,000
11	STATE STREET CORP 0.00% of their portfolio	BOSTON, MA	13,059,00013.1m $13.7m	$13.7m	0.00%	Added +300.0k	+300,000
12	SHENKMAN CAPITAL MANAGEMENT INC 1.22% of their portfolio	NEW YORK, NY	12,855,00012.9m $14.0m	$14.0m	1.22%	Added +3.3m	+3,304,000
13	WELLS FARGO & COMPANY/MN 0.00% of their portfolio	SAN FRANCISCO, CA	12,479,00012.5m $13.1m	$13.1m	0.00%	Added +6.0m	+6,031,000
14	CSS LLC/IL 0.58% of their portfolio	CHICAGO, IL	9,347,0009.3m $9.7m	$9.7m	0.58%	Added +347.0k	+347,000
15	MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio	NEW YORK, NY	8,750,0008.8m $9.1m	$9.1m	0.01%	Reduced -25.0m	-25,000,000
16	Jump Financial, LLC 0.17% of their portfolio	Chicago, IL	8,000,0008.0m $8.2m	$8.2m	0.17%	New
17	CITADEL ADVISORS LLC 0.01% of their portfolio	MIAMI, FL	7,000,0007.0m $7.2m	$7.2m	0.01%	Reduced -18.0m	-18,000,000
18	ARISTEIA CAPITAL, L.L.C. 0.23% of their portfolio	GREENWICH, CT	6,000,0006.0m $6.2m	$6.2m	0.23%	New
19	BlackRock, Inc. 0.00% of their portfolio	New York, NY	5,819,0005.8m $6.0m	$6.0m	0.00%	Added +800.0k	+800,000
20	ADVENT CAPITAL MANAGEMENT /DE/ 0.12% of their portfolio	NEW YORK, NY	5,147,0005.1m $5.3m	$5.3m	0.12%	Reduced -17.0m	-17,027,000
21	Rokos Capital Management LLP 0.08% of their portfolio	LONDON, X0	3,767,0003.8m $3.9m	$3.9m	0.08%	New
22	SSI INVESTMENT MANAGEMENT LLC 0.25% of their portfolio	Los Angeles, CA	3,250,0003.2m $3.4m	$3.4m	0.25%	Unchanged
23	Man Group plc 0.01% of their portfolio	LONDON, X0	2,750,0002.8m $2.8m	$2.8m	0.01%	Unchanged
24	RWC Asset Management LLP 0.13% of their portfolio	LONDON, X0	2,500,0002.5m $2.6m	$2.6m	0.13%	New
25	JPMORGAN CHASE & CO 0.00% of their portfolio	NEW YORK, NY	1,934,0001.9m $2.0m	$2.0m	0.00%	Reduced -15.1m	-15,128,000
26	Cutler Capital Management, LLC 0.50% of their portfolio	WORCESTER, MA	1,400,0001.4m $1.4m	$1.4m	0.50%	Added +500.0k	+500,000
27	Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio	ZURICH, V8	300,000300.0k $313.9k	$313.9k	0.00%	Reduced -200.0k	-200,000
28	SEI INVESTMENTS CO 0.00% of their portfolio	OAKS, PA	250,000250.0k $257.8k	$257.8k	0.00%	Unchanged
29	Murchinson Ltd. 0.12% of their portfolio	TORONTO, A6	250,000250.0k $262.0k	$262.0k	0.12%	New
30	Wellesley Asset Management 0.03% of their portfolio	PORTSMOUTH, NH	240,000240.0k $248.8k	$248.8k	0.03%	Reduced -860.0k	-860,000
31	LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio	NEW YORK, NY	139,000139.0k $144.0k	$144.0k	0.00%	Unchanged
32	BANK OF MONTREAL /CAN/ 0.00% of their portfolio	TORONTO, A6	104,000104.0k $108.8k	$108.8k	0.00%	Reduced -20.4m	-20,390,000
33	BANK OF AMERICA CORP /DE/ 0.00% of their portfolio	CHARLOTTE, NC	68,00068.0k $70.1k	$70.1k	0.00%	Reduced -412.0k	-412,000
34	CITIGROUP INC 0.00% of their portfolio	NEW YORK, NY	23,00023.0k $23.7k	$23.7k	0.00%	Reduced -1.9m	-1,919,000
35	CHOREO, LLC 0.00% of their portfolio	ROCKFORD, IL	20,00020.0k $20.9k	$20.9k	0.00%	New
36	CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio	BIRMINGHAM, AL	00 $0	$0	0.00%	Unchanged