Skip to main content
Livermore
Livermore
ZHEN

FPR Partners LLC

SEC CIK
0001546190
Latest filing
May 14, 2025

The latest 13F from FPR Partners LLC covers Q1 2025 (filed May 14, 2025): 10 long positions worth $578.6M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Sirius XM Holdings Inc. (SIRI) at 17.1%. Livermore has 17 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q1 2025

Share counts compared with Q4 2024: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
0
Added
0
Reduced
10
Est. −$289.2M
Sold out
1
Est. −$40.1M

Top 5 holdings

Share of this quarter's portfolio value

  1. SIRISirius XM Holdings Inc.
    17.1%$99.1MHistory
  2. ALITAlight, Inc. / Delaware
    15.0%$87.1MHistory
  3. KMIKinder Morgan, Inc.
    14.2%$82.0MHistory
  4. GOGrocery Outlet Holding Corp.
    12.4%$71.7MHistory
  5. LBRDALiberty Broadband Corp
    11.8%$68.1MHistory

Biggest buys

New and added positions, by estimated amount bought

None this quarter.

Largest weight increases

New and added positions, by percentage points of the portfolio gained

None this quarter.

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. KMIKinder Morgan, Inc.
    −$72.2MReducedHistory
  2. LBRDKLiberty Broadband Corp
    −$46.4MReducedHistory
  3. SIRISirius XM Holdings Inc.
    −$44.1MReducedHistory
  4. CVNACarvana Co.
    −$40.1MSold outHistory
  5. ALITAlight, Inc. / Delaware
    −$38.7MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. CVNACarvana Co.
    −4.40 pp4.4% → 0.0%History
  2. TVGrupo Televisa, S.A.B.
    −2.37 pp4.1% → 1.8%History
  3. KMIKinder Morgan, Inc.
    −2.10 pp16.3% → 14.2%History
  4. ALITAlight, Inc. / Delaware
    −1.08 pp16.1% → 15.0%History
  5. QVCGAOld QVC Group, Inc.
    −0.29 pp1.1% → 0.8%History

Metrics

13F metrics for Q1 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$578.6M
−$331.4M (−36.4%) vs. prior quarter
Positions
10
−1 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
0.0%
Q1 2025, one quarter
Average holding period
12.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

17 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.88B (Q2 2021)

Q1 2021: $3.65BQ2 2021: $3.88BQ3 2021: $3.77BQ4 2021: $3.46BQ1 2022: $3.09BQ2 2022: $2.44BQ3 2022: $2.17BQ4 2022: $2.08BQ1 2023: $1.99BQ2 2023: $2.07BQ3 2023: $1.85BQ4 2023: $1.53BQ1 2024: $1.26BQ2 2024: $989.2MQ3 2024: $1.07BQ4 2024: $910.1MQ1 2025: $578.6M
Q1 2021Q1 2025
13F filings of FPR Partners LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q1 2025May 14, 202510$578.6MSIRIALITKMIvs. Q4 2024SEC
Q4 2024Feb 14, 202511$910.1MKMIALITSIRIvs. Q3 2024SEC
Q3 2024Nov 14, 202412$1.07BALITSIRIKMIvs. Q2 2024SEC
Q2 2024Aug 14, 202415$989.2MALITKMILiberty Media Corpvs. Q1 2024SEC
Q1 2024May 15, 202416$1.26BALITLiberty Media CorpKMIvs. Q4 2023SEC
Q4 2023Feb 14, 202415$1.53BALITKMILiberty Media Corpvs. Q3 2023SEC
Q3 2023Nov 14, 202315$1.85BACGLLBRDKALITvs. Q2 2023SEC
Q2 2023Aug 14, 202313$2.07BALITACGLLiberty Media Corp Delvs. Q1 2023SEC
Q1 2023May 15, 202313$1.99BACGLALITKMIvs. Q4 2022SEC
Q4 2022Feb 14, 202313$2.08BACGLLiberty Media Corp DelALITvs. Q3 2022SEC
Q3 2022Nov 14, 202213$2.17BACGLLiberty Media Corp DelALITvs. Q2 2022SEC
Q2 2022Aug 15, 202213$2.44BACGLLBRDKLiberty Media Corp Delvs. Q1 2022SEC
Q1 2022May 16, 202212$3.09BACGLLBRDKTVvs. Q4 2021SEC
Q4 2021Feb 14, 202214$3.46BACGLLBRDKLiberty Media Corp Delvs. Q3 2021SEC
Q3 2021Nov 15, 202118$3.77BACGLLBRDKLiberty Media Corp Delvs. Q2 2021SEC
Q2 2021Aug 16, 202117$3.88BLBRDKACGLTVvs. Q1 2021SEC
Q1 2021May 17, 202116$3.65BACGLLBRDKKMI–SEC

13D and 13G filings

Companies where FPR Partners LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where FPR Partners LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
LBRDALiberty Broadband Corp13G/A5.00%911.7K shares–Feb 16, 20216 filingsFeb 14, 2025SEC

Latest filings

44 filings on file made by FPR Partners LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by FPR Partners LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
GOGrocery Outlet Holding Corp.Jun 6, 20252:56 PM ET13G/A1.60%1.54M shares–Below 5%May 31, 2025SEC
QVCGAOld QVC Group, Inc.Jun 6, 20252:19 PM ET13G/A1.60%122.4K shares−4.20 ppfrom 5.80%Below 5%May 31, 2025SEC
VISNVistance Networks, Inc.May 14, 20252:55 PM ET13G/A4.40%9.53M shares–Below 5%Mar 31, 2025SEC
QVCGAOld QVC Group, Inc.May 14, 20252:11 PM ET13G/A5.80%22.9M shares–Mar 31, 2025SEC
LBRDALiberty Broadband CorpFeb 14, 20253:52 PM ET13G/A5.00%911.7K shares–Dec 31, 2024SEC
LBRDALiberty Broadband CorpNov 14, 202413G/AOld format–––SEC
GOGrocery Outlet Holding Corp.Nov 14, 202413GOld format–New–SEC
VISNVistance Networks, Inc.Nov 14, 202413G/AOld format–––SEC
ALITAlight, Inc. / DelawareNov 14, 202413G/AOld format–––SEC
VISNVistance Networks, Inc.Jul 3, 202413G/AOld format–––SEC
SNPOSnap One Holdings Corp.May 30, 202413G/AOld format–––SEC
VSATViasat IncFeb 14, 202413G/AOld format–––SEC
TVGrupo Televisa, S.A.B.Feb 14, 202413G/AOld format–––SEC
QVCGAOld QVC Group, Inc.Feb 14, 202413G/AOld format–––SEC
LBRDALiberty Broadband CorpFeb 14, 202413G/AOld format–––SEC
VISNVistance Networks, Inc.Feb 14, 202413G/AOld format–––SEC
ALITAlight, Inc. / DelawareFeb 14, 202413G/AOld format–––SEC
SNPOSnap One Holdings Corp.Jan 5, 202413G/AOld format–––SEC
VISNVistance Networks, Inc.Oct 6, 202313G/AOld format–––SEC
VSATViasat IncFeb 14, 202313G/AOld format–––SEC