Andrew Bary

Berkshire Hathaway sold about $27 million of Liberty Live Group stock in January, and it disclosed that Berkshire investment manager Ted Weschler and his family own around $22 million of the company.

Liberty Live's main asset is a 30% stake in concert operator Live Nation Entertainment.

In a form 4 filing, Berkshire said it sold about 330,000 of Liberty Live Group's nonvoting class C shares from Jan. 6 to Jan. 16. It now owns 10.6 million C shares and almost five million of the company's voting, Class A stock.

The total value of the Berkshire holdings in Liberty Live Group is about $1.4 billion. The company's class C shares finished Tuesday at $94.

The company used to be a tracking stock for Liberty Media, which is controlled by media baron John Malone, but was split off by Liberty Media in December. A split-off is similar to a spin off.

In a separate filing Tuesday, it was disclosed that Weschler, an investment manager who has had responsibility for an estimated 5% of Berkshire's $300 billion equity portfolio, directly owns about 223,000 shares of Liberty Live and that Weschler's daughter and a Weschler family trust control nearly 20,000 shares. Weschler's two daughters are beneficiaries of that trust.

Berkshire reported its fourth-quarter equity holdings in a 13-F report late Tuesday afternoon. The new Liberty Live filing updates that report to include trading activity in January.

Weschler, who is around 64 years old, has been a Berkshire investment manager since 2012. He has run part of the equity portfolio at the company which was overseen by CEO Warren Buffett until his retirement as CEO at year-end. Weschler now reports to Berkshire's new CEO Greg Abel.

Weschler owns stock in two other companies in which Berkshire has sizable equity stakes, Davita, a provider of kidney dialysis services, and Sirius XM Holdings, the satellite radio operator.

Weschler's stake in Sirius XM is worth about $17 million and Davita, $328 million, according to the most recent filings that Barron's is aware of.

Write to Andrew Bary at andrew.bary@barrons.com

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February 17, 2026 19:10 ET (00:10 GMT)

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