0001193125-24-036510.txt : 20240214 0001193125-24-036510.hdr.sgml : 20240214 20240214165758 ACCESSION NUMBER: 0001193125-24-036510 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20240214 DATE AS OF CHANGE: 20240214 GROUP MEMBERS: BERKSHIRE HATHAWAY CONSOLIDATED PENSION PLAN MASTER TRUST GROUP MEMBERS: BNSF MASTER RETIREMENT TRUST GROUP MEMBERS: GEICO CORP GROUP MEMBERS: GOVERNMENT EMPLOYEES INSURANCE CO GROUP MEMBERS: NATIONAL FIRE & MARINE INSURANCE CO GROUP MEMBERS: NATIONAL INDEMNITY CO GROUP MEMBERS: PRECISION CASTPARTS CORP. MASTER TRUST GROUP MEMBERS: R. TED WESCHLER GROUP MEMBERS: WARREN E. BUFFETT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LIBERTY MEDIA CORPORATION CENTRAL INDEX KEY: 0000869614 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 841146903 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-41574 FILM NUMBER: 24639997 BUSINESS ADDRESS: STREET 1: 8101 EAST PRENTICE AVE SUITE 500 CITY: ENGLEWOOD STATE: CO ZIP: 80111 BUSINESS PHONE: 3037215400 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BERKSHIRE HATHAWAY INC CENTRAL INDEX KEY: 0001067983 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] ORGANIZATION NAME: 02 Finance IRS NUMBER: 470813844 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 3555 FARNAM STREET CITY: OMAHA STATE: NE ZIP: 68131 BUSINESS PHONE: 4023461400 MAIL ADDRESS: STREET 1: 3555 FARNAM STREET CITY: OMAHA STATE: NE ZIP: 68131 FORMER COMPANY: FORMER CONFORMED NAME: NBH INC DATE OF NAME CHANGE: 19980810 SC 13G 1 d107111dsc13g.htm SC 13G SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

(Amendment No. )

 

 

LIBERTY MEDIA CORPORATION

(Name of Issuer)

SERIES A LIBERTY LIVE COMMON STOCK

(Title of Class of Securities)

531229748

(CUSIP Number)

August 3, 2023

(Date of Event Which Requires Filing of this Statement)

 

 

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

☒ 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 disclosures provided in a prior cover page.

The information required on 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 (the “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.)

 

 

 


CUSIP No. 531229748    13G    Page 2 of 16 Pages

 

1   

NAME OF REPORTING PERSON

 

Warren E. Buffett

2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒  (b) ☐

 

3   

SEC USE ONLY

 

4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States Citizen

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

5,051,918

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

5,051,918

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,051,918

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐

 

Not Applicable.

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

19.7%

12   

TYPE OF REPORTING PERSON

 

IN


CUSIP No. 531229748    13G    Page 3 of 16 Pages

 

1   

NAME OF REPORTING PERSON

 

Berkshire Hathaway Inc.

2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒  (b) ☐

 

3   

SEC USE ONLY

 

4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

5,051,918

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

5,051,918

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,051,918

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐

 

Not applicable.

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

19.7%

12   

TYPE OF REPORTING PERSON

 

HC, CO


CUSIP No. 531229748    13G    Page 4 of 16 Pages

 

1   

NAME OF REPORTING PERSON

 

National Indemnity Company

2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒  (b) ☐

 

3   

SEC USE ONLY

 

4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Nebraska

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

3,741,543

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

3,741,543

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,741,543

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐

 

Not applicable.

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

14.6%

12   

TYPE OF REPORTING PERSON

 

IC, CO


CUSIP No. 531229748    13G    Page 5 of 16 Pages

 

1   

NAME OF REPORTING PERSON

 

National Fire & Marine Insurance Company

2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒  (b) ☐

 

3   

SEC USE ONLY

 

4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Nebraska

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

233,347

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

233,347

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

233,347

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐

 

Not applicable.

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.9%

12   

TYPE OF REPORTING PERSON

 

IC, CO


CUSIP No. 531229748    13G    Page 6 of 16 Pages

 

1   

NAME OF REPORTING PERSON

 

GEICO Corporation

2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒  (b) ☐

 

3   

SEC USE ONLY

 

4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

3,284,775

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

3,284,775

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,284,775

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐

 

Not applicable.

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

12.8%

12   

TYPE OF REPORTING PERSON

 

HC, CO


CUSIP No. 531229748    13G    Page 7 of 16 Pages

 

1   

NAME OF REPORTING PERSON

 

Government Employees Insurance Company

2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒  (b) ☐

 

3   

SEC USE ONLY

 

4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Nebraska

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

3,284,775

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

3,284,775

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,284,775

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐

 

Not applicable.

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

12.8%

12   

TYPE OF REPORTING PERSON

 

IC, CO


CUSIP No. 531229748    13G    Page 8 of 16 Pages

 

1   

NAME OF REPORTING PERSON

 

Berkshire Hathaway Consolidated Pension Plan Master Trust

2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒  (b) ☐

 

3   

SEC USE ONLY

 

4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Nebraska

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

589,979

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

589,979

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

589,979

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐

 

Not applicable.

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

2.3%

12   

TYPE OF REPORTING PERSON

 

EP


CUSIP No. 531229748    13G    Page 9 of 16 Pages

 

1   

NAME OF REPORTING PERSON

 

BNSF Master Retirement Trust

2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒  (b) ☐

 

3   

SEC USE ONLY

 

4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Texas

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

234,000

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

234,000

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

234,000

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐

 

Not applicable.

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.9%

12   

TYPE OF REPORTING PERSON

 

EP


CUSIP No. 531229748    13G    Page 10 of 16 Pages

 

1   

NAME OF REPORTING PERSON

 

Precision Castparts Corp. Master Trust

2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒  (b) ☐

 

3   

SEC USE ONLY

 

4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

State of Oregon

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

NONE

   6   

SHARED VOTING POWER

 

253,049

   7   

SOLE DISPOSITIVE POWER

 

NONE

   8   

SHARED DISPOSITIVE POWER

 

253,049

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

253,049

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐

 

Not applicable.

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

1.0%

12   

TYPE OF REPORTING PERSON

 

EP


CUSIP No. 531229748    13G    Page 11 of 16 Pages

 

1   

NAME OF REPORTING PERSON

 

R. Ted Weschler

2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☒  (b) ☐

 

3   

SEC USE ONLY

 

4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States Citizen

NUMBER OF

SHARES

BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

71,457

   6   

SHARED VOTING POWER

 

NONE

   7   

SOLE DISPOSITIVE POWER

 

71,457

   8   

SHARED DISPOSITIVE POWER

 

2,069

 9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

73,526

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐

 

Not applicable.

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

0.3%

12   

TYPE OF REPORTING PERSON

 

IN


   13G    Page 12 of 16 Pages

 

Item 1.

 

  (a)

Name of Issuer

LIBERTY MEDIA CORPORATION

 

  (b)

Address of Issuer’s Principal Executive Offices

12300 Liberty Boulevard, Englewood, CO 80112

Item 2(a). Name of Person Filing:

Item 2(b). Address of Principal Business Office:

Item 2(c). Citizenship:


Warren E. Buffett

3555 Farnam Street

Omaha, Nebraska 68131

United States Citizen

  

Berkshire Hathaway Inc.

3555 Farnam Street

Omaha, Nebraska 68131

Delaware corporation

National Indemnity Company

1314 Douglas Street

Omaha, Nebraska 68102

Nebraska corporation

  

BNSF Master Retirement Trust

c/o BNSF Railway Company

2650 Lou Menk Drive

Fort Worth, TX 76131

Texas

Government Employees Insurance Company

One GEICO Plaza

Washington, DC 20076

Nebraska corporation

  

GEICO Corporation

One GEICO Plaza

Washington, D.C. 20076

Delaware corporation

Berkshire Hathaway Consolidated Pension Plan Master Trust

c/o Berkshire Hathaway Inc.

3555 Farnam Street

Omaha, NE 68131

Nebraska

  

National Fire & Marine Insurance Company

1314 Douglas Street

Omaha, NE 68102

Nebraska corporation

Precision Castparts Corp. Master Trust

c/o Precision Castparts Corp.

5885 Meadows Road

Suite 620

Lake Oswego, OR 97035

Oregon

 

R. Ted Weschler

404 East Main Street

Charlottesville, VA 22902

United States Citizen

  


Page 14 of 16 Pages

 

  (d)

Title of Class of Securities

Class A Common Stock

 

  (e)

CUSIP Number

531229748

Item 3. If this statement is filed pursuant to § 240.13d-1(b), or § 240.13d-2(b) or (c), check whether the person filing is a:

Warren E. Buffett (an individual who may be deemed to control Berkshire Hathaway Inc.), Berkshire Hathaway Inc. and GEICO Corporation are each a Parent Holding Company or Control Person, in accordance with § 240.13d-1(b)(1)(ii)(G).

National Indemnity Company, Government Employees Insurance Company and National Fire & Marine Insurance Company are each an Insurance Company as defined in section 3(a)(19) of the Act.

Berkshire Hathaway Consolidated Pension Plan Master Trust, Precision Castparts Corp. Master Trust and BNSF Master Retirement Trust are each an Employee Benefit Plan in accordance with § 240.13d-1(b)(1)(ii)(F).

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a)

Amount beneficially Owned

See the Cover Pages for each of the Reporting Persons.

 

  (b)

Percent of Class

See the Cover Pages for each of the Reporting Persons.

 

  (c)

Number of shares as to which such person has:

 

  (i)

sole power to vote or to direct the vote

 

  (ii)

shared power to vote or to direct the vote

 

  (iii)

sole power to dispose or to direct the disposition of

 

  (iv)

shared power to dispose or to direct the disposition of

See the Cover Pages for each of the Reporting Persons.

Item 5. Ownership of Five Percent or Less of a Class.

Not Applicable.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable.


Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

See Exhibit A.

Item 8. Identification and Classification of Members of the Group.

See Exhibit A.

Item 9. Notice of Dissolution of Group.

Not Applicable.

Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.


Page 16 of 16 Pages

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated this 14th day of February, 2024

 

/s/ Warren E. Buffett
Warren E. Buffett
BERKSHIRE HATHAWAY INC.
By:   /s/ Warren E. Buffett
  Warren E. Buffett
  Chairman of the Board
NATIONAL INDEMNITY COMPANY, GEICO CORPORATION, GOVERNMENT EMPLOYEES INSURANCE COMPANY, NATIONAL FIRE & MARINE INSURANCE COMPANY, BERKSHIRE HATHAWAY CONSOLIDATED PENSION PLAN MASTER TRUST, BNSF MASTER RETIREMENT TRUST, AND PRECISION CASTPARTS CORP. MASTER TRUST
By:   /s/ Warren E. Buffett
 

Warren E. Buffett

Attorney-in-Fact

By:   /s/ R. Ted Weschler
  R. Ted Weschler

 

EX-99.A 2 d107111dex99a.htm EX-99.A EX-99.A

SCHEDULE 13G

EXHIBIT A

RELEVANT SUBSIDIARIES AND MEMBERS OF FILING GROUP

PARENT HOLDING COMPANIES OR CONTROL PERSONS:

Warren E. Buffett (an individual who may be deemed to control Berkshire Hathaway Inc.)

Berkshire Hathaway Inc.

GEICO Corporation

INSURANCE COMPANIES AS DEFINED IN SECTION 3(a)(19) OF THE ACT:

National Indemnity Company

Government Employees Insurance Company

National Fire & Marine Insurance Company

EMPLOYEE BENEFIT PLANS IN ACCORDANCE WITH § 240.13d-1(b)(1)(ii)(F)

Berkshire Hathaway Consolidated Pension Plan Master Trust

Precision Castparts Corp. Master Trust

BNSF Master Retirement Trust

OTHER MEMBER OF FILING GROUP

R. Ted Weschler

EX-99.B 3 d107111dex99b.htm EX-99.B EX-99.B

SCHEDULE 13G

EXHIBIT B

JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)

The undersigned persons hereby agree that reports on Schedule 13G, and amendments thereto, with respect to the Series A Liberty Live Common Stock of Liberty Media Corporation may be filed in a single statement on behalf of each of such persons, and further, each of such persons designates Warren E. Buffett as its agent and Attorney-in-Fact for the purpose of executing any and all Schedule 13G filings required to be made by it with the Securities and Exchange Commission.

 

Dated: February 14, 2024      

/s/ Warren E. Buffett

      Warren E. Buffett
      Berkshire Hathaway Inc.
Dated: February 14, 2024      

/s/ Warren E. Buffett

      By: Warren E. Buffett
Title: Chairman of the Board
      National Indemnity Company
Dated: February 14, 2024      

/s/ Marc D. Hamburg

      By: Marc D. Hamburg
Title: Chairman of the Board
      GEICO Corporation
Dated: February 14, 2024      

/s/ Todd A. Combs

      By: Todd A. Combs
      Title: President
      Government Employees Insurance Company
Dated: February 14, 2024      

/s/ Todd A. Combs

      By: Todd A. Combs
      Title: President
      Berkshire Hathaway Consolidated Pension Plan Master Trust
Dated: February 14, 2024      

/s/ Mark D. Millard

      By: Mark D. Millard
      Title: Vice President, Berkshire Hathaway
      National Fire & Marine Insurance Company
Dated: February 14, 2024      

/s/ Marc D. Hamburg

      By: Marc D. Hamburg
      Title: Chairman of the Board


      BNSF Master Retirement Trust
Dated: February 14, 2024      

/s/ Paul Bischler

      By: Paul Bischler
      Title: Vice President, Burlington Northern Santa Fe, LLC
      Precision Castparts Corp.
Dated: February 14, 2024      

/s/ Shawn Hagel

      By Shawn Hagel
      Title: Executive Vice President, Precision Castparts Corp.
Dated: February 14, 2024      

/s/ R. Ted Weschler

      by R. Ted Weschler