Liberty SiriusXM (LSXMK) in Wally Weitz's Multi Cap Equity Fund Q2 2024

Merger Anticipation and Operating Challenges Impact Performance

Apr 15, 2025

Summary

Operating challenges and elevated investment cycle affect cash flows.
Anticipation of merger with SiriusXM to simplify ownership structure.
Top detractor for the quarter and year-to-date periods.

Liberty Media Corp.-Liberty SiriusXM (LSXMK, Financial) was noted in Wally Weitz's Multi Cap Equity Fund 2nd-Quarter Commentary 2024 Q2 as a top detractor from the fund's performance. The company's operating challenges and elevated investment cycle have impacted cash flows, although the anticipated merger with SiriusXM is expected to simplify the ownership structure.

"Liberty SiriusXM saw poor second-quarter returns, landing it on the list of top detractors for the quarter and year-to-date periods." — Wally Weitz, Multi Cap Equity Fund, Q2 2024 Fund Letter

Read full letter at gurufocus Wally Weitz's Multi Cap Equity Fund 2nd-Quarter Commentary 2024 Q2 page.

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