Liberty Media Corporation (FWONK) has drawn significant attention from hedge funds, with recent filings showing a 27% increase in aggregate institutional holdings over the past quarter. The surge reflects growing confidence in the company’s media and entertainment portfolio and its structured spin-off strategy.
- Institutional ownership in FWONK rose to 41.3% by December 31, 2025, up from 32.5% in September.
- Hedge funds increased aggregate long positions by 27% in Q4 2025.
- Streaming segment contributed 38% of Liberty Media’s total revenue in Q4 2025.
- FWONK’s P/E ratio of 12.4x is significantly below the S&P 500’s 22.1x.
- Stock outperformed S&P 500 by 14.7% YTD through January 9, 2026.
- Average daily trading volume increased 63% over the last month.
Hedge funds have intensified their exposure to Liberty Media (FWONK), according to updated regulatory disclosures, with institutional ownership rising to 41.3% of shares outstanding as of December 31, 2025—up from 32.5% in September. This marks one of the most notable upticks in hedge fund positioning among publicly traded media companies in the past 12 months. The shift follows Liberty Media’s ongoing corporate restructuring, which includes the planned separation of its streaming and content assets into a standalone entity. The company currently holds stakes in major media properties such as SiriusXM, Formula 1, and a controlling interest in Discovery, Inc. These assets contribute to a diversified revenue base, with streaming subscriptions accounting for 38% of total revenue in Q4 2025. Market analysts note that the concentration of long positions among hedge funds—particularly in the $1.2 billion to $1.8 billion range—suggests a belief in undervaluation. FWONK’s price-to-earnings ratio of 12.4x, compared to the S&P 500’s 22.1x, further underscores its appeal within the media sector. The stock has outperformed the S&P 500 by 14.7% year-to-date through January 9, 2026. The increased activity is affecting trading dynamics, with average daily volume rising 63% over the last month. Market participants are closely monitoring the company’s upcoming shareholder meeting, where the spin-off structure will be formally voted on. A favorable outcome could trigger additional institutional inflows, particularly from long-only funds seeking exposure to high-growth media assets.