ValueAct Capital significantly reduced its investment in Live Nation Entertainment (LYV), cutting its holdings by 51.64% during the second quarter of 2026. According to its latest 13F filing, the firm sold over 322,000 shares, decreasing its position from approximately 624,700 shares to 302,000. The reported value of ValueAct's remaining stake in the entertainment company now stands at about $55.3 million.
This disclosure, filed in mid-August, reflects trading activity that occurred between April and June 2026. The reduction took place during a quarter in which Live Nation faced a jury verdict finding it had operated as a monopoly. Despite legal challenges, the company reported a 9% increase in quarterly revenue to $7.7 billion in its Q2 earnings release.