LIVE NATION ENTERTAINMENT IN

Portman Square Capital LLP cut its Live Nation position by 94.9% this quarter — 237,000 shares down to just 12,000 — a $41.2 million reduction in flow terms that is actually larger than the $23.0 million cut made by Davenport & Co, the stock's largest remaining holder at $124.2 million (over half of all tracked institutional value). Portman Square's near-total exit is large enough that it would have ranked among Live Nation's top three holders before this quarter, yet it now barely registers in the current top-20 table — a reminder that a stock's largest sellers don't always remain visible once they've sold. Y-Intercept (Hong Kong) opened the quarter's largest new position at $15.0 million, and Assenagon Asset Management, flagged quasi_passive, added a real 42.3% to its stake.