Liberty Interactive Corporation's Largest Shareholder Cuts Stake

The largest shareholder of Liberty Interactive Corp (NASDAQ:LINTA)  has cut its stake. Mason Hawkins’ Southeastern Asset Management the value oriented firm has reduced its stake in the Delaware based company from 7.86% to 4.4%, according to a 13G filed with The SEC. Southeastern Asset Management held 40,459,825 shares according to the firm’s 13F, today it holds  22,895,559 shares, making the firm the third largest shareholder. Liberty Interactive Corporation is a holding company that, through its subsidiaries, is engaged in the video and online commerce, media and entertainment industries. Its principal assets include the consolidated subsidiaries QVC Inc., Provide Commerce, Backcountry.com, Celebrate Interactive, Bodybuilding.com, Evite and equity affiliate…