Here’s how Liberty Media Will Split Into 3 New Stocks by Reuters @FortuneMagazine November 12, 2015, 10:02 AM EST E-mail Tweet Facebook Linkedin Share icons John Malone’s Liberty Media LMCA said it would reclassify its shares into three new tracking stock groups. A tracking stock is a type of common stock that “tracks” or depends on the financial performance of a specific business unit or operating division of a company rather than the operations of a company as a whole. One tracking stock would be designated as the Liberty Braves Group, one as the Liberty Media Group and the third as the Liberty Sirius Group. Liberty Media expects to complete the creation of the new tracking stocks in the first half of 2016. Media mogul and Liberty Media Chairman John Malone previously used tracking stocks in 2012 to separate the home shopping services assets of Liberty Interactive Corp from its digital media assets.