Who owns Warner Bros. Discovery (WBD)
Which tracked institutional funds hold WBD, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See WBD company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
233 tracked funds added or opened WBD while 259 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
WBD’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.1pp gap the other way — the median holder sizes WBD more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in WBD divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 1234 tracked filers holding WBD, 594 increased or opened the position and 599 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in WBD between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 35
- Third Point LLC$533M
- Symmetry Investments LP$224M
- BOUSSARD & GAVAUDAN GESTION SAS$71M
- DME Capital Management, LP$60M
- Newbrook Capital Advisors LP$33M
- TWO SIGMA INVESTMENTS, LP$26M
Full exits 80
- Amundi$403M
- SG Americas Securities, LLC$204M
- Thrivent Financial for Lutherans$95M
- HRT FINANCIAL LP$65M
- Boussard & Gavaudan Investment Management LLP$63M
- CANADA LIFE ASSURANCE Co$61M
Largest adds
- Invesco Ltd.$706M
- D. E. Shaw & Co., Inc.$678M
- BlackRock, Inc.$613M
- JPMORGAN CHASE & CO$540M
- NORGES BANK$521M
- CITADEL ADVISORS LLC$382M
Largest trims
- HARRIS ASSOCIATES L P$775M
- BARCLAYS PLC$548M
- BALYASNY ASSET MANAGEMENT L.P.$249M
- CAPSTONE INVESTMENT ADVISORS, LLC$189M
- MORGAN STANLEY$164M
- NATIONAL BANK OF CANADA /FI/$155M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 198,085,828 | $5.3B | 11.7% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 158,635,529 | $4.2B | 9.3% | 2026-Q2 |
| STATE STREET CORP added | 128,364,674 | $3.4B | 7.6% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 105,102,281 | $2.8B | 6.2% | 2026-Q2 |
| Invesco Ltd. added | 80,086,951 | $2.1B | 4.7% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 69,897,377 | $1.9B | 4.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 57,657,575 | $1.5B | 3.4% | 2026-Q2 |
| Pentwater Capital Management LP trimmed | 47,576,000 | $1.3B | 2.8% | 2026-Q2 |
| FMR LLC added | 45,257,749 | $1.2B | 2.7% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 44,587,810 | $1.2B | 2.6% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 40,750,490 | $1.1B | 2.4% | 2026-Q2 |
| NORGES BANK added | 31,238,355 | $833M | 1.8% | 2026-Q2 |
| Sessa Capital IM, L.P. trimmed | 30,165,805 | $804M | 1.8% | 2026-Q2 |
| MORGAN STANLEY trimmed | 25,684,576 | $685M | 1.5% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 25,006,903 | $667M | 1.5% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 22,010,425 | $587M | 1.3% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 21,723,714 | $579M | 1.3% | 2026-Q2 |
| UBS Group AG added | 20,837,420 | $556M | 1.2% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 20,460,517 | $555M | 1.2% | 2026-Q2 |
| Third Point LLC new | 20,000,000 | $533M | 1.2% | 2026-Q2 |
| CAXTON ASSOCIATES LLP added | 19,423,068 | $518M | 1.1% | 2026-Q2 |
| HBK INVESTMENTS L P added | 18,965,932 | $506M | 1.1% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 18,487,841 | $493M | 1.1% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 17,029,524 | $454M | 1.0% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 16,512,606 | $440M | 1.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 15,994,188 | $426M | 0.9% | 2026-Q2 |
| Legal & General Group Plc added | 15,466,648 | $412M | 0.9% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 15,044,844 | $401M | 0.9% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 13,831,365 | $369M | 0.8% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 13,829,848 | $370M | 0.8% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 13,115,688 | $350M | 0.8% | 2026-Q2 |
| LMR Partners LLP added | 13,035,187 | $348M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 12,688,029 | $338M | 0.7% | 2026-Q2 |
| Verition Fund Management LLC added | 9,029,415 | $241M | 0.5% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 8,935,888 | $238M | 0.5% | 2026-Q2 |
| Symmetry Investments LP added | 8,397,981 | $224M | 0.5% | 2026-Q2 |
| Independent Franchise Partners LLP trimmed | 8,157,933 | $217M | 0.5% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ trimmed | 7,887,162 | $210M | 0.5% | 2026-Q2 |
| BARCLAYS PLC trimmed | 7,855,985 | $209M | 0.5% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 7,590,252 | $203M | 0.4% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL added | 7,286,085 | $194M | 0.4% | 2026-Q2 |
| Newport Trust Company, LLC trimmed | 7,073,339 | $189M | 0.4% | 2026-Q2 |
| Allianz Asset Management GmbH added | 6,922,753 | $185M | 0.4% | 2026-Q2 |
| National Pension Service added | 6,792,065 | $181M | 0.4% | 2026-Q2 |
| Swiss National Bank trimmed | 6,717,827 | $179M | 0.4% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 6,105,056 | $163M | 0.4% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 6,083,353 | $162M | 0.4% | 2026-Q2 |
| MARSHALL WACE, LLP added | 5,809,501 | $155M | 0.3% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 5,733,448 | $153M | 0.3% | 2026-Q2 |
| Westchester Capital Management, LLC added | 5,715,678 | $152M | 0.3% | 2026-Q2 |
| Nuveen, LLC trimmed | 5,704,372 | $152M | 0.3% | 2026-Q2 |
| Hudson Bay Capital Management LP added | 5,589,805 | $149M | 0.3% | 2026-Q2 |
| SONA ASSET MANAGEMENT (US) LLC trimmed | 5,495,158 | $147M | 0.3% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 5,477,741 | $146M | 0.3% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 5,340,036 | $142M | 0.3% | 2026-Q2 |
| AQR Arbitrage LLC added | 5,293,977 | $141M | 0.3% | 2026-Q2 |
| CITIGROUP INC added | 5,151,615 | $137M | 0.3% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 4,805,334 | $128M | 0.3% | 2026-Q2 |
| HARRIS ASSOCIATES L P trimmed | 4,803,194 | $128M | 0.3% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 4,776,416 | $127M | 0.3% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 4,623,088 | $123M | 0.3% | 2026-Q2 |
| Melqart Asset Management (UK) Ltd added | 4,583,750 | $122M | 0.3% | 2026-Q2 |
| Man Group plc added | 4,575,751 | $122M | 0.3% | 2026-Q2 |
| Fort Baker Capital Management LP added | 4,444,353 | $118M | 0.3% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 4,438,968 | $122M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 4,415,649 | $118M | 0.3% | 2026-Q2 |
| Squarepoint Ops LLC added | 4,401,898 | $117M | 0.3% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 4,315,323 | $115M | 0.3% | 2026-Q2 |
| BANK OF NOVA SCOTIA trimmed | 4,220,452 | $113M | 0.2% | 2026-Q2 |
| Kryger Capital LLC added | 4,170,929 | $111M | 0.2% | 2026-Q2 |
| California Public Employees Retirement System added | 4,169,205 | $111M | 0.2% | 2026-Q2 |
| CIBC Bancorp USA Inc. added | 4,147,716 | $111M | 0.2% | 2026-Q2 |
| Laurion Capital Management LP added | 3,935,000 | $105M | 0.2% | 2026-Q2 |
| READYSTATE ASSET MANAGEMENT LP added | 3,851,600 | $103M | 0.2% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 3,622,715 | $97M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 3,600,169 | $96M | 0.2% | 2026-Q2 |
| CAPSTONE INVESTMENT ADVISORS, LLC trimmed | 3,405,000 | $91M | 0.2% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 3,378,613 | $90M | 0.2% | 2026-Q2 |
| Capula Management Ltd added | 3,137,200 | $84M | 0.2% | 2026-Q2 |
| CIBC WORLD MARKET INC. added | 2,882,548 | $77M | 0.2% | 2026-Q2 |
| ProShare Advisors LLC trimmed | 2,811,549 | $75M | 0.2% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 2,781,268 | $74M | 0.2% | 2026-Q2 |
| Magnetar Financial LLC trimmed | 2,747,884 | $73M | 0.2% | 2026-Q2 |
| BOUSSARD & GAVAUDAN GESTION SAS new | 2,652,642 | $71M | 0.2% | 2026-Q2 |
| TIG Advisors, LLC trimmed | 2,500,148 | $67M | 0.1% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 2,402,291 | $64M | 0.1% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 2,387,140 | $64M | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 2,356,207 | $63M | 0.1% | 2026-Q2 |
| FIL Ltd trimmed | 2,335,833 | $62M | 0.1% | 2026-Q2 |
| ExodusPoint Capital Management, LP added | 2,305,423 | $61M | 0.1% | 2026-Q2 |
| PSquared Asset Management AG added | 2,274,997 | $61M | 0.1% | 2026-Q2 |
| DME Capital Management, LP added | 2,246,180 | $60M | 0.1% | 2026-Q2 |
| DENDUR CAPITAL LP added | 2,230,000 | $59M | 0.1% | 2026-Q2 |
| XN LP | 2,138,141 | $57M | 0.1% | 2026-Q2 |
| CANYON CAPITAL ADVISORS LLC added | 2,100,000 | $56M | 0.1% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 2,098,593 | $56M | 0.1% | 2026-Q2 |
| GABELLI FUNDS LLC trimmed | 2,073,984 | $55M | 0.1% | 2026-Q2 |
| AVIVA PLC added | 2,060,836 | $55M | 0.1% | 2026-Q2 |
| Birnam Oak Advisors, LP added | 2,046,728 | $55M | 0.1% | 2026-Q2 |
| NOMURA HOLDINGS INC trimmed | 2,007,520 | $54M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.