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Warner Bros. Discovery, Inc.

WBD
Exchange
Nasdaq
Industry
Cable & Other Pay Television Services
SEC CIK
0001437107

In the last 90 days, Warner Bros. Discovery, Inc. insiders filed 0 open-market purchases and 14 sales; 1,316 institutions reported holding it in 13F filings for Q2 2026, worth $51.9B in total; 5 superinvestors hold it, including Third Point and Harris Associates (Oakmark).

13F holders, Q4 2025

Institutional positions in Warner Bros. Discovery, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
1,318
+187 vs. Q3 2025
Shares held
1.80B
+94.6M (+5.5%) vs. Q3 2025
Total value
$51.9B
+$18.6B (+55.8%) vs. Q3 2025
New holders
317
415 more added
Sold out
130
401 more reduced

24 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting WBD on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 1,318 institutions
Q1 2021: 636 institutionsQ2 2021: 613 institutionsQ3 2021: 587 institutionsQ4 2021: 583 institutionsQ1 2022: 586 institutionsQ2 2022: 1,484 institutionsQ3 2022: 1,395 institutionsQ4 2022: 1,318 institutionsQ1 2023: 1,275 institutionsQ2 2023: 1,280 institutionsQ3 2023: 1,234 institutionsQ4 2023: 1,262 institutionsQ1 2024: 1,217 institutionsQ2 2024: 1,196 institutionsQ3 2024: 1,151 institutionsQ4 2024: 1,205 institutionsQ1 2025: 1,174 institutionsQ2 2025: 1,160 institutionsQ3 2025: 1,155 institutionsQ4 2025: 1,318 institutionsQ1 2026: 1,315 institutionsQ2 2026: 1,316 institutions
Value heldQ4 2025: $51.9B
Q1 2021: $8.98BQ2 2021: $5.24BQ3 2021: $4.33BQ4 2021: $4.36BQ1 2022: $4.81BQ2 2022: $18.3BQ3 2022: $15.7BQ4 2022: $13.3BQ1 2023: $21.0BQ2 2023: $18.1BQ3 2023: $15.8BQ4 2023: $16.6BQ1 2024: $12.9BQ2 2024: $11.0BQ3 2024: $12.3BQ4 2024: $16.9BQ1 2025: $17.9BQ2 2025: $19.9BQ3 2025: $33.4BQ4 2025: $51.9BQ1 2026: $49.8BQ2 2026: $51.9B
Institutions holding WBD and their total value by quarter
QuarterHoldersValue
Q2 20261,316$51.9B
Q1 20261,315$49.8B
Q4 20251,318$51.9B
Q3 20251,155$33.4B
Q2 20251,160$19.9B
Q1 20251,174$17.9B
Q4 20241,205$16.9B
Q3 20241,151$12.3B
Q2 20241,196$11.0B
Q1 20241,217$12.9B
Q4 20231,262$16.6B
Q3 20231,234$15.8B
Q2 20231,280$18.1B
Q1 20231,275$21.0B
Q4 20221,318$13.3B
Q3 20221,395$15.7B
Q2 20221,484$18.3B
Q1 2022586$4.81B
Q4 2021583$4.36B
Q3 2021587$4.33B
Q2 2021613$5.24B
Q1 2021636$8.98B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Warner Bros. Discovery, Inc.; share changes are against Q3 2025.

Institutions holding WBD in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
CIBC Private Wealth Group, LLC92,543$2.67M0.00%−18,598−16.7%Reduced
PFG Investments, LLC92,796$2.67M0.13%+11,972+14.8%Added
Lombard Odier Asset Management (Switzerland) SA94,019$2.71M0.12%−10,090−9.7%Reduced
Oribel Capital Management, LP94,200$2.71M0.26%+94,200New
Kestra Advisory Services, LLC94,921$2.74M0.01%−2,790−2.9%Reduced
Thompson Siegel & Walmsley LLC95,202$2.74M0.05%−282,602−74.8%Reduced
AG2R la Mondiale Gestion D'Actifs95,421$2.75M0.12%−3,710−3.7%Reduced
Clearstead Advisors, LLC95,774$2.76M0.03%+4,360+4.8%Added
Truist Financial Corp95,940$2.76M0.00%−16,084−14.4%Reduced
Fifth Third Bancorp97,090$2.80M0.01%+10,818+12.5%Added
Rockefeller Capital Management L.P.97,274$2.80M0.01%−316,880−76.5%Reduced
Metis Global Partners, LLC98,665$2.84M0.07%−18,332−15.7%Reduced
Baird Financial Group, Inc.101,092$2.91M0.00%−9,285−8.4%Reduced
MUFG Securities EMEA plc101,612$2.93M0.03%+54,224+114.4%Added
E. Ohman J:or Asset Management AB104,140$3.00M0.07%+11,700+12.7%Added
Summit Place Financial Advisors, LLC104,660$3.02M1.46%−5,000−4.6%Reduced
AMG National Trust Bank106,574$3.07M0.07%−3,386−3.1%Reduced
Sherman Porfolios, LLC106,865$3.08M0.21%+82,115+331.8%Added
Credit Agricole S A109,062$3.14M0.01%−525,501−82.8%Reduced
Sender Co & Partners, Inc.109,259$3.15M1.79%−16,801−13.3%Reduced
Three Seasons Wealth, LLC109,473$3.16M0.30%+109,473New
Ameritas Investment Partners, Inc.111,767$3.22M0.10%+6,625+6.3%Added
Summit Financial, LLC112,858$3.25M0.05%+1,498+1.3%Added
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main113,711$3.28M0.00%−165,615−59.3%Reduced
Jones Financial Companies LLLP113,763$3.28M0.00%+2,355+2.1%Added
New Mexico Educational Retirement Board114,032$3.29M0.10%+12,300+12.1%Added
Captrust Financial Advisors114,190$3.29M0.01%+2,516+2.3%Added
Allspring Global Investments Holdings, LLC116,326$3.32M0.01%+4,255+3.8%Added
Mraz, Amerine & Associates, Inc.115,555$3.33M0.49%−121,751−51.3%Reduced
Maryland State Retirement & Pension System116,133$3.35M0.07%00.0%Unchanged
Legend Capital Advisors LLC117,084$3.37M1.88%+117,084New
Mercer Global Advisors Inc135,209$3.39M0.01%+35,945+36.2%Added
Private Advisory Group LLC119,305$3.44M0.27%+119,305New
M&T Bank Corp120,062$3.46M0.01%+33,259+38.3%Added
Lighthouse Investment Partners, LLC120,411$3.47M0.12%+120,411New
Optimize Financial Inc123,696$3.56M1.80%+1,776+1.5%Added
Crossmark Global Holdings, Inc.123,927$3.57M0.05%−57,060−31.5%Reduced
Maven Securities LTD125,000$3.60M0.46%+125,000New
Calamos Advisors LLC125,354$3.61M0.01%+125,354New
Diametric Capital, LP126,629$3.65M0.98%−51,625−29.0%Reduced
South Dakota Investment Council129,548$3.73M0.07%−47,850−27.0%Reduced
West Michigan Advisors, LLC129,742$3.74M0.86%+129,742New
Concurrent Investment Advisors, LLC132,833$3.83M0.04%+111,442+521.0%Added
North Dakota State Investment Board132,940$3.83M0.14%+132,940New
Canada Post Corp Registered Pension Plan133,579$3.85M0.15%+25,580+23.7%Added
Kintayl Capital LP137,480$3.96M2.39%+137,480New
Sterling Capital Management LLC138,336$3.99M0.06%−6,426−4.4%Reduced
First Manhattan Co139,241$4.01M0.01%−462−0.3%Reduced
Groupe la Francaise140,000$4.03M0.06%+139,970+466,566.7%Added
Walleye Capital LLC142,431$4.10M0.02%+57,472+67.6%Added
Hartford Investment Management Co143,213$4.13M0.12%−1,738−1.2%Reduced
Concorde Financial Corp153,154$4.16M3.23%−95,979−38.5%Reduced
Banco BTG Pactual S.A.144,828$4.17M0.74%+144,828New
Kentucky Retirement Systems146,230$4.21M0.11%00.0%Unchanged
Toroso Investments, LLC148,892$4.29M0.02%+82,375+123.8%Added
Osmosis Investment Management UK Ltd149,406$4.31M0.11%+149,406New
Soros Fund Management LLCSuperinvestorSoros Fund Management150,000$4.32M0.06%+150,000New
Mizuho Securities USA LLC180,430$4.33M0.07%+111+0.1%Added
Wealth Enhancement Advisory Services, LLC153,836$4.38M0.01%+7,922+5.4%Added
Avanza Fonder AB154,045$4.44M0.11%−3,922−2.5%Reduced
Schroder Investment Management Group154,241$4.45M0.00%−55,508−26.5%Reduced
Edgestream Partners, L.P.160,170$4.62M0.13%−57,474−26.4%Reduced
Tower Research Capital LLC (TRC)160,948$4.64M0.11%+72,973+82.9%Added
Mark Asset Management LP161,599$4.66M0.52%+161,599New
Advisory Services Network, LLC161,844$4.66M0.07%+117,154+262.1%Added
Sagefield Capital LP162,509$4.68M0.40%+162,509New
Capricorn Fund Managers Ltd163,668$4.72M1.14%+163,668New
Allworth Financial LP167,125$4.82M0.02%−3,089−1.8%Reduced
Ally Financial Inc.168,132$4.85M0.59%00.0%Unchanged
Candriam Luxembourg S.C.A.170,821$4.92M0.02%+8,365+5.1%Added
Headlands Technologies LLC171,875$4.95M0.41%+171,875New
Erste Asset Management GmbH172,946$4.98M0.04%−111,400−39.2%Reduced
Cerity Partners LLC173,001$4.99M0.01%−37,306−17.7%Reduced
Pinkerton Retirement Specialists, LLC174,293$5.02M0.51%+159,269+1,060.1%Added
Teachers Retirement System of the State of Kentucky174,752$5.04M0.04%00.0%Unchanged
US Bancorp175,206$5.05M0.01%−870.0%Reduced
Prudential PLC176,284$5.08M0.04%+96,779+121.7%Added
Keybank National Association176,651$5.09M0.02%+58,153+49.1%Added
Allstate Corp176,870$5.10M0.07%+91,536+107.3%Added
Absolute Gestao de Investimentos Ltda.180,000$5.19M0.54%+180,000New
HighPoint Advisor Group LLC183,853$5.30M0.12%+126,098+218.3%Added
DekaBank Deutsche Girozentrale614,390$5.31M0.01%00.0%Unchanged
Carmignac Gestion185,955$5.36M0.07%+185,955New
RFG Advisory, LLC193,422$5.57M0.10%−83,347−30.1%Reduced
UniSuper Management Pty Ltd196,104$5.65M0.03%−68,147−25.8%Reduced
Jain Global LLC199,095$5.74M0.06%−2,355,640−92.2%Reduced
Beacon Pointe Advisors, LLC209,272$6.03M0.04%+6,374+3.1%Added
Gotham Asset Management, LLC209,496$6.04M0.02%+123,755+144.3%Added
Credit Industriel Et Commercial210,000$6.05M0.88%+140,000+200.0%Added
Sanctuary Advisors, LLC211,115$6.08M0.03%+149,876+244.7%Added
Investment Management Corp of Ontario214,569$6.18M0.08%+104,960+95.8%Added
Hillman Capital Management, Inc.214,600$6.18M3.89%−116,127−35.1%Reduced
DoubleLine ETF Adviser LP214,723$6.19M1.86%−42,630−16.6%Reduced
Rangeley Capital, LLC216,000$6.23M5.36%+216,000New
Stifel Financial Corp216,468$6.24M0.01%+30,631+16.5%Added
Prosperitas Financial LLC217,103$6.26M2.44%−99,296−31.4%Reduced
Pathstone Holdings, LLC219,939$6.34M0.02%+17,401+8.6%Added
Nordea Investment Management AB223,191$6.44M0.01%+7,789+3.6%Added
Vivaldi Capital Management, LLC224,171$6.46M0.88%−16,760−7.0%Reduced
Clifford Capital Partners LLC225,305$6.49M1.10%−799,977−78.0%Reduced