SPHERE ENTERTAINMENT CO SPHR
CL A · Common Stock · CUSIP 55826T102
American holding company in New York City
- SectorConsumer discretionary
- IndustryServices-Amusement & Recreation Services
- HeadquartersNew York, NY
- Websitesphereentertainmentco.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($31.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $172.98. Options: 13 managers hold calls ($156.4m notional), 12 hold puts ($88.4m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 192 |
| Q4 2022 | 186 |
| Q1 2023 | 190 |
| Q2 2023 | 179 |
| Q3 2023 | 197 |
| Q4 2023 | 202 |
| Q1 2024 | 210 |
| Q2 2024 | 211 |
| Q3 2024 | 215 |
| Q4 2024 | 227 |
| Q1 2025 | 214 |
| Q2 2025 | 225 |
| Q3 2025 | 260 |
| Q4 2025 | 318 |
| Q1 2026 | 379 |
| Q2 2026 | 417 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 100 | 102 |
| Q4 2024 | 101 | 92 |
| Q1 2025 | 89 | 98 |
| Q2 2025 | 120 | 84 |
| Q3 2025 | 128 | 107 |
| Q4 2025 | 170 | 118 |
| Q1 2026 | 204 | 145 |
| Q2 2026 | 220 | 190 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $124.7m | $100.6m | 0.81 |
| Q4 2025 | $194.6m | $85.0m | 0.44 |
| Q1 2026 | $101.2m | $95.0m | 0.94 |
| Q2 2026 | $156.4m | $88.4m | 0.57 |
Biggest buyers
| SANDS CAPITAL MANAGEMENT, LLC | New | +1.4m |
| Assenagon Asset Management S.A. | New | +813.8k |
| FMR LLC | Added | +622.4k |
| Castle Hook Partners LP | New | +522.0k |
| AMERIPRISE FINANCIAL INC | Added | +482.7k |
| MORGAN STANLEY | Added | +427.8k |
| JENNISON ASSOCIATES LLC | New | +361.4k |
| Contour Asset Management LLC | New | +354.5k |
| Artemis Investment Management LLP | New | +204.6k |
| BlackRock, Inc. | Added | +172.1k |
Biggest sellers
| ARIEL INVESTMENTS, LLC | Reduced | -797.0k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -602.0k |
| CITADEL ADVISORS LLC | Sold out | -387.1k |
| Luxor Capital Group, LP | Sold out | -305.0k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -304.0k |
| Balyasny Asset Management L.P. | Reduced | -162.0k |
| STEADFAST CAPITAL MANAGEMENT LP | Reduced | -161.0k |
| UBS Group AG | Reduced | -146.7k |
| Nearwater Capital Markets, Ltd | Reduced | -145.8k |
| Trexquant Investment LP | Reduced | -122.5k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $58.8m340.0k shares |
| JANE STREET GROUP, LLC | Added | $40.5m234.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $26.9m155.5k shares |
| IMC-Chicago, LLC | Reduced | $12.9m74.8k shares |
| D. E. Shaw & Co., Inc. | Reduced | $5.7m32.9k shares |
| GROUP ONE TRADING LLC | Reduced | $4.7m27.1k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $2.3m13.4k shares |
| Walleye Capital LLC | Added | $1.5m8.5k shares |
| SIMPLEX TRADING, LLC | Added | $778.6k4.5k shares |
| HRT FINANCIAL LP | Reduced | $761.0k4.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $40.0m230.9k shares |
| CITADEL ADVISORS LLC | Reduced | $21.8m126.0k shares |
| IMC-Chicago, LLC | Reduced | $7.0m40.4k shares |
| SIMPLEX TRADING, LLC | Added | $4.7m27.1k shares |
| JANE STREET GROUP, LLC | Reduced | $3.8m22.2k shares |
| D. E. Shaw & Co., Inc. | Reduced | $3.2m18.4k shares |
| GROUP ONE TRADING LLC | Reduced | $2.8m16.3k shares |
| Caption Management, LLC | New | $2.4m14.0k shares |
| Walleye Capital LLC | Added | $1.2m6.9k shares |
| TWO SIGMA INVESTMENTS, LP | Added | $1.0m5.8k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| DOLAN JAMES LAWRENCE 13D · may seek influence +1.5 pts · filed 2026-10-22 | 14.5% |
| BlackRock, Inc. 13G · institution new · filed 2026-04-07 | 13.5% |
DOLAN CHARLES F
13D · may seek influence
filed 2024-12-31
Stated purposeThe disclosure in Item 4 is hereby amended by adding the following at the end thereof: Charles F. Dolan passed away on December 28, 2024. As a result, as described in Exhibit A to Amendment No. 3, each child of Charles F. Dolan has the power to appoint additional or successor Trustees, including himself or herself, and to remove Trustees with respect to the 2009 Family Trust for his or her benefit. Accordingly, James L. Dolan, Thomas C. Dolan, Kathleen M. Dolan, Marianne Dolan Weber and Deborah A. Dolan-Sweeney may each be deemed to beneficially own the shares owned of record by the 2009 Family Trust for his or her benefit (as reflected in Items 7 through 13 of each such person's cover page to this Amendment No. 4). Each of them disclaims beneficial ownership of the shares of Class A Comm… Full filing |
12.3% |
| MORGAN STANLEY 13G · institution +1.3 pts · filed 2026-08-12 | 8.3% |
| ARIEL INVESTMENTS, LLC 13G · institution -2.8 pts · filed 2026-08-14 | 5.8% |
| BARCLAYS PLC 13G · institution new · filed 2025-05-13 | 5.8% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.4% |
Fell to 5% or below in the last year: GAMCO INVESTORS, INC. ET AL (1.9%, 2026-08-14), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), BANK OF NOVA SCOTIA (3.1%, 2026-01-27), Point72 Asset Management, L.P. (0.8%, 2025-11-14)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 4.1m $706.0m | Added +172.1k |
| Jericho Capital Asset Management L.P. 3.73% of their portfolio | 2.6m $450.8m | Unchanged |
| MORGAN STANLEY 0.02% of their portfolio | 2.5m $428.2m | Added +427.8k |
| ARIEL INVESTMENTS, LLC 2.87% of their portfolio | 1.7m $288.2m | Reduced -797.0k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 1.5m $262.2m | Reduced -26.6k |
| SANDS CAPITAL MANAGEMENT, LLC 0.87% of their portfolio | 1.4m $235.0m | New |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.2m $205.0m | Reduced -16.1k |
| STATE STREET CORP 0.01% of their portfolio | 1.1m $187.2m | Added +58.3k |
| FMR LLC 0.01% of their portfolio | 969.0k $167.7m | Added +622.4k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 904.0k $156.4m | Added +482.7k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 891.8k $154.3m | Reduced -5.8k |
| Assenagon Asset Management S.A. 0.09% of their portfolio | 813.8k $140.8m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 785.0k $135.9m | Added +54.7k |
| GAMCO INVESTORS, INC. ET AL 1.19% of their portfolio | 765.9k $132.5m | Reduced -28.8k |
| GILDER GAGNON HOWE & CO LLC 1.00% of their portfolio | 557.7k $96.5m | Reduced -3.7k |
| STEADFAST CAPITAL MANAGEMENT LP 2.92% of their portfolio | 550.7k $95.3m | Reduced -161.0k |
| Castle Hook Partners LP 0.97% of their portfolio | 522.0k $90.3m | New |
| GABELLI FUNDS LLC 0.56% of their portfolio | 507.0k $87.7m | Reduced -15.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.12% of their portfolio | 479.2k $82.9m | Reduced -44.8k |
| T. Rowe Price Investment Management, Inc. 0.05% of their portfolio | 462.8k $80.1m | Added +18.0k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 426.1k $73.7m | Added +77.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 377.9k $65.4m | Added +30.7k |
| UBS Group AG 0.01% of their portfolio | 372.2k $64.4m | Reduced -146.7k |
| JENNISON ASSOCIATES LLC 0.04% of their portfolio | 361.4k $62.5m | New |
| Contour Asset Management LLC 1.45% of their portfolio | 354.5k $61.3m | New |
| NORTHERN TRUST CORP 0.01% of their portfolio | 336.0k $58.1m | Added +18.4k |
| Invesco Ltd. 0.00% of their portfolio | 324.4k $56.1m | Added +150.1k |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 1.00% of their portfolio | 289.7k $50.1m | Reduced -7.7k |
| LORD, ABBETT & CO. LLC 0.13% of their portfolio | 272.5k $47.1m | Added +66.8k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 264.7k $45.8m | Added +30.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 255.9k $44.3m | Reduced -304.0k |
| NORGES BANK 0.00% of their portfolio | 249.4k $43.1m | Not comparable |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 246.5k $42.7m | Added +6.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.15% of their portfolio | 243.9k $42.2m | Reduced -18.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 243.3k $42.1m | Reduced -96.4k |
| Nearwater Capital Markets, Ltd 0.68% of their portfolio | 229.2k $39.7m | Reduced -145.8k |
| FEDERATED HERMES, INC. 0.06% of their portfolio | 226.3k $39.2m | Added +7.3k |
| Islander Capital Partners, L.P. 13.81% of their portfolio | 220.0k $38.1m | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio | 213.7k $37.0m | Reduced -114.6k |
| Artemis Investment Management LLP 0.32% of their portfolio | 204.6k $35.4m | New |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 190.2k $32.9m | Added +148.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 188.4k $32.7m | Reduced -27.5k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.57% of their portfolio | 186.7k $32.3m | Reduced -68.5k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 178.8k $30.9m | Reduced -51.2k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 178.0k $30.8m | Added +5.7k |
| O'Keefe Stevens Advisory, Inc. 6.00% of their portfolio | 169.0k $29.2m | Added +288 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 162.0k $28.0m | Added +19.9k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 161.6k $28.0m | Added +140.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 158.8k $27.5m | Added +12.0k |
| CARRONADE CAPITAL MANAGEMENT, LP 0.47% of their portfolio | 157.3k $27.2m | Added +111.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 151.7k $26.3m | Added +11.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 130.0k $22.5m | Added +587 |
| Baird Financial Group, Inc. 0.03% of their portfolio | 126.8k $21.9m | Reduced -3.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 118.2k $20.4m | Reduced -962 |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 117.1k $20.3m | Added +106.7k |
| Public Sector Pension Investment Board 0.05% of their portfolio | 114.8k $19.9m | Reduced -31.0k |
| Nicholas Investment Partners, LP 1.11% of their portfolio | 114.4k $19.8m | Added +5.6k |
| Empowered Funds, LLC 0.10% of their portfolio | 114.2k $19.8m | Reduced -37.0k |
| PINNACLE ASSOCIATES LTD 0.22% of their portfolio | 114.0k $19.7m | Reduced -2.8k |
| MANE GLOBAL CAPITAL MANAGEMENT LP 1.61% of their portfolio | 112.5k $19.5m | Reduced -60.4k |
| Nuveen, LLC 0.00% of their portfolio | 106.3k $18.4m | Reduced -40.9k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 103.5k $17.9m | Reduced -602.0k |
| CITIGROUP INC 0.01% of their portfolio | 101.9k $17.6m | Added +6.5k |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC 0.07% of their portfolio | 99.3k $17.2m | Reduced -47.3k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 97.5k $16.9m | Reduced -162.0k |
| BESSEMER GROUP INC 0.02% of their portfolio | 95.5k $16.5m | New |
| ALGERT GLOBAL LLC 0.18% of their portfolio | 88.3k $15.3m | Added +20.9k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 86.8k $15.0m | Added +48.1k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 85.6k $14.8m | Added +6.5k |
| Washington Trust Advisors, Inc. 1.00% of their portfolio | 77.8k $13.5m | Reduced -12.7k |
| FRED ALGER MANAGEMENT, LLC 0.04% of their portfolio | 74.6k $12.9m | Reduced -33.7k |
| AXIOM INVESTORS LLC /DE 0.11% of their portfolio | 74.1k $12.8m | New |
| Shannon River Fund Management LLC 1.14% of their portfolio | 73.9k $12.8m | Added +533 |
| North Star Investment Management Corp. 0.69% of their portfolio | 73.0k $12.6m | Reduced -4.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 69.8k $12.1m | Reduced -7.2k |
| Longaeva Partners L.P. 0.34% of their portfolio | 67.1k $11.6m | New |
| Holocene Advisors, LP 0.03% of their portfolio | 64.2k $11.1m | Reduced -36.0k |
| Legal & General Group Plc 0.00% of their portfolio | 60.8k $10.5m | Added +230 |
| Informed Momentum Co LLC 0.93% of their portfolio | 60.0k $10.4m | Reduced -946 |
| OMERS ADMINISTRATION Corp 0.06% of their portfolio | 58.0k $10.0m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 56.5k $9.8m | Reduced -55.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 56.4k $9.8m | Reduced -7.7k |
| Metavasi Capital LP 3.56% of their portfolio | 53.0k $9.2m | Reduced -45.1k |
| Swiss National Bank 0.00% of their portfolio | 51.8k $9.0m | Added +1.1k |
| PINNBROOK CAPITAL MANAGEMENT LP 1.47% of their portfolio | 51.2k $8.9m | Added +8.4k |
| BARCLAYS PLC 0.00% of their portfolio | 50.8k $8.8m | Reduced -2.7k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 50.2k $8.7m | Added +48.1k |
| PDT Partners, LLC 0.43% of their portfolio | 47.5k $8.2m | Reduced -63.2k |
| 1832 Asset Management L.P. 0.01% of their portfolio | 47.0k $8.1m | Added +7.7k |
| Convergence Investment Partners, LLC 0.76% of their portfolio | 46.1k $8.0m | Added +13.2k |
| MORGENS WATERFALL VINTIADIS & CO INC 6.07% of their portfolio | 46.0k $8.0m | Added +10.0k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 45.3k $7.8m | Added +28.8k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.09% of their portfolio | 44.7k $7.7m | Reduced -1.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 43.9k $7.6m | Added +4.1k |
| Squarepoint Ops LLC 0.01% of their portfolio | 39.5k $6.8m | Reduced -93.9k |
| PEAK6 LLC 0.16% of their portfolio | 39.2k $6.8m | Reduced -2.4k |
| POLEN CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 38.5k $6.7m | Reduced -9.8k |
| Quantinno Capital Management LP 0.01% of their portfolio | 38.1k $6.6m | Added +1.3k |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 37.5k $6.5m | Added +79 |
| Shellback Capital, LP 0.53% of their portfolio | 35.0k $6.1m | Reduced -5.0k |