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 ($16.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $35.05. Options: 16 managers hold calls ($94.4m notional), 13 hold puts ($49.2m).
Trends to Q2 2024
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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 71 | 95 |
| Q1 2023 | 90 | 92 |
| Q2 2023 | 96 | 90 |
| Q3 2023 | 96 | 87 |
| Q4 2023 | 97 | 87 |
| Q1 2024 | 105 | 94 |
| Q2 2024 | 109 | 91 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $95.4m | $59.7m | 0.63 |
| Q4 2023 | $46.9m | $86.2m | 1.84 |
| Q1 2024 | $111.9m | $82.2m | 0.73 |
| Q2 2024 | $94.4m | $49.2m | 0.52 |
Biggest buyers
| Point72 Asset Management, L.P. | New | +1.1m |
| AMERIPRISE FINANCIAL INC | New | +469.8k |
| ARIEL INVESTMENTS, LLC | Added | +419.6k |
| Walleye Capital LLC | Added | +360.0k |
| MILLENNIUM MANAGEMENT LLC | Added | +261.9k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +190.6k |
| GOLDMAN SACHS GROUP INC | Added | +187.4k |
| ExodusPoint Capital Management, LP | New | +171.0k |
| WELLS FARGO & COMPANY/MN | Added | +168.5k |
| Balyasny Asset Management L.P. | Added | +156.3k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.3m |
| MORGAN STANLEY | Reduced | -588.4k |
| MANE GLOBAL CAPITAL MANAGEMENT LP | Sold out | -405.4k |
| Duquesne Family Office LLC | Reduced | -214.4k |
| Bornite Capital Management LP | Sold out | -200.0k |
| FMR LLC | Reduced | -168.6k |
| Empowered Funds, LLC | Reduced | -138.9k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -137.8k |
| JPMORGAN CHASE & CO | Reduced | -136.0k |
| Northern Right Capital Management, L.P. | Sold out | -128.3k |
Biggest calls
| Point72 Asset Management, L.P. | New | $21.9m625.3k shares |
| MAPLELANE CAPITAL, LLC | Added | $21.0m600.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.7m277.0k shares |
| GROUP ONE TRADING LLC | Added | $9.6m274.0k shares |
| CITADEL ADVISORS LLC | Added | $6.3m179.8k shares |
| BARCLAYS PLC | New | $5.7m163.2k shares |
| JANE STREET GROUP, LLC | Reduced | $5.5m158.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.1m118.1k shares |
| Walleye Capital LLC | Added | $2.2m61.6k shares |
| D. E. Shaw & Co., Inc. | Reduced | $2.1m61.2k shares |
Biggest puts
| GROUP ONE TRADING LLC | Added | $17.9m511.8k shares |
| TWO SIGMA INVESTMENTS, LP | Added | $9.3m266.4k shares |
| CITADEL ADVISORS LLC | Reduced | $5.0m143.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.9m110.2k shares |
| DLD Asset Management, LP | Added | $3.5m100.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.8m80.0k shares |
| IMC-Chicago, LLC | Added | $2.2m61.9k shares |
| Walleye Capital LLC | Added | $1.3m38.4k shares |
| JANE STREET GROUP, LLC | Added | $1.1m30.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $894.0k25.5k 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 in Q2 2024
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 1 | $29.5k | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $54.4k | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 1 | $10.7m | 2 | $815.5k | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| ARIEL INVESTMENTS, LLC 2.10% of their portfolio | 5.5m $194.2m | Added +419.6k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.8m $97.1m | Reduced -38.9k |
| Jericho Capital Asset Management L.P. 2.68% of their portfolio | 2.5m $89.2m | Unchanged |
| BlackRock Inc. 0.00% of their portfolio | 2.0m $69.2m | Added +21.6k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.5m $52.4m | Reduced -137.8k |
| Balyasny Asset Management L.P. 0.11% of their portfolio | 1.2m $41.3m | Added +156.3k |
| Point72 Asset Management, L.P. 0.12% of their portfolio | 1.1m $38.6m | New |
| Walleye Capital LLC 0.38% of their portfolio | 1.0m $36.3m | Added +360.0k |
| GAMCO INVESTORS, INC. ET AL 0.36% of their portfolio | 943.3k $33.1m | Reduced -17.3k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 706.2k $24.8m | Added +124.3k |
| GABELLI FUNDS LLC 0.18% of their portfolio | 660.8k $23.2m | Reduced -13.0k |
| STATE STREET CORP 0.00% of their portfolio | 622.3k $21.8m | Added +27.0k |
| PRIMECAP MANAGEMENT CO/CA/ 0.02% of their portfolio | 619.8k $21.7m | Reduced -3.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 605.6k $21.2m | Added +21.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 582.9k $20.4m | Added +110.5k |
| MORGAN STANLEY 0.00% of their portfolio | 562.8k $19.7m | Reduced -588.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 469.8k $16.5m | New |
| FMR LLC 0.00% of their portfolio | 417.2k $14.6m | Reduced -168.6k |
| Slate Path Capital LP 0.29% of their portfolio | 411.2k $14.4m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 363.5k $12.7m | Added +187.4k |
| Alberta Investment Management Corp 0.13% of their portfolio | 360.4k $12.6m | Unchanged |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.38% of their portfolio | 360.3k $12.6m | Reduced -7.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 344.9k $12.1m | Added +263 |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 335.2k $11.8m | Added +261.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 332.4k $11.7m | Added +190.6k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.27% of their portfolio | 332.3k $11.7m | Added +11.7k |
| MAPLELANE CAPITAL, LLC 0.85% of their portfolio | 323.5k $11.3m | Added +68.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 275.6k $9.7m | Reduced -88.6k |
| Invesco Ltd. 0.00% of their portfolio | 245.1k $8.6m | Reduced -7.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 223.2k $7.8m | Added +168.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 217.6k $7.6m | Added +5.5k |
| BARCLAYS PLC 0.00% of their portfolio | 201.0k $7.0m | Added +6.2k |
| Washington Trust Advisors, Inc. 0.63% of their portfolio | 196.7k $6.9m | Added +14.0k |
| ExodusPoint Capital Management, LP 0.07% of their portfolio | 171.0k $6.0m | New |
| O'Keefe Stevens Advisory, Inc. 2.00% of their portfolio | 171.0k $6.0m | Added +4.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 163.1k $5.7m | Added +5.6k |
| Empowered Funds, LLC 0.10% of their portfolio | 162.3k $5.7m | Reduced -138.9k |
| Carnegie Investment Counsel 0.16% of their portfolio | 149.1k $5.2m | Added +44.1k |
| North Star Investment Management Corp. 0.34% of their portfolio | 130.9k $4.6m | Added +5.3k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 130.8k $4.6m | Added +101.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 125.8k $4.4m | Reduced -136.0k |
| Cubist Systematic Strategies, LLC 0.08% of their portfolio | 124.6k $4.4m | Added +85.1k |
| Duquesne Family Office LLC 0.15% of their portfolio | 122.4k $4.3m | Reduced -214.4k |
| Squarepoint Ops LLC 0.02% of their portfolio | 118.9k $4.2m | Added +47.6k |
| J. Goldman & Co LP 0.15% of their portfolio | 118.3k $4.1m | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 118.2k $4.1m | Reduced -61.5k |
| PINNACLE ASSOCIATES LTD 0.06% of their portfolio | 102.6k $3.6m | Added +24.0k |
| Hudson Bay Capital Management LP 0.02% of their portfolio | 93.2k $3.3m | Reduced -81.8k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 84.2k $3.0m | Reduced -40.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 80.2k $2.8m | Added +67.4k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 70.3k $2.5m | Reduced -114.2k |
| GROUP ONE TRADING LLC 0.07% of their portfolio | 67.4k $2.4m | New |
| Sanctuary Advisors, LLC 0.02% of their portfolio | 66.5k $2.6m | First filing |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 65.3k $2.3m | Reduced -1.3m |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 65.0k $2.3m | Reduced -37.7k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 58.8k $2.1m | Added +13.8k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 58.5k $2.1m | Reduced -52.2k |
| Gotham Asset Management, LLC 0.03% of their portfolio | 57.6k $2.0m | New |
| Jump Financial, LLC 0.04% of their portfolio | 55.6k $1.9m | Added +38.5k |
| Trexquant Investment LP 0.03% of their portfolio | 55.3k $1.9m | Added +8.3k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.03% of their portfolio | 52.6k $1.8m | Added +3.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 52.5k $1.8m | Added +16.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 50.5k $1.8m | Reduced -19.7k |
| Swiss National Bank 0.00% of their portfolio | 50.2k $1.8m | Unchanged |
| AWH Capital, L.P. 1.79% of their portfolio | 49.5k $1.7m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 48.9k $1.7m | Reduced -4.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 48.7k $1.7m | Added +943 |
| Graham Capital Management, L.P. 0.06% of their portfolio | 46.7k $1.6m | Added +30.9k |
| BOYAR ASSET MANAGEMENT INC. 1.08% of their portfolio | 44.7k $1.6m | Reduced -350 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 44.5k $1.6m | Added +13.7k |
| Sender Co & Partners, Inc. 3.49% of their portfolio | 40.7k $1.4m | Added +32.1k |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 39.8k $1.4m | New |
| ZACKS INVESTMENT MANAGEMENT 0.01% of their portfolio | 37.2k $1.3m | Added +2.7k |
| UBS Group AG 0.00% of their portfolio | 33.4k $1.2m | Reduced -69.9k |
| IMC-Chicago, LLC 0.04% of their portfolio | 33.0k $1.2m | New |
| Verition Fund Management LLC 0.01% of their portfolio | 32.5k $1.1m | Added +7.0k |
| HRT FINANCIAL LP 0.01% of their portfolio | 29.3k $1.0m | New |
| Ariadne Wealth Management, LP 0.27% of their portfolio | 28.3k $334.6k | First filing |
| MYDA Advisors LLC 0.30% of their portfolio | 28.0k $981.7k | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 27.8k $973.3k | Unchanged |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 27.7k $970.0k | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 24.9k $873.0k | Reduced -642 |
| Legal & General Group Plc 0.00% of their portfolio | 23.8k $834.1k | Reduced -1.2k |
| Radnor Capital Management, LLC 0.24% of their portfolio | 22.8k $801.0k | Unchanged |
| SHERBROOKE PARK ADVISERS LLC 0.14% of their portfolio | 22.7k $797.4k | New |
| Walleye Trading LLC 0.02% of their portfolio | 22.3k $783.1k | New |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 22.2k $777.2k | Added +3.0k |
| Luxor Capital Group, LP 0.12% of their portfolio | 21.7k $762.2k | Added +1.0k |
| NORGES BANK 0.00% of their portfolio | 20.2k $706.9k | Added +12.2k |
| GSA CAPITAL PARTNERS LLP 0.05% of their portfolio | 20.1k $705.0k | New |
| Symmetry Investments LP 0.09% of their portfolio | 20.0k $701.2k | New |
| LPL Financial LLC 0.00% of their portfolio | 18.7k $657.3k | Reduced -1.8k |
| Checchi Capital Advisers, LLC 0.05% of their portfolio | 17.9k $627.7k | Reduced -7 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 17.9k $627.0k | Added +2.4k |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 16.2k $567.2k | Added +402 |
| MetLife Investment Management, LLC 0.00% of their portfolio | 16.2k $566.5k | Added +2.1k |
| NKCFO LLC 0.31% of their portfolio | 16.0k $561.0k | New |
| SIMPLEX TRADING, LLC 0.02% of their portfolio | 16.0k $560.0k | Reduced -21.9k |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 15.6k $546.9k | New |
| EXCHANGE TRADED CONCEPTS, LLC 0.01% of their portfolio | 14.6k $512.5k | Added +1.6k |