Vault-13

WARNER BROS DISCOVERY INC WBD

COM SER A · Common Stock · CUSIP 934423104 · ISIN US9344231041

1,316 institutional holders -78 vs Q3 2022
1,395,422,4801.4bn shares reported held*
$13.3bnreported value*
112 new 303 added 694 reduced 217 sold out net bought ≈ $348.9m (+37.3m shares)

* 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 ($33.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.50. Options: 49 managers hold calls ($475.3m notional), 37 hold puts ($380.1m).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,394Q4 22: 1,3161,316Q3 22Q4 22
Numbers
QuarterHolders
Q3 20221,394
Q4 20221,316

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200m$400m$600mQ3 22 calls: $505.8mQ3 22 puts: $471.3mQ3 22P/C 0.93Q4 22 calls: $475.3mQ4 22 puts: $380.1mQ4 22P/C 0.80
Numbers
QuarterCallsPutsP/C
Q3 2022$505.8m$471.3m0.93
Q4 2022$475.3m$380.1m0.80

Biggest buyers

VANGUARD GROUP INC Added +36,830,800+36.8m
CITADEL ADVISORS LLC Added +9,425,224+9.4m
Newport Trust Company, LLC Added +6,850,256+6.9m
Invesco Ltd. Added +5,919,562+5.9m
DEUTSCHE BANK AG\ Added +5,570,418+5.6m
HARRIS ASSOCIATES L P Added +5,516,503+5.5m
Korea Investment CORP Added +5,381,367+5.4m
JANE STREET GROUP, LLC Added +4,657,913+4.7m
Clarkston Capital Partners, LLC New +3,577,774+3.6m
Fisher Asset Management, LLC Added +3,319,101+3.3m

Biggest sellers

MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -5,494,749-5.5m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -4,988,708-5.0m
HRT FINANCIAL LP Sold out -4,277,307-4.3m
Thrivent Financial for Lutherans Reduced -4,068,054-4.1m
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -4,018,917-4.0m
DIMENSIONAL FUND ADVISORS LP Reduced -3,713,634-3.7m
GOLDMAN SACHS GROUP INC Reduced -3,574,639-3.6m
BANK OF AMERICA CORP /DE/ Reduced -3,078,463-3.1m
JANUS HENDERSON GROUP PLC Reduced -2,707,090-2.7m
MILLENNIUM MANAGEMENT LLC Sold out -2,473,595-2.5m

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $59.0m6.2m shares
CITADEL ADVISORS LLC Added $57.2m6.0m shares
Honeycomb Asset Management LP New $47.4m5.0m shares
GOLDMAN SACHS GROUP INC Reduced $44.7m4.7m shares
BANK OF AMERICA CORP /DE/ Reduced $29.0m3.1m shares
JANE STREET GROUP, LLC Reduced $21.9m2.3m shares
Long Focus Capital Management, LLC New $20.8m2.2m shares
CAPITAL FUND MANAGEMENT S.A. Added $18.7m2.0m shares
JPMORGAN CHASE & CO Added $18.4m1.9m shares
GROUP ONE TRADING LLC Added $17.5m1.8m shares

Biggest puts

CITADEL ADVISORS LLC Added $95.4m10.1m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $80.8m8.5m shares
BANK OF AMERICA CORP /DE/ Added $51.8m5.5m shares
GROUP ONE TRADING LLC Added $20.8m2.2m shares
SIMPLEX TRADING, LLC Reduced $18.5m2.0m shares
JANE STREET GROUP, LLC Reduced $10.0m1.1m shares
Pentwater Capital Management LP New $9.9m1.0m shares
Centiva Capital, LP New $9.6m1.0m shares
Jefferies Financial Group Inc. New $8.7m922.3k shares
GOLDMAN SACHS GROUP INC Reduced $7.8m825.3k 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.

HolderStakeChangeShares Last filed
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 7.2% new 181.1m≈ $4.8bn 2026-04-30
STATE STREET CORP 13G · institution -1.6 pts · filed 2026-02-09 5.3% -1.6 pts 131.1m≈ $3.5bn 2026-02-09

Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.05% of their portfolio Valley Forge, PA 213,074,622213.1m $2.0bn $2.0bn 0.05% Added +36.8m +36,830,800
2 BlackRock Inc. 0.05% of their portfolio New York, NY 164,247,133164.2m $1.6bn $1.6bn 0.05% Added +2.2m +2,222,992
3 STATE STREET CORP 0.06% of their portfolio BOSTON, MA 107,441,611107.4m $1.0bn $1.0bn 0.06% Added +1.9m +1,944,954
4 HARRIS ASSOCIATES L P 1.18% of their portfolio CHICAGO, IL 60,906,09560.9m $577.4m $577.4m 1.18% Added +5.5m +5,516,503
5 Newport Trust Company, LLC 1.35% of their portfolio Washington, DC 51,205,01751.2m $485.4m $485.4m 1.35% Added +6.9m +6,850,256
6 GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio BOSTON, MA 47,773,47947.8m $452.1m $452.1m 0.06% Added +686.0k +686,036
7 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.14% of their portfolio Los Angeles, CA 31,343,92331.3m $297.1m $297.1m 1.14% Reduced -738.9k -738,863
8 BAUPOST GROUP LLC/MA 4.79% of their portfolio BOSTON, MA 31,000,00031.0m $293.9m $293.9m 4.79% Added +2.0m +2,000,000
9 Sessa Capital IM, L.P. 13.67% of their portfolio NEW YORK, NY 23,450,63323.5m $222.3m $222.3m 13.67% Added +1.2m +1,195,666
10 NORTHERN TRUST CORP 0.04% of their portfolio CHICAGO, IL 21,719,62921.7m $205.9m $205.9m 0.04% Reduced -387.9k -387,886
11 Invesco Ltd. 0.06% of their portfolio ATLANTA, GA 21,596,20721.6m $204.7m $204.7m 0.06% Added +5.9m +5,919,562
12 NORGES BANK 0.05% of their portfolio OSLO, Q8 20,698,55520.7m $196.2m $196.2m 0.05% Added +1.7m +1,740,652
13 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 18,595,47218.6m $176.3m $176.3m 0.02% Added +292.4k +292,422
14 DEUTSCHE BANK AG\ 0.10% of their portfolio FRANKFURT AM MAIN, 2M 17,907,38317.9m $169.8m $169.8m 0.10% Added +5.6m +5,570,418
15 FMR LLC 0.02% of their portfolio BOSTON, MA 17,748,01917.7m $168.3m $168.3m 0.02% Reduced -210.7k -210,699
16 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 16,174,22716.2m $153.3m $153.3m 0.04% Added +230.4k +230,408
17 Legal & General Group Plc 0.05% of their portfolio London, X0 13,636,37513.6m $129.3m $129.3m 0.05% Reduced -941.2k -941,157
18 DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio AUSTIN, TX 13,006,79113.0m $123.3m $123.3m 0.04% Reduced -3.7m -3,713,634
19 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio SAN FRANCISCO, CA 12,294,62712.3m $116.6m $116.6m 0.04% Reduced -324.6k -324,566
20 SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 3.99% of their portfolio MEMPHIS, TN 12,002,94712.0m $113.8m $113.8m 3.99% Reduced -1.7m -1,736,917
21 Smead Capital Management, Inc. 2.41% of their portfolio Phoenix, AZ 11,908,00011.9m $112.9m $112.9m 2.41% Added +2.0m +1,967,589
22 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio NEW YORK, NY 9,830,1859.8m $93.2m $93.2m 0.05% Reduced -470.8k -470,778
23 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.18% of their portfolio BALA CYNWYD, PA 9,664,8799.7m $91.6m $91.6m 0.18% Reduced -5.0m -4,988,708
24 CITADEL ADVISORS LLC 0.11% of their portfolio MIAMI, FL 9,642,1419.6m $91.4m $91.4m 0.11% Added +9.4m +9,425,224
25 Contrarius Investment Management Ltd 5.44% of their portfolio St. Helier, Y9 9,446,3389.4m $89.6m $89.6m 5.44% Reduced -1.4m -1,407,039
26 Brahman Capital Corp. 12.38% of their portfolio New York, NY 9,417,7579.4m $89.3m $89.3m 12.38% Added +143.2k +143,212
27 Swiss National Bank 0.06% of their portfolio ZURICH, V8 9,373,0279.4m $88.9m $88.9m 0.06% Reduced -618.6k -618,552
28 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 8,955,8509.0m $84.9m $84.9m 0.01% Reduced -3.1m -3,078,463
29 Korea Investment CORP 0.26% of their portfolio SEOUL, M5 8,895,2538.9m $84.3m $84.3m 0.26% Added +5.4m +5,381,367
30 Artisan Partners Limited Partnership 0.15% of their portfolio Milwaukee, WI 8,863,0298.9m $84.0m $84.0m 0.15% Reduced -1.1m -1,094,482
31 Nuveen Asset Management, LLC 0.03% of their portfolio CHICAGO, IL 8,711,8928.7m $82.6m $82.6m 0.03% Reduced -339.9k -339,899
32 Amundi 0.06% of their portfolio Paris, I0 8,602,0188.6m $108.4m $108.4m 0.06% Added +549.5k +549,450
33 YACKTMAN ASSET MANAGEMENT LP 0.75% of their portfolio AUSTIN, TX 7,915,2147.9m $75.0m $75.0m 0.75% Added +2.5m +2,494,855
34 Segantii Capital Management Ltd 2.83% of their portfolio HONG KONG, K3 7,750,0007.8m $73.5m $73.5m 2.83% Reduced -1.6m -1,650,000
35 Clearbridge Investments, LLC 0.07% of their portfolio NEW YORK, NY 7,177,5527.2m $68.0m $68.0m 0.07% Reduced -1.2m -1,172,246
36 Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio CHIYODA-KU, TOKYO, M0 6,031,3736.0m $57.2m $57.2m 0.05% Added +130.6k +130,584
37 JANE STREET GROUP, LLC 0.10% of their portfolio NEW YORK, NY 5,876,2195.9m $55.7m $55.7m 0.10% Added +4.7m +4,657,913
38 California Public Employees Retirement System 0.05% of their portfolio Sacramento, CA 5,852,2415.9m $55.5m $55.5m 0.05% Reduced -494.0k -494,017
39 STATE OF MICHIGAN RETIREMENT SYSTEM 0.38% of their portfolio EAST LANSING, MI 5,792,9065.8m $54.9m $54.9m 0.38% Reduced -9.1k -9,100
40 GLENMEDE TRUST CO NA 0.32% of their portfolio PHILADELPHIA, PA 5,685,4125.7m $53.9m $53.9m 0.32% Added +1.1m +1,054,333
41 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 5,084,6245.1m $48.2m $48.2m 0.02% Reduced -1.2m -1,233,231
42 THOMPSON SIEGEL & WALMSLEY LLC 0.74% of their portfolio RICHMOND, VA 4,853,8584.9m $46.0m $46.0m 0.74% Added +2.0m +1,998,362
43 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 4,653,9814.7m $44.1m $44.1m 0.01% Added +702.2k +702,168
44 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 4,547,3364.5m $43.1m $43.1m 0.01% Reduced -3.6m -3,574,639
45 CREDIT SUISSE AG/ 0.05% of their portfolio ZURICH, V8 4,422,9464.4m $41.9m $41.9m 0.05% Added +577.7k +577,711
46 Thrivent Financial for Lutherans 0.11% of their portfolio Minneapolis, MN 4,315,7144.3m $40.9m $40.9m 0.11% Reduced -4.1m -4,068,054
47 RHUMBLINE ADVISERS 0.05% of their portfolio BOSTON, MA 4,300,6824.3m $40.8m $40.8m 0.05% Added +167.7k +167,661
48 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 4,281,0134.3m $40.6m $40.6m 0.01% Added +15.2k +15,226
49 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.10% of their portfolio Boston, MA 4,225,8484.2m $40.1m $40.1m 0.10% Reduced -3.1k -3,100
50 National Pension Service 0.08% of their portfolio JEONJU-SI, JEOLLABUK-DO, M5 4,097,5634.1m $38.8m $38.8m 0.08% Added +291.5k +291,500
51 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio WEST SACRAMENTO, CA 4,033,2184.0m $38.2m $38.2m 0.06% Added +65.5k +65,548
52 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 3,801,2383.8m $36.0m $36.0m 0.01% Reduced -1.3m -1,300,897
53 LSV ASSET MANAGEMENT 0.08% of their portfolio CHICAGO, IL 3,711,4783.7m $35.2m $35.2m 0.08% Reduced -1.4m -1,398,221
54 UBS Group AG 0.02% of their portfolio ZURICH, V8 3,667,5183.7m $34.8m $34.8m 0.02% Added +754.3k +754,300
55 FIL Ltd 0.04% of their portfolio HAMILTON, D0 3,658,1713.7m $34.7m $34.7m 0.04% Added +109 +109
56 BARCLAYS PLC 0.03% of their portfolio LONDON, X0 3,620,2493.6m $34.3m $34.3m 0.03% First filing
57 SEIZERT CAPITAL PARTNERS, LLC 1.81% of their portfolio BIRMINGHAM, MI 3,600,5083.6m $34.1m $34.1m 1.81% Added +45.4k +45,448
58 Fisher Asset Management, LLC 0.02% of their portfolio PLANO, TX 3,597,4263.6m $34.1m $34.1m 0.02% Added +3.3m +3,319,101
59 Clarkston Capital Partners, LLC 0.64% of their portfolio Rochester, MI 3,577,7743.6m $33.9m $33.9m 0.64% New
60 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 3,463,4703.5m $32.8m $32.8m 0.01% Reduced -2.0m -2,009,758
61 PRIVATE MANAGEMENT GROUP INC 1.46% of their portfolio IRVINE, CA 3,458,9163.5m $32.8m $32.8m 1.46% Added +239.5k +239,461
62 HSBC HOLDINGS PLC 0.04% of their portfolio LONDON, X0 3,228,0473.2m $30.5m $30.5m 0.04% Added +1.1m +1,128,661
63 NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio STOCKHOLM, V7 3,158,7923.2m $29.3m $29.3m 0.05% Added +8.8k +8,799
64 PERSONAL CAPITAL ADVISORS CORP 0.14% of their portfolio Redwood City, CA 3,046,7513.0m $28.9m $28.9m 0.14% Added +708.8k +708,847
65 NEW SOUTH CAPITAL MANAGEMENT INC 1.32% of their portfolio MEMPHIS, TN 3,030,3493.0m $28.7m $28.7m 1.32% Reduced -331.0k -330,979
66 Bank Julius Baer & Co. Ltd, Zurich 0.19% of their portfolio ZURICH, V8 2,947,7452.9m $27.9m $27.9m 0.19% Added +656.8k +656,814
67 Invenomic Capital Management LP 2.01% of their portfolio BOSTON, MA 2,932,1212.9m $27.8m $27.8m 2.01% Added +867.6k +867,561
68 GMT Capital Corp 1.28% of their portfolio ATLANTA, GA 2,916,8312.9m $27.7m $27.7m 1.28% Added +1.3m +1,299,600
69 Capco Asset Management, LLC 7.79% of their portfolio TAMPA, FL 2,907,4162.9m $27.6m $27.6m 7.79% Added +320.6k +320,603
70 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 2,817,3492.8m $26.7m $26.7m 0.01% Reduced -555.1k -555,140
71 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 2,812,8762.8m $26.7m $26.7m 0.01% Reduced -5.5m -5,494,749
72 PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio DES MOINES, IA 2,722,3762.7m $25.8m $25.8m 0.02% Reduced -51.9k -51,945
73 NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio ALBANY, NY 2,626,5892.6m $24.9m $24.9m 0.03% Reduced -174.6k -174,552
74 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.06% of their portfolio TALLAHASSEE, FL 2,487,3122.5m $23.6m $23.6m 0.06% Reduced -21.5k -21,520
75 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio ALBANY, NY 2,285,5162.3m $21.7m $21.7m 0.05% Added +131 +131
76 BECK MACK & OLIVER LLC 0.63% of their portfolio NEW YORK, NY 2,277,5162.3m $21.6m $21.6m 0.63% Reduced -73.3k -73,260
77 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 2,268,7572.3m $21.5m $21.5m 0.01% Added +179.4k +179,364
78 D. E. Shaw & Co., Inc. 0.04% of their portfolio New York, NY 2,218,2462.2m $21.0m $21.0m 0.04% Added +1.1m +1,133,294
79 Davidson Kempner Capital Management LP 0.44% of their portfolio New York, NY 2,146,8212.1m $20.4m $20.4m 0.44% Reduced -66.5k -66,525
80 ProShare Advisors LLC 0.07% of their portfolio BETHESDA, MD 2,136,9612.1m $20.3m $20.3m 0.07% Added +1.8m +1,832,035
81 TCW GROUP INC 0.28% of their portfolio LOS ANGELES, CA 2,090,0812.1m $19.8m $19.8m 0.28% Added +395.5k +395,464
82 Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio SEOUL, M5 2,058,2712.1m $19.5m $19.5m 0.05% Added +1.6m +1,598,103
83 EQUITY INVESTMENT CORP 0.65% of their portfolio ATLANTA, GA 2,041,4512.0m $19.4m $19.4m 0.65% Reduced -1.9m -1,937,952
84 GROUP ONE TRADING LLC 0.65% of their portfolio CHICAGO, IL 2,033,7152.0m $19.3m $19.3m 0.65% Added +832.2k +832,241
85 Drexel Morgan & Co. 3.95% of their portfolio RADNOR, PA 2,028,4592.0m $19.2m $19.2m 3.95% Added +500.0k +500,000
86 CITIGROUP INC 0.03% of their portfolio NEW YORK, NY 1,983,8262.0m $18.8m $18.8m 0.03% Reduced -171.5k -171,485
87 GAMCO INVESTORS, INC. ET AL 0.20% of their portfolio GREENWICH, CT 1,935,0191.9m $18.3m $18.3m 0.20% Reduced -77.8k -77,760
88 PRUDENTIAL FINANCIAL INC 0.03% of their portfolio NEWARK, NJ 1,884,2851.9m $17.9m $17.9m 0.03% Reduced -435.9k -435,930
89 AVIVA PLC 0.09% of their portfolio LONDON, X0 1,882,0231.9m $17.8m $17.8m 0.09% Added +338.6k +338,601
90 FACTORY MUTUAL INSURANCE CO 0.27% of their portfolio WALTHAM, MA 1,867,4661.9m $17.7m $17.7m 0.27% Added +429.8k +429,800
91 FIRST TRUST ADVISORS LP 0.02% of their portfolio Wheaton, IL 1,829,3551.8m $17.3m $17.3m 0.02% Added +1.5m +1,466,912
92 IPG Investment Advisors LLC 4.49% of their portfolio SAN DIEGO, CA 1,697,2761.7m $16.1m $16.1m 4.49% Added +949.0k +949,020
93 Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio TOKYO, M0 1,686,7171.7m $16.1m $16.1m 0.04% Added +290.4k +290,375
94 RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio ST PETERSBURG, FL 1,632,9431.6m $15.5m $15.5m 0.01% Reduced -28.4k -28,352
95 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 1,574,2421.6m $14.9m $14.9m 0.01% Reduced -266.9k -266,939
96 BECKER CAPITAL MANAGEMENT INC 0.68% of their portfolio Portland, OR 1,538,0081.5m $14.6m $14.6m 0.68% Added +935.5k +935,532
97 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 1,501,1061.5m $14.2m $14.2m 0.02% Added +432.1k +432,084
98 Russell Investments Group, Ltd. 0.03% of their portfolio Seattle, WA 1,493,2061.5m $14.1m $14.1m 0.03% Added +176.2k +176,200
99 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 2.25% of their portfolio Miamisburg, OH 1,475,0391.5m $14.0m $14.0m 2.25% Reduced -407.2k -407,169
100 KBC Group NV 0.07% of their portfolio Brussels, C9 1,472,3951.5m $14.0m $14.0m 0.07% Reduced -1.0m -1,024,762