Vault-13

WARNER BROS DISCOVERY INC WBD

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

1,275 institutional holders -41 vs Q4 2022
1,404,584,7431.4bn shares reported held*
$21.2bnreported value*
114 new 366 added 586 reduced 146 sold out net bought ≈ $126.0m (+8.8m 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 ($70.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $15.12. Options: 50 managers hold calls ($602.7m notional), 45 hold puts ($422.0m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,394Q4 22: 1,316Q1 23: 1,2751,275Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 20221,394
Q4 20221,316
Q1 20231,275

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1k01kQ4 22: 415 bought or addedQ4 22: 911 cut or sold outQ4 22Q1 23: 480 bought or addedQ1 23: 732 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022415911
Q1 2023480732

Calls vs puts

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

CallsPuts
$0$200m$400m$600m$800mQ3 22 calls: $505.8mQ3 22 puts: $471.3mQ3 22P/C 0.93Q4 22 calls: $475.3mQ4 22 puts: $380.1mQ4 22P/C 0.80Q1 23 calls: $602.7mQ1 23 puts: $422.0mQ1 23P/C 0.70
Numbers
QuarterCallsPutsP/C
Q3 2022$505.8m$471.3m0.93
Q4 2022$475.3m$380.1m0.80
Q1 2023$602.7m$422.0m0.70

Biggest buyers

FMR LLC Added +18,866,865+18.9m
Capital Research Global Investors New +11,293,035+11.3m
Orbis Allan Gray Ltd New +9,761,585+9.8m
BANK OF AMERICA CORP /DE/ Added +7,857,702+7.9m
MILLENNIUM MANAGEMENT LLC New +6,417,147+6.4m
Contour Asset Management LLC New +4,371,738+4.4m
FRONTIER CAPITAL MANAGEMENT CO LLC New +3,403,262+3.4m
AMERIPRISE FINANCIAL INC Added +3,179,941+3.2m
GOLDMAN SACHS GROUP INC Added +2,961,330+3.0m
JPMORGAN CHASE & CO Added +2,431,698+2.4m

Biggest sellers

Newport Trust Company, LLC Reduced -10,471,441-10.5m
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Reduced -9,448,845-9.4m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -6,048,433-6.0m
BAUPOST GROUP LLC/MA Reduced -5,764,906-5.8m
STATE OF MICHIGAN RETIREMENT SYSTEM Reduced -5,001,381-5.0m
JANE STREET GROUP, LLC Reduced -4,270,060-4.3m
FIL Ltd Sold out -3,658,171-3.7m
NORDEA INVESTMENT MANAGEMENT AB Reduced -3,007,227-3.0m
Segantii Capital Management Ltd Reduced -2,750,000-2.8m
NORGES BANK Reduced -2,272,306-2.3m

Biggest calls

CITADEL ADVISORS LLC Added $117.6m7.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $115.9m7.7m shares
GOLDMAN SACHS GROUP INC Reduced $37.8m2.5m shares
CAPITAL FUND MANAGEMENT S.A. Added $35.1m2.3m shares
SIMPLEX TRADING, LLC Added $25.7m1.7m shares
JANE STREET GROUP, LLC Reduced $25.3m1.7m shares
Long Focus Capital Management, LLC Reduced $21.9m1.5m shares
BANK OF AMERICA CORP /DE/ Reduced $17.3m1.1m shares
Pentwater Capital Management LP Added $16.0m1.1m shares
D. E. Shaw & Co., Inc. Added $16.0m1.1m shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $75.8m5.0m shares
CITADEL ADVISORS LLC Reduced $68.1m4.5m shares
SIMPLEX TRADING, LLC Reduced $28.3m1.9m shares
Segantii Capital Management Ltd New $26.4m17.5k shares
Centiva Capital, LP Added $25.6m1.7m shares
BANK OF AMERICA CORP /DE/ Reduced $24.2m1.6m shares
CAPITAL FUND MANAGEMENT S.A. Added $22.9m1.5m shares
Cubist Systematic Strategies, LLC Added $21.6m1.4m shares
GROUP ONE TRADING LLC Reduced $19.6m1.3m shares
WOLVERINE TRADING, LLC Added $11.1m745.7k 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, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.08% of their portfolio Valley Forge, PA 214,629,952214.6m $3.2bn $3.2bn 0.08% Added +1.6m +1,555,330
2 BlackRock Inc. 0.07% of their portfolio New York, NY 163,397,029163.4m $2.5bn $2.5bn 0.07% Reduced -850.1k -850,104
3 STATE STREET CORP 0.09% of their portfolio BOSTON, MA 109,844,866109.8m $1.7bn $1.7bn 0.09% Added +2.4m +2,403,255
4 HARRIS ASSOCIATES L P 1.77% of their portfolio CHICAGO, IL 60,312,66660.3m $910.7m $910.7m 1.77% Reduced -593.4k -593,429
5 GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio BOSTON, MA 48,394,47248.4m $729.2m $729.2m 0.09% Added +621.0k +620,993
6 Newport Trust Company, LLC 1.70% of their portfolio Washington, DC 40,733,57640.7m $615.1m $615.1m 1.70% Reduced -10.5m -10,471,441
7 FMR LLC 0.03% of their portfolio BOSTON, MA 36,614,88436.6m $552.9m $552.9m 0.03% Added +18.9m +18,866,865
8 BAUPOST GROUP LLC/MA 6.52% of their portfolio BOSTON, MA 25,235,09425.2m $381.1m $381.1m 6.52% Reduced -5.8m -5,764,906
9 NORTHERN TRUST CORP 0.07% of their portfolio CHICAGO, IL 22,320,36522.3m $337.0m $337.0m 0.07% Added +600.7k +600,736
10 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.28% of their portfolio Los Angeles, CA 21,895,07821.9m $330.6m $330.6m 1.28% Reduced -9.4m -9,448,845
11 Sessa Capital IM, L.P. 13.57% of their portfolio NEW YORK, NY 21,829,98121.8m $329.6m $329.6m 13.57% Reduced -1.6m -1,620,652
12 Invesco Ltd. 0.08% of their portfolio ATLANTA, GA 19,600,84319.6m $296.0m $296.0m 0.08% Reduced -2.0m -1,995,364
13 NORGES BANK 0.06% of their portfolio OSLO, Q8 18,426,24918.4m $278.2m $278.2m 0.06% Reduced -2.3m -2,272,306
14 MORGAN STANLEY 0.03% of their portfolio NEW YORK, NY 16,998,60517.0m $256.7m $256.7m 0.03% Reduced -1.6m -1,596,867
15 BANK OF AMERICA CORP /DE/ 0.03% of their portfolio CHARLOTTE, NC 16,813,55216.8m $253.9m $253.9m 0.03% Added +7.9m +7,857,702
16 DEUTSCHE BANK AG\ 0.14% of their portfolio FRANKFURT AM MAIN, 2M 16,154,07216.2m $243.9m $243.9m 0.14% Reduced -1.8m -1,753,311
17 Bank of New York Mellon Corp 0.05% of their portfolio NEW YORK, NY 15,727,24115.7m $237.5m $237.5m 0.05% Reduced -447.0k -446,986
18 Legal & General Group Plc 0.08% of their portfolio London, X0 14,127,47114.1m $213.3m $213.3m 0.08% Added +491.1k +491,096
19 DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio AUSTIN, TX 13,982,97114.0m $211.1m $211.1m 0.07% Added +976.2k +976,180
20 Smead Capital Management, Inc. 3.73% of their portfolio Phoenix, AZ 12,407,88212.4m $187.4m $187.4m 3.73% Added +499.9k +499,882
21 CITADEL ADVISORS LLC 0.20% of their portfolio MIAMI, FL 11,843,00111.8m $178.8m $178.8m 0.20% Added +2.2m +2,200,860
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio SAN FRANCISCO, CA 11,781,55611.8m $177.9m $177.9m 0.05% Reduced -513.1k -513,071
23 Capital Research Global Investors 0.05% of their portfolio Los Angeles, CA 11,293,03511.3m $170.5m $170.5m 0.05% New
24 Contrarius Investment Management Ltd 8.72% of their portfolio St. Helier, Y9 10,995,75211.0m $166.0m $166.0m 8.72% Added +1.5m +1,549,414
25 SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 5.05% of their portfolio MEMPHIS, TN 9,893,1049.9m $149.4m $149.4m 5.05% Reduced -2.1m -2,109,843
26 Orbis Allan Gray Ltd 1.16% of their portfolio HamiltoN, D0 9,761,5859.8m $147.4m $147.4m 1.16% New
27 Korea Investment CORP 0.41% of their portfolio SEOUL, M5 9,389,2519.4m $141.8m $141.8m 0.41% Added +494.0k +493,998
28 Swiss National Bank 0.09% of their portfolio ZURICH, V8 9,155,6279.2m $138.2m $138.2m 0.09% Reduced -217.4k -217,400
29 Amundi 0.07% of their portfolio Paris, I0 9,093,3359.1m $134.5m $134.5m 0.07% Added +491.3k +491,317
30 Nuveen Asset Management, LLC 0.05% of their portfolio CHICAGO, IL 9,073,1769.1m $137.0m $137.0m 0.05% Added +361.3k +361,284
31 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.06% of their portfolio NEW YORK, NY 8,653,7348.7m $130.7m $130.7m 0.06% Reduced -1.2m -1,176,451
32 Artisan Partners Limited Partnership 0.22% of their portfolio Milwaukee, WI 8,619,6928.6m $130.2m $130.2m 0.22% Reduced -243.3k -243,337
33 Brahman Capital Corp. 15.62% of their portfolio New York, NY 8,416,5078.4m $127.1m $127.1m 15.62% Reduced -1.0m -1,001,250
34 AMERIPRISE FINANCIAL INC 0.04% of their portfolio MINNEAPOLIS, MN 8,264,5658.3m $124.8m $124.8m 0.04% Added +3.2m +3,179,941
35 YACKTMAN ASSET MANAGEMENT LP 1.19% of their portfolio AUSTIN, TX 7,965,5618.0m $120.3m $120.3m 1.19% Added +50.3k +50,347
36 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 7,508,6667.5m $113.4m $113.4m 0.03% Added +3.0m +2,961,330
37 Clearbridge Investments, LLC 0.11% of their portfolio NEW YORK, NY 7,385,5637.4m $111.5m $111.5m 0.11% Added +208.0k +208,011
38 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 7,085,6797.1m $107.0m $107.0m 0.01% Added +2.4m +2,431,698
39 MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio NEW YORK, NY 6,417,1476.4m $96.9m $96.9m 0.11% New
40 Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio CHIYODA-KU, TOKYO, M0 5,940,5355.9m $89.7m $89.7m 0.07% Reduced -90.8k -90,838
41 Segantii Capital Management Ltd 3.39% of their portfolio HONG KONG, K3 5,000,0005.0m $75.5m $75.5m 3.39% Reduced -2.8m -2,750,000
42 GLENMEDE TRUST CO NA 0.39% of their portfolio PHILADELPHIA, PA 4,606,2924.6m $69.6m $69.6m 0.39% Reduced -1.1m -1,079,120
43 RHUMBLINE ADVISERS 0.09% of their portfolio BOSTON, MA 4,572,1854.6m $69.0m $69.0m 0.09% Added +271.5k +271,503
44 CREDIT SUISSE AG/ 0.07% of their portfolio ZURICH, V8 4,410,7674.4m $66.6m $66.6m 0.07% Reduced -12.2k -12,179
45 Thrivent Financial for Lutherans 0.16% of their portfolio Minneapolis, MN 4,392,5414.4m $66.3m $66.3m 0.16% Added +76.8k +76,827
46 Contour Asset Management LLC 3.79% of their portfolio NEW YORK, NY 4,371,7384.4m $66.0m $66.0m 3.79% New
47 ROYAL BANK OF CANADA 0.02% of their portfolio TORONTO, A6 4,045,4084.0m $61.1m $61.1m 0.02% Added +581.9k +581,938
48 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio WEST SACRAMENTO, CA 3,990,2394.0m $60.3m $60.3m 0.09% Reduced -43.0k -42,979
49 Empower Advisory Group, LLC 0.26% of their portfolio Greenwood Village, CO 3,908,4723.9m $57.9m $57.9m 0.26% First filing
50 California Public Employees Retirement System 0.05% of their portfolio Sacramento, CA 3,830,8273.8m $57.8m $57.8m 0.05% Reduced -2.0m -2,021,414
51 SEIZERT CAPITAL PARTNERS, LLC 3.11% of their portfolio BIRMINGHAM, MI 3,748,2363.7m $56.6m $56.6m 3.11% Added +147.7k +147,728
52 THOMPSON SIEGEL & WALMSLEY LLC 0.90% of their portfolio RICHMOND, VA 3,705,1053.7m $55.9m $55.9m 0.90% Reduced -1.1m -1,148,753
53 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 3,655,0693.7m $55.2m $55.2m 0.02% Reduced -146.2k -146,169
54 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.12% of their portfolio Boston, MA 3,640,9483.6m $55.0m $55.0m 0.12% Reduced -584.9k -584,900
55 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.09% of their portfolio BALA CYNWYD, PA 3,616,4463.6m $54.6m $54.6m 0.09% Reduced -6.0m -6,048,433
56 Clarkston Capital Partners, LLC 1.01% of their portfolio Rochester, MI 3,577,7743.6m $54.0m $54.0m 1.01% Unchanged
57 FRONTIER CAPITAL MANAGEMENT CO LLC 0.53% of their portfolio Boston, MA 3,403,2623.4m $51.4m $51.4m 0.53% New
58 NEW SOUTH CAPITAL MANAGEMENT INC 2.30% of their portfolio MEMPHIS, TN 3,359,7383.4m $50.7m $50.7m 2.30% Added +329.4k +329,389
59 PRIVATE MANAGEMENT GROUP INC 2.28% of their portfolio IRVINE, CA 3,355,6273.4m $50.7m $50.7m 2.28% Reduced -103.3k -103,289
60 National Pension Service 0.09% of their portfolio JEONJU-SI, JEOLLABUK-DO, M5 3,307,0633.3m $49.1m $49.1m 0.09% Reduced -790.5k -790,500
61 BARCLAYS PLC 0.05% of their portfolio LONDON, X0 3,249,2683.2m $49.1m $49.1m 0.05% Reduced -371.0k -370,981
62 HSBC HOLDINGS PLC 0.06% of their portfolio LONDON, X0 3,176,6783.2m $47.9m $47.9m 0.06% Reduced -51.4k -51,369
63 LSV ASSET MANAGEMENT 0.11% of their portfolio CHICAGO, IL 3,117,9753.1m $47.1m $47.1m 0.11% Reduced -593.5k -593,503
64 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 2,952,7423.0m $44.6m $44.6m 0.01% Reduced -1.3m -1,328,271
65 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 2,930,0432.9m $44.2m $44.2m 0.02% Added +112.7k +112,694
66 Capco Asset Management, LLC 11.25% of their portfolio TAMPA, FL 2,849,8422.8m $43.0m $43.0m 11.25% Reduced -57.6k -57,574
67 GAMCO INVESTORS, INC. ET AL 0.46% of their portfolio GREENWICH, CT 2,826,4212.8m $42.7m $42.7m 0.46% Added +891.4k +891,402
68 Bank Julius Baer & Co. Ltd, Zurich 0.26% of their portfolio ZURICH, V8 2,758,4872.8m $41.7m $41.7m 0.26% Reduced -189.3k -189,258
69 PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio DES MOINES, IA 2,734,1912.7m $41.3m $41.3m 0.03% Added +11.8k +11,815
70 NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio NEW YORK, NY 2,649,2562.6m $40.0m $40.0m 0.04% Added +2.4m +2,407,971
71 GMT Capital Corp 1.55% of their portfolio ATLANTA, GA 2,614,2312.6m $39.5m $39.5m 1.55% Reduced -302.6k -302,600
72 BANK OF MONTREAL /CAN/ 0.02% of their portfolio TORONTO, A6 2,610,2332.6m $39.4m $39.4m 0.02% Added +341.5k +341,476
73 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio TALLAHASSEE, FL 2,496,9122.5m $37.7m $37.7m 0.09% Added +9.6k +9,600
74 NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio ALBANY, NY 2,479,2672.5m $37.4m $37.4m 0.05% Reduced -147.3k -147,322
75 ProShare Advisors LLC 0.11% of their portfolio BETHESDA, MD 2,443,6252.4m $36.9m $36.9m 0.11% Added +306.7k +306,664
76 TCW GROUP INC 0.47% of their portfolio LOS ANGELES, CA 2,437,9572.4m $36.8m $36.8m 0.47% Added +347.9k +347,876
77 UBS Group AG 0.02% of their portfolio ZURICH, V8 2,398,8472.4m $36.2m $36.2m 0.02% Reduced -1.3m -1,268,671
78 FACTORY MUTUAL INSURANCE CO 0.56% of their portfolio WALTHAM, MA 2,377,2662.4m $35.9m $35.9m 0.56% Added +509.8k +509,800
79 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 2,305,8972.3m $34.8m $34.8m 0.04% Added +476.5k +476,542
80 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio ALBANY, NY 2,305,0512.3m $34.8m $34.8m 0.08% Added +19.5k +19,535
81 BECK MACK & OLIVER LLC 0.99% of their portfolio NEW YORK, NY 2,271,1672.3m $34.3m $34.3m 0.99% Reduced -6.3k -6,349
82 Balyasny Asset Management L.P. 0.11% of their portfolio Chicago, IL 2,137,3552.1m $32.3m $32.3m 0.11% New
83 Invenomic Capital Management LP 1.78% of their portfolio BOSTON, MA 2,071,6812.1m $31.3m $31.3m 1.78% Reduced -860.4k -860,440
84 CITIGROUP INC 0.04% of their portfolio NEW YORK, NY 2,053,9932.1m $31.0m $31.0m 0.04% Added +70.2k +70,167
85 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 4.48% of their portfolio Miamisburg, OH 2,044,3412.0m $30.9m $30.9m 4.48% Added +569.3k +569,302
86 Mirae Asset Global Investments Co., Ltd. 0.07% of their portfolio SEOUL, M5 2,031,6712.0m $30.7m $30.7m 0.07% Reduced -26.6k -26,600
87 Drexel Morgan & Co. 7.72% of their portfolio RADNOR, PA 2,028,4592.0m $30.6m $30.6m 7.72% Unchanged
88 Coronation Fund Managers Ltd. 0.78% of their portfolio Cape Town, T3 1,947,4611.9m $29.4m $29.4m 0.78% Added +1.9m +1,929,288
89 PRUDENTIAL FINANCIAL INC 0.04% of their portfolio NEWARK, NJ 1,914,6891.9m $27.9m $27.9m 0.04% Added +30.4k +30,404
90 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 1,861,9411.9m $28.1m $28.1m 0.01% Reduced -950.9k -950,935
91 Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio TOKYO, M0 1,860,9361.9m $28.1m $28.1m 0.07% Added +174.2k +174,219
92 Fisher Asset Management, LLC 0.02% of their portfolio PLANO, TX 1,814,3001.8m $27.4m $27.4m 0.02% Reduced -1.8m -1,783,126
93 GABELLI FUNDS LLC 0.20% of their portfolio Rye, NY 1,762,7971.8m $26.6m $26.6m 0.20% Added +336.1k +336,100
94 AVIVA PLC 0.12% of their portfolio LONDON, X0 1,734,5961.7m $26.2m $26.2m 0.12% Reduced -147.4k -147,427
95 CIBC Private Wealth Group LLC 0.04% of their portfolio ATLANTA, GA 1,647,3921.6m $36.6m $36.6m 0.04% Added +849.3k +849,329
96 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 1,606,1591.6m $24.3m $24.3m 0.04% Reduced -4.3m -4,270,060
97 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 1,555,7341.6m $23.5m $23.5m 0.01% Reduced -18.5k -18,508
98 Russell Investments Group, Ltd. 0.04% of their portfolio Seattle, WA 1,519,7591.5m $22.9m $22.9m 0.04% Added +26.6k +26,553
99 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 1,497,0751.5m $22.6m $22.6m 0.02% Reduced -135.9k -135,868
100 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 1,493,0941.5m $22.5m $22.5m 0.03% Reduced -8.0k -8,012