Vault-13

WARNER BROS DISCOVERY INC WBD

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

1,280 institutional holders +5 vs Q1 2023
1,439,059,2901.4bn shares reported held*
$18.1bnreported value*
105 new 389 added 561 reduced 118 sold out net bought ≈ $419.2m (+33.5m 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 ($62.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.57. Options: 52 managers hold calls ($505.5m notional), 45 hold puts ($471.5m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

05001k1.5kQ3 22: 1,394Q4 22: 1,316Q1 23: 1,275Q2 23: 1,2801,280Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 20221,394
Q4 20221,316
Q1 20231,275
Q2 20231,280

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 23Q2 23: 494 bought or addedQ2 23: 679 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022415911
Q1 2023480732
Q2 2023494679

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 0.70Q2 23 calls: $505.5mQ2 23 puts: $471.5mQ2 23P/C 0.93
Numbers
QuarterCallsPutsP/C
Q3 2022$505.8m$471.3m0.93
Q4 2022$475.3m$380.1m0.80
Q1 2023$602.7m$422.0m0.70
Q2 2023$505.5m$471.5m0.93

Biggest buyers

VANGUARD GROUP INC Added +33,465,149+33.5m
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +17,911,476+17.9m
EdgePoint Investment Group Inc. New +15,701,624+15.7m
Boston Partners New +9,949,825+9.9m
STATE STREET CORP Added +8,495,066+8.5m
BARCLAYS PLC Added +7,147,438+7.1m
Simcoe Capital Management, LLC New +4,827,995+4.8m
Invesco Ltd. Added +4,566,882+4.6m
HARRIS ASSOCIATES L P Added +4,048,493+4.0m
FIRST TRUST ADVISORS LP Added +2,764,398+2.8m

Biggest sellers

Newport Trust Company, LLC Reduced -29,666,364-29.7m
FMR LLC Reduced -17,510,401-17.5m
Capital Research Global Investors Sold out -11,293,035-11.3m
CITADEL ADVISORS LLC Reduced -8,912,940-8.9m
BlackRock Inc. Reduced -7,623,264-7.6m
Brahman Capital Corp. Reduced -5,155,853-5.2m
Contour Asset Management LLC Sold out -4,371,738-4.4m
Korea Investment CORP Reduced -3,010,425-3.0m
Segantii Capital Management Ltd Reduced -2,550,000-2.5m
NEUBERGER BERMAN GROUP LLC Reduced -2,359,367-2.4m

Biggest calls

CITADEL ADVISORS LLC Reduced $97.5m7.8m shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $79.4m6.3m shares
CAPITAL FUND MANAGEMENT S.A. Added $38.1m3.0m shares
JANE STREET GROUP, LLC Added $32.2m2.6m shares
SIMPLEX TRADING, LLC Added $26.4m2.1m shares
Long Focus Capital Management, LLC Added $19.4m1.6m shares
NOMURA HOLDINGS INC Added $19.1m1.5m shares
Point72 Asset Management, L.P. New $15.8m1.3m shares
TUDOR INVESTMENT CORP ET AL Added $14.0m1.1m shares
Pentwater Capital Management LP Reduced $12.4m984.9k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $72.2m5.8m shares
CITADEL ADVISORS LLC Reduced $51.2m4.1m shares
BANK OF AMERICA CORP /DE/ Added $43.9m3.5m shares
JANE STREET GROUP, LLC Added $34.8m2.8m shares
NOMURA HOLDINGS INC New $31.2m2.5m shares
SIMPLEX TRADING, LLC Added $28.4m2.3m shares
CAPITAL FUND MANAGEMENT S.A. Added $27.3m2.2m shares
GROUP ONE TRADING LLC Added $20.8m1.7m shares
Twin Tree Management, LP Added $20.5m1.6m shares
Squarepoint Ops LLC Added $16.6m1.3m 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD GROUP INC 0.07% of their portfolio Valley Forge, PA 248,095,101248.1m $3.1bn $3.1bn 0.07% Added +33.5m +33,465,149
2 BlackRock Inc. 0.05% of their portfolio New York, NY 155,773,765155.8m $2.0bn $2.0bn 0.05% Reduced -7.6m -7,623,264
3 STATE STREET CORP 0.08% of their portfolio BOSTON, MA 118,339,932118.3m $1.5bn $1.5bn 0.08% Added +8.5m +8,495,066
4 HARRIS ASSOCIATES L P 1.52% of their portfolio CHICAGO, IL 64,361,15964.4m $807.1m $807.1m 1.52% Added +4.0m +4,048,493
5 GEODE CAPITAL MANAGEMENT, LLC 0.07% of their portfolio BOSTON, MA 48,652,90948.7m $608.5m $608.5m 0.07% Added +258.4k +258,437
6 BAUPOST GROUP LLC/MA 5.64% of their portfolio BOSTON, MA 25,235,09425.2m $316.4m $316.4m 5.64% Unchanged
7 Invesco Ltd. 0.08% of their portfolio ATLANTA, GA 24,167,72524.2m $303.1m $303.1m 0.08% Added +4.6m +4,566,882
8 Sessa Capital IM, L.P. 14.01% of their portfolio NEW YORK, NY 22,456,90022.5m $281.6m $281.6m 14.01% Added +626.9k +626,919
9 HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 1.01% of their portfolio Los Angeles, CA 21,779,64621.8m $273.1m $273.1m 1.01% Reduced -115.4k -115,432
10 NORTHERN TRUST CORP 0.05% of their portfolio CHICAGO, IL 20,349,03320.3m $255.2m $255.2m 0.05% Reduced -2.0m -1,971,332
11 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.14% of their portfolio Toronto, A6 19,467,21019.5m $244.1m $244.1m 0.14% Added +17.9m +17,911,476
12 FMR LLC 0.02% of their portfolio BOSTON, MA 19,104,48319.1m $239.6m $239.6m 0.02% Reduced -17.5m -17,510,401
13 NORGES BANK 0.05% of their portfolio OSLO, Q8 18,595,53518.6m $233.2m $233.2m 0.05% Added +169.3k +169,286
14 MORGAN STANLEY 0.02% of their portfolio NEW YORK, NY 17,855,64817.9m $223.9m $223.9m 0.02% Added +857.0k +857,043
15 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 16,155,80116.2m $202.6m $202.6m 0.02% Reduced -657.8k -657,751
16 EdgePoint Investment Group Inc. 1.77% of their portfolio TORONTO, A6 15,701,62415.7m $196.9m $196.9m 1.77% New
17 DEUTSCHE BANK AG\ 0.10% of their portfolio FRANKFURT AM MAIN, 2M 15,224,47115.2m $190.9m $190.9m 0.10% Reduced -929.6k -929,601
18 Bank of New York Mellon Corp 0.04% of their portfolio NEW YORK, NY 14,767,45514.8m $185.2m $185.2m 0.04% Reduced -959.8k -959,786
19 DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio AUSTIN, TX 14,329,46714.3m $179.7m $179.7m 0.06% Added +346.5k +346,496
20 Legal & General Group Plc 0.06% of their portfolio London, X0 13,839,05913.8m $173.5m $173.5m 0.06% Reduced -288.4k -288,412
21 Contrarius Investment Management Ltd 8.32% of their portfolio St. Helier, Y9 12,337,51012.3m $154.7m $154.7m 8.32% Added +1.3m +1,341,758
22 Smead Capital Management, Inc. 3.04% of their portfolio Phoenix, AZ 12,204,42912.2m $153.0m $153.0m 3.04% Reduced -203.5k -203,453
23 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio SAN FRANCISCO, CA 11,916,68411.9m $149.4m $149.4m 0.04% Added +135.1k +135,128
24 Orbis Allan Gray Ltd 1.02% of their portfolio HamiltoN, D0 11,361,30511.4m $142.5m $142.5m 1.02% Added +1.6m +1,599,720
25 Newport Trust Company, LLC 0.41% of their portfolio Washington, DC 11,067,21211.1m $138.8m $138.8m 0.41% Reduced -29.7m -29,666,364
26 Amundi 0.07% of their portfolio Paris, I0 10,429,51010.4m $135.7m $135.7m 0.07% Added +1.3m +1,336,175
27 BARCLAYS PLC 0.08% of their portfolio LONDON, X0 10,396,70610.4m $130.4m $130.4m 0.08% Added +7.1m +7,147,438
28 Boston Partners 0.17% of their portfolio BOSTON, MA 9,949,8259.9m $125.6m $125.6m 0.17% New
29 SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 4.36% of their portfolio MEMPHIS, TN 9,857,8879.9m $123.6m $123.6m 4.36% Reduced -35.2k -35,217
30 Nuveen Asset Management, LLC 0.04% of their portfolio CHICAGO, IL 9,789,5659.8m $122.8m $122.8m 0.04% Added +716.4k +716,389
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% Unchanged
32 Swiss National Bank 0.07% of their portfolio ZURICH, V8 8,356,7278.4m $104.8m $104.8m 0.07% Reduced -798.9k -798,900
33 Artisan Partners Limited Partnership 0.17% of their portfolio Milwaukee, WI 8,264,9538.3m $103.6m $103.6m 0.17% Reduced -354.7k -354,739
34 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 8,240,6038.2m $103.3m $103.3m 0.01% Added +1.2m +1,154,924
35 MILLENNIUM MANAGEMENT LLC 0.11% of their portfolio NEW YORK, NY 8,153,7798.2m $102.2m $102.2m 0.11% Added +1.7m +1,736,632
36 YACKTMAN ASSET MANAGEMENT LP 0.95% of their portfolio AUSTIN, TX 7,994,7188.0m $100.3m $100.3m 0.95% Added +29.2k +29,157
37 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 7,692,5777.7m $96.5m $96.5m 0.03% Reduced -572.0k -571,988
38 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 7,573,0467.6m $95.0m $95.0m 0.02% Added +64.4k +64,380
39 Clearbridge Investments, LLC 0.08% of their portfolio NEW YORK, NY 7,324,7827.3m $91.9m $91.9m 0.08% Reduced -60.8k -60,781
40 Korea Investment CORP 0.22% of their portfolio SEOUL, M5 6,378,8266.4m $80.0m $80.0m 0.22% Reduced -3.0m -3,010,425
41 FIRST TRUST ADVISORS LP 0.07% of their portfolio Wheaton, IL 5,070,2955.1m $63.6m $63.6m 0.07% Added +2.8m +2,764,398
42 FRONTIER CAPITAL MANAGEMENT CO LLC 0.60% of their portfolio Boston, MA 5,030,4675.0m $63.1m $63.1m 0.60% Added +1.6m +1,627,205
43 Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio CHIYODA-KU, TOKYO, M0 4,920,3194.9m $61.7m $61.7m 0.05% Reduced -1.0m -1,020,216
44 Simcoe Capital Management, LLC 7.72% of their portfolio NEW YORK, NY 4,827,9954.8m $60.5m $60.5m 7.72% New
45 Thrivent Financial for Lutherans 0.14% of their portfolio Minneapolis, MN 4,737,0554.7m $59.4m $59.4m 0.14% Added +344.5k +344,514
46 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.09% of their portfolio BALA CYNWYD, PA 4,655,7414.7m $58.4m $58.4m 0.09% Added +1.0m +1,039,295
47 GLENMEDE TRUST CO NA 0.39% of their portfolio PHILADELPHIA, PA 4,605,1834.6m $69.5m $69.5m 0.39% Reduced -1.1k -1,109
48 WELLS FARGO & COMPANY/MN 0.02% of their portfolio SAN FRANCISCO, CA 4,240,6024.2m $53.2m $53.2m 0.02% Added +585.5k +585,533
49 Empower Advisory Group, LLC 0.23% of their portfolio Greenwood Village, CO 4,209,5014.2m $52.8m $52.8m 0.23% Added +301.0k +301,029
50 RHUMBLINE ADVISERS 0.06% of their portfolio BOSTON, MA 4,161,5624.2m $52.2m $52.2m 0.06% Reduced -410.6k -410,623
51 Coronation Fund Managers Ltd. 1.40% of their portfolio Cape Town, T3 4,133,1934.1m $51.8m $51.8m 1.40% Added +2.2m +2,185,732
52 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 4,059,4414.1m $50.9m $50.9m 0.01% Added +14.0k +14,033
53 California Public Employees Retirement System 0.04% of their portfolio Sacramento, CA 3,975,0824.0m $49.8m $49.8m 0.04% Added +144.3k +144,255
54 SEIZERT CAPITAL PARTNERS, LLC 2.58% of their portfolio BIRMINGHAM, MI 3,836,7813.8m $48.1m $48.1m 2.58% Added +88.5k +88,545
55 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.07% of their portfolio WEST SACRAMENTO, CA 3,728,6323.7m $46.8m $46.8m 0.07% Reduced -261.6k -261,607
56 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.10% of their portfolio Boston, MA 3,636,9483.6m $45.6m $45.6m 0.10% Reduced -4.0k -4,000
57 Clarkston Capital Partners, LLC 0.81% of their portfolio Rochester, MI 3,594,7743.6m $45.1m $45.1m 0.81% Added +17.0k +17,000
58 HSBC HOLDINGS PLC 0.05% of their portfolio LONDON, X0 3,544,2873.5m $44.4m $44.4m 0.05% Added +367.6k +367,609
59 THOMPSON SIEGEL & WALMSLEY LLC 0.68% of their portfolio RICHMOND, VA 3,408,2353.4m $42.7m $42.7m 0.68% Reduced -296.9k -296,870
60 NEW SOUTH CAPITAL MANAGEMENT INC 1.88% of their portfolio MEMPHIS, TN 3,370,5023.4m $42.3m $42.3m 1.88% Added +10.8k +10,764
61 PRIVATE MANAGEMENT GROUP INC 1.79% of their portfolio IRVINE, CA 3,357,5563.4m $42.1m $42.1m 1.79% Added +1.9k +1,929
62 CREDIT SUISSE AG/ 0.04% of their portfolio ZURICH, V8 3,275,1073.3m $41.1m $41.1m 0.04% Reduced -1.1m -1,135,660
63 Brahman Capital Corp. 11.11% of their portfolio New York, NY 3,260,6543.3m $40.9m $40.9m 11.11% Reduced -5.2m -5,155,853
64 TCW GROUP INC 0.45% of their portfolio LOS ANGELES, CA 3,203,4633.2m $40.2m $40.2m 0.45% Added +765.5k +765,506
65 GAMCO INVESTORS, INC. ET AL 0.42% of their portfolio GREENWICH, CT 3,183,1483.2m $39.9m $39.9m 0.42% Added +356.7k +356,727
66 JANE STREET GROUP, LLC 0.05% of their portfolio NEW YORK, NY 3,118,2953.1m $39.1m $39.1m 0.05% Added +1.5m +1,512,136
67 National Pension Service 0.06% of their portfolio JEONJU-SI, JEOLLABUK-DO, M5 3,104,8753.1m $38.6m $38.6m 0.06% Reduced -202.2k -202,188
68 ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio NASHVILLE, TN 2,987,4153.0m $37.5m $37.5m 0.02% Added +57.4k +57,372
69 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 2,952,8793.0m $37.0m $37.0m 0.01% Added +137 +137
70 CITADEL ADVISORS LLC 0.04% of their portfolio MIAMI, FL 2,930,0612.9m $36.7m $36.7m 0.04% Reduced -8.9m -8,912,940
71 Point72 Asset Management, L.P. 0.13% of their portfolio STAMFORD, CT 2,913,6462.9m $36.5m $36.5m 0.13% Added +1.5m +1,482,346
72 CITIGROUP INC 0.05% of their portfolio NEW YORK, NY 2,855,3682.9m $35.8m $35.8m 0.05% Added +801.4k +801,375
73 Capco Asset Management, LLC 9.15% of their portfolio TAMPA, FL 2,835,3132.8m $35.6m $35.6m 9.15% Reduced -14.5k -14,529
74 Bank Julius Baer & Co. Ltd, Zurich 0.21% of their portfolio ZURICH, V8 2,831,4672.8m $35.5m $35.5m 0.21% Added +73.0k +72,980
75 TORONTO DOMINION BANK 0.03% of their portfolio TORONTO, ONTARIO, A6 2,719,4982.7m $34.1m $34.1m 0.03% Added +1.7m +1,657,612
76 PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio DES MOINES, IA 2,562,2232.6m $32.1m $32.1m 0.02% Reduced -172.0k -171,968
77 UBS Group AG 0.01% of their portfolio ZURICH, V8 2,549,1292.5m $32.0m $32.0m 0.01% Added +150.3k +150,282
78 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 2,538,4102.5m $32.5m $32.5m 0.01% Reduced -71.8k -71,823
79 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio TALLAHASSEE, FL 2,478,5552.5m $31.1m $31.1m 0.07% Reduced -18.4k -18,357
80 Segantii Capital Management Ltd 1.81% of their portfolio HONG KONG, K3 2,450,0002.5m $30.7m $30.7m 1.81% Reduced -2.5m -2,550,000
81 FACTORY MUTUAL INSURANCE CO 0.44% of their portfolio WALTHAM, MA 2,377,2662.4m $29.8m $29.8m 0.44% Unchanged
82 BECK MACK & OLIVER LLC 0.76% of their portfolio NEW YORK, NY 2,333,9502.3m $29.3m $29.3m 0.76% Added +62.8k +62,783
83 ProShare Advisors LLC 0.08% of their portfolio BETHESDA, MD 2,318,4102.3m $29.1m $29.1m 0.08% Reduced -125.2k -125,215
84 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio ALBANY, NY 2,270,3212.3m $28.5m $28.5m 0.06% Reduced -34.7k -34,730
85 GABELLI FUNDS LLC 0.21% of their portfolio Rye, NY 2,250,9472.3m $28.2m $28.2m 0.21% Added +488.1k +488,150
86 NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio ALBANY, NY 2,241,4262.2m $28.1m $28.1m 0.04% Reduced -237.8k -237,841
87 Invenomic Capital Management LP 1.54% of their portfolio BOSTON, MA 2,198,3452.2m $27.6m $27.6m 1.54% Added +126.7k +126,664
88 EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC 3.59% of their portfolio Miamisburg, OH 2,074,5312.1m $26.0m $26.0m 3.59% Added +30.2k +30,190
89 Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio TOKYO, M0 2,031,9202.0m $25.5m $25.5m 0.05% Added +171.0k +170,984
90 Drexel Morgan & Co. 6.60% of their portfolio RADNOR, PA 2,028,4592.0m $25.4m $25.4m 6.60% Unchanged
91 Mirae Asset Global Investments Co., Ltd. 0.05% of their portfolio SEOUL, M5 1,960,8022.0m $24.6m $24.6m 0.05% Reduced -70.9k -70,869
92 PRUDENTIAL FINANCIAL INC 0.04% of their portfolio NEWARK, NJ 1,932,2811.9m $24.2m $24.2m 0.04% Added +17.6k +17,592
93 RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio ST PETERSBURG, FL 1,899,2561.9m $23.8m $23.8m 0.02% Added +402.2k +402,181
94 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 1,839,0721.8m $23.1m $23.1m 0.01% Reduced -22.9k -22,869
95 Fisher Asset Management, LLC 0.01% of their portfolio PLANO, TX 1,817,8091.8m $22.8m $22.8m 0.01% Added +3.5k +3,509
96 STRS OHIO 0.10% of their portfolio COLUMBUS, OH 1,803,0001.8m $22.6m $22.6m 0.10% New
97 DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC 1.51% of their portfolio BLOOMFIELD HILLS, MI 1,733,1421.7m $21.7m $21.7m 1.51% Added +624.4k +624,365
98 JUPITER ASSET MANAGEMENT LTD 0.23% of their portfolio London, X0 1,665,9721.7m $20.9m $20.9m 0.23% New
99 GLENVIEW CAPITAL MANAGEMENT, LLC 0.55% of their portfolio NEW YORK, NY 1,624,3001.6m $20.4m $20.4m 0.55% New
100 GROUP ONE TRADING LLC 0.86% of their portfolio CHICAGO, IL 1,592,7601.6m $20.0m $20.0m 0.86% Added +112.2k +112,183