Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in WBD held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 198.1M | $5.28B | +1.7% | 7.901% | 0.08% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 158.6M | $4.23B | +1.1% | 6.327% | 0.09% |
| 3 | STATE STREET CORP | 128.4M | $3.42B | +0.7% | 5.120% | 0.05% |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 105.1M | $2.80B | +1.7% | 4.192% | 0.13% |
| 5 | Invesco Ltd. | 80.1M | $2.14B | +53.9% | 3.194% | 0.17% |
| 6 | CITADEL ADVISORS LLC | 71.9M | $1.92B | +89.3% | 2.869% | 0.11% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 69.9M | $1.86B | -0.1% | 2.788% | 0.10% |
| 8 | MILLENNIUM MANAGEMENT LLC | 63.2M | $1.69B | +19.8% | 2.522% | 0.61% |
| 9 | Pentwater Capital Management LP | 52.4M | $1.40B | -4.9% | 2.092% | 8.55% |
| 10 | FMR LLC | 46.3M | $1.23B | +38.2% | 1.845% | 0.05% |
| 11 | GOLDMAN SACHS GROUP INC | 43.5M | $1.16B | +15.0% | 1.734% | 0.10% |
| 12 | D. E. Shaw & Co., Inc. | 40.8M | $1.09B | +167.6% | 1.629% | 0.52% |
| 13 | NORGES BANK | 31.2M | $832.8M | β | 1.246% | 0.08% |
| 14 | Sessa Capital IM, L.P. | 30.2M | $804.2M | -5.6% | 1.203% | 13.45% |
| 15 | MORGAN STANLEY | 25.7M | $684.8M | -16.9% | 1.024% | 0.04% |
| 16 | BALYASNY ASSET MANAGEMENT L.P. | 24.5M | $654.2M | -12.2% | 0.979% | 0.82% |
| 17 | Qube Research & Technologies Ltd | 22.5M | $600.4M | +37.5% | 0.898% | 0.56% |
| 18 | NORTHERN TRUST CORP | 22.0M | $586.8M | -2.2% | 0.878% | 0.07% |
| 19 | UBS Group AG | 21.8M | $581.9M | +9.0% | 0.871% | 0.07% |
| 20 | JPMORGAN CHASE & CO | 20.5M | $555.1M | +6.7% | 0.816% | 0.03% |
| 21 | Third Point LLC | 20.0M | $533.2M | β | 0.798% | 11.39% |
| 22 | CAXTON ASSOCIATES LLP | 19.4M | $517.8M | +18.1% | 0.775% | 9.71% |
| 23 | HBK INVESTMENTS L P | 19.0M | $505.6M | +15.9% | 0.756% | 2.46% |
| 24 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 18.5M | $492.9M | -3.7% | 0.737% | 0.07% |
| 25 | LMR Partners LLP | 17.7M | $472.8M | +85.5% | 0.707% | 1.76% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in WBD β a direct measure of their conviction.
Filings activity in WBD during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new WBD position in Q2 2026
Institutions that fully closed their WBD position in Q2 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 1,320 | +0.9% | 85.30% | +9.29 pp | $55.69B | +8.8% |
| Q1 2026 | 1,308 | +0.2% | 76.01% | 0.67 pp | $51.20B | 4.6% |
| Q4 2025 | 1,306 | +14% | 76.68% | +3.35 pp | $53.65B | +53% |
| Q3 2025 | 1,141 | +1.0% | 73.33% | +2.77 pp | $34.97B | +81% |
| Q2 2025 | 1,130 | +0.4% | 70.56% | +3.49 pp | $19.30B | +13% |
| Q1 2025 | 1,126 | 2.0% | 67.07% | +1.62 pp | $17.15B | +3.5% |
| Q4 2024 | 1,149 | +4.1% | 65.45% | +5.04 pp | $16.58B | +40% |
| Q3 2024 | 1,104 | β | 60.41% | β | $11.81B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying WBD stock.
Based on Q2 2026 13F filings, institutional ownership of Warner Bros. Discovery, Inc. stands at 85.3%, held across 1,320 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of WBD, with approximately 198,085,828 shares worth $5.28B as of Q2 2026.
Yes β 3 widely-followed marquee investors appear among the top 25 institutional holders of WBD, including CITADEL ADVISORS LLC, MILLENNIUM MANAGEMENT LLC, Third Point LLC.
Our composite Smart Money Score for WBD is 71 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
91 institutions opened new positions in WBD during Q2 2026, while 95 fully exited. 404 added to existing positions and 766 trimmed.
WBD institutional ownership rose by 9.29 percentage points quarter-over-quarter, with a net change of +12 holders.
The top 10 institutions account for 46.6% of all reported 13F value in WBD, and the top 25 account for 64.7%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.