Ranked by reported Q1 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. | 194.8M | $5.35B | +0.5% | 7.770% | 0.09% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 156.9M | $4.31B | — | 6.258% | 0.11% |
| 3 | STATE STREET CORP | 127.4M | $3.50B | -2.8% | 5.083% | 0.12% |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 103.4M | $2.84B | — | 4.124% | 0.15% |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | 69.9M | $1.91B | +5.0% | 2.790% | 0.12% |
| 6 | Pentwater Capital Management LP | 55.1M | $1.51B | +5.1% | 2.198% | 7.87% |
| 7 | MILLENNIUM MANAGEMENT LLC | 52.8M | $1.45B | — | 2.105% | 0.96% |
| 8 | GOLDMAN SACHS GROUP INC | 37.8M | $1.04B | -29.3% | 1.508% | 0.12% |
| 9 | FMR LLC | 33.5M | $919.1M | +11.2% | 1.335% | 0.05% |
| 10 | HARRIS ASSOCIATES L P | 32.9M | $902.7M | -58.3% | 1.311% | 1.20% |
| 11 | Sessa Capital IM, L.P. | 32.0M | $877.8M | -29.8% | 1.275% | 16.70% |
| 12 | MORGAN STANLEY | 30.9M | $849.2M | +12.6% | 1.234% | 0.05% |
| 13 | BARCLAYS PLC | 27.6M | $757.4M | +74.3% | 1.100% | 0.31% |
| 14 | Invesco Ltd. | 25.6M | $701.6M | -0.7% | 1.019% | 0.11% |
| 15 | NORTHERN TRUST CORP | 22.5M | $617.9M | -1.3% | 0.898% | 0.08% |
| 16 | UBS Group AG | 20.0M | $549.8M | -42.3% | 0.799% | 0.08% |
| 17 | CAPSTONE INVESTMENT ADVISORS, LLC | 19.5M | $534.9M | +157.7% | 0.777% | 0.99% |
| 18 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 19.2M | $527.3M | -1.3% | 0.766% | 0.08% |
| 19 | DIMENSIONAL FUND ADVISORS LP | 17.0M | $466.6M | -5.8% | 0.678% | 0.10% |
| 20 | BANK OF AMERICA CORP /DE/ | 16.6M | $456.3M | +21.9% | 0.663% | 0.03% |
| 21 | CAXTON ASSOCIATES LLP | 16.4M | $451.4M | +2537.4% | 0.656% | 10.35% |
| 22 | Qube Research & Technologies Ltd | 16.4M | $449.9M | +113.0% | 0.653% | 0.53% |
| 23 | HBK INVESTMENTS L P | 16.4M | $449.3M | — | 0.653% | 5.84% |
| 24 | UBS ASSET MANAGEMENT AMERICAS INC | 16.0M | $439.9M | +6.4% | 0.639% | 0.09% |
| 25 | D. E. Shaw & Co., Inc. | 15.3M | $419.0M | +15.1% | 0.609% | 0.39% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in WBD — a direct measure of their conviction.
Filings activity in WBD during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,269 | 0.4% | 68.14% | 5.16 pp | $46.09B | 7.0% |
| Q4 2025 | 1,274 | +15% | 73.30% | +23.23 pp | $49.58B | +46% |
| Q3 2025 | 1,104 | 2.3% | 50.07% | +21.54 pp | $33.87B | +75% |
| Q2 2025 | 1,130 | +0.4% | 28.53% | +3.18 pp | $19.30B | +13% |
| Q1 2025 | 1,126 | 2.0% | 25.35% | +0.85 pp | $17.15B | +3.5% |
| Q4 2024 | 1,149 | +4.1% | 24.50% | +7.04 pp | $16.58B | +40% |
| Q3 2024 | 1,104 | 3.7% | 17.46% | 1.76 pp | $11.81B | 9.1% |
| Q2 2024 | 1,146 | — | 19.22% | — | $13.00B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying WBD stock.
Based on Q1 2026 13F filings, institutional ownership of Warner Bros. Discovery, Inc. stands at 68.1%, held across 1,269 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of WBD, with approximately 194,804,215 shares worth $5.35B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of WBD, including MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for WBD is 35 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
184 institutions opened new positions in WBD during Q1 2026, while 189 fully exited. 310 added to existing positions and 763 trimmed.
WBD institutional ownership fell by 5.16 percentage points quarter-over-quarter, with a net change of -5 holders.
The top 10 institutions account for 51.5% of all reported 13F value in WBD, and the top 25 account for 70.0%.
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.
Warner Bros. Discovery, Inc. (WBD) Institutional Ownership