Latest Period
Q4 2025
Security Snapshot
Warner Bros. Discovery, Inc. - Common Stock (WBD) Institutional Ownership
CUSIP: 934423104
13F Institutional Holders and Ownership History from Q1 2016 to Q1 2026
Institutions Reporting
1,294
Shares (Excl. Options)
1,744,245,579
Price
$28.82
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- Type / Class
- Equity / Common Stock
- Symbol
- WBD on Nasdaq
- Shares outstanding
- 2,508,378,878
- Price per share
- $27.39
- All holders as of 31 Dec 2025
- Q4 2025
- Total 13F shares
- 1,744,245,579
- Total reported value
- $50,254,505,629
- % of total 13F portfolios
- 0.06%
- Share change
- +30,922,103
- Value change
- +$1,937,956,666
- Number of holders
- 1,294
- Price from insider filings
- $27.39
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors
Quick Takeaways
- WBD - Warner Bros. Discovery, Inc. - Common Stock is tracked under CUSIP 934423104.
- 1294 institutions reported positions in Q4 2025.
- 3 significant owners is listed from Schedule 13D/13G reporting.
What Changed
- Holder count moved from 1,294 to 642 between Q4 2025 and Q1 2026.
- Reported value moved from $50,254,505,629 to $4,518,074,314.
Why This Matters
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Source Evidence
Source: SEC Form 13F
Open SEC Evidence
Latest holder context comes from 1294 institutions filings for Q4 2025.
Investment Quick Answers
What is CUSIP 934423104?
CUSIP 934423104 identifies WBD - Warner Bros. Discovery, Inc. - Common Stock in SEC 13F datasets.
Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.
Next ownership checks
Use the next link that matches the question you still need to answer about this security.
- Latest 13F filings when you want to inspect fresh institutional portfolio moves.
- Latest Schedule 13D/13G reports when you need large-owner changes outside the 13F cycle.
- All institutional ownership pages to compare this security with other holder-history pages.
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 934423104:
Significant Owners of Warner Bros. Discovery, Inc. - Common Stock (WBD) based on Schedule 13D/G filings
| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | 7.2% | $4,973,142,064 | 181,104,955 | Vanguard Capital Management | 31 Mar 2026 | |||
| STATE STREET CORP | 5.3% | -23% | $3,782,833,966 | -$1,107,564,203 | 131,075,328 | -23% | STATE STREET CORPORATION | 31 Dec 2025 |
| ADVANCE/NEWHOUSE PARTNERSHIP | 4% | $997,526,570 | 98,181,749 | A/NPP Diversified Holdings LLC | 30 Jun 2025 |
As of 31 Dec 2025, 1,294 institutional investors reported holding 1,744,245,579 shares of Warner Bros. Discovery, Inc. - Common Stock (WBD). This represents 70% of the company’s total 2,508,378,878 outstanding shares.
Top 25 Institutional Shareholders
The largest institutional shareholders of Warner Bros. Discovery, Inc. - Common Stock (WBD) together control 50% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| VANGUARD GROUP INC | 11% | 283,180,433 | +0.7% | 0.12% | $8,161,260,079 |
| BlackRock, Inc. | 7.7% | 193,830,450 | +5% | 0.09% | $5,586,193,569 |
| STATE STREET CORP | 5.2% | 131,066,834 | -17% | 0.13% | $3,777,346,156 |
| HARRIS ASSOCIATES L P | 3.1% | 78,854,809 | -18% | 2.9% | $2,272,595,595 |
| GEODE CAPITAL MANAGEMENT, LLC | 2.7% | 66,597,575 | +1.6% | 0.12% | $1,912,634,152 |
| GOLDMAN SACHS GROUP INC | 2% | 51,340,535 | +232% | 0.21% | $1,479,634,196 |
| Pentwater Capital Management LP | 1.8% | 46,075,000 | +70% | 9.6% | $1,327,881,500 |
| Sessa Capital IM, L.P. | 1.8% | 45,565,629 | -10% | 26% | $1,313,201,428 |
| NORGES BANK | 1.6% | 38,994,003 | 0.12% | $1,123,807,166 | |
| UBS Group AG | 1.3% | 33,339,744 | +36% | 0.19% | $960,851,421 |
| FMR LLC | 1.2% | 29,905,550 | -27% | 0.04% | $861,877,979 |
| MORGAN STANLEY | 1.1% | 27,462,742 | +4.8% | 0.05% | $791,476,309 |
| Invesco Ltd. | 1% | 25,725,138 | -28% | 0.11% | $741,398,490 |
| MILLENNIUM MANAGEMENT LLC | 1% | 25,610,999 | +419% | 0.53% | $738,108,991 |
| NORTHERN TRUST CORP | 0.91% | 22,797,285 | -3% | 0.08% | $657,017,753 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.78% | 19,452,808 | +1.9% | 0.09% | $560,629,921 |
| DIMENSIONAL FUND ADVISORS LP | 0.72% | 18,041,885 | -4.1% | 0.11% | $519,991,728 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.6% | 15,052,196 | -14% | 0.09% | $433,804,290 |
| Legal & General Group Plc | 0.6% | 15,045,260 | +5.3% | 0.1% | $433,604,398 |
| BARCLAYS PLC | 0.56% | 14,118,028 | +25% | 0.16% | $406,881,569 |
| BANK OF AMERICA CORP /DE/ | 0.54% | 13,636,049 | -11% | 0.03% | $392,990,926 |
| Bank of New York Mellon Corp | 0.53% | 13,308,993 | +0.01% | 0.07% | $383,565,176 |
| Amundi | 0.52% | 13,136,271 | -15% | 0.12% | $378,587,330 |
| Independent Franchise Partners LLP | 0.51% | 12,697,174 | -3.1% | 2.3% | $365,932,554 |
| NEUBERGER BERMAN GROUP LLC | 0.5% | 12,452,042 | +59% | 0.27% | $358,889,189 |
Institutional Holders of Warner Bros. Discovery, Inc. - Common Stock (WBD) across Reporting Periods
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q1 | 164,552,964 | $4,518,074,314 | -$727,370,460 | $27.46 | 642 |
| 2025 Q4 | 1,744,245,579 | $50,254,505,629 | +$1,937,956,666 | $28.82 | 1,294 |
| 2025 Q3 | 1,709,115,805 | $33,349,219,597 | +$242,296,515 | $19.53 | 1,135 |
| 2025 Q2 | 1,735,460,722 | $19,878,706,399 | +$1,097,509,816 | $11.46 | 1,134 |
| 2025 Q1 | 1,639,982,961 | $17,573,015,658 | +$494,923,873 | $10.73 | 1,146 |
| 2024 Q4 | 1,596,862,765 | $16,873,684,060 | +$1,054,451,439 | $10.57 | 1,177 |
| 2024 Q3 | 1,491,122,695 | $12,300,685,934 | +$163,888,577 | $8.25 | 1,125 |
| 2024 Q2 | 1,474,436,007 | $10,967,059,921 | -$33,725,490 | $7.44 | 1,171 |
| 2024 Q1 | 1,473,225,360 | $12,856,327,791 | +$102,442,818 | $8.73 | 1,179 |
| 2023 Q4 | 1,455,868,869 | $16,562,369,722 | +$80,189,232 | $11.38 | 1,243 |
| 2023 Q3 | 1,450,615,351 | $15,747,827,801 | +$118,971,749 | $10.86 | 1,210 |
| 2023 Q2 | 1,425,155,897 | $17,876,566,528 | +$541,880,648 | $12.54 | 1,246 |
| 2023 Q1 | 1,389,226,144 | $20,967,869,635 | -$36,066,221 | $15.10 | 1,231 |
| 2022 Q4 | 1,388,552,559 | $13,162,372,823 | +$296,584,544 | $9.48 | 1,259 |
| 2022 Q3 | 1,363,839,940 | $15,695,333,036 | -$108,441,882 | $11.50 | 1,335 |
| 2022 Q2 | 1,359,592,444 | $18,246,011,703 | +$18,199,443,898 | $13.42 | 1,432 |
| 2022 Q1 | 673,365 | $16,988,441 | +$14,487,245 | $24.92 | 12 |
| 2021 Q4 | 88 | $2,072 | -$388,383 | $23.55 | 2 |
| 2021 Q3 | 2,417 | $59,510 | -$1,810 | $25.38 | 3 |
| 2021 Q2 | 27,054 | $403,540 | -$234,083 | $30.68 | 4 |
| 2021 Q1 | 7,422 | $322,557 | -$668,530 | $43.46 | 3 |
| 2020 Q4 | 32,383 | $974,404 | +$421,861 | $30.09 | 3 |
| 2020 Q3 | 18,363 | $399,763 | +$363,221 | $21.77 | 2 |
| 2020 Q2 | 1,806 | $37,722 | +$15,192 | $21.10 | 3 |
| 2020 Q1 | 973 | $18,915 | +$5,249 | $19.44 | 2 |
| 2019 Q4 | 703 | $23,016 | $32.74 | 1 | |
| 2019 Q1 | 0 | $0 | -$1,682 | $27.39 | 0 |
| 2018 Q4 | 68 | $1,682 | $24.74 | 1 | |
| 2018 Q3 | 68 | $2,176 | -$3,648 | $32.00 | 1 |
| 2018 Q2 | 182 | $5,005 | +$5,005 | $27.50 | 1 |
| 2017 Q1 | 0 | $0 | -$1,206 | $27.39 | 0 |
| 2016 Q4 | 44 | $1,206 | $27.41 | 1 | |
| 2016 Q3 | 0 | $0 | -$151 | $27.39 | 0 |
| 2016 Q2 | 6 | $151 | $25.17 | 1 | |
| 2016 Q1 | 6 | $172 | $28.67 | 1 |