Warner Bros. Discovery Ownership | Who Owns Warner Bros. Discovery?

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Warner Bros. Discovery Ownership Summary

Warner Bros. Discovery is owned by 17.87% institutional investors, 5.95% insiders, and 76.18% retail investors. Vanguard group is the largest institutional shareholder, holding 11.42% of WBD shares. The Comm Svcs Sel Sect SPDR® ETF is the top mutual fund, with 3.19% of its assets in Warner Bros. Discovery shares.

WBD Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Warner Bros. Discovery	17.87%	5.95%	76.18%
Sector	Communication Services Stocks	26.03%	16.24%	57.73%
Industry	Entertainment Stocks	26.32%	18.84%	54.85%
Idea	Mobile Game Stocks List	22.62%	22.10%	55.28%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Vanguard group	283.18M	11.42%	$8.16B
Blackrock funding, inc. /de	193.83M	7.82%	$5.59B
Blackrock	165.19M	6.76%	$1.23B
State street	158.33M	6.39%	$3.09B
Harris associates l p	95.96M	3.87%	$1.87B
Geode capital management	66.60M	2.69%	$1.91B
Goldman sachs group	51.34M	2.07%	$1.48B
Sessa capital im	50.62M	2.04%	$988.69M
Fmr	41.22M	1.66%	$805.00M
Norges bank	38.99M	1.57%	$1.12B

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Hauser brothers gmbh	2.88M	45.29%	$56.19M
Samson rock capital llp	775.00K	36.44%	$22.34M
Sessa capital im	50.62M	23.40%	$988.69M
Mediatel partners	226.26K	21.92%	$6.52M
Credit capital investments	504.71K	13.70%	$14.55M
Harbor island capital	981.39K	10.84%	$28.28M
Triad investment management	325.57K	9.50%	$9.38B
Contrarius investment management	17.80M	8.28%	$132.42M
Diversified investment strategies	394.19K	7.45%	$11.36M
Jericho capital asset management	35.10M	7.13%	$685.41M

Top Buyers

Holder	Shares	% Assets	Change
Norges bank	38.99M	0.12%	38.99M
Goldman sachs group	51.34M	0.18%	35.87M
Pentwater capital management lp	27.06M	2.96%	27.06M
Fmr	41.22M	0.04%	22.85M
Jericho capital asset management	35.10M	7.13%	18.29M

Top Sellers

Holder	Shares	% Assets	Change
Edgepoint investment group	-	-	-22.42M
Manufacturers life insurance company, the	1.46M	0.02%	-22.01M
Pacer advisors	9.39M	0.69%	-13.40M
Jpmorgan chase	9.79M	0.02%	-13.38M
Harris associates l p	95.96M	3.00%	-12.97M

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	38.99M	0.12%	38.99M	$1.12B
Pentwater capital management lp	27.06M	2.96%	27.06M	$528.48M
Hrt financial lp	6.25M	0.57%	6.25M	$180.13M
Xn lp	5.61M	3.22%	5.61M	$109.66M
Marshall wace, llp	5.13M	0.10%	5.13M	$100.14M

Sold Out

Holder	Change
Security national bank	-1.00
Game plan financial advisors	-1.00
Re dickinson investment advisors	-2.00
Robbins farley	-2.00
Wiser advisor group	-2.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Dec 31, 2025	612	-51.24%	443,057,141	-74.02%	17	0.38%	305	-44.14%	201	-51.09%
Sep 30, 2025	628	-48.27%	495,947,264	-71.41%	20	0.41%	265	-45.36%	213	-54.78%
Jun 30, 2025	1,189	-2.70%	1,726,906,771	5.41%	69	1.57%	475	-10.38%	459	14.75%
Mar 31, 2025	18	-98.54%	75,636,922	-95.26%	3	0.07%	10	-98.04%	1	-99.79%
Dec 31, 2024	1,109	-5.86%	1,401,349,224	-5.44%	57	1.57%	454	0.22%	431	-7.71%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
The Comm Svcs Sel Sect SPDR® ETF	78.89M	3.19%	507.09K
Vanguard Total Stock Mkt Idx Inv	74.45M	3.00%	348.95K
Vanguard US Total Market Shares ETF	69.99M	2.85%	54.31K
Vanguard 500 Index Investor	63.73M	2.57%	605.82K
Invesco QQQ Trust	52.71M	2.13%	-
Vanguard Mid Cap Index Institutional	51.17M	2.06%	177.87K
State Street® CommServSelSectSPDR®ETF	40.90M	1.65%	89.10K
iShares Core S&P 500 ETF	31.59M	1.27%	-
Fidelity 500 Index	31.48M	1.27%	145.94K
State Street® SPDR® S&P 500® ETF	29.16M	1.18%	-220.93K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Mar 16, 2026	Perrette Jean-Briac	Pres.&CEO, Global Streaming	Sell	$18.07M
Mar 16, 2026	GOULD PAUL A	-	Sell	$16.41M
Mar 16, 2026	Merchant Fazal F	-	Sell	$961.80K
Mar 10, 2026	Aiyar Priya	Chief Legal Officer	Sell	$2.15M
Mar 03, 2026	FISHER RICHARD W	-	Sell	$462.73K

Insider Transactions Trends

Date	Buy	Sell
2026 Q1	-	14
2025 Q4	-	12
2025 Q3	2	4
2025 Q2	-	-
2025 Q1	1	-

WBD Ownership FAQ

Who Owns Warner Bros. Discovery?

Warner Bros. Discovery shareholders are primarily institutional investors at 17.87%, followed by 5.95% insiders and 76.18% retail investors. The average institutional ownership in Warner Bros. Discovery's industry, Entertainment Stocks , is 26.32%, which Warner Bros. Discovery falls below.

Who owns the most shares of Warner Bros. Discovery?

Warner Bros. Discovery’s largest shareholders are Vanguard group (283.18M shares, 11.42%), Blackrock funding, inc. /de (193.83M shares, 7.82%), and Blackrock (165.19M shares, 6.76%). Together, they hold 26.00% of Warner Bros. Discovery’s total shares outstanding.

Does Blackrock own Warner Bros. Discovery?

Yes, BlackRock owns 6.76% of Warner Bros. Discovery, totaling 165.19M shares as of Jun 2024. This represents 0.03% of BlackRock's total assets, with a market value of 1.23B$. In the last quarter, BlackRock increased its holdings by 7.56M shares, a 4.80% change.

Who is Warner Bros. Discovery’s biggest shareholder by percentage of total assets invested?

Hauser brothers gmbh is Warner Bros. Discovery’s biggest shareholder by percentage of total assets invested, with 45.29% of its assets in 2.88M Warner Bros. Discovery shares, valued at 56.19M$.

Who is the top mutual fund holder of Warner Bros. Discovery shares?

The Comm Svcs Sel Sect SPDR® ETF is the top mutual fund holder of Warner Bros. Discovery shares, with 3.19% of its total shares outstanding invested in 78.89M Warner Bros. Discovery shares.

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