Which funds own WBD
Warner Bros Discovery Inc in the Q2 2026 filings. At least 23 of the 91 current managers on file reported a position, worth $9.2bn between them. At least a fifth of the current managers on file hold it, which is a crowd without being the whole market. The quarter went one way: 20 managers opened or added against 3 cutting.
- Managers holding
- 23
- at least, of 91 current
- Combined value
- $9.2bn
- as reported
- Opened
- 2
- new this quarter
- Added to
- 18
- already held
- Trimmed or sold out
- 3
- 0 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Invesco Ltd Long-only · $1264bn book | $2.1bn | 0.2% | 80,086,951 | +$4.2m+2,487,790 | Added |
| Millennium Management LLC Multi-strategy · $276bn book | $1.5bn | 0.6% | 57,657,575 | +$331m+13,718,183 | Added |
| Citadel Advisors LLC Multi-strategy · $875bn book | $1.2bn | 0.1% | 44,587,810 | +$382m+15,207,100 | Added |
| D. E. Shaw & Co. Quantitative · $210bn book | $1.1bn | 0.5% | 40,750,490 | +$678m+25,861,087 | Added |
| Third Point LLC Activist · $4.7bn book | $533m | 11% | 20,000,000 | opened20,000,000 | New |
| Caxton Associates LLP Macro · $5.3bn book | $518m | 9.7% | 19,423,068 | +$68m+3,032,306 | Added |
| Balyasny Asset Management LLC Multi-strategy · $80.2bn book | $440m | 0.5% | 16,512,606 | -$249m-8,602,408 | Trimmed |
| Verition Fund Management LLC Multi-strategy · $19.7bn book | $241m | 1.2% | 9,029,415 | +$4.2m+416,774 | Added |
| Neuberger Berman Group LLC Long-only · $150bn book | $203m | 0.1% | 7,590,252 | +$9.5m+557,165 | Added |
| Tudor Investment Corp Macro · $71.9bn book | $194m | 0.3% | 7,286,085 | +$500k+230,998 | Added |
| Renaissance Technologies LLC Quantitative · $72.6bn book | $162m | 0.2% | 6,083,353 | +$57m+2,236,200 | Added |
| Marshall Wace LLP Quantitative · $127bn book | $155m | 0.1% | 5,809,501 | +$70m+2,733,541 | Added |
| Hudson Bay Capital Management LP Multi-strategy · $36.8bn book | $149m | 0.4% | 5,589,805 | +$17m+797,751 | Added |
| Harris Associates LP Value · $75.4bn book | $128m | 0.2% | 4,803,194 | -$775m-28,070,845 | Trimmed |
| Man Group PLC Quantitative · $62.7bn book | $122m | 0.2% | 4,575,751 | +$9.7m+486,910 | Added |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $117m | 0.1% | 4,401,898 | +$23m+971,337 | Added |
| ExodusPoint Capital Management LP Multi-strategy · $15.5bn book | $62m | 0.4% | 2,305,423 | +$20m+798,272 | Added |
| Greenlight Capital Activist · $3.9bn book | $60m | 1.5% | 2,246,180 | opened2,246,180 | New |
| Schonfeld Strategic Advisors LLC Multi-strategy · $27.9bn book | $42m | 0.1% | 1,557,620 | +$27m+1,026,580 | Added |
| Soros Fund Management LLC Macro · $8.1bn book | $40m | 0.5% | 1,488,690 | +$9.7m+396,080 | Added |
| GAMCO Investors Inc Activist · $11.1bn book | $35m | 0.3% | 1,294,958 | -$20m-706,293 | Trimmed |
| Brevan Howard Capital Management LP Macro · $13.5bn book | $12m | 0.1% | 460,731 | +$4.0m+152,353 | Added |
| Moore Capital Management LP Macro · $6.7bn book | $8.0m | 0.1% | 300,000 | +$2.0m+80,000 | Added |
Ownership through time
At least 26 of the 95 managers whose filings are on file listed WBD in Q2 2026, against 1 in Q1 2022. 1 manager fewer than in Q1 2026: 2 started positions; 3 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q1 2022: 1
- Q2 2022: 24
- Q3 2022: 14
- Q4 2022: 11
- Q1 2023: 17
- Q2 2023: 15
- Q3 2023: 13
- Q4 2023: 11
- Q1 2024: 13
- Q2 2024: 9
- Q3 2024: 7
- Q4 2024: 10
- Q1 2025: 7
- Q2 2025: 11
- Q3 2025: 19
- Q4 2025: 27
- Q1 2026: 27
- Q2 2026: 26
- Q1 2022: $2.7m
- Q2 2022: $1.6bn
- Q3 2022: $1.8bn
- Q4 2022: $1.4bn
- Q1 2023: $2.5bn
- Q2 2023: $1.9bn
- Q3 2023: $1.8bn
- Q4 2023: $1.8bn
- Q1 2024: $1.6bn
- Q2 2024: $1.3bn
- Q3 2024: $1.3bn
- Q4 2024: $1.7bn
- Q1 2025: $1.7bn
- Q2 2025: $2.2bn
- Q3 2025: $4.3bn
- Q4 2025: $8.6bn
- Q1 2026: $9.3bn
- Q2 2026: $10.5bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
- Third Point LLC$533m
- Greenlight Capital$60m
Largest increases, by shares
- D. E. Shaw & Co.14,889,403 to 40,750,490 shares+$689m
- Third Point LLCnew: 20,000,000 shares+$533m
- Citadel Advisors LLC29,380,710 to 44,587,810 shares+$405m
- Millennium Management LLC43,939,392 to 57,657,575 shares+$366m
- Fidelity (FMR LLC)32,470,573 to 45,257,749 shares+$341m
Largest decreases, by shares
- Harris Associates LP32,874,039 to 4,803,194 shares-$748m
- Balyasny Asset Management LLC25,115,014 to 16,512,606 shares-$229m
- GAMCO Investors Inc2,001,251 to 1,294,958 shares-$19m
Left it
No manager on file is shown leaving it.
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Invesco Ltd | Q2 2022 | $2.3bn | $2.1bn | |
| Millennium Management LLC | Q1 2023 | $1.5bn | $1.5bn | |
| Fidelity (FMR LLC) | Q3 2025 | $1.2bn | $1.2bn | |
| Citadel Advisors LLC | Q1 2023 | $1.2bn | $1.2bn | |
| D. E. Shaw & Co. | Q2 2022 | $1.1bn | $1.1bn | |
| Third Point LLC | Q2 2026 | $533m | $533m | |
| Caxton Associates LLP | Q2 2022 | $518m | $518m | |
| Balyasny Asset Management LLC | Q1 2023 | $690m | $440m | |
| Verition Fund Management LLC | Q4 2024 | $245m | $241m | |
| Neuberger Berman Group LLC | Q2 2022 | $359m | $203m | |
| Tudor Investment Corp | Q1 2022 | $194m | $194m | |
| Renaissance Technologies LLC | Q1 2024 | $162m | $162m | |
| Marshall Wace LLP | Q3 2025 | $155m | $155m | |
| Hudson Bay Capital Management LP | Q2 2023 | $149m | $149m | |
| Harris Associates LP | Q3 2022 | $2.3bn | $128m | |
| Baupost Group LLC | Q2 2022 | $381m | last listed Q1 2024 | |
| Susquehanna International Group LLP | Q2 2022 | $265m | last listed Q3 2022 | |
| Jane Street Group LLC | Q4 2022 | $260m | last listed Q1 2026 | |
| Sachem Head Capital Management LP | Q4 2024 | $230m | last listed Q4 2025 | |
| Southeastern Asset Management Inc | Q2 2022 | $201m | last listed Q3 2024 | |
| Capital Research Global Investors | Q1 2023 | $171m | last listed Q1 2023 | |
| Arrowstreet Capital LP | Q2 2022 | $163m | last listed Q3 2022 | |
| Artisan Partners LP | Q2 2022 | $130m | last listed Q2 2024 | |
| MFS Investment Management | Q2 2022 | $111m | last listed Q1 2026 | |
| Holocene Advisors LP | Q2 2022 | $80m | last listed Q1 2025 |
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Balyasny Asset Management LLC · puts$201m notional
- Hudson Bay Capital Management LP · puts$154m notional
- ExodusPoint Capital Management LP · calls$71m notional
- Verition Fund Management LLC · puts$66m notional
- Verition Fund Management LLC · calls$38m notional
- ExodusPoint Capital Management LP · puts$18m notional
- Moore Capital Management LP · puts$8.0m notional
What WBD is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around WBD →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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