Also trades as: DISCA (NASDAQ) · $vol 292M · DISCK (NASDAQ) · $vol 130M · DISCB (NASDAQ) · $vol 0M · 0IBD.L (LSE)
WBD Institutional Ownership
Warner Bros. Discovery, Inc.
1W: +0.2%
1M: +9.1%
3M: +18.5%
YTD: +8.6%
1Y: +60.9%
3Y: +189.5%
5Y: +18.4%
$30.95
Last traded 2026-10-05 — delisted
Credit Risk of going bust: lower than 72% of companies Debt: 29.2% of company value Bonds: $1.19B held by 608 funds, 337 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.72 (down 98%), Warner Bros. Discovery, Inc. would be worth roughly what it owes.
Total debt $32.02B against a stock market value of $77.72B.
Distance to default 7.91 (Merton model): prices to 2026-10-05, balance sheet 2026-06-30, debt counted $16.76B (short-term plus half of long-term), stock volatility 26.5%; Altman Z'' -0.28. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $0.72 (down 98%), Warner Bros. Discovery, Inc. would be worth roughly what it owes.
Total debt $32.02B against a stock market value of $77.72B.
Distance to default 7.91 (Merton model): prices to 2026-10-05, balance sheet 2026-06-30, debt counted $16.76B (short-term plus half of long-term), stock volatility 26.5%; Altman Z'' -0.28. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Institutional Ownership — WBD
1,424
Institutional Holders
-47 vs prior quarter
0.0%
Ownership
+0.00pp
$52B
Total Invested
121
New Positions
509
Increased
538
Reduced
94
Closed
1.12
Put/Call Ratio
Ownership Trends
Top Institutional Holders (1560 total)
| # | Holder | Shares | Value | Change | Change % | Holding Period | Filing |
|---|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 198,085,828 | $6.1B | +3,281,613 | +1.7% | 8Q | SEC ↗ |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 158,635,529 | $4.9B | +1,726,939 | +1.1% | 2Q | SEC ↗ |
| 3 | STATE STREET CORP | 128,364,674 | $4.0B | +934,964 | +0.7% | 17Q | SEC ↗ |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 105,102,281 | $3.3B | +1,704,640 | +1.6% | 2Q | SEC ↗ |
| 5 | Invesco Ltd. | 80,086,951 | $2.5B | +28,039,053 | +53.9% | 17Q | SEC ↗ |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 69,897,377 | $2.2B | -42,146 | -0.1% | 17Q | SEC ↗ |
| 7 | MILLENNIUM MANAGEMENT LLC | 57,657,575 | $1.8B | +13,718,183 | +31.2% | 14Q | SEC ↗ |
| 8 | Pentwater Capital Management LP | 47,576,000 | $1.5B | -2,669,000 | -5.3% | 4Q | SEC ↗ |
| 9 | FMR LLC | 45,257,749 | $1.4B | +12,787,176 | +39.4% | 17Q | SEC ↗ |
| 10 | CITADEL ADVISORS LLC | 44,587,810 | $1.4B | +15,207,100 | +51.8% | 8Q | SEC ↗ |
| 11 | D. E. Shaw & Co., Inc. | 40,750,490 | $1.3B | +25,861,087 | +173.7% | 17Q | SEC ↗ |
| 12 | NORGES BANK NEW | 31,238,355 | $967M | — | +0.0% | 1Q | SEC ↗ |
| 13 | Sessa Capital IM, L.P. | 30,165,805 | $934M | -1,800,000 | -5.6% | 17Q | SEC ↗ |
| 14 | MORGAN STANLEY | 25,684,576 | $795M | -5,240,163 | -16.9% | 17Q | SEC ↗ |
| 15 | GOLDMAN SACHS GROUP INC | 25,006,903 | $774M | +1,194,330 | +5.0% | 15Q | SEC ↗ |
| 16 | NORTHERN TRUST CORP | 22,010,425 | $681M | -491,621 | -2.2% | 17Q | SEC ↗ |
| 17 | Qube Research & Technologies Ltd | 21,723,714 | $672M | +6,397,934 | +41.7% | 3Q | SEC ↗ |
| 18 | UBS Group AG | 20,837,420 | $645M | +1,265,089 | +6.5% | 17Q | SEC ↗ |
| 19 | JPMORGAN CHASE & CO | 20,460,517 | $633M | +1,287,460 | +6.7% | 17Q | SEC ↗ |
| 20 | Third Point LLC NEW | 20,000,000 | $619M | — | +0.0% | 1Q | SEC ↗ |
| 21 | CAXTON ASSOCIATES LLP | 19,423,068 | $601M | +3,032,306 | +18.5% | 4Q | SEC ↗ |
| 22 | HBK INVESTMENTS L P | 18,965,932 | $587M | +2,604,732 | +15.9% | 6Q | SEC ↗ |
| 23 | Sixth Street Partners Management Compa NEW | 18,487,841 | $572M | — | +0.0% | 1Q | SEC ↗ |
| 24 | CHARLES SCHWAB INVESTMENT MANAGEMENT I | 18,487,841 | $572M | -715,198 | -3.7% | 15Q | SEC ↗ |
| 25 | DIMENSIONAL FUND ADVISORS LP | 17,029,524 | $527M | +34,129 | +0.2% | 17Q | SEC ↗ |
| 26 | Balyasny Asset Management L.P. | 16,512,606 | $511M | -8,602,408 | -34.3% | 10Q | SEC ↗ |
| 27 | Amundi | 16,324,591 | $505M | +1,640,916 | +11.2% | 17Q | SEC ↗ |
| 28 | BANK OF AMERICA CORP /DE | 15,994,188 | $495M | -622,761 | -3.7% | 15Q | SEC ↗ |
| 29 | Legal & General Group Plc | 15,466,648 | $479M | +308,319 | +2.0% | 17Q | SEC ↗ |
| 30 | UBS AM, a distinct business unit of UB | 15,044,844 | $466M | -975,206 | -6.1% | 17Q | SEC ↗ |
| 31 | SG Americas Securities, LLC | 14,362,249 | $445M | +6,950,542 | +93.8% | 17Q | SEC ↗ |
| 32 | VANGUARD FIDUCIARY TRUST CO | 13,831,365 | $428M | -1,890 | -0.0% | 2Q | SEC ↗ |
| 33 | HSBC HOLDINGS PLC | 13,829,848 | $428M | +7,851,800 | +131.3% | 17Q | SEC ↗ |
| 34 | DEUTSCHE BANK AG | 13,115,688 | $406M | +6,887,620 | +110.6% | 17Q | SEC ↗ |
| 35 | LMR Partners LLP | 13,035,187 | $403M | +6,225,223 | +91.4% | 17Q | SEC ↗ |
| 36 | Bank of New York Mellon Corp | 12,688,029 | $393M | -89,569 | -0.7% | 17Q | SEC ↗ |
| 37 | Verition Fund Management LLC | 9,029,415 | $279M | +416,774 | +4.8% | 17Q | SEC ↗ |
| 38 | JANE STREET GROUP, LLC | 8,935,888 | $277M | -540,675 | -5.7% | 17Q | SEC ↗ |
| 39 | Fenelon Opportunity Fund Inc. NEW | 8,476,923 | $262M | — | +0.0% | 1Q | SEC ↗ |
| 40 | Symmetry Investments LP NEW | 8,397,981 | $260M | — | +0.0% | 1Q | SEC ↗ |
| 41 | Independent Franchise Partners LLP | 8,157,933 | $252M | -539,797 | -6.2% | 6Q | SEC ↗ |
| 42 | NATIONAL BANK OF CANADA /FI | 7,887,162 | $244M | -5,412,365 | -40.7% | 17Q | SEC ↗ |
| 43 | BARCLAYS PLC | 7,855,985 | $243M | -19,724,890 | -71.5% | 17Q | SEC ↗ |
| 44 | NEUBERGER BERMAN GROUP LLC | 7,590,252 | $235M | +557,165 | +7.9% | 17Q | SEC ↗ |
| 45 | TUDOR INVESTMENT CORP ET AL | 7,286,085 | $226M | +230,998 | +3.3% | 2Q | SEC ↗ |
| 46 | Newport Trust Company, LLC | 7,073,339 | $219M | -190,438 | -2.6% | 17Q | SEC ↗ |
| 47 | Allianz Asset Management GmbH | 6,926,268 | $214M | +336,394 | +5.1% | 17Q | SEC ↗ |
| 48 | National Pension Service | 6,792,065 | $210M | +229,635 | +3.5% | 17Q | SEC ↗ |
| 49 | Swiss National Bank | 6,717,827 | $208M | -242,000 | -3.5% | 17Q | SEC ↗ |
| 50 | Mitsubishi UFJ Asset Management Co., L | 6,105,056 | $189M | +422,485 | +7.4% | 17Q | SEC ↗ |
Recent Activity
New Positions (20)
| Holder | Shares | Value |
|---|---|---|
| NORGES BANK | 31,238,355 | $967M |
| Third Point LLC | 20,000,000 | $619M |
| Sixth Street Partners Management Co | 18,487,841 | $572M |
| Fenelon Opportunity Fund Inc. | 8,476,923 | $262M |
| Symmetry Investments LP | 8,397,981 | $260M |
| BOUSSARD & GAVAUDAN GESTION SAS | 2,652,642 | $82M |
| DME Capital Management, LP | 2,246,180 | $70M |
| Newbrook Capital Advisors LP | 1,238,356 | $38M |
| TWO SIGMA INVESTMENTS, LP | 977,126 | $30M |
| COMPASS ROSE ASSET MANAGEMENT, LP | 930,000 | $29M |
| SCOGGIN MANAGEMENT LP | 625,000 | $19M |
| SHENKMAN CAPITAL MANAGEMENT INC | 565,883 | $18M |
| Alyeska Investment Group, L.P. | 391,332 | $12M |
| Tiptree Advisors, LLC | 389,000 | $12M |
| Nykredit A/S | 353,949 | $11M |
| Palliser Capital (UK) Ltd | 297,019 | $9M |
| Jupiter Topco LLC | 267,392 | $8M |
| Edgestream Partners, L.P. | 256,392 | $8M |
| INTECH INVESTMENT MANAGEMENT LLC | 215,747 | $7M |
| Helix Partners Management LP | 150,000 | $5M |
Sold Out (20)
| Holder | Prev Shares | Prev Value |
|---|---|---|
| Sachem Head Capital Management LP | 7,995,000 | $247M |
| HRT FINANCIAL LP | 6,250,016 | $193M |
| WELLINGTON MANAGEMENT GROUP LLP | 3,637,740 | $113M |
| YACKTMAN ASSET MANAGEMENT LP | 1,782,860 | $55M |
| EUBEL BRADY & SUTTMAN ASSET MANAGEM | 1,669,261 | $52M |
| CRCM LP | 1,500,000 | $46M |
| Contrarius Group Holdings Ltd | 1,496,154 | $46M |
| Weiss Asset Management LP | 1,296,257 | $40M |
| SOUND SHORE MANAGEMENT INC /CT | 990,615 | $31M |
| Cinctive Capital Management LP | 694,591 | $21M |
| 1832 Asset Management L.P. | 630,000 | $19M |
| Summit Street Capital Management, L | 597,500 | $18M |
| Connor, Clark & Lunn Investment Man | 580,281 | $18M |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC | 577,325 | $18M |
| Sienna Gestion | 576,238 | $18M |
| Clarkston Capital Partners, LLC | 514,700 | $16M |
| Marathon Trading Investment Managem | 506,839 | $16M |
| WINTON GROUP Ltd | 499,217 | $15M |
| TREMBLANT CAPITAL GROUP | 491,184 | $15M |
| SOL Capital Management CO | 467,056 | $14M |
Biggest Increases (20)
| Holder | Added | Change % | Total Shares |
|---|---|---|---|
| Invesco Ltd. | +28,039,053 | +53.9% | 80,086,951 |
| D. E. Shaw & Co., Inc. | +25,861,087 | +173.7% | 40,750,490 |
| CITADEL ADVISORS LLC | +15,207,100 | +51.8% | 44,587,810 |
| MILLENNIUM MANAGEMENT LLC | +13,718,183 | +31.2% | 57,657,575 |
| FMR LLC | +12,787,176 | +39.4% | 45,257,749 |
| HSBC HOLDINGS PLC | +7,851,800 | +131.3% | 13,829,848 |
| SG Americas Securities, LLC | +6,950,542 | +93.8% | 14,362,249 |
| DEUTSCHE BANK AG | +6,887,620 | +110.6% | 13,115,688 |
| Qube Research & Technologies Ltd | +6,397,934 | +41.7% | 21,723,714 |
| LMR Partners LLP | +6,225,223 | +91.4% | 13,035,187 |
| BlackRock, Inc. | +3,281,613 | +1.7% | 198,085,828 |
| CAXTON ASSOCIATES LLP | +3,032,306 | +18.5% | 19,423,068 |
| CIBC Bancorp USA Inc. | +3,022,168 | +268.5% | 4,147,716 |
| MARSHALL WACE, LLP | +2,733,541 | +88.9% | 5,809,501 |
| CIBC WORLD MARKET INC. | +2,705,488 | +1528.0% | 2,882,548 |
| HBK INVESTMENTS L P | +2,604,732 | +15.9% | 18,965,932 |
| Melqart Asset Management (UK) Ltd | +2,556,141 | +126.1% | 4,583,750 |
| RENAISSANCE TECHNOLOGIES LLC | +2,236,200 | +58.1% | 6,083,353 |
| READYSTATE ASSET MANAGEMENT LP | +2,191,929 | +132.1% | 3,851,600 |
| Capula Management Ltd | +1,905,281 | +154.7% | 3,137,200 |
Biggest Decreases (20)
| Holder | Reduced | Change % | Total Shares |
|---|---|---|---|
| HARRIS ASSOCIATES L P | -28,070,845 | -85.4% | 4,803,194 |
| BARCLAYS PLC | -19,724,890 | -71.5% | 7,855,985 |
| Balyasny Asset Management L.P. | -8,602,408 | -34.3% | 16,512,606 |
| CAPSTONE INVESTMENT ADVISORS, LLC | -6,800,000 | -66.6% | 3,405,000 |
| NOMURA HOLDINGS INC | -5,559,145 | -73.5% | 2,007,520 |
| NATIONAL BANK OF CANADA /FI | -5,412,365 | -40.7% | 7,887,162 |
| MORGAN STANLEY | -5,240,163 | -16.9% | 25,684,576 |
| FIL Ltd | -3,568,793 | -60.4% | 2,335,833 |
| Senator Investment Group LP | -3,029,183 | -99.3% | 20,061 |
| Pentwater Capital Management LP | -2,669,000 | -5.3% | 47,576,000 |
| TOMS Capital Investment Management | -2,501,844 | -64.1% | 1,398,156 |
| Sessa Capital IM, L.P. | -1,800,000 | -5.6% | 30,165,805 |
| ING GROEP NV | -1,778,369 | -52.2% | 1,626,161 |
| Ancora Advisors LLC | -1,764,917 | -99.8% | 3,440 |
| RHUMBLINE ADVISERS | -1,227,460 | -21.8% | 4,415,649 |
| TIG Advisors, LLC | -1,083,221 | -30.2% | 2,500,148 |
| UBS AM, a distinct business unit of | -975,206 | -6.1% | 15,044,844 |
| Empyrean Capital Partners, LP | -799,913 | -31.0% | 1,783,087 |
| BANK OF NOVA SCOTIA | -778,257 | -15.6% | 4,220,452 |
| GLAZER CAPITAL, LLC | -767,113 | -46.9% | 868,245 |