CAPSTONE INVESTMENT ADVISORS, LLC WBD — DISCOVERY COMMUNICATIONS-A COMMON

Ownership history in CAPSTONE INVESTMENT ADVISORS, LLC  ·  137 quarters on record

AI Ownership Summary

CAPSTONE INVESTMENT ADVISORS, LLC reported DISCOVERY COMMUNICATIONS-A COMMON (WBD) in 137 quarterly 13F filings from 2023 Q4 through 2026 Q1. Peak portfolio weight reached 0.49% in 2026 Q1. The latest visible filing shows WBD at 0.44% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this WBD ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was CAPSTONE INVESTMENT ADVISORS, LLC's position in DISCOVERY COMMUNICATIONS-A COMMON, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q1

WBD was reported at 0.44% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.49% in 2026 Q1

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2026 Q1

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

WBD stock page CAPSTONE INVESTMENT ADVISORS, LLC fund profile CAPSTONE INVESTMENT ADVISORS, LLC full holdings
How CAPSTONE INVESTMENT ADVISORS, LLC held WBD — position size vs. price
% of Fund (quarterly)    WBD price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 29 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q1 REDUCED — — — 9,218,800 -986,200 -9.7% 0.44% $253.1M 2026-05-15 $26.98
2026 Q1 ADDED — — — 10,205,000 +10,150,600 +18659.2% 0.49% $280.2M 2026-05-15 $26.98
2026 Q1 REDUCED — — — 54,400 -3,668,000 -98.5% 0.00% $1.5M 2026-05-15 $26.98
2025 Q4 ADDED — — — 3,722,400 +3,634,900 +4154.2% 0.21% $107.3M 2026-02-17 $28.75
2025 Q4 REDUCED 97.7% -4.7% ✅ 87,500 -3,662,500 -97.7% 0.00% $2.5M 2026-02-17 $28.75
2025 Q4 ADDED — — — 3,750,000 +3,660,300 +4080.6% 0.21% $108.1M 2026-02-17 $28.75
2025 Q3 REDUCED 67.8% +47.4% ❌ 89,700 -188,800 -67.8% 0.00% $1.8M 2025-11-14 $23.03
2025 Q3 ADDED — — — 278,500 +90,400 +48.1% 0.01% $5.4M 2025-11-14 $23.03
2025 Q2 ADDED — — — 188,100 +130,000 +223.8% 0.01% $2.2M 2025-08-14 $11.78
2025 Q2 REDUCED 26.3% +64.6% ❌ 58,100 -20,686 -26.3% 0.00% $666K 2025-08-14 $11.78
2025 Q2 REDUCED 23.9% +64.6% ❌ 78,786 -24,785 -23.9% 0.00% $903K 2025-08-14 $11.78
2025 Q1 REDUCED 66.1% +6.8% ❌ 103,571 -202,029 -66.1% 0.00% $1.1M 2025-05-15 $9.14
2025 Q1 ADDED — — — 305,600 +272,200 +815.0% 0.01% $3.3M 2025-05-15 $9.14
2025 Q1 REDUCED 94.9% +6.8% ❌ 33,400 -622,600 -94.9% 0.00% $358K 2025-05-15 $9.14
2024 Q4 ADDED — — — 656,000 +574,600 +705.9% 0.02% $6.9M 2025-02-14 $10.34
2024 Q4 REDUCED 59.6% +1.5% ❌ 81,400 -120,160 -59.6% 0.00% $860K 2025-02-14 $10.34
2024 Q4 ADDED — — — 201,560 +150,360 +293.7% 0.01% $2.1M 2025-02-14 $10.34
2024 Q3 REDUCED 79.6% +27.4% ❌ 51,200 -200,344 -79.6% 0.00% $422K 2024-11-14 $9.86
2024 Q3 REDUCED 50.7% +27.4% ❌ 251,544 -258,556 -50.7% 0.01% $2.1M 2024-11-14 $9.86
2024 Q3 ADDED — — — 510,100 +211,167 +70.6% 0.01% $4.2M 2024-11-14 $9.86
2024 Q2 REDUCED 34.9% +10.9% ❌ 298,933 -160,567 -34.9% 0.01% $2.2M 2024-08-14 $6.96
2024 Q2 ADDED — — — 459,500 +412,000 +867.4% 0.01% $3.4M 2024-08-14 $6.96
2024 Q2 UNCHANGED — — — 47,500 — 0% 0.00% $353K 2024-08-14 $6.96
2024 Q1 REDUCED 75.0% -18.7% ✅ 47,500 -142,400 -75.0% 0.00% $415K 2024-05-01 $7.62
2024 Q1 ADDED — — — 189,900 +57,925 +43.9% 0.01% $1.7M 2024-05-01 $7.62
2024 Q1 REDUCED 25.7% -18.7% ✅ 131,975 -45,751 -25.7% 0.00% $1.2M 2024-05-01 $7.62
2023 Q4 ADDED — — — 177,726 +85,526 +92.8% 0.01% $2.0M 2024-02-12 $9.96
2023 Q4 REDUCED 76.6% -22.8% ✅ 92,200 -302,500 -76.6% 0.00% $1.0M 2024-02-12 $9.96
2023 Q4 ADDED — — — 394,700 +69,300 +21.3% 0.01% $4.5M 2024-02-12 $9.96
108 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding WBD

As of 2026 Q1 — sorted by position size

Samson Rock Capital LLP 3Y 27.11% Hauser Brothers GmbH 23.86% MEDIATEL PARTNERS 3Y 7Y 18.64% Twin Securities, Inc. 3Y 7Y 17.32% Sessa Capital IM, L.P. 3Y 7Y 15.94% PSquared Asset Management AG 3Y 7Y 15.89% Chieftain Capital Management, Inc. 3Y 7Y 15.51% Athos Capital Ltd 3Y 7Y 14.77% P SCHOENFELD ASSET MANAGEMENT LP 3Y 7Y 13.13% One68 Global Capital, LLC 3Y 7Y 12.63%

FAQ About CAPSTONE INVESTMENT ADVISORS, LLC and WBD

These are the practical questions this page is built to answer before you even open the full history table.

How long has CAPSTONE INVESTMENT ADVISORS, LLC reported owning WBD?

CAPSTONE INVESTMENT ADVISORS, LLC reported WBD across 29 quarterly 13F filings, from 2023 Q4 through 2026 Q1.

What was the largest reported WBD position in CAPSTONE INVESTMENT ADVISORS, LLC's portfolio?

The largest reported portfolio weight for WBD was 0.49% in 2026 Q1.

What is the latest reported WBD position on this page?

The most recent filing on this page is 2026 Q1, when CAPSTONE INVESTMENT ADVISORS, LLC reported 9,218,800 shares, equal to 0.44% of portfolio, with an estimated market value of $253.1M.

What does the chart on this WBD ownership page compare?

The chart compares CAPSTONE INVESTMENT ADVISORS, LLC's quarterly WBD portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did CAPSTONE INVESTMENT ADVISORS, LLC time their WBD position?

Based on 13F filing dates vs. subsequent WBD price moves, CAPSTONE INVESTMENT ADVISORS, LLC correctly timed 68 out of 132 reported position changes (52%). The annualised alpha on WBD relative to SPY over the holding period was -8.7%.

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