Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Warner Bros Discovery Inc (WBD)

1K + Investors. Track Smart Money conviction in WBD. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
1Q ▲
Buyers last Q
52%

Smart Money Signals — WBD

Based on 1315 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added WBD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,315 hedge funds hold WBD right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +15% more funds vs a year ago

fund count last 6Q
+175 new funds entered over the past year (+15% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 52% buying

652 buying606 selling
Last quarter: 652 funds bought or added vs 606 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-41 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 167 → 320 → 172 → 131. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 18% medium ■ 19% new
822 out of 1,315 hedge funds have held WBD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +17%, value -10%

Value
-9%
Shares
+17%
Last quarter: funds added +17% more shares while total portfolio value only changed -10%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

138 → 167 → 320 → 172 → 131 new funds/Q
New funds entering each quarter: 167 → 320 → 172 → 131. WBD is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 69% veterans vs 21% newcomers

■ 69% veterans ■ 10% 1-2yr ■ 21% new
Entry-cohort mix of 1,421 holders: 977 (69%) are 2+ year veterans, 148 entered 1–2 years ago, and 296 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 59% AUM from top-100 funds

59% from top-100 AUM funds
65 of 1306 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in WBD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — WBD

In 2026 Q2, 652 hedge funds were net buyers of WBD (131 opened a new position, 521 added to an existing one), while 606 reduced or exited (479 trimmed, 127 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 59% of total institutional value in WBD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 1315.

Hedge Fund Ownership: WBD

How many hedge funds hold WBD — quarterly history vs. share price
Quarterly hedge fund ownership of WBD vs. share price

Market Analysis: WBD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: WBD

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Warner Bros Discovery Inc (WBD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much WBD has moved relative to its sector benchmark (XLC) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 60d ago
WBD
+8.3%
XLC
+4.0%

WBD outperformed XLC by +4.3% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 15d ago
WBD
+3.2%
XLC
-1.4%

Since the filing became public, WBD outperformed XLC by +4.6% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Growing Institutional Interest

Quality funds are building positions — conviction is rising but not yet widespread.

38 top-rated funds 19 high-conviction
Consensus
6.9
/ 10
breadth
×
Elite
6.2
/ 10
conviction
Hedge Fund Positioning: WBD
1K + Investors

Track Smart Money conviction in WBD. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 1302 1311 -0.69%
13F Shares 2.11B 1.89B 11.85%
Total Value $54.92B $65.02B -15.54%
New Positions 130 172 -42
Increased Positions 500 454 +46
Closed Positions 130 174 -44
Reduced Positions 436 456 -20
Total Calls 54 44 22.73%
Total Puts 59 55 7.27%
PUT/CALL Ratio 1.09 1.25 Neutral

Statistics: WBD

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in WBD. Verified SEC 13F-HR filings.

QUARTER:
Top 25 WBD holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Samson Rock Capital LLP 55.01% 940,000 $25.1M
2 Marble Bar Asset Management LLP 33.08% 1,788,868 $47.7M
3 Mediatel Partners 23.76% 226,265 $6.0M
4 One68 Global Capital, LLC 20.66% 357,169 $9.5M
5 PSquared Asset Management AG 19.82% 2,274,997 $60.7M
6 Hauser Brothers GmbH 19.26% 600,000 $16.0M
7 Symmetry Investments LP 15.14% 8,397,981 $223.9M
8 Symmetry Investments LP 14.40% 7,984,400 $212.9M
9 Sessa Capital IM, L.P. 13.45% 30,165,805 $804.2M
10 Melqart Asset Management (UK) Ltd 11.63% 4,583,750 $122.2M
11 Third Point LLC 11.39% 20,000,000 $533.2M
12 P Schoenfeld Asset Management LP 11.18% 1,025,403 $27.3M
13 Vazirani Asset Management LLC 11.15% 85,000 $2.3M
14 Fenelon Opportunity Fund Inc. 10.73% 8,476,923 $215.3M
15 Sand Grove Capital Management LLP 10.27% 1,475,644 $39.3M
16 Caxton Associates LLP 9.71% 19,423,068 $517.8M
17 Twin Securities, Inc. 9.63% 807,012 $21.5M
18 Twin Securities, Inc. 9.06% 759,600 $20.3M
19 Birnam Oak Advisors, LP 8.86% 2,046,728 $54.6M
20 Fort Baker Capital Management LP 8.67% 4,444,353 $118.5M
21 Pentwater Capital Management LP 7.76% 47,576,000 $1.27B
22 Credit Capital Investments LLC 7.71% 504,700 $13.5M
23 Terril Brothers, INC. 7.68% 1,116,807 $29.8M
24 Westchester Capital Management, LLC 7.46% 5,715,678 $152.4M
25 Harbor Island Capital LLC 6.59% 927,890 $24.7M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Warner Bros Discovery Inc (WBD)

What does the Smart Money Trend signal show for WBD?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added WBD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for WBD?

Slight buying edge — 52% buying: Last quarter: 652 funds bought or added vs 606 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for WBD holders?

Elite ownership — 59% AUM from top-100 funds: 65 of 1306 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in WBD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held WBD?

63% of holders stayed for 2+ years: 822 out of 1,315 hedge funds have held WBD for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Warner Bros Discovery Inc (WBD) following the 2026 Q2 hedge fund 13F filings?

As of today, WBD has moved +3.2% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.4% for the XLC sector ETF — an outperformance of +4.6%. Since the quarter end (June 30, 2026), WBD has gained +8.3% vs +4.0% for XLC. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →