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
↓ -5
Streak
1Q ▼
Buyers last Q
50%

Smart Money Signals — WBD

Based on 1307 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their WBD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,307 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
+166 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 — 50% buying

651 buying652 selling
Last quarter: 651 funds bought or added vs 652 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 (-149 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 136 → 167 → 319 → 170. 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.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 19% medium ■ 20% new
806 out of 1,307 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.
💰

Price up while funds trimmed (+18% value, -3% shares)

Value
+18%
Shares
-2%
Last quarter: total value of institutional WBD holdings rose +18% even though funds reduced share count by 3%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
🚀

Acceleration phase — new buyers rushing in

130 → 136 → 167 → 319 → 170 new funds/Q
New funds entering each quarter: 136 → 167 → 319 → 170. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 69% veterans vs 22% newcomers

■ 69% veterans ■ 10% 1-2yr ■ 22% new
Entry-cohort mix of 1,401 holders: 960 (69%) are 2+ year veterans, 136 entered 1–2 years ago, and 305 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 55% AUM from top-100 funds

55% from top-100 AUM funds
61 of 1301 holders are among the 100 largest funds by AUM, controlling 55% 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.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 Q1, 651 hedge funds were net buyers of WBD (170 opened a new position, 481 added to an existing one), while 652 reduced or exited (477 trimmed, 175 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 55% of total institutional value in WBD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -5 funds (more exits than new entries). Total institutional holders: 1307.

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 Q1 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 March 31, 2026 · 85d ago
WBD
-2.1%
XLC
-3.4%

WBD outperformed XLC by +1.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 40d ago
WBD
-0.4%
XLC
-7.7%

Since the filing became public, WBD outperformed XLC by +7.3% .

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 ?
Strong Institutional Conviction

Multiple high-quality funds hold meaningful positions with strong conviction.

66 top-rated funds 23 high-conviction
Consensus
7.9
/ 10
breadth
×
Elite
6.5
/ 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 Q1) Prior (2025 Q4) Change
Funds Holding 1294 1312 -1.37%
13F Shares 1.85B 1.91B -2.76%
Total Value $64.63B $54.71B 18.14%
New Positions 165 319 -154
Increased Positions 448 414 +34
Closed Positions 183 148 +35
Reduced Positions 453 405 +48
Total Calls 43 63 -31.75%
Total Puts 54 51 5.88%
PUT/CALL Ratio 1.26 0.81 Bearish

Statistics: WBD

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Financial Highlights

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Institutional Holders (2026 Q1)

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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Samson Rock Capital LLP 27.11% 832,628 $22.9M
2 Hauser Brothers GmbH 23.86% 620,000 $17.0M
3 Mediatel Partners 18.64% 226,265 $6.2M
4 Twin Securities, Inc. 17.32% 1,299,915 $35.7M
5 Sessa Capital IM, L.P. 15.94% 31,965,805 $877.8M
6 PSquared Asset Management AG 15.89% 1,663,164 $45.7M
7 Chieftain Capital Management, Inc. 15.51% 18,471 $470K
8 P Schoenfeld Asset Management LP 13.13% 880,303 $24.2M
9 One68 Global Capital, LLC 12.63% 142,069 $3.9M
10 Credit Capital Investments LLC 12.58% 504,713 $13.9M
11 Caxton Associates LLP 10.19% 16,390,762 $450.1M
12 Harbor Island Capital LLC 9.91% 971,270 $26.7M
13 Sand Grove Capital Management LLP 8.94% 1,446,807 $39.7M
14 Fort Baker Capital Management LP 8.67% 4,020,305 $110.4M
15 Bck Capital Management LP 8.13% 68,000 $1.9M
16 Vazirani Asset Management LLC 7.91% 125,000 $3.4M
17 Birnam Oak Advisors, LP 7.65% 1,227,776 $33.7M
18 One Fin Capital Management LP 7.45% 760,000 $20.9M
19 Pentwater Capital Management LP 7.15% 50,245,000 $1.38B
20 P Schoenfeld Asset Management LP 6.87% 460,300 $12.6M
21 Westchester Capital Management, LLC 6.51% 5,233,117 $143.7M
22 Harvest Management LLC 6.08% 457,300 $12.6M
23 Kryger Capital LLC 5.99% 3,086,831 $84.8M
24 Boussard & Gavaudan Investment Management LLP 5.91% 2,299,611 $62.5M
25 Fort Baker Capital Management LP 5.79% 2,685,900 $73.8M
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their WBD positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for WBD?

Slight buying edge — 50% buying: Last quarter: 651 funds bought or added vs 652 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 — 55% AUM from top-100 funds: 61 of 1301 holders are among the 100 largest funds by AUM, controlling 55% 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?

62% of holders stayed for 2+ years: 806 out of 1,307 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 Q1 hedge fund 13F filings?

As of today, WBD has moved -0.4% since the 2026 Q1 13F filing date (May 15, 2026), compared to -7.7% for the XLC sector ETF — an outperformance of +7.3%. Since the quarter end (March 31, 2026), WBD has gained -2.1% vs -3.4% 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.

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