Warner Bros. Discovery, Inc.
Warner Bros. Discovery, Inc. (WBD) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · WBD · as of Mar 31, 2025
Ownership Breakdown
1,241
Institutional Holders
▼ 22 vs Q4
$17.93B
Total Inst. Value
▲ $1.00B vs Q4
2.51B
Shares Outstanding
freeFloat 94.98%
1.67B
13F Shares Held
▲ 74.86M vs Q4
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
WBD largest shareholders · institutional ownership
Q1 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC cable & other pay television services | 256.82M | 10.43% | 10.43% | $2.76T | May 9, 2025 | ▲ 4.17M |
BLACKROCK, INC. cable & other pay television services | 173.17M | 7.03% | 7.03% | $1.86T | May 2, 2025 | ▲ 2.86M |
STATE STREET CORP cable & other pay television services | 168.71M | 6.85% | 6.85% | $1.81T | May 15, 2025 | ▲ 12.26M |
HARRIS ASSOCIATES L P cable & other pay television services | 95.57M | 3.88% | 3.88% | $1.03T | May 15, 2025 | ▲ 52.6K |
GEODE CAPITAL MANAGEMENT, LLC cable & other pay television services | 59.54M | 2.42% | 2.42% | $636.91B | May 13, 2025 | ▲ 2.10M |
INVESCO LTD. cable & other pay television services | 43.34M | 1.76% | 1.76% | $465.05B | May 12, 2025 | ▲ 873.9K |
SESSA CAPITAL IM, L.P. cable & other pay television services | 29.56M | 1.20% | 1.20% | $317.13B | May 15, 2025 | ▲ 1.14M |
NORGES BANK cable & other pay television services | 29.09M | 1.18% | 1.18% | $312.11B | May 11, 2026 | ▼ 5.18M |
UBS GROUP AG cable & other pay television services | 25.94M | 1.05% | 1.05% | $278.29B | May 13, 2025 | ▲ 2.57M |
MANUFACTURERS LIFE INSURANCE COMPANY, THE cable & other pay television services | 24.67M | 1.00% | 1.00% | $264.73B | May 15, 2025 | ▲ 1.06M |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q1 2025 vs prior quarter
Q1 2025
30
Increased
+92.88M shares4
New Positions
first time holders15
Decreased
−24.83M shares0
Sold Out
fully exitedNet shares change (top 50)
+68.04M
+92.88M / −24.83M
Net new holders
+19
4 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
WBD insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
0
Buy transactions
1
Sell transactions
0.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Girdwood Amy Chief People & Culture Officer | Apr 15, 2026 | Tax Withhold | 225,624 | $27.20 | $6.14M | 801.7K | Form 4 ↗ |
Price Paula A director | Mar 27, 2026 | Award | 1,340 | — | — | 94.2K | Form 4 ↗ |
Noto Anthony director | Mar 27, 2026 | Award | 1,063 | — | — | 43.3K | Form 4 ↗ |
Perrette Jean-Briac Pres.&CEO, Global Streaming | Mar 16, 2026 | Sale | 659,120 | $27.42 | $18.07M | 1.17M | Form 4 ↗ |
GOULD PAUL A director | Mar 16, 2026 | Sale | 600,000 | $27.35 | $16.41M | 244.4K | Form 4 ↗ |
Merchant Fazal F director | Mar 16, 2026 | Sale | 35,000 | $27.48 | $961.8K | 95.5K | Form 4 ↗ |
LEE DEBRA L director | Mar 10, 2026 | Gift | 16,345 | — | — | 66.8K | Form 4 ↗ |
Perrette Jean-Briac Pres.&CEO, Global Streaming | Mar 6, 2026 | Tax Withhold | 43,433 | $27.95 | $1.21M | 1.83M | Form 4 ↗ |
Wiedenfels Gunnar Chief Financial Officer | Mar 6, 2026 | Tax Withhold | 43,578 | $27.95 | $1.22M | 619.8K | Form 4 ↗ |
Zeiler Gerhard President, International | Mar 6, 2026 | Tax Withhold | 35,213 | $27.95 | $984.2K | 637.4K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Warner Bros. Discovery, Inc. (WBD) is primarily owned by institutional investors, who hold approximately 66.8% of total shares outstanding. Company insiders own approximately 5.02%, while retail and public investors account for the remaining 28.23%.
The largest institutional shareholder of Warner Bros. Discovery, Inc. is VANGUARD GROUP INC, holding approximately 256.82 million shares — equal to 10.43% of outstanding shares — as of March 31, 2025.
A total of 1,241 institutional investors currently hold WBD stock, with a combined institutional value of approximately $17.93 billion as of the most recent 13F filing period.
Frequently asked questions
WBD ownershipWarner Bros. Discovery, Inc. (WBD) is primarily owned by institutional investors, who hold approximately 66.8% of shares. The largest shareholder is VANGUARD GROUP INC with a 10.43% stake. Company insiders hold 5.02%. Data sourced from SEC Form 13F as of March 31, 2025.