Warner Bros Discovery Inc (WBD) SEC 13F Holdings (Q2 2026) — Net Institutional Activity: $10.0B

WBD ranks #299 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

WBD is a top-conviction position for Symmetry Investments LP — at 29.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in WBD belongs to BlackRock, Inc., but the position matters far more to Symmetry Investments LP, who has 29.5% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

Fisher Funds Management LTD has added to its WBD position for two straight quarters, increasing it by $23.6M to reach $42.7M today.

Thompson Investment Management, Inc. has trimmed its WBD position for two straight quarters, cutting it by $14.0M while still holding $2.0M.

WBD reported a net loss of $3.2B over the trailing twelve months.

• Not yet profitable — net loss of $3.2B over the trailing twelve months
• Revenue declined 6.1% year over year
• Net income declined year over year, from $768.0M to -$3.2B
• Generated $4.3B in positive operating cash flow
• Current ratio of 1.06x — below the conventional 1.5x liquidity buffer
• Liabilities run 1.75x equity — within a conventional range