Warner Bros. Discovery, Inc.
Warner Bros. Discovery, Inc. (WBD) has a dated report snapshot, but its current priced-in claim is temporarily suppressed because the live engine record is unavailable or has changed.
• Warner Bros. Discovery has agreed to be acquired by Paramount Skydance for $31 per share, so the stock now trades as a merger situation, with the price gap to the deal reflecting the risk it does not close. • Underneath the deal sits a media business split between a growing streaming and studios operation, now past 140 million global subscribers, and a declining linear-networks segment the company describes as facing evolving ⟦"content consumption patterns."⟧ • The defining risk is no longer s
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1,269 institutional managers reported holding WBD in 13F filings for the quarter ended 2026-03-31. Together they hold about 70% of the company; the top 10 hold 36%. 132 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 65.8M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (2.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
Open-market insider buys at WBD over the trailing three years: 2023: 3 buys totaling $250.34M; 2024: 2 buys totaling $1.37M; 2025: 3 buys totaling $3.75M. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
WBD's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-06 | +4.5% | -2.7% |
| 2023-08-04 | +11.3% | -26.4% |
| 2023-11-09 | -17.0% | +9.3% |
| 2024-05-10 | +4.5% | -9.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
WBD's latest 8-K filings: 2026-06-12 (items 5.07); 2026-06-04 (items 1.01, 2.03, 9.01); 2026-05-27 (items 1.01, 3.03, 8.01, 9.01); 2026-05-19 (items 8.01, 9.01); 2026-05-06 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 3, 2026
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