13FPulse
中
WB

WBD WARNER BROS DISCOVERY INC

2026Q2 · CUSIP 934423104 · Streaming · Sector: Media & Telecom

Normal

Fund flows are within the usual range

Funds that own it
1,276
Institutions that reported holding it to the SEC
Net decrease in holders
36
Last quarter 1,312 → now 1,276
How unusual is that
Bottom 20%
Stronger than only 4% of US stocks
What the filings say, in one paragraph

1,276 funds held WBD at the end of 2026Q2, down 36 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $36.1B(YoY -6.0%), return on equity is -9.6%. WBD has had 3 buying rushes in its history, and the price moved -10.0% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Media & Telecom sector, tagged Streaming.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2016Q2: holders=1 2016Q4: holders=1 2018Q2: holders=1 2018Q3: holders=1 2018Q4: holders=1 2019Q4: holders=1 2020Q1: holders=2 2020Q2: holders=3 2020Q3: holders=2 2020Q4: holders=3 2021Q1: holders=3 2021Q2: holders=4 2021Q3: holders=3 2021Q4: holders=2 2022Q1: holders=12 2022Q2: holders=1470 2022Q3: holders=1391 2022Q4: holders=1314 2023Q1: holders=1272 2023Q2: holders=1278 2023Q3: holders=1232 2023Q4: holders=1259 2024Q1: holders=1215 2024Q2: holders=1196 2024Q3: holders=1149 2024Q4: holders=1203 2025Q1: holders=1173 2025Q2: holders=1160 2025Q3: holders=1155 2025Q4: holders=1322 2026Q1: holders=1312 2026Q2: holders=1276 -1458 -729 +0 +729 +1458 07721544 16Q218Q420Q321Q322Q323Q324Q325Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 3 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q4 Top 5% -4.1% -3.9%
2024Q4 Top 10% +2.1% -11.4%
2022Q2 Top 1% in the market -9.9% -14.6%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
316
Change in large funds
+18
Total value they hold
$51.6B
Funds buying for the first time
113
Funds that sold out entirely
149
Price change that quarter
+4.8%
Funds holding puts (bearish)
53
Funds holding calls (bullish)
52

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
—
EPS (TTM)
$-1.27
EPS YoY
-523.3%
Revenue (TTM)
$36.1B
Revenue YoY
-6.0%
Net margin
-8.8%
ROE
-9.6%
Debt ratio
65.0%
FCF (TTM)
$2.2B
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2022-06-30: EPS -1.50 2022-09-30: EPS -0.95 2022-12-31: EPS -2.06 2023-03-31: EPS -0.44 2023-06-30: EPS -0.51 2023-09-30: EPS -0.17 2023-12-31: EPS -0.16 2024-03-31: EPS -0.40 2024-06-30: EPS -4.07 2024-09-30: EPS 0.05 2024-12-31: EPS -0.20 2025-03-31: EPS -0.18 2025-06-30: EPS 0.63 2025-09-30: EPS -0.06 2025-12-31: EPS -0.10 2026-03-31: EPS -1.17 2026-06-30: EPS 0.06 0B 5.5B 11.0B $B -4.48 -1.89 0.69 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
36 81 127 20252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-930M1.2B3.3B 20162017201820192020202120222023202420252026
Latest quarter $-476M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.