Warner Bros Discovery Inc
Ownership
Ownership Structure
Who owns Warner Bros Discovery Inc (WBD)? This page shows the largest institutions and funds, the ownership structure and the latest insider transactions. 95.1% of the shares are freely tradable; institutional investors hold 75.5%.
Largest Shareholders
Institutions
| Name | Stake (%) | Shares | Change (%) | Date |
|---|---|---|---|---|
| BlackRock Inc | 7.77 | 194,804,215 | +0.5 | 03/31/2026 |
| Vanguard Capital Management, LLC | 6.26 | 156,908,590 | +0.0 | 03/31/2026 |
| State Street Corp | 5.08 | 127,429,710 | -2.8 | 03/31/2026 |
| Vanguard Portfolio Management, LLC | 4.12 | 103,397,641 | +0.0 | 03/31/2026 |
| Amvescap Plc. | 3.10 | 77,599,161 | -4.7 | 03/31/2026 |
| Geode Capital Management, LLC | 2.79 | 69,939,523 | +5.0 | 03/31/2026 |
| Millennium Management LLC | 2.30 | 57,657,575 | +31.2 | 06/30/2026 |
Funds
| Name | Stake (%) | Shares | Change (%) | Date |
|---|---|---|---|---|
| Vanguard MStar Total Stk Mkt Idx Invest | 3.02 | 75,837,940 | +0.3 | 07/31/2026 |
| Vanguard 500 Index Investor | 2.60 | 65,061,962 | +1.1 | 07/31/2026 |
| Invesco QQQ Trust | 2.15 | 53,931,827 | +0.5 | 08/31/2026 |
Largest reported positions according to regulatory filings; stake as a percentage of shares outstanding, change versus the previous filing. Source: fundamentals data.
Insider holdings
| Person | Role | Shares | Value | As of | Type |
|---|---|---|---|---|---|
| Zaslav David | Chief Executive Officer & Pres | 6,807,934 | 191,983,739 $ | Aug 22, 2024 | both |
| Perrette Jean-Briac | Pres.&CEO, Global Streaming | 1,047,016 | 29,525,851 $ | Aug 27, 2026 | direct |
| Wiedenfels Gunnar | Chief Financial Officer | 691,257 | 19,493,447 $ | Aug 17, 2026 | direct |
| Levy Anton J | Director | 618,067 | 17,429,489 $ | Sep 3, 2026 | direct |
| Lowe Kenneth W | Director | 590,108 | 16,641,046 $ | Sep 10, 2026 | direct |
| Girdwood Amy | Chief People & Culture Officer | 539,374 | 15,210,347 $ | Sep 9, 2026 | direct |
| Zeiler Gerhard | President, International | 537,436 | 15,155,695 $ | Aug 10, 2026 | direct |
| Di Piazza Samuel A Jr. | Director | 130,661 | 3,684,640 $ | Aug 11, 2026 | direct |
| Locke Lori C. | Chief Accounting Officer | 86,906 | 2,450,749 $ | Sep 14, 2026 | direct |
| Fisher Richard W | Director | 52,846 | 1,490,257 $ | Sep 11, 2026 | direct |
| Merchant Fazal F | Director | 33,067 | 932,489 $ | Aug 13, 2026 | direct |
Holdings as of each person's most recent SEC Form 4 filing — excluding options and RSUs, which are not shares yet. Holdings may have changed between two filings.
Insiders
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 14, 2026 | Locke Lori C. | Chief Accounting Officer | Sell | 29,115 | 28.13 | 819,005 |
| Sep 11, 2026 | Fisher Richard W | Director | Sell | 6,700 | 28.06 | 188,002 |
| Sep 10, 2026 | Lowe Kenneth W | Director | Sell | 200,000 | 28.23 | 5,646,000 |
| Sep 9, 2026 | Girdwood Amy | Chief People & Culture Officer | Sell | 262,285 | 27.98 | 7,338,734 |
| Sep 3, 2026 | Levy Anton J | Director | Sell | 340,000 | 28.39 | 9,652,600 |
| Sep 3, 2026 | Lowe Kenneth W | Director | Sell | 200,000 | 28.35 | 5,670,000 |
| Aug 27, 2026 | Perrette Jean-Briac | Pres.&CEO, Global Streaming | Sell | 126,707 | 28.96 | 3,669,435 |
| Aug 17, 2026 | Wiedenfels Gunnar | Chief Financial Officer | Other | 71,455 | 0.00 | – |
| Aug 14, 2026 | Zaslav David | Chief Executive Officer & Pres | Sell | 194,999 | 28.02 | 5,463,872 |
| Aug 14, 2026 | Zaslav David | Chief Executive Officer & Pres | Other | 194,999 | 10.16 | 1,981,190 |
| Aug 13, 2026 | Merchant Fazal F | Director | Sell | 71,539 | 27.75 | 1,985,207 |
| Aug 13, 2026 | Zaslav David | Chief Executive Officer & Pres | Sell | 678,267 | 28.01 | 18,998,259 |
| Aug 13, 2026 | Zaslav David | Chief Executive Officer & Pres | Other | 678,267 | 10.16 | 6,891,193 |
| Aug 13, 2026 | Zaslav David | Chief Executive Officer & Pres | Sell | 94,906 | 28.00 | 2,657,368 |
| Aug 12, 2026 | Fisher Richard W | Director | Sell | 20,000 | 27.46 | 549,200 |
| Aug 11, 2026 | Di Piazza Samuel A Jr. | Director | Other | 82,415 | 27.07 | 2,230,974 |
| Aug 11, 2026 | Lowe Kenneth W | Director | Sell | 120,000 | 26.97 | 3,236,400 |
| Aug 10, 2026 | Zeiler Gerhard | President, International | Sell | 92,691 | 27.02 | 2,504,511 |
| Aug 10, 2026 | Zeiler Gerhard | President, International | Other | 92,691 | 11.02 | 1,021,455 |
| Aug 10, 2026 | Zeiler Gerhard | President, International | Sell | 196,691 | 27.04 | 5,318,525 |
| Aug 10, 2026 | Zeiler Gerhard | President, International | Other | 196,691 | 8.67 | 1,705,311 |
| Aug 10, 2026 | Zeiler Gerhard | President, International | Sell | 201,656 | 27.07 | 5,458,828 |
| Aug 10, 2026 | Zeiler Gerhard | President, International | Other | 201,656 | 15.02 | 3,028,873 |
| Aug 10, 2026 | Zeiler Gerhard | President, International | Sell | 100,000 | 27.06 | 2,706,000 |
| Jul 13, 2026 | Zaslav David | Chief Executive Officer & Pres | Sell | 94,906 | 27.22 | 2,583,341 |
| Jul 13, 2026 | Zaslav David | Chief Executive Officer & Pres | Sell | 2,089,876 | 27.22 | 56,886,425 |
| Jul 13, 2026 | Zaslav David | Chief Executive Officer & Pres | Other | 2,089,876 | 10.16 | 21,233,140 |
| Aug 22, 2024 | Zaslav David | Chief Executive Officer & Pres | Sell | 153 | 7.55 | 1,155 |
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character. View all insider transactions →
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.