Warner Music Group
Ownership
Ownership Structure
Who owns Warner Music Group (WMG)? This page shows the largest institutions and funds, the ownership structure and the latest insider transactions. 99.0% of the shares are freely tradable; institutional investors hold 109.8%.
Largest Shareholders
Institutions
| Name | Stake (%) | Shares | Change (%) | Date |
|---|---|---|---|---|
| Independent Franchise Partners LLP | 2.48 | 12,997,804 | -0.3 | 06/30/2026 |
| Darsana Capital Partners LP | 2.28 | 11,943,199 | +0.8 | 06/30/2026 |
| JPMorgan Chase & Co | 2.14 | 11,188,756 | -18.4 | 06/30/2026 |
| BlackRock Inc | 1.95 | 10,209,746 | +5.7 | 06/30/2026 |
| Barrow Hanley Mewhinney & Strauss LLC | 1.70 | 8,909,122 | -3.8 | 06/30/2026 |
| Darlington Partners Capital Management, LP | 1.28 | 6,705,884 | -11.2 | 06/30/2026 |
| Vanguard Capital Management, LLC | 1.19 | 6,221,543 | -0.3 | 06/30/2026 |
| Vanguard Portfolio Management, LLC | 1.13 | 5,885,298 | -0.1 | 06/30/2026 |
| Fidelity International Ltd | 1.11 | 5,827,313 | -0.8 | 06/30/2026 |
Funds
| Name | Stake (%) | Shares | Change (%) | Date |
|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 1.02 | 5,310,418 | +0.1 | 10/30/2026 |
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 |
|---|---|---|---|---|---|
| Lynton Michael | Director | 53,886 | 1,740,518 $ | Sep 1, 2026 | direct |
| Kreiz Ynon | Director | 36,910 | 1,192,193 $ | Sep 1, 2026 | indirect |
| Kurzman Cecelia | Director | 34,338 | 1,109,117 $ | Sep 1, 2026 | direct |
| Hertz Noreena | Director | 30,693 | 991,384 $ | Sep 1, 2026 | direct |
| Dopfner Mathias | Director | 30,693 | 991,384 $ | Sep 1, 2026 | direct |
| Dubuc Nancy | Director | 29,989 | 968,645 $ | Sep 1, 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 1, 2026 | Hertz Noreena | Director | Other | 45 | 0.00 | – |
| Sep 1, 2026 | Kreiz Ynon | Director | Other | 45 | 0.00 | – |
| Sep 1, 2026 | Dubuc Nancy | Director | Other | 45 | 0.00 | – |
| Sep 1, 2026 | Kurzman Cecelia | Director | Other | 84 | 0.00 | – |
| Sep 1, 2026 | Dopfner Mathias | Director | Other | 45 | 0.00 | – |
| Sep 1, 2026 | Lynton Michael | Director | Other | 122 | 0.00 | – |
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: November 13, 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.