Hussman Strategic Advisors’s Warner Bros WBD Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-105,000	Closed	-$2.05M	–	364
2025 Q3	$2.05M	Sell	105,000 -105,000	-50%	-$1.43M	0.44%	95
2025 Q2	$2.41M	Buy	+210,000	New	+$1.96M	0.55%	69
2023 Q4	–	Sell	-93,000	Closed	-$1.01M	–	300
2023 Q3	$1.01M	Hold	93,000	–	–	0.19%	196
2023 Q2	$1.17M	Hold	93,000	–	–	0.21%	194
2023 Q1	$1.4M	Sell	93,000 -49,578	-35%	-$706K	0.22%	181
2022 Q4	$1.35M	Hold	142,578	–	–	0.22%	170
2022 Q3	$1.64M	Hold	142,578	–	–	0.28%	145
2022 Q2	$1.91M	Buy	142,578 +12,578	+10%	+$233K	0.33%	109
2022 Q1	$3.24M	Hold	130,000	–	–	0.63%	41
2021 Q4	$3.06M	Buy	130,000 +52,000	+67%	+$1.29M	0.67%	31
2021 Q3	$1.98M	Buy	78,000 +16,000	+26%	+$450K	0.44%	90
2021 Q2	$1.9M	Buy	+62,000	New	+$2.15M	0.39%	96
2020 Q2	–	Sell	-75,000	Closed	-$1.46M	–	316
2020 Q1	$1.46M	Buy	+75,000	New	+$2.06M	0.39%	96
2019 Q4	–	Sell	-75,000	Closed	-$2M	–	238
2019 Q3	$2M	Hold	75,000	–	–	0.57%	68
2019 Q2	$2.3M	Buy	+75,000	New	+$2.18M	0.64%	62