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Warner Bros
WBD

1,171 hedge funds and large institutions have $17.9B invested in Warner Bros in 2025 Q1 according to their latest regulatory filings, with 111 funds opening new positions, 409 increasing their positions, 415 reducing their positions, and 116 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more funds holding in top 10

Funds holding in top 10: 20 → 28 (+8)

6% more capital invested

Capital invested by funds: $16.9B → $17.9B (+$990M)

2.97% more ownership

Funds ownership: 65.19% → 68.15% (+3%)

1% less repeat investments, than reductions

Existing positions increased: 409 | Existing positions reduced: 415

4% less first-time investments, than exits

New positions opened: 111 | Existing positions closed: 116

6% less call options, than puts

Call options by funds: $450M | Put options by funds: $480M

2% less funds holding

Funds holding: 1,201 → 1,171 (-30)

Holders
1,171
Holders Change
-30
Holders Change %
-2.5%
% of All Funds
15.7%
Holding in Top 10
28
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+40%
% of All Funds
0.38%
New
111
Increased
409
Reduced
415
Closed
116
Calls
$450M
Puts
$480M
Net Calls
-$30.3M
Net Calls Change
-$41.7M

Top Buyers

Rank Fund Capital Flow
1
IFP
Independent Franchise Partners
United Kingdom
+$137M
2
State Street
State Street
Massachusetts
+$128M
3
JP Morgan Chase
JP Morgan Chase
New York
+$118M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$65.8M
5
KBC Group
KBC Group
Belgium
+$65.2M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$94.9M
2
Citigroup
Citigroup
New York
-$62.9M
3
Norges Bank
Norges Bank
Norway
-$54.2M
4
DFO
Duquesne Family Office
New York
-$49.2M
5
SIG
Senator Investment Group
New York
-$44M
Name Holding Trade Value Shares
Change 		Change in
Stake
JFG
1176
Jefferies Financial Group
New York
– -$1.59M -149,960 Closed
LIP
1177
Lighthouse Investment Partners
Florida
– -$1.53M -145,000 Closed
VF
1178
Virtu Financial
New York
– -$1.43M -135,432 Closed
VCM
1179
Voleon Capital Management
California
– -$1.38M -130,427 Closed
AT
1180
AMF Tjänstepension
Sweden
– -$1.32M -124,938 Closed
CDDEC
1181
Caisse Des Depots Et Consignations
France
– -$1.08M -102,094 Closed
CM
1182
Capula Management
Cayman Islands
– -$1.07M -101,181 Closed
UA
1183
Unison Advisors
District of Columbia
– -$946K -89,483 Closed
EAM
1184
Empirical Asset Management
Massachusetts
– -$104K -88,799 Closed
OQS
1185
Occudo Quantitative Strategies
Florida
– -$903K -85,388 Closed
CM
1186
Crestline Management
Texas
– -$853K -80,699 Closed
MAM
1187
Mark Asset Management
New York
– -$828K -78,378 Closed
FF
1188
Friedenthal Financial
New Jersey
– -$774K -73,203 Closed
BC
1189
Bridgefront Capital
Texas
– -$761K -72,007 Closed
EP
1190
Essential Planning
New Hampshire
– -$640K -69,155 Closed
FCM
1191
Fieldview Capital Management
Michigan
– -$703K -66,468 Closed
DC
1192
Diametric Capital
Massachusetts
– -$662K -62,593 Closed
YIH
1193
Y-Intercept (HK)
Hong Kong
– -$605K -57,245 Closed
SRL
1194
Scientech Research LLC
New Jersey
– -$580K -54,890 Closed
FHB
1195
First Hawaiian Bank
Hawaii
– -$564K -53,350 Closed
CCM
1196
CAAS Capital Management
New York
– -$530K -50,100 Closed
BAM
1197
Blueshift Asset Management
New Jersey
– -$462K -43,719 Closed
MC
1198
Machina Capital
France
– -$453K -42,859 Closed
AIA
1199
Angeles Investment Advisors
California
– -$329K -31,116 Closed
MLM
1200
Mount Lucas Management
Pennsylvania
– -$320K -30,228 Closed
46 47
48
49 50

WBD Hedge Fund Activity: Q1 2025 in Review

1,171 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Warner Bros (WBD) for Q1 2025, worth a combined $17.9B — up 5.8% from $16.9B a quarter earlier.

Sellers outnumbered buyers: 116 funds closed out of WBD and 111 opened new positions — a net loss of 5 holders — while 415 trimmed existing stakes and 409 added.

The largest buyer was Independent Franchise Partners, opening a new position worth an estimated $137M. The largest seller was Citadel Advisors, cutting an estimated $94.9M.

  • 1,171 institutional investors held Warner Bros (WBD) as of Q1 2025, down from 1,201 in Q4 2024.
  • Funds reported $17.9B of Warner Bros stock for Q1 2025, up 5.8% quarter-over-quarter.
  • 111 funds opened new Warner Bros positions in Q1 2025 and 116 closed out, a net change of -5 holders.
  • The largest Warner Bros buyer in Q1 2025 was Independent Franchise Partners, an estimated $137M added.
  • The largest Warner Bros seller in Q1 2025 was Citadel Advisors, an estimated $94.9M sold.

Based on aggregated 13F filings for Q1 2025.