Warner Music
202 hedge funds and large institutions have $3.16B invested in Warner Music in 2023 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 86 increasing their positions, 64 reducing their positions, and 45 closing their positions.
295% more call options, than puts
Call options by funds: $70.6M | Put options by funds: $17.9M
34% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 64
2.22% more ownership
Funds ownership: 85.41% → 87.63% (+2.2%)
8% less funds holding
Funds holding: 219 → 202 (-17)
20% less capital invested
Capital invested by funds: $3.94B → $3.16B (-$784M)
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
33% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$139M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$96M |
| 3 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
+$80M |
| 4 |
Millennium Management
New York
|
+$55.7M |
| 5 |
DPCM
Darlington Partners Capital Management
Greenbrae,
California
|
+$54.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sands Capital Management
Arlington,
Virginia
|
-$343M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$90M |
| 3 |
Janus Henderson Group
London,
|
-$50.6M |
| 4 |
CAM
Contour Asset Management
New York
|
-$46.5M |
| 5 |
SPC
Slate Path Capital
New York
|
-$42.2M |
WMG Hedge Fund Activity: Q2 2023 in Review
202 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Warner Music (WMG) for Q2 2023, worth a combined $3.16B — down 20% from $3.94B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of WMG and 30 opened new positions — a net loss of 15 holders — while 64 trimmed existing stakes and 86 added.
The largest buyer was Fidelity International, adding an estimated $139M. The largest seller was Sands Capital Management, exiting entirely with an estimated $343M sold.
- 202 institutional investors held Warner Music (WMG) as of Q2 2023, down from 219 in Q1 2023.
- Funds reported $3.16B of Warner Music stock for Q2 2023, down 20% quarter-over-quarter.
- 30 funds opened new Warner Music positions in Q2 2023 and 45 closed out, a net change of -15 holders.
- The largest Warner Music buyer in Q2 2023 was Fidelity International, an estimated $139M added.
- The largest Warner Music seller in Q2 2023 was Sands Capital Management, an estimated $343M sold.
Based on aggregated 13F filings for Q2 2023.