Warner Bros. Discovery, Inc.
MX ˙ BMV ˙ US9344231041
SecurityMX:WBD / Warner Bros. Discovery, Inc.
InstitutionEmpowered Funds, LLC
Latest Disclosed Ownership177,215 shares
Latest Disclosed Value $ 4,866,324
Empowered Funds, LLC reports 55.48% decrease in ownership of WBD / Warner Bros. Discovery, Inc.

On May 15, 2026 - Empowered Funds, LLC filed a 13F-HR form disclosing ownership of 177,215 shares of Warner Bros. Discovery, Inc. (MX:WBD) valued at $4,866,324 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 398,017 shares of Warner Bros. Discovery, Inc.. This represents a change in shares of -55.48% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F WARNER BROS DISCOVERY COM SER A 934423104 177,215 -220,802 -55.48 4,866 -57.58 0.0136
2026-02-11 2025-12-31 13F WARNER BROS DISCOVERY COM SER A 934423104 398,017 308,727 345.76 11,471 558.06 0.0913
2025-11-13 2025-09-30 13F WARNER BROS DISCOVERY COM SER A 934423104 89,290 11,863 15.32 1,744 96.51 0.0176
2025-08-11 2025-06-30 13F WARNER BROS DISCOVERY COM SER A 934423104 77,427 12,345 18.97 887 27.08 0.0100
2025-05-16 2025-03-31 13F WARNER BROS DISCOVERY COM SER A 934423104 65,082 3,779 6.16 698 7.88 0.0099
2025-01-28 2024-12-31 13F WARNER BROS DISCOVERY COM SER A 934423104 61,303 2,949 5.05 648 34.51 0.0095
2024-11-06 2024-09-30 13F WARNER BROS DISCOVERY COM SER A 934423104 58,354 2,901 5.23 481 16.75 0.0076
2024-07-30 2024-06-30 13F WARNER BROS DISCOVERY COM SER A 934423104 55,453 2,562 4.84 413 -10.63 0.0071
2024-05-07 2024-03-31 13F/A-1 WARNER BROS DISCOVERY COM SER A 934423104 52,891 29,330 124.49 462 72.01 0.0083
2024-05-06 2024-03-31 13F WARNER BROS DISCOVERY COM SER A 934423104 52,891 29,330 462 0.0040
2024-02-14 2023-12-31 13F WARNER BROS DISCOVERY COM SER A 934423104 23,561 4,350 22.64 268 28.85 0.0067
2023-11-01 2023-09-30 13F WARNER BROS DISCOVERY COM SER A 934423104 19,211 3,433 21.76 209 5.58 0.0062
2023-07-27 2023-06-30 13F WARNER BROS DISCOVERY COM SER A 934423104 15,778 5,629 55.46 198 28.76 0.0070
2023-04-05 2023-03-31 13F WARNER BROS DISCOVERY COM SER A 934423104 10,149 -265 -2.54 153 56.12 0.0090
2023-02-21 2022-12-31 13F/A-1 VIRTUS DIVERSIFIED INCM COM 934423104 10,414 10,414 99 0.0065
2023-01-26 2022-12-31 13F VIRTUS DIVERSIFIED INCM COM 934423104 10,414 10,414 0 0.0065
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.