Warner Bros. Discovery, Inc.
US ˙ NasdaqGS ˙ US9344231041

SecurityWBD / Warner Bros. Discovery, Inc.
InstitutionNeuberger Berman Group LLC
Latest Disclosed Ownership7,033,087 shares
Latest Disclosed Value $ 193,061,470
Neuberger Berman Group LLC reports 43.52% decrease in ownership of WBD / Warner Bros. Discovery, Inc.

On May 14, 2026 - Neuberger Berman Group LLC filed a 13F-HR form disclosing ownership of 7,033,087 shares of Warner Bros. Discovery, Inc. (US:WBD) valued at $193,128,569 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 12,452,042 shares of Warner Bros. Discovery, Inc.. This represents a change in shares of -43.52% during the quarter. The current value of the position is $189,893,349 USD.

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)
2026-05-14 2026-03-31 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 7,033,087 -5,418,955 -43.52 193,061 -46.21 0.0751
2026-02-13 2025-12-31 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 12,452,042 4,599,675 58.58 358,889 134.02 0.2672
2025-11-12 2025-09-30 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 7,852,367 5,836,952 289.62 153,357 563.99 0.1121
2025-08-25 2025-06-30 13F/A-1 WARNER BROS. DISCOVERY INC SERIES A Common 934423104 2,015,415 1,732,736 612.97 23,097 661.49 0.0178
2025-08-13 2025-06-30 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 2,015,415 1,732,736 23,097 0.0092
2025-05-13 2025-03-31 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 282,679 724 0.26 3,033 1.78 0.0025
2025-02-13 2024-12-31 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 281,955 -44,556 -13.65 2,980 10.66 0.0024
2024-11-14 2024-09-30 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 326,511 75,702 30.18 2,694 44.32 0.0021
2024-11-14 2024-06-30 13F/A-1 WARNER BROS. DISCOVERY INC SERIES A Common 934423104 250,809 31,249 14.23 1,866 -2.61 0.0015
2024-08-13 2024-06-30 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 250,809 31,249 1,866 0.0015
2024-11-14 2024-03-31 13F/A-1 WARNER BROS. DISCOVERY INC SERIES A Common 934423104 219,560 -11,224 -4.86 1,917 -27.04 0.0016
2024-05-13 2024-03-31 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 219,560 -11,224 1,917 0.0016
2024-11-14 2023-12-31 13F/A-2 WARNER BROS. DISCOVERY INC SERIES A Common 934423104 230,784 -66,159 -22.28 2,626 -18.55 0.0023
2024-02-09 2023-12-31 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 230,784 -66,159 2,626 0.0023
2023-11-14 2023-09-30 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 296,943 7,054 2.43 3,225 -11.31 0.0029
2023-08-11 2023-06-30 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 289,889 -2,359,367 -89.06 3,635 -90.91 0.0033
2023-05-12 2023-03-31 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 2,649,256 2,407,971 997.98 40,004 1,649.15 0.0371
2023-02-13 2022-12-31 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 241,285 -36,859 -13.25 2,287 -28.69 0.0022
2022-11-15 2022-09-30 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 278,144 -4,643,100 -94.35 3,207 -95.14 0.0033
2022-08-15 2022-06-30 13F WARNER BROS. DISCOVERY INC SERIES A Common 934423104 4,921,244 4,921,244 65,993 0.0663
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.