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Signal dossier · Q2 2026

WBD logoWBD

Warner Bros. Discovery · Communication

Informational only — not investment advice. HoldLens tracks institutional positioning from public 13F filings. We are not a registered investment advisor and do not provide recommendations to buy or sell securities. Our 2026 backtest over 221 ticker-quarter pairs found the ConvictionScore has no predictive signal for forward returns (Pearson r = −0.12). The rankings describe what tracked superinvestors were accumulating or selling at the latest 13F snapshot — useful as market intelligence, not as personal investment advice. 13F data is reported with a 45-day SEC filing lag.
See the backtest →
ConvictionScore · single −100..+100 scale
Net selling
−19
6Q TRIM
on a signed −100 sell scale · Slight selling
0 tracked manager selling. MODERATE selling pattern.
Unified ConvictionScore · −100..+100
Smart money + insider + track record + trend + concentration + contrarian − dissent − crowding
−19
Buy component
+-1
Dissent penalty
−7
Unanimity bonus
0
Quality differential
+0
Info density
+7
Buyers / Sellers
3 / 0
ConvictionScore v5 · 9-layer breakdown
13F superinvestor moves + Form 4 insider trades + 8-K material events. The SEC Signals trilogy.
−19
Smart money (13F)
+7
Insider activity (Form 4)
-7
Track record (CAGR)
-10
Trend streak
+0
Concentration
+9
Contrarian bonus
+0
Event signal (8-K)
-10
− Dissent penalty
−7
− Crowding penalty
−0
Owners: 1·Buyers: 9·Sellers: 14·Buyer-CAGR-weighted expected return: +6.7% ±5.9%·How this is computed
Why this score?
See the 9 factors that produced −19 for WBD

HoldLens's ConvictionScore is the sum of 9 factors clamped to −100/+100. Each factor has a known min/max range; the math is deterministic and reproducible. Every input traces to a public SEC filing. Full methodology →

FactorContribution
Smart money+7
Insider activity-7
Track record-10
Trend streak0
Concentration+9
Contrarian bonus0
8-K events-10
Dissent+7
Crowding0
Sum (clamped −100/+100)−19

How to read: emerald = positive contribution to the buy signal; rose = penalty (sellers, crowded ownership, bearish 8-K events). Hover any factor name in the methodology page for the exact formula. Every number is computed at build time from EDGAR filings — no proprietary opinion layer, no editorial scoring. For WBD specifically: 9 buyers vs 14 sellers among the 30 tracked managers.

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8-quarter activity

Distinct managers buying or selling WBD each quarter — last 2 years.

1 buy moves·6 sell moves·net selling
1
'24 Q1
1
'24 Q2
1
'24 Q3
1
'24 Q4
'25 Q1
1
'25 Q2
1
'25 Q3
1
'25 Q4
'26 Q1
'26 Q2
Buyers (new + add)Sellers (trim + exit)

Ownership breadth · 8 quarters

Breadth flat
+0 owners over 8Q
1
1
1
2
1
2
1
1
1
1
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
Q2 '25
Q3 '25
Q4 '25
Q1 '26
Q2 '26

The number of superinvestors holding this name has been stable for 8 quarters. See the most-owned names across all tracked managers →

Go deeper on the numbers
Fair value, financials and analyst estimates on Simply Wall St →Open the interactive chart on TradingView →
Affiliate links — HoldLens may receive a referral fee at no extra cost to you. This is not a recommendation and does not affect what the data shows. See our affiliate disclosure.

Multi-quarter conviction

Managers who have been moving the same direction on WBD for 2+ consecutive quarters. Streaks matter far more than single-quarter moves — they reveal thesis conviction, not reactive trading.

Consecutive-quarter SELLERS

Smart money activity

Every tracked 13F move on WBD — grouped by quarter, ranked by manager quality.

Smart money activity
9 buys · 14 sells across tracked 13F filings
Net signal: Heavy selling
Q2 2026(3 moves)
Portfolio manager% portfolio
Joel GreenblattElite
Gotham Asset Management
0.00%
Lee AinslieElite
Maverick Capital
11.40%
Prem Watsa
Fairfax Financial
0.10%
Q1 2026(1 move)
Portfolio manager% portfolio
Prem Watsa
Fairfax Financial
0.10%
Q4 2025(2 moves)
Portfolio manager% portfolio
Seth KlarmanTier 1
Baupost Group
10.20%
Joel GreenblattElite
Gotham Asset Management
0.00%
Q3 2025(3 moves)
Portfolio manager% portfolio
Seth KlarmanTier 1
Baupost Group
11.80%
Stanley DruckenmillerTier 1
Duquesne Family Office
0.00%
Joel GreenblattElite
Gotham Asset Management
0.00%
Q2 2025(3 moves)
Portfolio manager% portfolio
Stanley DruckenmillerTier 1
Duquesne Family Office
1.80%
Seth KlarmanTier 1
Baupost Group
13.00%
Joel GreenblattElite
Gotham Asset Management
0.00%
Q1 2025(2 moves)
Portfolio manager% portfolio
Joel GreenblattElite
Gotham Asset Management
0.00%
Stanley DruckenmillerTier 1
Duquesne Family Office
0.00%
Q4 2024(3 moves)
Portfolio manager% portfolio
Stanley DruckenmillerTier 1
Duquesne Family Office
1.30%
Seth KlarmanTier 1
Baupost Group
13.50%
Joel GreenblattElite
Gotham Asset Management
0.00%
Q3 2024(1 move)
Portfolio manager% portfolio
Seth KlarmanTier 1
Baupost Group
14.50%
Q2 2024(1 move)
Portfolio manager% portfolio
Seth KlarmanTier 1
Baupost Group
16.00%
Q1 2024(2 moves)
Portfolio manager% portfolio
Seth KlarmanTier 1
Baupost Group
18.00%
Michael Burry
Scion Asset Management
0.00%

Insider activity

What the company's own executives and directors are doing — buys are highly bullish.

Insider activity (Form 4)
1 buy · 37 sells from corporate insiders
Net: INSIDER SELLING
InsiderValue
YANG GEOFFREY Y
Director
$0
YANG GEOFFREY Y
Director
$0
YANG GEOFFREY Y
Director
$500K
YANG GEOFFREY Y
Director
$3.05M
YANG GEOFFREY Y
Director
$2.42M
Sanchez Daniel E.
Director
$0
Sanchez Daniel E.
Director
$1.37M
Price Paula A
Director
$0
Price Paula A
Director
$1.83M
Noto Anthony
Director
$0
Noto Anthony
Director
$1.41M
Merchant Fazal F
Director
$0
Merchant Fazal F
Director
$744K
LOWE KENNETH W
Director
$0
LOWE KENNETH W
Director
$25K
LOWE KENNETH W
Director
$18.02M
LEVY ANTON J
Director
$0
LEVY ANTON J
Director
$18.14M
LEVIN JOSEPH
Director
$0
LEVIN JOSEPH
Director
$327K
LEE DEBRA L
Director
$0
LEE DEBRA L
Director
$0
LEE DEBRA L
Director
$500K
LEE DEBRA L
Director
$828K
GOULD PAUL A
Director
$0
GOULD PAUL A
Director
$0
GOULD PAUL A
Director
$3.20M
GOULD PAUL A
Director
$3.64M
FISHER RICHARD W
Director
$0
FISHER RICHARD W
Director
$500K
FISHER RICHARD W
Director
$858K
Di Piazza Samuel A Jr.
Director
$0
Di Piazza Samuel A Jr.
Director
$1.84M
Di Piazza Samuel A Jr.
Director
$107K
Di Piazza Samuel A Jr.
Director
$1.19M
Noto Anthony
Director
$0
Locke Lori C.
Chief Accounting Officer
$819K
FISHER RICHARD W
Director
$188K

Latest news

Recent headlines for WBD — context for the moves above.

Who’s betting biggest on WBD

Communication sector →

Each bar is one manager’s position size in WBD as a % of their portfolio. Longer bar = bigger conviction bet. T1 badge marks the highest-quality track records.

Seth KlarmanT1
11.8%
“Media turnaround / streaming consolidation.”

AI thesis

An AI-synthesised investment thesis for WBD, based on the 13F data above. Generated on demand — not stored or pre-computed.

AI thesis
Claude Haiku synthesis of net selling positioning from 1 institutional filers
Powered by Claude Haiku

Generate a 2-paragraph investment thesis synthesising 1 institutional holdings and the -19 conviction score.

Related smart-money signals

Derived from the same 13F filings
Same sector · Communication
Top conviction in this sector
  1. 1.DISThe Walt Disney Company
    +4
  2. 2.LBTYKLiberty Global Class C
    -1
  3. 3.NFLXNetflix
    -1
  4. 4.CMCSAComcast
    -3
  5. 5.SPOTSpotify
    -5
All Communication names →
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The HoldLens signal dossier shows the unified −100..+100 ConvictionScore alongside live prices, multi-quarter trend detection, insider activity, and real-time news. Not investment advice. Methodology.

Sister property: SecFilingDex — the encyclopedic reference for every SEC form variant (13F-HR / 13F-NT / 13F-HR/A) and the regulatory citation behind the data on this page.

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