Institutional Investors Favor Warner Bros. Discovery: Hedge Fund Activity Revealed

2024-03-12

Warner Bros. Discovery (WBD) was a favored choice among institutional investors, with 1200 hedge funds holding a significant number of shares, totaling 1.5 billion shares. Additionally, 52 ETFs also had a stake in WBD, holding 141 million shares. Some of the top institutional holders included Vanguard Group Inc., BlackRock Inc., and State Street Corp.

During the last quarter, there was notable activity among hedge funds concerning WBD shares. 382 hedge funds were buying WBD, while 579 were selling. Hedge funds sold 122 million shares but bought 93 million shares, with 56 funds doubling their positions and 21 funds selling at least 90% of their WBD shares.

Data from sharkstracker.com provided a data-driven view of the market, offering insights into investor sentiment towards WBD. The platform enabled investors to make informed decisions based on the actions of hedge funds and institutional investors.