Pentwater Capital Management LP: WARNER BROS DISCOVERY INC (WBD): Quarterly 13F Position History
As of Q1 2026, Pentwater Capital Management LP reported 50,245,000 shares of WARNER BROS DISCOVERY INC (WBD), worth $1.4B and representing 9.8% of its 13F equity book. Quarter-over-quarter share count change: + 4,170,000 (+9.1%) . The position first appeared in Q2 2022 and has been disclosed across 16 13F-HR filings in Pactolio's tracked window.
- 50,245,000Shares Held (Latest Filing)
- $1.4BReported Market Value (Latest Filing)
- 9.8%Portfolio Weight (% of 13F Equity Book)
- +4,170,000Quarter-over-Quarter Share Change
- +$51.8MQuarter-over-Quarter Value Change
- 50,245,000Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 16 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 50,245,000 | +4,170,000 | +9.1% | $1.4B | 9.8% | $27.5 |
| Q4 2025 | 46,075,000 | +19,015,000 | +70.3% | $1.3B | 9.6% | $28.8 |
| Q3 2025 | 27,060,000 | +27,060,000 | — | $528.5M | 4.7% | $19.5 |
| Q2 2025 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2025 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2023 | 0 | 1,000 | -100.0% | $0 | 0.0% | — |
| Q4 2022 | 1,000 | 931,500 | -99.9% | $9.5K | 0.0% | $9.5 |
| Q3 2022 | 932,500 | 635,500 | -40.5% | $10.7M | 0.2% | $11.5 |
| Q2 2022 | 1,568,000 | — | — | $21.0M | 0.4% | $13.4 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Pentwater Capital Management LP first disclose a WBD position in 13F-HR filings?
Pentwater Capital Management LP first reported WARNER BROS DISCOVERY INC (WBD) on its 13F-HR filing for the period ending 2022-06-30 (Q2 2022). The position has appeared on 16 reported quarters within Pactolio's tracked window.
What was Pentwater Capital Management LP's most recent quarter-over-quarter share-count change in WBD?
Between Q4 2025 and Q1 2026, Pentwater Capital Management LP added 4,170,000 shares of WBD (+9.1%), bringing the total reported position to 50,245,000 shares at a market value of $1.4B.
Does the implied price-per-share represent Pentwater Capital Management LP's cost basis in WBD?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.