Quadrant Capital Group 13F: Exits WBD Stake

Quadrant Capital Group closed out its position in Warner Bros. Discovery Inc (WBD) by selling all 48,427 shares, according to a Form 13F filing with the SEC on October 20, 2026. The complete exit left the fund with zero shares in the entertainment and media company.

WBD Warner Bros. Discovery Inc

$26.74 ▼ -6.21% year to date

1M 3M YTD

Daily close · Jun 26, 2026

Other Institutional Activity in Warner Bros. Discovery Inc

Other large institutional investors also made notable adjustments to their WBD holdings during recent reporting periods. PensionDanmark Pensionsforsikringsaktieselskab closed its position by shedding all 185,307 shares, ending with zero shares valued at $0. Millennium Management Llc grew its holdings by 13,717,950 shares, ending with 57,657,575 shares worth about $1.78 billion. Pentwater Capital Management Lp reduced its stake by 2,667,954 shares, holding 47,576,000 shares valued at roughly $1.47 billion. Citadel Advisors Llc added 15,207,334 shares to grow its portfolio, finishing with 44,587,810 shares worth about $1.38 billion.

Warner Bros. Discovery Inc Stock Holds Steady

The stock recently changed hands around $30.95 as of October 22, 2026, sitting roughly 9.0% above its 50-day moving average and about 11.9% higher than its 200-day moving average. The shares trade near the peak of their 52-week range, which spans from a low of $18.00 to a high of $30.99.

Recent Earnings

Warner Bros. Discovery Inc generated $36.12 billion in trailing-twelve-month revenue. The firm posted a trailing-twelve-month loss of $1.28 per share, alongside an 11.2% year-over-year drop in revenue. Profitability metrics show a net profit margin of -8.8% and a return on equity of -8.8%. The company's next quarterly financial results are scheduled for release on November 5, 2026.

Insider Buying and Selling at Warner Bros. Discovery Inc

Four company insiders completed share sales during September 2026. Amy Girdwood sold 262,285 shares on September 9, 2026, at an average price of $27.98 for a total value of $7,338,734. Kenneth W Lowe sold 200,000 shares on September 10, 2026, at $28.23 per share, totaling $5,646,000. Richard W. Fisher sold 6,700 shares on September 11, 2026, at $28.06 per share, reaching $188,002. Lori C Locke sold 29,115 shares on September 14, 2026, at $28.13 per share, amounting to $819,005.

Analysts Set New Price Targets

Wall Street analysts have split views on the media company. Seaport Global upgraded the stock to a Buy with a $31 price target on June 29, 2026, before moving to a Neutral rating on July 27, 2026. Argus Research reiterated a Buy rating with a $31 target on August 18, 2026, but later downgraded the stock to a Sell on September 29, 2026. Morgan Stanley maintained an Equal-Weight rating while lifting its target from $29 to $31 on September 22, 2026. Overall, the stock carries a consensus hold rating across eight analyst opinions with a mean price target of $30.62.

About Warner Bros. Discovery Inc

Warner Bros. Discovery, Inc. operates as a global media and entertainment enterprise headquartered in New York, New York. The business runs through three main divisions: Streaming, Studios, and Global Linear Networks. Its streaming portfolio features subscription platforms like HBO Max and discovery+, alongside premium television and mobile sports networks.

Bottom Line

Quadrant Capital Group's complete departure from Warner Bros. Discovery Inc highlights changing institutional appetites as the company approaches its next earnings announcement on November 5, 2026. Observers will monitor whether ongoing insider sales and shifting analyst opinions influence broader market sentiment around the entertainment provider.