Daniel Loeb's Third Point reported Warner Bros Discovery Inc (WBD) as the largest of its 40 stock positions for 2026 Q2, according to the 13F-HR filed with the SEC on August 14, 2026: 20M shares worth about $533.2M, 11.46% of the portfolio. WBD was not in the book a quarter earlier.
What did the 2026 Q2 filing report for WBD?
As of June 30, 2026, from the 13F-HR filed August 14, 2026.
| Value | |
|---|---|
| Portfolio weight | 11.46% |
| Shares | 20M |
| Reported value | $533.2M |
| Rank in portfolio | 1st of 40 |
| Rank a quarter earlier | not held |
| Largest holding a quarter earlier | AMZN at 19.4% |
| Next largest holding now | AMZN at 8.97% |
How did WBD become the largest holding?
Daniel Loeb opened the position in 2026 Q2. AMZN, the largest holding a quarter earlier at 19.4%, was trimmed to 8.97%, now 2nd. The next largest holding now is AMZN at 8.97%.
Where does WBD sit in the Daniel Loeb portfolio?
WBD is the largest of 40 stock positions in the Daniel Loeb portfolio at 11.46%, above the fund's average stock position of 2%. The WBD purchase was the largest of the quarter's 42 position changes by percent change to portfolio. Across the 2026 Q2 portfolio, Daniel Loeb reported 40 stock positions, with 16 opened and 9 closed. The total portfolio value is about $4.7B, up 123% from the prior quarter.
Did other funds buy or sell WBD in 2026 Q2?
Among the other tracked funds that had filed for 2026 Q2 as of August 14, 2026, 4 hold WBD. Of those, one opened it this quarter. One other tracked fund sold out of it. The largest buyers of WBD this quarter were David Einhorn and Prem Watsa. The largest sellers were Bill Nygren and Independent Franchise Partners. Every tracked holder of WBD is on the WBD ownership page.
FAQ
What is the largest holding in the Daniel Loeb portfolio?
WBD is the largest holding in the Daniel Loeb portfolio as of 2026 Q2, at 11.46% of the reported value.
What was the largest holding of Daniel Loeb a quarter earlier?
AMZN, at 19.4% of the book. AMZN, the largest holding a quarter earlier at 19.4%, was trimmed to 8.97%, now 2nd.
How did WBD become the largest holding of Daniel Loeb?
WBD was not in the book a quarter earlier. Daniel Loeb opened the position in 2026 Q2. AMZN, the largest holding a quarter earlier at 19.4%, was trimmed to 8.97%, now 2nd.
How many WBD shares does Daniel Loeb hold?
Daniel Loeb holds 20M shares of WBD, worth about $533.2M at June 30, 2026 prices.