CAPSTONE INVESTMENT ADVISORS, LLC
Position in WBD — Warner Bros. Discovery, Inc.
CIK 1426196
NEW YORK, NY
Position in WBD
as of Jun 30, 2026
· filed Aug 17, 2026
Position Value
$90,777,300
-$189,452,000 QoQ
Shares Held
3,405,000
-66.6% QoQ
Ownership
0.136%
of shares outstanding
% of Portfolio
1.04%
of 13F equity value
Holder Rank
#80
of 1,306 holders
Holding Since
Jun 2022
17 quarters on record
Voting authority
Sole 0%
Shared 100%
None 0%
Common Shares in WBD Over Time
Shares Held
Position Value (USD)
Derivatives in WBD
reported options exposure · as of Jun 30, 2026CallValue
$863,784
CallShares
32,400
PutValue
$58,438,720
PutShares
2,192,000
Notional value of option positions as reported on Form 13F. Calls and puts are disclosed separately and do not net against the common-share stake above.
Position in Entertainment
Communication Services · as of Jun 30, 2026CAPSTONE INVESTMENT ADVISORS, LLC holds $207,720,408 across 12 Entertainment names. WBD ranks #1 (43.7% of the industry book) .
| # | Ticker | Company | Shares | Value (USD) | Open |
|---|---|---|---|---|---|
| 1 | WBD |
Warner Bros. Discovery, Inc.
This page
|
3,405,000 | $90,777,300 | |
| 2 | ROKU |
Roku, Inc
|
320,000 | $44,204,800 | |
| 3 | NFLX |
Netflix Inc
|
529,559 | $37,810,512 | |
| 4 | FOXA |
Fox Corp
|
299,700 | $14,037,948 | |
| 5 | LLYVA |
Liberty Live Holdings, Inc.
|
81,562 | $8,546,129 | |
| 6 | DIS |
Walt Disney Co
|
57,044 | $5,490,485 | |
| 7 | FWONA |
Liberty Media Corp
|
44,885 | $4,118,358 | |
| 8 | CNK |
Cinemark Holdings, Inc.
|
30,647 | $972,429 |
All Filings in WBD
Export CSV
50 filing rows on record
| Report Date | Value (USD) | Shares | Type | Discretion | Filed | |
|---|---|---|---|---|---|---|
| 2026-06-30 | $90,777,300 | 3,405,000 | Shares | Defined | 2026-08-17 | |
| 2026-06-30 | $58,438,720 | 2,192,000 | Put | Defined | 2026-08-17 | |
| 2026-06-30 | $863,784 | 32,400 | Call | Defined | 2026-08-17 | |
| 2026-03-31 | $253,148,248 | 9,218,800 | Put | Defined | 2026-05-15 | |
| 2026-03-31 | $280,229,300 | 10,205,000 | Shares | Defined | 2026-05-15 | |
| 2026-03-31 | $1,493,824 | 54,400 | Call | Defined | 2026-05-15 | |
| 2025-12-31 | $107,279,568 | 3,722,400 | Put | Defined | 2026-02-17 | |
| 2025-12-31 | $2,521,750 | 87,500 | Call | Defined | 2026-02-17 | |
| 2025-12-31 | $108,075,000 | 3,750,000 | Shares | Defined | 2026-02-17 | |
| 2025-09-30 | $1,751,841 | 89,700 | Call | Defined | 2025-11-14 | |
| 2025-09-30 | $5,439,105 | 278,500 | Put | Defined | 2025-11-14 | |
| 2025-06-30 | $2,155,626 | 188,100 | Put | Defined | 2025-08-14 | |
| 2025-06-30 | $902,887 | 78,786 | Shares | Defined | 2025-08-14 | |
| 2025-06-30 | $665,826 | 58,100 | Call | Defined | 2025-08-14 | |
| 2025-03-31 | $3,279,088 | 305,600 | Put | Sole | 2025-05-15 | |
| 2025-03-31 | $358,382 | 33,400 | Call | Sole | 2025-05-15 | |
| 2025-03-31 | $1,111,316 | 103,571 | Shares | Sole | 2025-05-15 | |
| 2024-12-31 | $6,933,920 | 656,000 | Put | Sole | 2025-02-14 | |
| 2024-12-31 | $2,130,489 | 201,560 | Shares | Sole | 2025-02-14 | |
| 2024-12-31 | $860,398 | 81,400 | Call | Sole | 2025-02-14 | |
| 2024-09-30 | $2,075,238 | 251,544 | Shares | Sole | 2024-11-14 | |
| 2024-09-30 | $4,208,325 | 510,100 | Put | Sole | 2024-11-14 | |
| 2024-09-30 | $422,400 | 51,200 | Call | Sole | 2024-11-14 | |
| 2024-06-30 | $3,418,680 | 459,500 | Put | Sole | 2024-08-14 | |
| 2024-06-30 | $2,224,061 | 298,933 | Shares | Sole | 2024-08-14 | |
| 2024-06-30 | $353,400 | 47,500 | Call | Sole | 2024-08-14 | |
| 2024-03-31 | $1,657,827 | 189,900 | Put | Sole | 2024-05-01 | |
| 2024-03-31 | $1,152,141 | 131,975 | Shares | Sole | 2024-05-01 | |
| 2024-03-31 | $414,675 | 47,500 | Call | Sole | 2024-05-01 | |
| 2023-12-31 | $2,022,521 | 177,726 | Shares | Sole | 2024-02-12 | |
| 2023-12-31 | $1,049,236 | 92,200 | Call | Sole | 2024-02-12 | |
| 2023-12-31 | $4,491,686 | 394,700 | Put | Sole | 2024-02-12 | |
| 2023-09-30 | $535,398 | 49,300 | Call | Sole | 2023-11-13 | |
| 2023-09-30 | $3,533,844 | 325,400 | Put | Sole | 2023-11-13 | |
| 2023-09-30 | $1,796,678 | 165,440 | Shares | Sole | 2023-11-13 | |
| 2023-06-30 | $1,199,313 | 95,639 | Shares | Sole | 2023-08-10 | |
| 2023-06-30 | $3,886,146 | 309,900 | Put | Sole | 2023-08-10 | |
| 2023-06-30 | $721,050 | 57,500 | Call | Sole | 2023-08-10 | |
| 2023-03-31 | $4,228,000 | 280,000 | Put | Sole | 2023-05-09 | |
| 2023-03-31 | $523,728 | 34,684 | Shares | Sole | 2023-05-09 | |
| 2023-03-31 | $801,810 | 53,100 | Call | Sole | 2023-05-09 | |
| 2022-12-31 | $103,332 | 10,900 | Put | Sole | 2023-02-10 | |
| 2022-12-31 | $62,568 | 6,600 | Call | Sole | 2023-02-10 | |
| 2022-12-31 | $1,419,573 | 149,744 | Shares | Sole | 2023-02-10 | |
| 2022-09-30 | $331,200 | 28,800 | Put | Sole | 2022-11-10 | |
| 2022-09-30 | $1,806,696 | 157,104 | Shares | Sole | 2022-11-10 | |
| 2022-09-30 | $75,900 | 6,600 | Call | Sole | 2022-11-10 | |
| 2022-06-30 | $143,594 | 10,700 | Call | Sole | 2022-08-15 | |
| 2022-06-30 | $1,245,376 | 92,800 | Put | Sole | 2022-08-15 | |
| 2022-06-30 | $164,703 | 12,273 | Shares | Sole | 2022-08-15 | |
| No filing history on record for this holder in this stock. | ||||||