Warner Music Group

WMG • NASDAQ

Warner Music Group is a entertainment company in the communication services sector on NASDAQ, led by Eric Levin, with a market cap of $14.5B. As of Q3 2025, 29% of shares are held by 293 institutional investors, with VANGUARD GROUP INC as the largest holder at 3.24%.

Chief Executive OfficerEric Levin

Market Cap$14.5B

Entertainment

Communication Services

Employees5.9K

Websitewmg.com

Country

United States of America

Overview

Overview of institutional ownership in WMG as of Q3 2025 with a market cap of $17.8B

All Institutions

Institutions: 293
Value Held: $5.2B
Shares Held: 152.2M
Avg Position: $17.7M
Median Position: $742.5K

Hedge Funds

Hedge Funds: 41
Value Held: $1.1B
Shares Held: 31.3M
Avg Position: $26.0M
Median Position: $2.5M

Ownership Breakdown

Institutional (non-HF)

23.19%

$4.1B

Hedge Funds

6.01%

$1.1B

Retail & Other

70.8%

$12.6B

Based on market cap of $17.8B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in WMG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$576.1M 0.01% of portfolio	3.24% 16.9M shares	Q2 2020 Held for 5y 5m	$6.69T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$492.0M 0.03% of portfolio	2.77% 14.4M shares	Q2 2020 Held for 5y 5m	$1.56T
Independent Franchise Partners LLP Long Only Manager	Jayson Ian Vowles Managing Partner	$448.0M 2.95% of portfolio	2.52% 13.2M shares	Q2 2024 Held for 1y 5m	$15.2B
DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP Hedge Fund•Value	Mina Fahmy Iskander CFO	$408.6M 13.79% of portfolio	2.30% 12.0M shares	Q4 2021 Held for 3y 11m	$3.0B
B BlackRock, Inc. Institution	-	$317.2M 0.01% of portfolio	1.79% 9.3M shares	Q2 2020 Held for 5y 5m	$5.67T
BARROW HANLEY MEWHINNEY & STRAUSS LLC Long Only Manager	Cory Lawrence Martin CEO	$303.6M 0.97% of portfolio	1.71% 8.9M shares	Q3 2024 Held for 1y 2m	$31.4B
D Darsana Capital Partners LP Hedge Fund•Long/Short	Anand Kishor Desai Managing Partner	$212.9M 4.65% of portfolio	1.20% 6.3M shares	Q3 2024 Held for 1y 2m	$4.6B
F FIL Ltd Institution	-	$198.7M 0.16% of portfolio	1.12% 5.8M shares	Q3 2022 Held for 3y 2m	$127.75B
COOKE & BIELER LP Long Only Manager	Edward W O'Connor Partner	$179.0M 1.85% of portfolio	1.01% 5.3M shares	Q4 2022 Held for 2y 11m	$9.7B
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$108.4M 0.09% of portfolio	0.61% 3.2M shares	Q3 2020 Held for 5y 2m	$121.98B

Net Capital Flow

Institutional buying and selling activity for WMG in Q3 2025

Traded: +$202.0M
Buyers: 174
Sellers: 120
Total Bought: +$798.6M
Total Sold: −$596.6M
Avg Position: $15.6M

Biggest Buyers

Institution	Net Bought	Current Position
THRIVENT FINANCIAL FOR LUTHERANS Insurance Manager	+$72.9M +2.1M shares	$74.0M 2.2M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$69.5M +2.0M shares	$108.4M 3.2M shares
VANGUARD GROUP INC Institution	+$62.6M +1.8M shares	$576.1M 16.9M shares
BARCLAYS PLC Institution	+$62.1M +1.8M shares	$63.4M 1.9M shares
UBS Group AG Institution	+$40.2M +1.2M shares	$75.8M 2.2M shares
R ROYAL BANK OF CANADA Institution	+$37.4M +1.1M shares	$87.2M 2.6M shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	+$36.8M +1.1M shares	$36.8M 1.1M shares
Engineers Gate Manager LP Hedge Fund•Quant	+$33.0M +970.2K shares	$42.8M 1.3M shares
M Meridiem Capital Partners LP Hedge Fund•Long/Short	+$29.7M +871.8K shares	$29.7M 871.8K shares
GOLDMAN SACHS GROUP INC Institution	+$28.9M +849.3K shares	$62.3M 1.8M shares

Biggest Sellers

Institution	Net Sold	Current Position
Mawer Investment Management Ltd. Long Only Manager	−$240.4M −7.1M shares	$10.7M 314.1K shares
D Darsana Capital Partners LP Hedge Fund•Long/Short	−$59.6M −1.8M shares	$212.9M 6.3M shares
Jain Global LLC Hedge Fund•Multi-Strategy	−$36.7M −1.1M shares	$32.3M 946.9K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$31.8M −934.6K shares	$39.4M 1.2M shares
HARRIS ASSOCIATES L P Long Only Manager	−$23.5M −688.8K shares	$70.5M 2.1M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$22.6M −830.9K shares	Sold Off 0 shares
Artisan Partners Limited Partnership Long Only Manager	−$18.7M −549.1K shares	$50.3M 1.5M shares
C Covalis Capital LLP Institution	−$15.4M −566.6K shares	Sold Off 0 shares
JPMORGAN CHASE & CO Institution	−$14.7M −431.2K shares	$492.0M 14.4M shares
Marshall Wace LLP Institution	−$13.3M −391.1K shares	$3.6M 105.5K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited WMG in Q3 2025

New Positions: 36
New Value: $100.7M
Exited Positions: 39
Exited Value: $85.1M

New Positions

Institution	Position Value
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$36.8M 1.1M shares
M Meridiem Capital Partners LP Hedge Fund•Long/Short	$29.7M 871.8K shares
WESTWOOD HOLDINGS GROUP INC Institution	$25.3M 742.7K shares
F Fieldview Capital Management, LLC Hedge Fund•Long/Short	$1.5M 44.5K shares
STANCE CAPITAL LLC Long Only Manager	$1.4M 40.0K shares
ISAM Funds Ltd Hedge Fund•Quant	$877.7K 25.8K shares
L LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA RIA/Wealth	$863.8K 25.9K shares
PEAK FINANCIAL ADVISORS LLC RIA/Wealth	$835.8K 24.5K shares
I INCEPTIONR LLC Hedge Fund•Quant	$497.6K 14.6K shares
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$465.5K 13.7K shares

Exited Positions

Institution	Previous Position
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$22.6M 830.9K shares
C Covalis Capital LLP Institution	$15.4M 566.6K shares
Q Qube Research & Technologies Ltd Institution	$6.7M 245.7K shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$5.0M 182.6K shares
A ALPS ADVISORS INC ETF Provider	$4.7M 173.9K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$4.7M 172.2K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$3.6M 132.6K shares
FIRST TRUST ADVISORS LP ETF Provider	$3.0M 111.9K shares
Jackson Square Partners, LLC Long Only Manager	$2.4M 88.0K shares
MACKENZIE FINANCIAL CORP Long Only Manager	$2.4M 87.9K shares

Options Activity

Institutions with the largest Call and Put options positions in WMG as of Q3 2025

Call Positions: 8
Call Value: $58.2M
Put Positions: 6
Put Value: $7.9M

Call Positions

Institution	Position Value
J JANE STREET GROUP, LLC Institution	$23.9M 7.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$17.3M 5.1K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$9.4M 2.8K contracts
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$4.9M 1.4K contracts
W WOLVERINE TRADING, LLC Institution	$1.7M 507.0 contracts
Walleye Trading LLC RIA/Wealth	$902.6K 265.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$57.9K 17.0 contracts
P PEAK6 LLC Institution	- - contracts

Put Positions

Institution	Position Value
BANK OF AMERICA CORP /DE/ Institution	$3.4M 1.0K contracts
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$1.8M 526.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.1M 319.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$780.0K 229.0 contracts
Walleye Trading LLC RIA/Wealth	$674.4K 198.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$160.1K 47.0 contracts

Most Committed Institutions

Institutions with WMG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP Hedge Fund•Value	Mina Fahmy Iskander CFO	13.79% $408.6M	2.30% 12.0M shares	Q4 2021 Held for 3y 11m	$3.0B
D Darsana Capital Partners LP Hedge Fund•Long/Short	Anand Kishor Desai Managing Partner	4.65% $212.9M	1.20% 6.3M shares	Q3 2024 Held for 1y 2m	$4.6B
HAHN CAPITAL MANAGEMENT LLC Long Only Manager	John David Schaeffer President	3.97% $8.3M	0.05% 243.1K shares	Q4 2023 Held for 1y 11m	$208.7M
Colony Capital, Inc. Institution	Marc Ganzi CEO	3.17% $38.7M	0.22% 1.1M shares	Q4 2022 Held for 2y 11m	$1.2B
Independent Franchise Partners LLP Long Only Manager	Jayson Ian Vowles Managing Partner	2.95% $448.0M	2.52% 13.2M shares	Q2 2024 Held for 1y 5m	$15.2B
FAIRVIEW CAPITAL INVESTMENT MANAGEMENT RIA/Wealth	Maria-Elena Morelli Roner Member	2.57% $50.6M	0.28% 1.5M shares	Q2 2020 Held for 5y 5m	$2.0B
RBO & CO LLC RIA/Wealth	John Mason Oliver Managing Partner	2.50% $15.1M	0.09% 444.5K shares	Q3 2020 Held for 5y 2m	$605.0M
M Meridiem Capital Partners LP Hedge Fund•Long/Short	Mohammed Khalid Malik Founder	2.05% $29.7M	0.17% 871.8K shares	Q3 2025 Held for 2 months	$1.5B
COOKE & BIELER LP Long Only Manager	Edward W O'Connor Partner	1.85% $179.0M	1.01% 5.3M shares	Q4 2022 Held for 2y 11m	$9.7B
Arlington Partners LLC RIA/Wealth	Kenneth Howell Polk CEO	1.81% $5.2M	0.03% 153.4K shares	Q2 2025 Held for 5 months	$289.4M

Hedge Fund Spotlight

Discover hedge funds investing in WMG

Trexquant Investment LP

Hedge Fund • Quant

Portfolio ManagerTaesoon (Tyger) Park

Portfolio Value: $9.7B
Positions: 1,540
Last Reported: Q3 2025

Sector Allocation

Position in Warner Music Group

Market Value: $1.6M
Shares Held: 48.0K
Portfolio Weight: 0.02%
Owned Since: 2025-Q3

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