Vanguard Group Increases Stake in Warner Bros Discovery Inc

The Vanguard Group has filed a Schedule 13G/A amendment, disclosing an increased ownership in Warner Bros Discovery Inc. As of September 30, 2025, Vanguard holds 281,212,937 shares, representing 11.35% of the company's common stock. This marks a significant increase from their previous holdings, with a value change of $3,305,237,656.65 and a share increase of 18,735,382 shares. The filing indicates that Vanguard's clients, including investment companies and managed accounts, have the right to receive dividends or proceeds from the sale of these securities. The amendment was signed by Ashley Grim, Head of Global Fund Administration, on October 31, 2025.