WBD

Warner Bros. Discovery, Inc.

Sector: telecomEntertainmentNASDAQMarket Cap: $71.29B

Warner Bros. Discovery is a global media and entertainment conglomerate, with its most significant political signal being direct equity holdings by former President Donald J. Trump, valued between $1,001 and $15,000.

Govt Dependence

5/100

Regulatory Density

85/100

Lobbying Intensity

0/100

Political Signal

NEUTRAL

BusinessWhat WBD does

The company operates a diversified media and entertainment portfolio, generating revenue through content production and distribution, direct-to-consumer streaming services, linear television networks, and studio entertainment. Its business model relies on advertising, subscription fees, content licensing, and theatrical releases. It is classified within the telecom sector for regulatory purposes, encompassing broadcasting and digital distribution.

12 months past · 3 months futureWBD activity timeline

Congress

buy sell

Insider · Form 4

open-market buy

Hedge fund · 13F

opened + added − trimmed closed holds

Bills

past action (this ticker) upcoming markup (sector) ★ carveout (this ticker)

240 trading days · 11 congressional trades shown · 0 insider buys · 11 13F filings · 1 past bill actions · 4 upcoming markups

Executive Branch ConflictsWBD held by Trump-administration officials

1 cabinet/senior official reported WBD positions in OGE Form 278 disclosures across 2 filings.

Donald J. Trump

President · White House

Warner Bros. Discovery Inc.

$1,001 - $15,000 · self · 2025

Donald J. Trump

President · White House

Warner Bros. Discovery Inc

None (or less than $1,001) · self · 2025

Lifetime Government AwardsWBD federal contracts

WBD doesn't hold direct federal contracts.

Verified via USASpending.gov: $0 reported in direct prime-contract awards. Companies in this position typically sell federal services indirectly through prime contractors and integrators (e.g., Lockheed Martin, Booz Allen, Microsoft Azure) or through commercial channels that don't appear in USASpending data.

Smart Money · 13F HoldingsHedge funds holding WBD

$1.43B

Total WBD held by tracked 13F funds

Funds with WBD positions

+26

Funds opened this quarter

Citadel Advisors $339M opened 6 overlap 2025-12-31

D.E. Shaw & Co. $285M opened 6 overlap 2025-12-31

Citadel Advisors $152M opened 2025-06-30

D.E. Shaw & Co. $113M opened 2025-09-30

Citadel Advisors $94M opened 2025-09-30

Citadel Advisors $82M opened 2024-12-31

Citadel Advisors $43M opened 2024-09-30

D.E. Shaw & Co. $43M opened 2025-06-30

18 more 13F positions tracked · quarterly delta charts available in member dashboard

Politicians Trading WBDMembers of Congress with recent WBD positions

8 politicians traded WBD across 36 disclosed transactions totaling $720K (last 730 days). Greed score = composite of trade frequency, volume & recency across the politician's entire history (not just WBD). 0-30 LOW · 30-60 MID · 60+ HIGH.

Michael T. McCaul R-Texas · house 4 sells $415K 2024-07-02 LOW · 0 Ro Khanna D-California · house 9 buys 8 sells $136K 2026-01-23 LOW · 0 Jefferson Shreve R-Indiana · house 2 sells $65K 2025-05-12 LOW · 0 Julia Letlow R-Louisiana · house 1 buy 2 sells $24K 2025-12-08 LOW · 1 August Pfluger R-Texas · house 3 sells $24K 2026-02-10 LOW · 1 Gilbert Ray Cisneros D-California · house 2 buys 1 sell $24K 2026-02-10 HIGH · 61 Laurel M. Lee R-Florida · house 2 sells $16K 2024-11-29 LOW · 0 Carol D. Miller R-West Virginia · house 2 sells $16K 2024-08-12 LOW · 0

Congressional TradesWho in Congress is trading WBD

2026-02-10 August Pfluger R-Texas · house Sale $1,001 - $15,000

2026-02-10 Gilbert Ray Cisneros D-California · house Sale $1,001 - $15,000

2026-01-09 Gilbert Ray Cisneros D-California · house Purchase $1,001 - $15,000

2026-01-23 Ro Khanna D-California · house Purchase $1,001 - $15,000

2024-11-01 Julia Letlow R-Louisiana · house Purchase $1,001 - $15,000 438d late

2025-12-08 Julia Letlow R-Louisiana · house Sale $1,001 - $15,000

2025-07-25 Julia Letlow R-Louisiana · house Sale $1,001 - $15,000 172d late

2025-11-18 Gilbert Ray Cisneros D-California · house Purchase $1,001 - $15,000

2025-09-29 Ro Khanna D-California · house purchase $1,001 - $15,000

2025-09-29 Ro Khanna D-California · house Purchase $1,001 - $15,000

2025-05-12 Jefferson Shreve R-Indiana · house Sale $15,001 - $50,000

2025-05-12 Jefferson Shreve R-Indiana · house sale $15,001 - $50,000

30+ trades on file · most recent 2026-03-19

Corporate Insiders · Form 4What CEOs, CFOs, and directors are doing with their own stock

Stock awards & option exercises

stock awards · $164.7M market value

2026-03-27 Price Paula A Director AWARD 1,340 sh $36K

2026-03-27 Noto Anthony Director AWARD 1,063 sh $29K

2026-03-02 Aiyar Priya Chief Legal Officer AWARD 88,747 sh $2.5M

2026-02-24 Perrette Jean-Briac Pres.&CEO, Global Streaming AWARD 455,064 sh $13.3M

2026-02-24 Campbell Bruce Chief Rev & Strategy Officer AWARD 455,064 sh $13.3M

2026-02-24 Wiedenfels Gunnar Chief Financial Officer AWARD 455,064 sh $13.3M

2026-02-24 Zeiler Gerhard President, International AWARD 341,298 sh $9.9M

2026-01-05 Zaslav David Chief Executive Officer & Pres AWARD 1,963,465 sh $56.0M

For WBD, executives receive stock primarily as compensation rather than via open-market purchases — typical for established large-cap firms.

Bills Affecting WBDLive legislation impacting this stock

HR.1765 · 119th

Promoting United States Wireless Leadership Act of 2025

Committee latest action 2025-07-15 MINIMAL

HRES.268 · 119th

Of inquiry requesting the President and directing the Secretary of Defense to transmit information to the House of Representatives

Committee latest action 2025-03-27 MINIMAL

S.1025 · 119th

FCC Legal Enforcement Act

Committee latest action 2025-03-13 MINIMAL

HR.1867 · 119th

To amend title XVIII of the Social Security Act to remove in-person requirements under Medicare for mental health services furnish

Committee latest action 2025-03-05 MINIMAL

HR.1892 · 119th

Wireless Electric Vehicle Charging Grant Program Act of 2025

Committee latest action 2025-03-05 MINIMAL

S.794 · 119th

A bill to require the Assistant Secretary of Commerce for Communications and Information to audit Federal spectrum.

Committee latest action 2025-02-27 MINIMAL

S.792 · 119th

Government Spectrum Valuation Act

Committee latest action 2025-02-27 MINIMAL

HR.7005 · 118th

Rural Broadband Protection Act of 2024

Committee latest action 2024-01-19 MINIMAL

HR.1353 · 118th

Advanced, Local Emergency Response Telecommunications Parity Act

Committee MINIMAL

HR.1377 · 118th

Promoting United States Wireless Leadership Act of 2023

Committee MINIMAL

Political ProfileWhere WBD sits in Washington

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STRUCTURAL: High regulatory density (8 telecom bills) but zero lobbying spend or donations. EVIDENTIARY: Direct executive branch holding (Trump, $1,001-$15,000 bucket) and active congressional trading (13 transactions, 4 unique members, net activity unclear). Net: Notable high-level ownership lacks corroborating structural influence channels.

Regulatory ExposureThreats & opportunities

Regulatory threats

High regulatory density from telecom/media oversight

FCC, FTC, DOJ

"`Recent bill_impacts` shows 8 telecom-sector bills with revenue impacts, indicating active legislative/regulatory attention."

Regulatory opportunities

No specific regulatory opportunities flagged.

Capitol Hill AlliesChampions & critics

Congressional champions

Congressional critics

Member intelligence layer

Live signals + predictions for WBD — for Founders

The free page above gives you the public record. Members see the real-time intelligence layer on top of it:

Live 7-layer signal scores when Congress trades WBD
Bill Pass Index v2 odds for every bill on the watch list
Iron Triangle alerts (committee × donor × trade)
SEC Form 4 cluster detection (CEO + CFO + director buys)
Whale-Opportunity expected-value ranking
Custom watchlist alerts via email + Discord

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Frequently AskedAbout WBD & political exposure

Does Warner Bros. Discovery, Inc. (WBD) hold federal contracts?

No direct prime contracts reported in USASpending.gov for Warner Bros. Discovery, Inc.. Companies in the semiconductor and AI hardware sectors often sell to the federal government via prime contractors and cloud resellers (Microsoft Azure, AWS, Lockheed Martin systems integration) rather than as direct primes.

Which Trump cabinet officials own WBD stock?

1 Trump cabinet members or senior White House staff have disclosed holdings in WBD on their OGE 278 financial disclosures, including Donald J. Trump. See the Cabinet Conflicts panel for details.

Has Congress traded WBD stock?

162 congressional trades by 19 unique members of Congress, most recently on 2026-02-10. See the Congressional Trading panel for politician-by-politician breakdown.

What is WBD political risk profile?

Government dependence: 5/100. Lobbying intensity: 0/100. Political signal: neutral. Donor party split: R 0% / D 0%.

How does GovGreed track WBD political activity?

GovGreed integrates STOCK Act congressional trade disclosures, FEC contributions, OGE executive-branch disclosures, USASpending federal contracts, Senate LDA lobbying filings, and SEC Form 4 corporate insider trades into a single queryable graph. WBD data is updated daily from these official federal sources.