Discovery (WBD), his single largest new position of Q2 2026. WBD's Paramount Skydance sale remains pending until mid-2027, while shares have surged 137% over the past year despite $29.7 billion in net debt. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Warner Bros Discovery didn't make the cut.
Grab the names FREE today. Third Point's Dan Loeb opened a brand new stake of 20,000,000 shares of Warner Bros. Discovery (NASDAQ:WBD), valued at $533,200,000, according to the fund's Q2 2026 13F disclosure.
It was the single largest new position Loeb established in the quarter, built from zero. Two other prominent managers joined him. In the same three-month window, David Einhorn's Greenlight Capital and George Soros's Soros Fund Management were also buyers of Warner Bros.
Positions are dated as of June 30, 2026 and were filed August 13-14, 2026. That's an unusual alignment. Activist, value, and macro schools rarely converge on the same media stock in the same quarter.
Warner Bros Discovery is far from a widely held Magnificent 7 stock. Let's see why some of the biggest names in investing are all piling in. New position: 20,000,000 shares valued at $533,200,000.
Built from zero and Loeb's largest new bet of the quarter. David Einhorn / Greenlight Capital. New position: 2,246,180 shares valued at $59,883,158.
Extract — continue reading at the source.
