Warner Music Group Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:WA4 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
14 Feb 25	Sell€38,317	Timothy Matusch	Individual	1,103	€34.74
12 Feb 25	Sell€214,527	Maria Osherova	Individual	6,553	€32.74
20 Dec 24	Sell€1,040,256	Lincoln Benet	Individual	35,000	€29.72
11 Sep 24	Sell€6,397,453	Max Lousada	Individual	250,769	€25.51
10 Sep 24	Sell€11,080,381	Max Lousada	Individual	436,193	€25.62
05 Sep 24	Sell€6,295,297	Max Lousada	Individual	247,505	€25.48

Insider Trading Volume

Insider Buying: WA4 insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of WA4?
Owner Type	Number of Shares	Ownership Percentage
State or Government	48,628	0.00922%
Individual Insiders	2,777,059	0.527%
Institutions	161,106,664	30.6%
Private Companies	363,402,357	68.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 95.86% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
69.8%	AI Entertainment Holdings LLC	363,402,357	€12.5b	187%	no data
2.64%	Capital Research and Management Company	13,734,942	€473.7m	0.67%	0.02%
2.51%	The Vanguard Group, Inc.	13,062,688	€450.5m	-5.14%	0.01%
1.99%	Darlington Partners Capital Management, LP	10,370,280	€357.6m	16.9%	12.97%
1.95%	JP Morgan Asset Management	10,133,235	€349.5m	27.8%	0.04%
1.86%	Access Industries, Inc.	9,685,799	€334.0m	-96.1%	5.0%
1.75%	BlackRock, Inc.	9,112,095	€314.3m	5.99%	no data
1.64%	Perpetual Limited	8,552,796	€295.0m	42%	0.91%
1.57%	Mawer Investment Management Ltd.	8,193,577	€282.6m	-0.29%	0.66%
1.15%	Darsana Capital Partners LP	6,000,000	€206.9m	7,210%	6.27%
1.13%	Independent Franchise Partners, LLP	5,895,025	€203.3m	16.6%	1.19%
1.13%	Cooke & Bieler, L.P.	5,891,179	€203.2m	-2.1%	2.0%
1.07%	Fidelity International Ltd	5,568,446	€192.0m	0.25%	0.08%
0.83%	AKO Capital LLP	4,323,994	€149.1m	-37%	2.46%
0.78%	Harris Associates L.P.	4,046,002	€139.5m	-2.07%	0.17%
0.62%	Caledonia (Private) Investments Pty Limited	3,206,256	€110.6m	-13.3%	1.37%
0.51%	D1 Capital Partners L.P.	2,669,498	€92.1m	-49.3%	1.41%
0.51%	Geode Capital Management, LLC	2,644,673	€91.2m	0.62%	0.01%
0.47%	State Street Global Advisors, Inc.	2,457,912	€84.8m	9.35%	no data
0.38%	Pzena Investment Management, Inc.	1,963,130	€67.7m	14.3%	0.13%
0.36%	Fairview Capital Investment Management, LLC	1,850,945	€63.8m	2.09%	3.33%
0.31%	Strategic Advisers LLC	1,600,770	€55.2m	-35%	0.02%
0.3%	Leonard Blavatnik	1,565,042	€54.0m	11.8%	no data
0.3%	Artisan Partners Limited Partnership	1,553,960	€53.6m	0.09%	0.04%
0.26%	UBS Asset Management AG	1,355,722	€46.8m	35.7%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/19 13:50
End of Day Share Price	2025/02/19 00:00
Earnings	2024/12/31
Annual Earnings	2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Warner Music Group Corp. is covered by 35 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ishan Majumdar	Baptista Research
Kannan Venkateshwar	Barclays
Jessica Reif Ehrlich Cohen	BofA Global Research