Warner Music Group Ownership

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

Recent Insider Transactions

NasdaqGS:WMG Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
20 Dec 24	SellUS$1,083,600	Lincoln Benet	Individual	35,000	US$30.96
11 Sep 24	SellUS$7,044,101	Max Lousada	Individual	250,769	US$28.09
10 Sep 24	SellUS$12,215,170	Max Lousada	Individual	436,193	US$28.24
05 Sep 24	SellUS$6,979,265	Max Lousada	Individual	247,505	US$28.25
15 Feb 24	SellUS$2,599,954	Lincoln Benet	Individual	71,981	US$36.12

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of WMG?
Owner Type	Number of Shares	Ownership Percentage
State or Government	50,000	0.00932%
Individual Insiders	8,708,224	1.62%
Institutions	152,635,675	28.5%
Private Companies	374,840,139	69.9%

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

Top Shareholders

Top 25 shareholders own 97.44% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
72.4%	Access Industries, Inc.	374,840,139	US$11.8b	0%	no data
2.66%	The Vanguard Group, Inc.	13,769,790	US$433.1m	4.37%	0.01%
2.63%	Capital Research and Management Company	13,643,390	US$429.1m	-18%	0.02%
1.71%	Darlington Partners Capital Management, LP	8,870,280	US$279.0m	9.88%	10.1%
1.66%	BlackRock, Inc.	8,597,327	US$270.4m	-21.7%	no data
1.59%	Mawer Investment Management Ltd.	8,217,467	US$258.4m	2,700%	0.61%
1.53%	JP Morgan Asset Management	7,927,098	US$249.3m	43.7%	0.03%
1.32%	AKO Capital LLP	6,862,125	US$215.8m	-8.06%	3.32%
1.21%	Stephen Cooper	6,260,317	US$196.9m	0%	no data
1.16%	Perpetual Limited	6,023,561	US$189.4m	0%	0.54%
1.16%	Cooke & Bieler, L.P.	6,017,387	US$189.2m	18.9%	1.78%
1.07%	Fidelity International Ltd	5,554,533	US$174.7m	3.05%	0.07%
1.02%	D1 Capital Partners L.P.	5,264,498	US$165.6m	91.5%	2.85%
0.98%	Independent Franchise Partners, LLP	5,055,271	US$159.0m	-3.25%	1.1%
0.8%	Harris Associates L.P.	4,131,487	US$129.9m	-0.84%	0.15%
0.71%	Caledonia (Private) Investments Pty Limited	3,699,438	US$116.3m	0.01%	1.36%
0.61%	FMR LLC	3,175,868	US$99.9m	-57.5%	0.01%
0.51%	Geode Capital Management, LLC	2,628,263	US$82.7m	1.91%	0.01%
0.48%	Strategic Advisers LLC	2,461,170	US$77.4m	2.6%	0.03%
0.43%	State Street Global Advisors, Inc.	2,247,719	US$70.7m	0.46%	no data
0.42%	Stephens Investment Management Group, LLC	2,163,286	US$68.0m	8.16%	0.91%
0.38%	Pzena Investment Management, Inc.	1,963,130	US$61.7m	14.3%	0.12%
0.35%	Southeastern Asset Management, Inc.	1,825,879	US$57.4m	-15.8%	1.82%
0.35%	Fairview Capital Investment Management, LLC	1,812,990	US$57.0m	6.74%	2.94%
0.33%	Barclays PLC Private Banking & Investment Banking Investment	1,702,612	US$53.5m	4,600%	0.03%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 03:44
End of Day Share Price	2024/12/30 00:00
Earnings	2024/09/30
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 here.

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 .

Analyst Sources

Warner Music Group Corp. is covered by 34 analysts. 17 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
Hamilton Faber	Atlantic Equities LLP
Ishan Majumdar	Baptista Research
Kannan Venkateshwar	Barclays