Dan Loeb, David Einhorn and George Soros All Just Bought the Same Stock and It’s One You Probably Don’t Own

Warner Bros. Discovery (WBD) saw an unusual convergence of investment interest in Q2 2026, as activist investor Dan Loeb, value manager David Einhorn, and macro investor George Soros all opened sizable new positions in the stock. Loeb's Third Point LLC increased its stake to 20 million shares, valued at $533.2 million, marking the firm's largest new position for the quarter.

Einhorn's Greenlight Capital bought 2.246 million shares, worth $59.88 million, while Soros Fund Management added 396,080 shares, totaling 1.488 million shares worth $39.69 million. Despite WBD's pending sale to Paramount Skydance and a debt load of $29.7 billion, the stock has surged 137% over the past year. The trio's simultaneous purchases, coming from different investment philosophies, signal confidence in WBD's long-term prospects.