WAVEMAN · COMPANY

WMG · Warner Music Group Corp.

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TEAM-2.62% 13F +440META+1.00% 13F +2,694RCG+0.35% CLUSTERUTHR-0.54% 13F +425CRWV+5.68% 13F +694CRM-1.97% 13F +1,019CVNA+1.58% 13F +795TPL-1.11% 13F +444NET-1.96% 13F +711MSTR-1.39% 13F +527DELL+1.50% 13F +1,204CRWD-0.87% 13F +1,383ANET+1.22% 13F +1,324COIN-4.18% 13F +475TEAM-2.62% 13F +440META+1.00% 13F +2,694RCG+0.35% CLUSTERUTHR-0.54% 13F +425CRWV+5.68% 13F +694CRM-1.97% 13F +1,019CVNA+1.58% 13F +795TPL-1.11% 13F +444NET-1.96% 13F +711MSTR-1.39% 13F +527DELL+1.50% 13F +1,204CRWD-0.87% 13F +1,383ANET+1.22% 13F +1,324COIN-4.18% 13F +475

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WMG

Name: Warner Music Group Corp. (WMG) insider trading and ownership data
Creator: WaveMan
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Warner Music Group Corp.

RESTAURANTS & LEISURE · SERVICES-AMUSEMENT & RECREATION SERVICES · CIK 0001319161

FORM 144 · 1☆ WATCH

INSIDER NET · 180D

open-market buys minus sells, Form 4 codes P and S

INSIDER BUYERS · 180D

CONGRESS BUYERS · 1Y

FUNDS ADDED · QTR

203

13F, latest reported quarter

REVENUE GROWTH

+4.4%

XBRL, annual

NET MARGIN

5.4%

SEVEN FACTS, RANKED AGAINST THE SECTOR · RANK IS NOT A FORECAST

INSIDERS

no Form 4 purchases or sales on file

CONGRESS

no member of Congress has reported trading it

FUNDS

203 funds added or opened last quarter

more than 72% of Restaurants & Leisure

REVENUE

+4.4% year over year

below 51% of Restaurants & Leisure

MARGIN

5.4% net margin

more than 64% of Restaurants & Leisure

BUYBACKS

$48.0M repurchased, FY to 2026-06-30

below 51% of Restaurants & Leisure

SHORT

no short interest reported

THE SITUATION · EVERY LINE IS ONE RULE OVER ONE DATASET

203 funds added or opened positions in the latest 13F quarter, of 340 holders.

The year, with the filings on it

Total return indexed to 100 over the last 12 months · every marker is a federal filing, placed at its date — hover any marker for the detail

TOTAL 12M RETURN -11.5%

-11.5%12M

INSIDER BUYFORM 144

INDEXED RETURN, DIVIDEND-ADJUSTED — NOT A PRICE CHART · LARGE TRADES DRAWN FIRST WHEN A NAME FILES HEAVILY

Live price

Daily candles from TradingView, on their licence — no filings are marked on this one

WHY THIS NAME IS ON THE DESK

Insiders have filed to sell — before selling.

The record shows 203 funds added last quarter, $1.9M in planned Form 144 sales. Every figure is a federal filing, dated the day it became public.

Backtest this pattern Open the screener

Same sector, ranked by filing activity

Sector from the SEC's own SIC classification

BROS TKO DKNG CMG SG ACEL H QSR RSI BUKS LYV CVEO

Insider transactions

Form 4 purchases and sales (codes P and S) — grants, option exercises and preferred conversions excluded

No insider purchases or sales are on record for Warner Music Group Corp. in the period covered. Source: SEC Form 4 filings, as of 2026-09-06.

INSIDER

FILED

VALUE

ZERZA ARMIN

Chief Financial Officer

BUY

2025-12-11

35,778.0

$1.0M

Blavatnik Valentin

Director

BUY

2025-12-02

35,810.0

$998.4K

Blavatnik Valentin

Director

BUY

2025-12-02

35,810.0

$998.4K

Matusch Timothy

EVP Strategy & Operations

SELL

2025-04-02

1,000.0

$31.4K

Blavatnik Valentin

Director

SELL

2025-02-20

28,230.0

$1.0M

39 TRANSACTIONS ON RECORD

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Institutional holders

13F · holdings as of the latest quarter funds have reported

Independent Franchise Partners LLP

12,997,804.0 sh

$351.9M

Darsana Capital Partners LP

11,943,199.0 sh

$323.3M

JPMORGAN CHASE & CO

11,188,756.0 sh

$297.7M

BlackRock, Inc.

10,209,746.0 sh

$276.4M

BARROW HANLEY MEWHINNEY & STRAUSS LLC

8,909,122.0 sh

$241.2M

SCHEDULE 13D/G

No 5%+ ownership filings

Nobody has crossed 5% with a filing obligation. Absence is a fact here, not missing data.

Planned sales · Form 144

Filed before the sale — intent, not a trade

Armin Zerza

FILED 2026-09-03

$1.9M

Fund concentration

N-PORT · funds ranked by how much of THEMSELVES they put in this stock — the conviction number 13F cannot show

MUSQ Global Music Industry ETF

$1.1M POSITION · AS OF 2026-04-30

5.1%

Independent Franchise Partners US Equity Fund

$54.1M POSITION · AS OF 2026-03-31

3.5%

Brighthouse/Artisan Mid Cap Value Portfolio

$11.6M POSITION · AS OF 2026-03-31

2.0%

Artisan Mid Cap Value Fund

$9.6M POSITION · AS OF 2026-03-31

2.0%

WESTWOOD QUALITY VALUE FUND

$3.3M POSITION · AS OF 2026-04-30

1.9%

TETON Westwood Equity Fund

$672.8K POSITION · AS OF 2026-03-31

1.8%

SEC N-PORT, MONTHLY WITH A ~60-DAY PUBLIC LAG · FUNDS ≥ $10M · % = SHARE OF THE FUND'S OWN BOOK

Fundamentals

Annual figures from XBRL filings · pick a past date to see them exactly as the market knew them then — restatements and all

	2025-09	2024-09	2023-09	2022-09
REVENUE	$6.7B	$6.4B	$6.0B	$5.9B
OPERATING INCOME	$694.0M	$823.0M	$790.0M	$714.0M
NET INCOME	$365.0M	$435.0M	$430.0M	$551.0M
OPERATING CASH FLOW	$678.0M	$754.0M	$687.0M	$742.0M
CASH	$532.0M	$694.0M	$641.0M	$584.0M
LONG-TERM DEBT	$4.1B	$4.0B	$4.0B	$3.7B
BUYBACKS	$16.0M	$0	$0	—
DIVIDENDS PAID	$383.0M	$361.0M	$340.0M	$318.0M

SEC XBRL · FISCAL-YEAR PERIODS · AS KNOWN ON 2026-09-06 · NOBODY ELSE SHOWS FUNDAMENTALS AS OF A PAST DATE