Warner Music Group Corp. (WMG) Shareholders & Insider Trades
Warner Music Group shareholders at a glance
The largest holder of Warner Music Group stock is Independent Franchise Partners LLP, with 13.0 million shares (8.80% of the company), worth about $367.00 million as of September 25, 2026. The 10 largest holders together own 57.2%.
In Q2 2026, 352 institutional holdings reports listed 159.0 million shares worth $4.31 billion, up 3.2% in shares from Q1 2026.
Insiders reported 38 transactions in the last two years: 5 sales worth $2.38 million and 2 purchases. The newest one on file is from May 12, 2026 (Zerza Armin, Chief Operating Officer).
Major holders as of September 25, 2026; quarterly totals from institutional holdings reports (latest Q2 2026); insider transactions on file through May 12, 2026.
Warner Music Group Corp.
Shareholders Summary
2026Q2
Ownership by Type
Geographic Distribution
Largest Warner Music Group shareholders
| Holder | Shares | % of company | Value |
|---|---|---|---|
| Independent Franchise Partners LLP | 13.0 million | 8.80% | $367.0M |
| Darsana Capital Partners LP | 11.9 million | 8.09% | $337.0M |
| JPMorgan Investment Management, Inc. | 11.2 million | 7.57% | $316.0M |
| BlackRock Advisors LLC | 9.8 million | 6.62% | $276.0M |
| Barrow, Hanley, Mewhinney & Strauss LLC | 8.9 million | 6.03% | $251.0M |
| Darlington Partners Capital Management LP | 6.7 million | 4.54% | $189.0M |
| Vanguard Capital Management LLC | 6.2 million | 4.21% | $176.0M |
| Vanguard Portfolio Management LLC | 5.9 million | 3.98% | $166.0M |
| Fidelity Investments Canada ULC | 5.8 million | 3.94% | $164.0M |
| Goldman Sachs Asset Management LP | 5.0 million | 3.37% | $140.0M |
As of September 25, 2026.
Warner Music Group institutional holdings by quarter
| Quarter | Reports | Shares | Value |
|---|---|---|---|
| Q2 2026 | 352 | 159.0 million | $4.3B |
| Q1 2026 | 334 | 154.0 million | $3.9B |
| Q4 2025 | 319 | 151.0 million | $4.6B |
| Q3 2025 | 316 | 167.0 million | $5.7B |
| Q2 2025 | 275 | 150.0 million | $4.1B |
| Q1 2025 | 287 | 149.0 million | $4.7B |
| Q4 2024 | 273 | 147.0 million | $4.6B |
| Q3 2024 | 285 | 158.0 million | $4.9B |
Shares and value held by institutions that file quarterly holdings reports (options not included).
Warner Music Group insider trades
| Insider | Date | Title | Transaction | Value |
|---|---|---|---|---|
| Zerza Armin | May 12, 2026 | Chief Operating Officer | Stock Award(Grant) at price 0.00 per share. | – |
| Dopfner Mathias | Mar 4, 2026 | Director | Stock Award(Grant) at price 0.00 per share. | – |
| Kurzman Cecelia | Mar 4, 2026 | Director | Stock Award(Grant) at price 0.00 per share. | – |
| Kreiz Ynon | Mar 4, 2026 | Director | Stock Award(Grant) at price 0.00 per share. | – |
| Hertz Noreena | Mar 4, 2026 | Director | Stock Award(Grant) at price 0.00 per share. | – |
| Dubuc-Kizilbash Nancy | Mar 4, 2026 | Director | Stock Award(Grant) at price 0.00 per share. | – |
| Lynton Michael M | Mar 4, 2026 | Director | Stock Award(Grant) at price 0.00 per share. | – |
| Karp Hannah Jasmine | Feb 12, 2026 | Officer | Stock Award(Grant) at price 0.00 per share. | – |
| Robinson Paul M. J.D. | Jan 2, 2026 | General Counsel | Stock Award(Grant) at price 0.00 per share. | – |
| Marshall Carianne | Jan 2, 2026 | Officer | Stock Award(Grant) at price 0.00 per share. | – |
| Moot Guy | Jan 2, 2026 | Officer | Stock Award(Grant) at price 0.00 per share. | – |
| Osherova Maria | Jan 2, 2026 | Officer | Stock Award(Grant) at price 0.00 per share. | – |
Newest 12 of 38 insider transactions in the last two years.
Questions and answers
Who owns the most Warner Music Group stock?
Independent Franchise Partners LLP, with 8.80% of the company (as of September 25, 2026). Next: Darsana Capital Partners LP (8.09%) and JPMorgan Investment Management, Inc. (7.57%).
How many institutions own Warner Music Group stock?
352 institutional holdings reports listed Warner Music Group shares in Q2 2026, 159.0 million shares in all worth $4.31 billion.
Are Warner Music Group insiders buying or selling the stock?
In the last two years insiders reported 5 sales and 2 purchases (38 transactions in all); the newest on file is from May 12, 2026.
