13 Best Stocks to Invest In According to Billionaire Ken Griffin

9. Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Citadel’s Stake: $806 million 

Media and entertainment giant Warner Bros. Discovery, Inc. (NASDAQ:WBD) has been in the news for months due to Paramount Skydance’s acquisition attempt. Its shares are up by 177% over the past year and down by 7% year-to-date. The deal made progress on the 9th after Britain’s Competition and Markets Authority (CMA) announced that it would commence its review of the $110 billion affair. Warner Bros. Discovery, Inc. (NASDAQ:WBD)’s takeover has seen other interested parties, such as Netflix, also tender their offers. The CMA will review whether the deal creates competitive concerns. Paramount also recently lashed out at Netflix and accused it of sabotaging the deal.

Warner Bros. Discovery, Inc. (NASDAQ:WBD) trades at a forward price-to-earnings ratio of 2.5k, which, safe to say, is extremely high when compared to the sector’s 42.73. UBS adjusted the share price target to $31 from $30 on May 7th and kept a Neutral rating on the stock.

Harbor Capital Advisors’ Mid Cap Value Fund discussed Warner Bros. Discovery, Inc. (NASDAQ:WBD) in its Q4 2025 investor letter:

“While several Fund holdings struggled — the most significant detractor was our underweight to Warner Bros. Discovery, Inc. (NASDAQ:WBD), which is in the benchmark and was up nearly 50% on acquisition activity.”