3 managers · $227M totalData: SEC EDGAR 13F · 2026Q2
Manager holders · last 5 qtrsⓘ
3
2025Q2 – 2026Q2 · flat QoQ
Total position
$227M
Combined value across tracked managers
Net move this quarter
↓ Trimming
Weighted by holders' share change
HolderQ actionValue% of port.Style
Harris (Oakmark)Trim-72.88%$176M0.23%Deep value / Contrarian long-term
KopernikAdd+96.88%$31M1.92%深度价值 / 全球逆向
MarkelTrim-16.61%$20M0.15%Insurance float / Long-term value
What managers sayⓘ
2026-04-15Kopernik Global InvestorsBullKopernik Global All-Cap Fund — Monthly HoldingsDetail →
2024-07-31Colossus (Invest Like the Best / Business Breakdowns)BearOlympic Games: The Price of Glory - [Business Breakdowns, EP.176]Detail →
2023-12-06Colossus (Invest Like the Best / Business Breakdowns)NeutralCharter Communications: Cable Cash Flows - [Business Breakdowns, EP. 139]Detail →
2023-08-16Colossus (Invest Like the Best / Business Breakdowns)NeutralTake-Two Interactive: GTA and NBA 2K - [Business Breakdowns, EP.124]Detail →
2023-03-15Colossus (Invest Like the Best / Business Breakdowns)NeutralThe Walt Disney Company: An Entertainment Empire - [Business Breakdowns, EP. 101]Detail →
2022-11-29Colossus (Invest Like the Best / Business Breakdowns)NeutralRon Howard and Brian Grazer - Box Office Business - [Invest Like the Best, EP.305]Detail →
2022-03-22Colossus (Invest Like the Best / Business Breakdowns)BullGaurav Kapadia - Everything Compounds - [Invest Like the Best, EP. 269]Detail →
Earnings Callsⓘ
Q2 2026July 23, 2026
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This quarter's results were in line with expectations: revenue rose 5% and EBITDA declined 5%, mainly driven by broadband transformation investments and first-year NBA costs, with wireless and Peacock standing out.
Wireless net additions of 448,000 lines set a record, pushing total lines past 10 million. Peacock achieved first-time profitability, generating EBITDA of $189 million, with 48 million subscribers. Broadband subscriber losses improved year over year.
Free wireless line conversion is progressing smoothly, with roughly 30% of new additions on premium plans. Sky plans to acquire ITV. The Odyssey is performing strongly at the box office. However, theme park attendance weakened in June.
ARPU/EBITDA pressure for C&P is expected to ease moderately starting in Q3, supported by free-line-to-paid conversion and a low comparison base. Near-term park softness does not affect long-term plans.
Management remains optimistic, emphasizing AI-driven bandwidth demand and spin-off opportunities. Key watch items: softening park demand and competitive risks.