Which funds own NFLX
Netflix Inc. in the Q2 2026 filings. At least 30 of the 91 current managers on file reported a position, worth $49.5bn between them. At least a fifth of the current managers on file hold it, which is a crowd without being the whole market. The quarter went the other way: 19 managers trimmed or sold out against 16 buying.
- Managers holding
- 30
- at least, of 91 current
- Combined value
- $49.5bn
- as reported
- Opened
- 2
- new this quarter
- Added to
- 14
- already held
- Trimmed or sold out
- 19
- 6 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Fidelity (FMR LLC) Long-only · $2304bn book | $9.7bn | 0.4% | 135,937,268 | -$10.0bn-68,713,615 | Trimmed |
| Invesco Ltd Long-only · $1264bn book | $9.7bn | 0.8% | 135,419,167 | -$3.0bn+3,959,040 | Added |
| T. Rowe Price Associates Inc Long-only · $999bn book | $6.7bn | 0.7% | 93,578,816 | -$2.8bn-5,452,976 | Trimmed |
| Capital World Investors Long-only · $846bn book | $6.2bn | 0.7% | 87,336,163 | -$3.3bn-11,767,389 | Trimmed |
| Capital Research Global Investors Long-only · $717bn book | $4.9bn | 0.7% | 68,701,246 | -$1.6bn+655,265 | Added |
| AllianceBernstein LP Long-only · $302bn book | $3.4bn | 1.1% | 35,069,813 | -$79m-1,738,797 | Trimmed |
| Wellington Management Group LLP Long-only · $580bn book | $2.0bn | 0.3% | 27,972,324 | -$1.4bn-7,423,913 | Trimmed |
| Baillie Gifford & Co Long-only · $110bn book | $1.2bn | 1.0% | 16,173,823 | -$942m-5,631,846 | Trimmed |
| Pershing Square Capital Management LP Activist · $19.5bn book | $934m | 4.8% | 13,081,465 | opened13,081,465 | New |
| Harris Associates LP Activist · $75.4bn book | $787m | 1.0% | 11,014,943 | -$162m+1,155,170 | Added |
| Janus Henderson Group Ltd Long-only · $245bn book | $693m | 0.3% | 9,710,107 | -$738m-5,174,229 | Trimmed |
| Citadel Advisors LLC Multi-strategy · $875bn book | $631m | 0.1% | 8,842,099 | +$465m+7,115,724 | Added |
| Neuberger Berman Group LLC Long-only · $150bn book | $494m | 0.3% | 6,917,871 | -$222m-527,197 | Trimmed |
| Renaissance Technologies LLC Quantitative · $72.6bn book | $485m | 0.7% | 6,787,884 | +$484m+6,785,423 | Added |
| Coatue Management LLC Long/short equity · $48.6bn book | $336m | 0.7% | 4,710,420 | -$327m-2,183,140 | Trimmed |
| Acadian Asset Management LLC Quantitative · $84.2bn book | $273m | 0.3% | 3,817,184 | -$21m+763,970 | Added |
| Marshall Wace LLP Quantitative · $127bn book | $255m | 0.2% | 3,575,603 | -$67m+225,005 | Added |
| Hudson Bay Capital Management LP Multi-strategy · $36.8bn book | $205m | 0.6% | 2,865,240 | -$236m-1,715,579 | Trimmed |
| Tudor Investment Corp Macro · $71.9bn book | $191m | 0.3% | 2,674,789 | +$172m+2,474,789 | Added |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $168m | 0.2% | 2,359,154 | +$26m+880,279 | Added |
| Man Group PLC Quantitative · $62.7bn book | $123m | 0.2% | 1,728,747 | +$21m+660,168 | Added |
| Woodline Partners LP Long/short equity · $32.4bn book | $99m | 0.3% | 1,391,959 | -$25m+99,812 | Added |
| Artisan Partners LP Long-only · $63.1bn book | $37m | 0.1% | 517,119 | +$1.8m+152,232 | Added |
| Walleye Capital LLC Multi-strategy · $28.0bn book | $27m | 0.1% | 376,133 | +$23m+340,388 | Added |
| Brevan Howard Capital Management LP Macro · $13.5bn book | $17m | 0.1% | 231,722 | -$60m-579,820 | Trimmed |
| ARK Investment Management LLC Long-only · $15.4bn book | $16m | 0.1% | 224,871 | -$4.8m+7,450 | Added |
| Polen Capital Management LLC Long-only · $11.6bn book | $4.9m | 0.0% | 68,139 | -$3.1m-15,146 | Trimmed |
| Soros Fund Management LLC Macro · $8.1bn book | $3.3m | 0.0% | 46,451 | -$1.3m-1,424 | Trimmed |
| Markel Group Inc Activist · $13.1bn book | $2.9m | 0.0% | 40,000 | opened40,000 | New |
| Ruane Cunniff & Goldfarb LP Activist · $6.4bn book | $600k | 0.0% | 8,091 | -$200k0 | Held |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Tiger Global Management LLC · Long/short equity$235m held before
- Element Capital Management LLC · Macro$51m held before
- ExodusPoint Capital Management LP · Multi-strategy$34m held before
- Voloridge Investment Management LLC · Quantitative$22m held before
- Whale Rock Capital Management LLC · Long/short equity$13m held before
- Bridgewater Associates LP · Macro$7.5m held before
Ownership through time
At least 38 of the 95 managers whose filings are on file listed NFLX in Q2 2026, against 16 in Q2 2013. 6 managers fewer than in Q1 2026: 2 started positions; 3 listed it again; 5 sold out, by their own filings; 6 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q2 2013: 16
- Q3 2013: 18
- Q4 2013: 24
- Q1 2014: 22
- Q2 2014: 24
- Q3 2014: 23
- Q4 2014: 22
- Q1 2015: 25
- Q2 2015: 27
- Q3 2015: 31
- Q4 2015: 29
- Q1 2016: 25
- Q2 2016: 23
- Q3 2016: 26
- Q4 2016: 36
- Q1 2017: 38
- Q2 2017: 35
- Q3 2017: 35
- Q4 2017: 38
- Q1 2018: 42
- Q2 2018: 36
- Q3 2018: 41
- Q4 2018: 35
- Q1 2019: 37
- Q2 2019: 40
- Q3 2019: 34
- Q4 2019: 41
- Q1 2020: 41
- Q2 2020: 49
- Q3 2020: 43
- Q4 2020: 48
- Q1 2021: 44
- Q2 2021: 51
- Q3 2021: 42
- Q4 2021: 46
- Q1 2022: 42
- Q2 2022: 35
- Q3 2022: 37
- Q4 2022: 36
- Q1 2023: 42
- Q2 2023: 43
- Q3 2023: 43
- Q4 2023: 39
- Q1 2024: 44
- Q2 2024: 44
- Q3 2024: 44
- Q4 2024: 51
- Q1 2025: 50
- Q2 2025: 45
- Q3 2025: 50
- Q4 2025: 48
- Q1 2026: 44
- Q2 2026: 38
- Q2 2013: $4.9bn
- Q3 2013: $6.9bn
- Q4 2013: $7.6bn
- Q1 2014: $7.4bn
- Q2 2014: $10.0bn
- Q3 2014: $10.0bn
- Q4 2014: $7.6bn
- Q1 2015: $9.6bn
- Q2 2015: $13.0bn
- Q3 2015: $13.3bn
- Q4 2015: $14.3bn
- Q1 2016: $14.7bn
- Q2 2016: $11.6bn
- Q3 2016: $13.5bn
- Q4 2016: $18.0bn
- Q1 2017: $20.6bn
- Q2 2017: $19.6bn
- Q3 2017: $25.4bn
- Q4 2017: $26.3bn
- Q1 2018: $37.5bn
- Q2 2018: $46.9bn
- Q3 2018: $42.9bn
- Q4 2018: $31.2bn
- Q1 2019: $42.4bn
- Q2 2019: $46.5bn
- Q3 2019: $35.7bn
- Q4 2019: $44.8bn
- Q1 2020: $50.6bn
- Q2 2020: $57.1bn
- Q3 2020: $57.4bn
- Q4 2020: $63.2bn
- Q1 2021: $60.9bn
- Q2 2021: $59.3bn
- Q3 2021: $67.8bn
- Q4 2021: $64.2bn
- Q1 2022: $34.9bn
- Q2 2022: $15.0bn
- Q3 2022: $21.8bn
- Q4 2022: $30.4bn
- Q1 2023: $33.8bn
- Q2 2023: $42.3bn
- Q3 2023: $33.1bn
- Q4 2023: $42.1bn
- Q1 2024: $50.0bn
- Q2 2024: $55.5bn
- Q3 2024: $55.8bn
- Q4 2024: $73.4bn
- Q1 2025: $76.5bn
- Q2 2025: $106bn
- Q3 2025: $91.6bn
- Q4 2025: $73.1bn
- Q1 2026: $74.2bn
- Q2 2026: $50.9bn
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Pershing Square Capital Management LPnew: 13,081,465 shares+$934m
- Susquehanna International Group LLP4,397,175 to 8,537,436 shares+$296m
- Invesco Ltd131,460,127 to 135,419,167 shares+$283m
- Tudor Investment Corp200,000 to 2,674,789 shares+$177m
- Arrowstreet Capital LP571,306 to 2,136,987 shares+$112m
Largest decreases, by shares
- Fidelity (FMR LLC)204,650,883 to 135,937,268 shares-$4.9bn
- Capital World Investors99,103,552 to 87,336,163 shares-$840m
- Wellington Management Group LLP35,396,237 to 27,972,324 shares-$530m
- Baillie Gifford & Co21,805,669 to 16,173,823 shares-$402m
- T. Rowe Price Associates Inc99,031,792 to 93,578,816 shares-$389m
Left it
- Tiger Global Management LLCwas $235m
- ExodusPoint Capital Management LPwas $34m
- Whale Rock Capital Management LLCwas $13m
- Bridgewater Associates LPwas $7.5m
- Element Capital Management LLCwas $5.8m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Fidelity (FMR LLC) | Q2 2013 | $29.6bn | $9.7bn | |
| Invesco Ltd | Q2 2013 | $13.0bn | $9.7bn | |
| T. Rowe Price Associates Inc | Q2 2013 | $15.0bn | $6.7bn | |
| Capital World Investors | Q2 2013 | $14.0bn | $6.2bn | |
| Capital Research Global Investors | Q2 2013 | $17.8bn | $4.9bn | |
| AllianceBernstein LP | Q2 2013 | $6.6bn | $3.4bn | |
| Wellington Management Group LLP | Q2 2013 | $5.3bn | $2.0bn | |
| Baillie Gifford & Co | Q1 2015 | $5.2bn | $1.2bn | |
| Pershing Square Capital Management LP | Q1 2022 | $1.2bn | $934m | |
| Harris Associates LP | Q3 2017 | $1.2bn | $786m | |
| Janus Henderson Group Ltd | Q2 2013 | $1.9bn | $693m | |
| Citadel Advisors LLC | Q4 2016 | $643m | $631m | |
| Susquehanna International Group LLP | Q3 2013 | $1.0bn | $610m | |
| Neuberger Berman Group LLC | Q3 2018 | $716m | $494m | |
| Renaissance Technologies LLC | Q3 2013 | $721m | $485m | |
| Tiger Global Management LLC | Q2 2013 | $2.1bn | last listed Q1 2026 | |
| Carl C. Icahn | Q2 2013 | $1.7bn | last listed Q1 2015 | |
| D1 Capital Partners LP | Q4 2018 | $1.4bn | last listed Q3 2021 | |
| Lone Pine Capital LLC | Q4 2014 | $1.3bn | last listed Q1 2021 | |
| Viking Global Investors LP | Q2 2014 | $1.2bn | last listed Q3 2025 | |
| Eisler Capital Management Ltd | Q2 2021 | $950m | last listed Q3 2025 | |
| Jane Street Group LLC | Q2 2014 | $895m | last listed Q1 2026 | |
| Egerton Capital UK LLP | Q3 2019 | $818m | last listed Q4 2021 | |
| Third Point LLC | Q4 2017 | $783m | last listed Q2 2019 | |
| Two Sigma Advisers LP | Q3 2013 | $696m | last listed Q4 2025 |
What managers have said about NFLX
Arguments made in the managers’ own SEC filings, each checked against the filing and reviewed by a person. A view is as filed on its date, not a current recommendation.
- Ruane, Cunniff & Goldfarb L.P. · Long · 2022-08-31
Ruane made minor additions to Sequoia's Netflix holding in the second quarter of 2022.
The filing on sec.govListed at Q2 2026$578k - Harris Associates L.P. · Long · 2022-06-02
Harris argues that Netflix's slower subscriber growth and margin pressure, the latter mainly from weak foreign currencies, are likely temporary, and that at 5.5x 2022 revenue and 34x earnings the shares are compelling.
The filing on sec.govListed at Q2 2026$786m
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Susquehanna International Group LLP · calls$4.2bn notional
- Citadel Advisors LLC · calls$2.3bn notional
- Susquehanna International Group LLP · puts$2.2bn notional
- Citadel Advisors LLC · puts$2.2bn notional
- Jane Street Group LLC · calls$2.0bn notional
- Jane Street Group LLC · puts$1.8bn notional
- Millennium Management LLC · puts$550m notional
- D. E. Shaw & Co. · puts$333m notional
- Hudson Bay Capital Management LP · puts$318m notional
- Tudor Investment Corp · puts$189m notional
- Man Group PLC · calls$141m notional
- Squarepoint Ops LLC · calls$107m notional
- Hudson Bay Capital Management LP · calls$81m notional
- Tudor Investment Corp · calls$55m notional
- Brevan Howard Capital Management LP · calls$36m notional
- Brevan Howard Capital Management LP · puts$23m notional
What NFLX is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around NFLX →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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