NETFLIX INC NFLX
COM · Common Stock · CUSIP 64110L106 · ISIN US64110L1061
American media company
- IndustryServices-Video Tape Rental
- HeadquartersLos Gatos, CA
- Founded1997
- Websiteir.netflix.net
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($451.2m this quarter). Holder counts are more reliable. Shares outstanding: 445.3m as of 2022-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $294.97. Options: 91 managers hold calls ($12.8bn notional), 60 hold puts ($9.0bn).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,714 |
| Q4 2022 | 1,896 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $8.9bn | $7.0bn | 0.78 |
| Q4 2022 | $12.8bn | $9.0bn | 0.71 |
Biggest buyers
| FMR LLC | Added | +3.4m |
| Capital Research Global Investors | Added | +3.2m |
| JENNISON ASSOCIATES LLC | Added | +2.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.8m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +1.2m |
| ROYAL BANK OF CANADA | Added | +908.9k |
| HSBC HOLDINGS PLC | Added | +867.6k |
| CITADEL ADVISORS LLC | Added | +842.2k |
| Point72 Asset Management, L.P. | New | +718.6k |
| MORGAN STANLEY | Added | +644.2k |
Biggest sellers
| HARRIS ASSOCIATES L P | Reduced | -1.3m |
| EDGEWOOD MANAGEMENT LLC | Reduced | -913.6k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -794.4k |
| Capital World Investors | Reduced | -626.0k |
| Voyager Global Management LP | Reduced | -625.0k |
| Ruane, Cunniff & Goldfarb L.P. | Reduced | -598.8k |
| BANK OF AMERICA CORP /DE/ | Reduced | -557.6k |
| BANK OF MONTREAL /CAN/ | Reduced | -547.3k |
| Palestra Capital Management LLC | Sold out | -493.6k |
| LOOMIS SAYLES & CO L P | Reduced | -446.2k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $2.7bn9.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.3bn7.7m shares |
| CMT Capital Markets Trading GmbH | Added | $993.3m3.4m shares |
| JANE STREET GROUP, LLC | Added | $855.2m2.9m shares |
| IMC-Chicago, LLC | Added | $671.7m2.3m shares |
| SIMPLEX TRADING, LLC | Added | $625.2m2.1m shares |
| WOLVERINE TRADING, LLC | Reduced | $401.8m1.4m shares |
| GROUP ONE TRADING LLC | Added | $381.7m1.3m shares |
| CTC LLC | Reduced | $374.5m12.7k shares |
| Optiver Holding B.V. | Added | $373.7m1.3m shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $2.8bn9.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.1bn7.1m shares |
| BANK OF AMERICA CORP /DE/ | Added | $788.0m2.7m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $467.6m15.9k shares |
| WOLVERINE TRADING, LLC | Added | $396.9m1.3m shares |
| UBS Group AG | Reduced | $358.4m1.2m shares |
| D. E. Shaw & Co., Inc. | Reduced | $337.5m1.1m shares |
| CLEAR STREET LLC | Added | $206.4m700.0k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $186.3m631.9k shares |
| GOLDMAN SACHS GROUP INC | Added | $181.3m614.9k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.5% |
Fell to 5% or below in the last year: FMR LLC (3.3%, 2026-08-06), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 4 | $80.2m | — |
| Q1 2022 | 1 | $20.0m | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.29% of their portfolio | 35.5m $10.5bn | Added +404.4k |
| BlackRock Inc. 0.26% of their portfolio | 27.7m $8.2bn | Reduced -304.7k |
| FMR LLC 0.69% of their portfolio | 23.5m $6.9bn | Added +3.4m |
| Capital Research Global Investors 1.65% of their portfolio | 18.5m $5.5bn | Added +3.2m |
| STATE STREET CORP 0.28% of their portfolio | 16.1m $4.8bn | Reduced -370.2k |
| Capital International Investors 1.18% of their portfolio | 14.9m $4.4bn | Added +571.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.63% of their portfolio | 13.2m $3.9bn | Added +1.8m |
| Capital World Investors 0.76% of their portfolio | 12.2m $3.6bn | Reduced -626.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.33% of their portfolio | 8.1m $2.4bn | Added +124.5k |
| BAILLIE GIFFORD & CO 2.14% of their portfolio | 7.0m $2.0bn | Reduced -17.1k |
| POLEN CAPITAL MANAGEMENT LLC 5.96% of their portfolio | 6.9m $2.0bn | Reduced -402.0k |
| MORGAN STANLEY 0.22% of their portfolio | 6.5m $1.9bn | Added +644.2k |
| Fisher Asset Management, LLC 1.28% of their portfolio | 6.4m $1.9bn | Reduced -251.5k |
| JENNISON ASSOCIATES LLC 1.64% of their portfolio | 5.5m $1.6bn | Added +2.9m |
| EAGLE CAPITAL MANAGEMENT LLC 7.20% of their portfolio | 5.1m $1.5bn | Reduced -398.4k |
| EDGEWOOD MANAGEMENT LLC 5.39% of their portfolio | 5.1m $1.5bn | Reduced -913.6k |
| NORGES BANK 0.36% of their portfolio | 5.1m $1.5bn | Added +125.5k |
| LOOMIS SAYLES & CO L P 2.94% of their portfolio | 5.0m $1.5bn | Reduced -446.2k |
| NORTHERN TRUST CORP 0.29% of their portfolio | 4.7m $1.4bn | Reduced -34.2k |
| JPMORGAN CHASE & CO 0.16% of their portfolio | 3.8m $1.1bn | Added +219.7k |
| SANDS CAPITAL MANAGEMENT, LLC 3.96% of their portfolio | 3.6m $1.0bn | Reduced -126.0k |
| Bank of New York Mellon Corp 0.24% of their portfolio | 3.5m $1.0bn | Reduced -55.3k |
| Invesco Ltd. 0.30% of their portfolio | 3.5m $1.0bn | Added +39.1k |
| BANK OF AMERICA CORP /DE/ 0.10% of their portfolio | 2.8m $828.3m | Reduced -557.6k |
| Clearbridge Investments, LLC 0.79% of their portfolio | 2.7m $798.2m | Reduced -54.7k |
| Legal & General Group Plc 0.29% of their portfolio | 2.6m $754.3m | Reduced -244.1k |
| HARRIS ASSOCIATES L P 1.49% of their portfolio | 2.5m $734.0m | Reduced -1.3m |
| Nuveen Asset Management, LLC 0.27% of their portfolio | 2.3m $689.4m | Reduced -122.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.22% of their portfolio | 2.3m $685.7m | Added +72.5k |
| GOLDMAN SACHS GROUP INC 0.18% of their portfolio | 2.1m $629.6m | Added +501.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.32% of their portfolio | 2.0m $602.9m | Reduced -195.9k |
| ROYAL BANK OF CANADA 0.18% of their portfolio | 2.0m $581.3m | Added +908.9k |
| Swiss National Bank 0.38% of their portfolio | 1.8m $533.0m | Reduced -117.9k |
| SRS Investment Management, LLC 9.63% of their portfolio | 1.8m $532.8m | Added +77.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.35% of their portfolio | 1.6m $466.4m | Reduced -41.2k |
| HSBC HOLDINGS PLC 0.55% of their portfolio | 1.5m $444.8m | Added +867.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.35% of their portfolio | 1.5m $446.2m | Reduced -9.2k |
| COATUE MANAGEMENT LLC 4.42% of their portfolio | 1.3m $393.9m | Added +173.1k |
| BARCLAYS PLC 0.34% of their portfolio | 1.3m $389.9m | First filing |
| Artisan Partners Limited Partnership 0.66% of their portfolio | 1.3m $372.4m | Added +530.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.07% of their portfolio | 1.2m $368.6m | Reduced -291.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.64% of their portfolio | 1.2m $360.2m | Added +1.2m |
| JANE STREET GROUP, LLC 0.67% of their portfolio | 1.2m $356.2m | Added +450.3k |
| WELLS FARGO & COMPANY/MN 0.11% of their portfolio | 1.1m $333.4m | Reduced -64.7k |
| BANK OF MONTREAL /CAN/ 0.17% of their portfolio | 1.1m $364.9m | Reduced -547.3k |
| UBS Group AG 0.16% of their portfolio | 1.1m $323.9m | Added +392.4k |
| Sustainable Growth Advisers, LP 2.09% of their portfolio | 1.1m $321.6m | Added +18.9k |
| GARDNER RUSSO & QUINN LLC 3.48% of their portfolio | 1.1m $315.7m | Added +129.8k |
| CITADEL ADVISORS LLC 0.36% of their portfolio | 1.1m $311.1m | Added +842.2k |
| FIL Ltd 0.37% of their portfolio | 1.0m $308.1m | Reduced -128.0k |
| California Public Employees Retirement System 0.25% of their portfolio | 992.7k $292.7m | Added +14.4k |
| Whale Rock Capital Management LLC 8.92% of their portfolio | 899.5k $265.2m | Added +72.5k |
| TD Asset Management Inc 0.32% of their portfolio | 886.1k $261.3m | Added +69.9k |
| PICTET ASSET MANAGEMENT SA 0.33% of their portfolio | 859.7k $232.2m | Reduced -115.4k |
| Amundi 0.15% of their portfolio | 850.3k $278.3m | Reduced -380.4k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.44% of their portfolio | 847.9k $250.0m | Reduced -27.0k |
| DEUTSCHE BANK AG\ 0.13% of their portfolio | 794.2k $234.2m | Reduced -318.5k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 790.6k $233.1m | Reduced -46.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.32% of their portfolio | 790.3k $233.0m | Added +22.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.36% of their portfolio | 784.4k $231.3m | Added +11.0k |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 772.7k $227.9m | Added +51.7k |
| RHUMBLINE ADVISERS 0.30% of their portfolio | 762.3k $224.8m | Added +34.5k |
| PRUDENTIAL FINANCIAL INC 0.37% of their portfolio | 744.4k $219.5m | Added +317.0k |
| CREDIT SUISSE AG/ 0.23% of their portfolio | 730.6k $215.4m | Reduced -79.6k |
| Technology Crossover Management VIII, Ltd. 24.46% of their portfolio | 720.0k $212.3m | Unchanged |
| Point72 Asset Management, L.P. 0.80% of their portfolio | 718.6k $211.9m | New |
| AMERICAN CENTURY COMPANIES INC 0.17% of their portfolio | 714.1k $210.6m | Added +198.8k |
| Jericho Capital Asset Management L.P. 15.25% of their portfolio | 698.6k $206.0m | Reduced -198.9k |
| National Pension Service 0.39% of their portfolio | 676.6k $199.5m | Added +6.6k |
| Newlands Management Operations LLC 5.20% of their portfolio | 670.7k $197.8m | First filing |
| ALLIANCEBERNSTEIN L.P. 0.09% of their portfolio | 668.1k $197.0m | Added +16.3k |
| FIRST TRUST ADVISORS LP 0.23% of their portfolio | 660.7k $194.8m | Reduced -160.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 1.31% of their portfolio | 659.0k $194.3m | Added +38.8k |
| SOMA EQUITY PARTNERS LP 11.23% of their portfolio | 650.0k $191.7m | Reduced -50.0k |
| GILDER GAGNON HOWE & CO LLC 3.53% of their portfolio | 642.4k $189.4m | Reduced -5.1k |
| Ruane, Cunniff & Goldfarb L.P. 2.90% of their portfolio | 629.3k $185.6m | Reduced -598.8k |
| LORD, ABBETT & CO. LLC 0.33% of their portfolio | 627.1k $184.9m | New |
| APG Asset Management N.V. 0.35% of their portfolio | 618.5k $182.4m | Added +113.2k |
| FRED ALGER MANAGEMENT, LLC 0.98% of their portfolio | 612.7k $180.7m | Reduced -138.5k |
| Mirae Asset Global Investments Co., Ltd. 0.47% of their portfolio | 610.1k $179.7m | Reduced -86.9k |
| RAYMOND JAMES & ASSOCIATES 0.16% of their portfolio | 587.1k $173.1m | Reduced -36.4k |
| Gobi Capital LLC 14.70% of their portfolio | 572.0k $168.7m | Reduced -183.5k |
| NATIXIS ADVISORS, LLC 0.63% of their portfolio | 569.6k $168.0m | Added +10.8k |
| MACQUARIE GROUP LTD 0.20% of their portfolio | 563.6k $166.2m | Reduced -60.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.41% of their portfolio | 551.7k $162.7m | Reduced -259.3k |
| CANADA LIFE ASSURANCE Co 0.42% of their portfolio | 544.8k $161.5m | Reduced -24.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.41% of their portfolio | 538.4k $158.8m | Reduced -3.8k |
| SEI INVESTMENTS CO 0.34% of their portfolio | 526.0k $155.1m | Added +133.4k |
| OSSIAM 4.01% of their portfolio | 525.2k $154.9m | Added +167.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.38% of their portfolio | 522.6k $154.1m | Reduced -2.8k |
| Korea Investment CORP 0.48% of their portfolio | 517.7k $152.7m | Added +118.1k |
| Robeco Institutional Asset Management B.V. 0.44% of their portfolio | 514.1k $151.6m | Added +22.6k |
| NEUBERGER BERMAN GROUP LLC 0.15% of their portfolio | 509.7k $149.2m | Added +114.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio | 493.1k $145.4m | Added +23.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.35% of their portfolio | 491.3k $144.9m | Reduced -9.9k |
| Balyasny Asset Management L.P. 0.51% of their portfolio | 490.3k $144.6m | Reduced -8.6k |
| Varma Mutual Pension Insurance Co 2.00% of their portfolio | 482.3k $142.2m | Reduced -4.0k |
| MILLENNIUM MANAGEMENT LLC 0.16% of their portfolio | 482.0k $142.1m | Reduced -1.6k |
| STIFEL FINANCIAL CORP 0.21% of their portfolio | 476.6k $140.5m | Added +98.6k |
| Thrivent Financial for Lutherans 0.36% of their portfolio | 471.3k $139.0m | Added +74.0k |