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 ($710.5m this quarter). Holder counts are more reliable. Shares outstanding: 432.8m as of 2023-12-31, 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 ≈ $486.14. Options: 89 managers hold calls ($13.4bn notional), 84 hold puts ($17.6bn).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,714 |
| Q4 2022 | 1,896 |
| Q1 2023 | 1,929 |
| Q2 2023 | 2,110 |
| Q3 2023 | 2,056 |
| Q4 2023 | 2,302 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 826 | 865 |
| Q1 2023 | 883 | 886 |
| Q2 2023 | 1,000 | 883 |
| Q3 2023 | 981 | 921 |
| Q4 2023 | 981 | 994 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $10.0bn | $11.5bn | 1.15 |
| Q2 2023 | $13.3bn | $14.9bn | 1.12 |
| Q3 2023 | $10.1bn | $12.8bn | 1.27 |
| Q4 2023 | $13.4bn | $17.6bn | 1.32 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +9.1m |
| MORGAN STANLEY | Added | +6.9m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +3.3m |
| BANK OF AMERICA CORP /DE/ | Added | +2.0m |
| D. E. Shaw & Co., Inc. | Added | +1.7m |
| JENNISON ASSOCIATES LLC | Added | +1.6m |
| JANE STREET GROUP, LLC | Added | +1.0m |
| BlackRock Inc. | Added | +929.3k |
| ALLIANCEBERNSTEIN L.P. | Added | +701.1k |
| TWO SIGMA ADVISERS, LP | Added | +493.5k |
Biggest sellers
| Capital Research Global Investors | Reduced | -3.8m |
| GQG Partners LLC | Sold out | -2.5m |
| POLEN CAPITAL MANAGEMENT LLC | Reduced | -2.4m |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -977.2k |
| SANDS CAPITAL MANAGEMENT, LLC | Reduced | -574.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -505.8k |
| BAILLIE GIFFORD & CO | Reduced | -482.9k |
| FMR LLC | Reduced | -437.3k |
| TORONTO DOMINION BANK | Reduced | -418.5k |
| EAGLE CAPITAL MANAGEMENT LLC | Reduced | -371.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.5bn5.2m shares |
| CITADEL ADVISORS LLC | Added | $2.4bn4.8m shares |
| JANE STREET GROUP, LLC | Added | $949.0m1.9m shares |
| IMC-Chicago, LLC | Reduced | $901.1m1.9m shares |
| GTS SECURITIES LLC | Reduced | $850.5m1.7m shares |
| CTC LLC | Reduced | $684.7m14.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $660.5m1.4m shares |
| Optiver Holding B.V. | Added | $562.0m1.2m shares |
| WOLVERINE TRADING, LLC | Reduced | $395.3m811.9k shares |
| CMT Capital Markets Trading GmbH | Reduced | $358.7m736.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.8bn5.7m shares |
| CITADEL ADVISORS LLC | Added | $2.2bn4.6m shares |
| CMT Capital Markets Trading GmbH | Added | $1.4bn2.9m shares |
| JANE STREET GROUP, LLC | Added | $1.1bn2.3m shares |
| IMC-Chicago, LLC | Added | $1.0bn2.1m shares |
| GTS SECURITIES LLC | Reduced | $792.2m1.6m shares |
| SIMPLEX TRADING, LLC | Reduced | $708.4m1.6m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $700.0m1.4m shares |
| CTC LLC | Reduced | $649.6m13.3k shares |
| Optiver Holding B.V. | Added | $559.2m1.1m 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 2023
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 2022 | 1 | $20.0m | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 1 | $1.3m | — |
| Q2 2023 | 0 | — | 3 | $23.1m | $23.1m |
| Q3 2023 | 0 | — | 5 | $75.3m | $65.1m |
| Q4 2023 | 0 | — | 5 | $68.4m | $50.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-12-20 | Peters Gregory K Co-CEO, director | Sold plan | $3.6m7.2k shares |
| 2023-12-20 | MATHER ANN Director | Sold plan | $1.4m2.7k shares |
| 2023-12-20 | BARTON RICHARD N Director | Sold | $1.2m2.5k shares |
| 2023-12-19 | HYMAN DAVID A Chief Legal Officer | Sold plan | $9.8m19.9k shares |
| 2023-12-11 | BARTON RICHARD N Director | Sold | $3.1m6.8k shares |
| 2023-11-08 | BARTON RICHARD N Director | Sold | $217.5k500 shares |
| 2023-11-07 | HASTINGS REED Executive Chairman, director | Sold plan | $35.4m81.3k shares |
| 2023-11-01 | HASTINGS REED Executive Chairman, director | Sold | $6.7m16.0k shares |
| 2023-10-09 | BARTON RICHARD N Director | Sold | $189.0k500 shares |
| 2023-10-02 | HASTINGS REED Executive Chairman, director | Sold | $6.7m17.7k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.39% of their portfolio | 36.4m $17.7bn | Added +178.3k |
| BlackRock Inc. 0.39% of their portfolio | 30.9m $15.0bn | Added +929.3k |
| FMR LLC 0.82% of their portfolio | 21.9m $10.7bn | Reduced -437.3k |
| JPMORGAN CHASE & CO 0.46% of their portfolio | 18.6m $9.0bn | Added +9.1m |
| STATE STREET CORP 0.40% of their portfolio | 16.8m $8.2bn | Added +477.2k |
| MORGAN STANLEY 0.28% of their portfolio | 13.1m $6.4bn | Added +6.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.77% of their portfolio | 11.8m $5.8bn | Reduced -505.8k |
| Capital World Investors 1.02% of their portfolio | 11.7m $5.7bn | Added +78.3k |
| Capital International Investors 0.97% of their portfolio | 8.9m $4.3bn | Reduced -174.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.44% of their portfolio | 8.6m $4.2bn | Added +89.3k |
| Capital Research Global Investors 0.82% of their portfolio | 6.8m $3.3bn | Reduced -3.8m |
| JENNISON ASSOCIATES LLC 1.98% of their portfolio | 5.5m $2.7bn | Added +1.6m |
| BANK OF AMERICA CORP /DE/ 0.30% of their portfolio | 5.4m $2.6bn | Added +2.0m |
| NORGES BANK 0.45% of their portfolio | 5.3m $2.6bn | Added +23.5k |
| BAILLIE GIFFORD & CO 1.87% of their portfolio | 4.8m $2.4bn | Reduced -482.9k |
| EDGEWOOD MANAGEMENT LLC 6.50% of their portfolio | 4.6m $2.3bn | Reduced -114.1k |
| LOOMIS SAYLES & CO L P 3.37% of their portfolio | 4.5m $2.2bn | Reduced -48.2k |
| NORTHERN TRUST CORP 0.38% of their portfolio | 4.4m $2.1bn | Reduced -276.5k |
| Fisher Asset Management, LLC 1.06% of their portfolio | 4.1m $2.0bn | Added +72.8k |
| POLEN CAPITAL MANAGEMENT LLC 4.79% of their portfolio | 4.1m $2.0bn | Reduced -2.4m |
| ALLIANCEBERNSTEIN L.P. 0.73% of their portfolio | 3.9m $1.9bn | Added +701.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.35% of their portfolio | 3.9m $1.9bn | Added +3.3m |
| Invesco Ltd. 0.39% of their portfolio | 3.4m $1.6bn | Reduced -63.0k |
| Bank of New York Mellon Corp 0.33% of their portfolio | 3.3m $1.6bn | Reduced -116.6k |
| BANK OF MONTREAL /CAN/ 0.46% of their portfolio | 2.8m $1.4bn | Reduced -127.6k |
| ROYAL BANK OF CANADA 0.33% of their portfolio | 2.7m $1.3bn | Added +291.4k |
| Legal & General Group Plc 0.41% of their portfolio | 2.7m $1.3bn | Added +171.5k |
| Clearbridge Investments, LLC 1.12% of their portfolio | 2.7m $1.3bn | Reduced -116.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.47% of their portfolio | 2.5m $1.2bn | Added +350.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.30% of their portfolio | 2.4m $1.2bn | Added +45.9k |
| GOLDMAN SACHS GROUP INC 0.25% of their portfolio | 2.4m $1.2bn | Reduced -192.4k |
| COATUE MANAGEMENT LLC 4.66% of their portfolio | 2.3m $1.1bn | Added +283.9k |
| SRS Investment Management, LLC 13.15% of their portfolio | 2.2m $1.1bn | Reduced -108.2k |
| EAGLE CAPITAL MANAGEMENT LLC 4.54% of their portfolio | 2.2m $1.1bn | Reduced -371.1k |
| Nuveen Asset Management, LLC 0.34% of their portfolio | 2.1m $1.0bn | Added +129.3k |
| D. E. Shaw & Co., Inc. 1.39% of their portfolio | 2.0m $963.5m | Added +1.7m |
| SANDS CAPITAL MANAGEMENT, LLC 2.87% of their portfolio | 1.9m $942.6m | Reduced -574.4k |
| JANE STREET GROUP, LLC 1.09% of their portfolio | 1.8m $895.2m | Added +1.0m |
| Artisan Partners Limited Partnership 1.40% of their portfolio | 1.8m $888.5m | Reduced -89.1k |
| BARCLAYS PLC 0.40% of their portfolio | 1.6m $767.5m | Added +51.3k |
| Amundi 0.34% of their portfolio | 1.6m $755.5m | Added +252.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.45% of their portfolio | 1.5m $712.0m | Reduced -18.5k |
| Swiss National Bank 0.50% of their portfolio | 1.4m $674.7m | Reduced -44.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.49% of their portfolio | 1.4m $661.3m | Reduced -25.4k |
| JANUS HENDERSON GROUP PLC 0.37% of their portfolio | 1.3m $620.8m | Added +156.2k |
| AMERICAN CENTURY COMPANIES INC 0.42% of their portfolio | 1.2m $604.4m | Added +176.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.76% of their portfolio | 1.2m $590.0m | Added +171.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.71% of their portfolio | 1.2m $560.0m | Added +105.2k |
| WELLS FARGO & COMPANY/MN 0.16% of their portfolio | 1.1m $555.3m | Reduced -73.5k |
| GARDNER RUSSO & QUINN LLC 5.58% of their portfolio | 1.1m $547.7m | Reduced -36.5k |
| DEUTSCHE BANK AG\ 0.26% of their portfolio | 1.1m $511.2m | Added +245.2k |
| TWO SIGMA ADVISERS, LP 1.12% of their portfolio | 982.9k $478.6m | Added +493.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.48% of their portfolio | 966.1k $469.9m | Added +279.8k |
| HSBC HOLDINGS PLC 0.42% of their portfolio | 946.0k $460.1m | Added +30.3k |
| FIL Ltd 0.48% of their portfolio | 939.1k $457.2m | Added +266.9k |
| UBS Group AG 0.18% of their portfolio | 926.9k $451.3m | Reduced -48.6k |
| Winslow Capital Management, LLC 1.80% of their portfolio | 888.9k $432.8m | Added +466.4k |
| AMERIPRISE FINANCIAL INC 0.13% of their portfolio | 888.8k $432.8m | Added +613 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.56% of their portfolio | 863.0k $420.2m | Added +262.8k |
| Sustainable Growth Advisers, LP 1.91% of their portfolio | 860.9k $419.2m | Reduced -21.7k |
| RHUMBLINE ADVISERS 0.40% of their portfolio | 792.5k $385.8m | Reduced -16.2k |
| California Public Employees Retirement System 0.29% of their portfolio | 785.9k $382.6m | Reduced -28.5k |
| Pictet Asset Management Holding SA 0.42% of their portfolio | 784.1k $381.8m | Added +8.4k |
| SEI INVESTMENTS CO 0.60% of their portfolio | 764.3k $372.1m | Reduced -21.9k |
| DIMENSIONAL FUND ADVISORS LP 0.11% of their portfolio | 763.3k $371.7m | Reduced -8.1k |
| National Pension Service 0.51% of their portfolio | 758.0k $369.0m | Added +14.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.48% of their portfolio | 711.4k $346.4m | Added +5.2k |
| Aware Super Pty Ltd as trustee of Aware Super 0.87% of their portfolio | 695.0k $65.2m | First filing |
| NEW YORK STATE COMMON RETIREMENT FUND 0.46% of their portfolio | 677.1k $329.7m | Reduced -85.0k |
| PRUDENTIAL FINANCIAL INC 0.49% of their portfolio | 674.9k $327.6m | Reduced -198.4k |
| FIRST TRUST ADVISORS LP 0.36% of their portfolio | 671.6k $327.0m | Reduced -79.4k |
| Newlands Management Operations LLC 3.00% of their portfolio | 670.7k $326.6m | Unchanged |
| Mirae Asset Global Investments Co., Ltd. 0.66% of their portfolio | 661.9k $322.3m | Reduced -25.2k |
| Korea Investment CORP 0.83% of their portfolio | 652.4k $317.6m | Added +82.6k |
| CREDIT SUISSE AG/ 0.30% of their portfolio | 646.8k $314.9m | Added +9.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.13% of their portfolio | 639.2k $311.2m | Reduced -102.8k |
| Qube Research & Technologies Ltd 0.66% of their portfolio | 594.4k $289.4m | Reduced -157.0k |
| Robeco Institutional Asset Management B.V. 0.70% of their portfolio | 590.2k $287.4m | Reduced -31.7k |
| RAYMOND JAMES & ASSOCIATES 0.21% of their portfolio | 584.4k $284.5m | Reduced -58.3k |
| 1832 Asset Management L.P. 0.53% of their portfolio | 577.4k $281.1m | Added +339.7k |
| TD Asset Management Inc 0.28% of their portfolio | 577.3k $281.1m | Reduced -344.6k |
| MACQUARIE GROUP LTD 0.32% of their portfolio | 577.0k $280.9m | Added +113.8k |
| APG Asset Management N.V. 0.49% of their portfolio | 573.7k $252.9m | Added +13.8k |
| GILDER GAGNON HOWE & CO LLC 3.80% of their portfolio | 569.3k $277.2m | Added +772 |
| LORD, ABBETT & CO. LLC 0.48% of their portfolio | 555.5k $270.4m | Reduced -59.8k |
| TWO SIGMA INVESTMENTS, LP 0.65% of their portfolio | 555.0k $270.2m | Reduced -110.1k |
| CIBC WORLD MARKETS CORP 1.46% of their portfolio | 551.3k $268.4m | Added +371.5k |
| Magellan Asset Management Ltd 2.66% of their portfolio | 548.3k $267.0m | Reduced -67.5k |
| NATIXIS ADVISORS, LLC 0.70% of their portfolio | 545.7k $265.7m | Reduced -5.4k |
| Harding Loevner LP 1.44% of their portfolio | 525.8k $257.4m | Reduced -3.2k |
| CITIGROUP INC 0.33% of their portfolio | 506.5k $246.6m | Added +127.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.25% of their portfolio | 487.9k $237.5m | Reduced -16.3k |
| MILLENNIUM MANAGEMENT LLC 0.22% of their portfolio | 478.2k $232.8m | Added +24.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.29% of their portfolio | 476.4k $231.2m | Added +166.0k |
| Alecta Tjanstepension Omsesidigt 1.44% of their portfolio | 475.0k $231.3m | Added +300.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.39% of their portfolio | 465.7k $219.0m | Added +24.6k |
| STIFEL FINANCIAL CORP 0.29% of their portfolio | 465.4k $226.6m | Added +16.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.47% of their portfolio | 463.3k $225.6m | Added +10.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.49% of their portfolio | 455.1k $221.6m | Reduced -21.9k |
| CANADA LIFE ASSURANCE Co 0.48% of their portfolio | 453.8k $219.8m | Added +1.3k |