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 ($730.8m this quarter). Holder counts are more reliable. Shares outstanding: 431.0m as of 2024-03-31, 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 ≈ $605.28. Options: 85 managers hold calls ($11.5bn notional), 82 hold puts ($15.0bn).
Trends to Q1 2024
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 |
| Q1 2024 | 2,513 |
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 |
| Q1 2024 | 1,263 | 971 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $13.3bn | $14.9bn | 1.12 |
| Q3 2023 | $10.1bn | $12.8bn | 1.27 |
| Q4 2023 | $13.4bn | $17.6bn | 1.32 |
| Q1 2024 | $11.5bn | $15.0bn | 1.31 |
Biggest buyers
| MORGAN STANLEY | Added | +7.4m |
| GQG Partners LLC | New | +2.4m |
| JENNISON ASSOCIATES LLC | Added | +929.2k |
| BANK OF AMERICA CORP /DE/ | Added | +749.5k |
| Global Assets Advisory, LLC | New | +718.7k |
| FRANKLIN RESOURCES INC | Added | +708.5k |
| Jericho Capital Asset Management L.P. | New | +613.0k |
| JPMORGAN CHASE & CO | Added | +567.2k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +504.1k |
| MARSHALL WACE, LLP | Added | +483.0k |
Biggest sellers
| Capital International Investors | Reduced | -1.8m |
| JANE STREET GROUP, LLC | Reduced | -1.4m |
| COATUE MANAGEMENT LLC | Reduced | -1.2m |
| Capital Research Global Investors | Reduced | -1.2m |
| FMR LLC | Reduced | -934.0k |
| EAGLE CAPITAL MANAGEMENT LLC | Reduced | -742.4k |
| Technology Crossover Management VIII, Ltd. | Sold out | -432.0k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -409.6k |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -405.5k |
| Contour Asset Management LLC | Sold out | -354.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.6bn4.3m shares |
| CITADEL ADVISORS LLC | Reduced | $1.9bn3.1m shares |
| IMC-Chicago, LLC | Reduced | $946.1m1.6m shares |
| GTS SECURITIES LLC | Reduced | $621.6m1.0m shares |
| JANE STREET GROUP, LLC | Reduced | $609.7m1.0m shares |
| CTC LLC | Reduced | $527.2m8.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $451.2m742.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $381.8m628.6k shares |
| Optiver Holding B.V. | Reduced | $373.5m615.0k shares |
| ALKEON CAPITAL MANAGEMENT LLC | New | $315.8m520.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.8bn4.6m shares |
| CITADEL ADVISORS LLC | Reduced | $1.8bn2.9m shares |
| IMC-Chicago, LLC | Reduced | $993.2m1.6m shares |
| JANE STREET GROUP, LLC | Reduced | $943.7m1.6m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $831.3m1.4m shares |
| GTS SECURITIES LLC | Reduced | $715.1m1.2m shares |
| SIMPLEX TRADING, LLC | Reduced | $596.6m982.4k shares |
| CTC LLC | Reduced | $576.7m9.5k shares |
| UBS Group AG | Reduced | $433.5m713.7k shares |
| Twin Tree Management, LP | Added | $431.4m710.4k 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 Q1 2024
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 |
|---|---|---|---|---|---|
| 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 |
| Q1 2024 | 0 | — | 7 | $151.3m | $145.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-18 | Peters Gregory K Co-CEO, director | Sold plan | $3.3m5.4k shares |
| 2024-03-01 | HASTINGS REED Executive Chairman, director | Sold plan | $11.3m18.5k shares |
| 2024-02-27 | Peters Gregory K Co-CEO, director | Sold plan | $3.5m5.8k shares |
| 2024-02-27 | MATHER ANN Director | Sold plan | $2.2m3.7k shares |
| 2024-02-09 | SARANDOS THEODORE A Co-CEO, director | Sold plan | $38.7m69.0k shares |
| 2024-02-08 | Hoag Jay C Director | Sold | $5.0m8.9k shares |
| 2024-02-07 | Peters Gregory K Co-CEO, director | Sold | $723.8k1.3k shares |
| 2024-02-07 | Neumann Spencer Adam Chief Financial Officer | Sold | $319.4k565 shares |
| 2024-02-06 | HYMAN DAVID A Chief Legal Officer | Sold | $148.5k267 shares |
| 2024-02-01 | HASTINGS REED Executive Chairman, director | Sold plan | $11.8m20.7k shares |
| 2024-01-26 | Peters Gregory K Co-CEO, director | Sold plan | $3.2m5.5k shares |
| 2024-01-24 | Hoag Jay C Director · The Hoag Family Trust, U/A DTD 08/02/1994 | Sold plan | $25.9m47.0k shares |
| 2024-01-24 | HYMAN DAVID A Chief Legal Officer | Sold plan | $25.6m47.6k shares |
| 2024-01-24 | Peters Gregory K Co-CEO, director | Sold plan | $7.4m13.7k shares |
| 2024-01-02 | HASTINGS REED Executive Chairman, director | Sold plan | $12.2m26.0k 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, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.44% of their portfolio | 36.6m $22.2bn | Added +149.3k |
| BlackRock Inc. 0.45% of their portfolio | 31.4m $19.1bn | Added +480.6k |
| FMR LLC 0.86% of their portfolio | 21.0m $12.8bn | Reduced -934.0k |
| MORGAN STANLEY 0.33% of their portfolio | 20.5m $12.4bn | Added +7.4m |
| JPMORGAN CHASE & CO 0.52% of their portfolio | 19.1m $11.6bn | Added +567.2k |
| STATE STREET CORP 0.45% of their portfolio | 16.5m $10.0bn | Reduced -231.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.87% of their portfolio | 11.7m $7.1bn | Reduced -118.8k |
| Capital World Investors 1.17% of their portfolio | 11.6m $7.1bn | Reduced -131.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.49% of their portfolio | 8.8m $5.3bn | Added +160.8k |
| Capital International Investors 0.87% of their portfolio | 7.1m $4.3bn | Reduced -1.8m |
| JENNISON ASSOCIATES LLC 2.59% of their portfolio | 6.4m $3.9bn | Added +929.2k |
| BANK OF AMERICA CORP /DE/ 0.37% of their portfolio | 6.2m $3.7bn | Added +749.5k |
| Capital Research Global Investors 0.77% of their portfolio | 5.6m $3.4bn | Reduced -1.2m |
| NORGES BANK 0.49% of their portfolio | 5.1m $3.1bn | Reduced -178.7k |
| BAILLIE GIFFORD & CO 2.20% of their portfolio | 4.7m $2.8bn | Reduced -185.2k |
| LOOMIS SAYLES & CO L P 3.84% of their portfolio | 4.4m $2.7bn | Reduced -72.5k |
| EDGEWOOD MANAGEMENT LLC 7.14% of their portfolio | 4.4m $2.7bn | Reduced -246.1k |
| NORTHERN TRUST CORP 0.44% of their portfolio | 4.2m $2.5bn | Reduced -162.5k |
| Fisher Asset Management, LLC 1.19% of their portfolio | 4.2m $2.5bn | Added +69.9k |
| ALLIANCEBERNSTEIN L.P. 0.84% of their portfolio | 3.9m $2.4bn | Reduced -667 |
| POLEN CAPITAL MANAGEMENT LLC 5.38% of their portfolio | 3.8m $2.3bn | Reduced -241.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.39% of their portfolio | 3.7m $2.2bn | Reduced -210.7k |
| Invesco Ltd. 0.46% of their portfolio | 3.5m $2.1bn | Added +109.4k |
| Bank of New York Mellon Corp 0.37% of their portfolio | 3.2m $1.9bn | Reduced -124.1k |
| BANK OF MONTREAL /CAN/ 0.62% of their portfolio | 3.1m $2.0bn | Added +300.8k |
| Legal & General Group Plc 0.47% of their portfolio | 2.7m $1.6bn | Reduced -28.4k |
| Clearbridge Investments, LLC 1.23% of their portfolio | 2.6m $1.6bn | Reduced -113.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.35% of their portfolio | 2.5m $1.5bn | Added +43.9k |
| ROYAL BANK OF CANADA 0.36% of their portfolio | 2.5m $1.5bn | Reduced -291.7k |
| GQG Partners LLC 2.33% of their portfolio | 2.4m $1.5bn | New |
| GOLDMAN SACHS GROUP INC 0.30% of their portfolio | 2.3m $1.4bn | Reduced -51.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.49% of their portfolio | 2.3m $1.4bn | Reduced -213.4k |
| SRS Investment Management, LLC 18.31% of their portfolio | 2.2m $1.3bn | Reduced -49.6k |
| Nuveen Asset Management, LLC 0.37% of their portfolio | 2.1m $1.2bn | Reduced -93.6k |
| Amundi 0.50% of their portfolio | 1.9m $1.2bn | Added +344.4k |
| D. E. Shaw & Co., Inc. 1.41% of their portfolio | 1.8m $1.1bn | Reduced -171.9k |
| SANDS CAPITAL MANAGEMENT, LLC 2.87% of their portfolio | 1.7m $1.0bn | Reduced -248.7k |
| BARCLAYS PLC 0.44% of their portfolio | 1.6m $975.7m | Added +30.1k |
| Artisan Partners Limited Partnership 1.38% of their portfolio | 1.6m $944.8m | Reduced -269.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.53% of their portfolio | 1.5m $893.7m | Added +9.1k |
| EAGLE CAPITAL MANAGEMENT LLC 3.42% of their portfolio | 1.5m $884.2m | Reduced -742.4k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.95% of their portfolio | 1.4m $830.3m | Added +504.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.56% of their portfolio | 1.3m $816.8m | Reduced -13.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.85% of their portfolio | 1.3m $811.1m | Added +185.4k |
| Swiss National Bank 0.56% of their portfolio | 1.3m $796.0m | Reduced -75.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.93% of their portfolio | 1.3m $794.3m | Added +96.1k |
| JANUS HENDERSON GROUP PLC 0.42% of their portfolio | 1.3m $762.5m | Reduced -19.5k |
| HSBC HOLDINGS PLC 0.54% of their portfolio | 1.3m $761.0m | Added +307.2k |
| AMERICAN CENTURY COMPANIES INC 0.47% of their portfolio | 1.2m $748.7m | Reduced -8.6k |
| WELLS FARGO & COMPANY/MN 0.19% of their portfolio | 1.2m $722.5m | Added +49.1k |
| UBS Group AG 0.22% of their portfolio | 1.1m $655.2m | Added +151.9k |
| AMERIPRISE FINANCIAL INC 0.18% of their portfolio | 1.1m $646.7m | Added +174.3k |
| COATUE MANAGEMENT LLC 2.52% of their portfolio | 1.1m $642.0m | Reduced -1.2m |
| DEUTSCHE BANK AG\ 0.28% of their portfolio | 999.3k $606.9m | Reduced -50.7k |
| FRANKLIN RESOURCES INC 0.19% of their portfolio | 961.9k $584.2m | Added +708.5k |
| GARDNER RUSSO & QUINN LLC 5.45% of their portfolio | 874.1k $530.9m | Reduced -250.9k |
| Winslow Capital Management, LLC 1.88% of their portfolio | 823.4k $500.1m | Reduced -65.5k |
| TWO SIGMA ADVISERS, LP 1.14% of their portfolio | 811.8k $493.0m | Reduced -171.1k |
| MARSHALL WACE, LLP 0.81% of their portfolio | 809.7k $491.8m | Added +483.0k |
| RHUMBLINE ADVISERS 0.46% of their portfolio | 788.5k $478.9m | Reduced -4.0k |
| SEI INVESTMENTS CO 0.69% of their portfolio | 776.9k $471.8m | Added +12.7k |
| National Pension Service 0.56% of their portfolio | 763.3k $463.6m | Added +5.3k |
| Pictet Asset Management Holding SA 0.50% of their portfolio | 762.5k $463.1m | Reduced -21.6k |
| California Public Employees Retirement System 0.32% of their portfolio | 750.9k $456.0m | Reduced -35.0k |
| DIMENSIONAL FUND ADVISORS LP 0.12% of their portfolio | 740.9k $450.0m | Reduced -22.4k |
| Global Assets Advisory, LLC 0.05% of their portfolio | 718.7k $1.2k | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.54% of their portfolio | 709.1k $430.7m | Reduced -2.3k |
| Sustainable Growth Advisers, LP 1.80% of their portfolio | 708.9k $430.5m | Reduced -152.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.15% of their portfolio | 682.8k $414.7m | Added +43.6k |
| Assenagon Asset Management S.A. 1.10% of their portfolio | 681.6k $413.9m | Added +327.7k |
| RAYMOND JAMES & ASSOCIATES 0.28% of their portfolio | 676.4k $410.8m | Added +92.0k |
| CITADEL ADVISORS LLC 0.40% of their portfolio | 676.2k $410.7m | Added +482.1k |
| Newlands Management Operations LLC 3.29% of their portfolio | 670.7k $407.3m | Unchanged |
| FIRST TRUST ADVISORS LP 0.40% of their portfolio | 649.0k $394.2m | Reduced -22.6k |
| Mirae Asset Global Investments Co., Ltd. 0.58% of their portfolio | 632.0k $266.6m | Reduced -29.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.50% of their portfolio | 629.4k $382.3m | Reduced -47.7k |
| LORD, ABBETT & CO. LLC 0.62% of their portfolio | 625.5k $379.9m | Added +70.0k |
| FIL Ltd 0.38% of their portfolio | 625.3k $379.7m | Reduced -313.8k |
| Robeco Institutional Asset Management B.V. 0.82% of their portfolio | 621.2k $377.3m | Added +31.0k |
| Jericho Capital Asset Management L.P. 9.93% of their portfolio | 613.0k $372.3m | New |
| TD Asset Management Inc 0.34% of their portfolio | 593.7k $360.6m | Added +16.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.42% of their portfolio | 592.0k $359.2m | Added +115.6k |
| Korea Investment CORP 0.89% of their portfolio | 578.0k $351.0m | Reduced -74.4k |
| Harding Loevner LP 2.16% of their portfolio | 577.6k $350.8m | Added +51.7k |
| CREDIT SUISSE AG/ 0.34% of their portfolio | 574.0k $348.6m | Reduced -72.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.32% of their portfolio | 571.5k $347.1m | Added +417.0k |
| GILDER GAGNON HOWE & CO LLC 4.25% of their portfolio | 560.6k $340.5m | Reduced -8.7k |
| VOYA INVESTMENT MANAGEMENT LLC 0.33% of their portfolio | 556.5k $337.6m | Reduced -409.6k |
| NATIXIS ADVISORS, LLC 0.77% of their portfolio | 552.7k $335.7m | Added +7.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.41% of their portfolio | 551.8k $335.1m | Added +178.3k |
| APG Asset Management N.V. 0.54% of their portfolio | 551.3k $310.0m | Reduced -22.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.46% of their portfolio | 551.1k $334.7m | Added +85.4k |
| MILLENNIUM MANAGEMENT LLC 0.28% of their portfolio | 550.6k $334.4m | Added +72.4k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 1.14% of their portfolio | 550.0k $334.0m | Added +220.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 1.19% of their portfolio | 537.6k $326.5m | Added +109.2k |
| 1832 Asset Management L.P. 0.59% of their portfolio | 532.3k $323.3m | Reduced -45.0k |
| CITIGROUP INC 0.34% of their portfolio | 517.4k $314.2m | Added +10.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.46% of their portfolio | 511.6k $310.7m | Added +182.1k |
| MACQUARIE GROUP LTD 0.35% of their portfolio | 503.3k $305.7m | Reduced -73.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.29% of their portfolio | 494.2k $300.1m | Added +6.3k |