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 ($997.8m this quarter). Holder counts are more reliable. Shares outstanding: 429.2m as of 2024-06-30, 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 ≈ $674.40. Options: 93 managers hold calls ($10.6bn notional), 79 hold puts ($13.8bn).
Trends to Q2 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 |
| Q2 2024 | 2,644 |
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 |
| Q2 2024 | 1,336 | 1,027 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $10.1bn | $12.8bn | 1.27 |
| Q4 2023 | $13.4bn | $17.6bn | 1.32 |
| Q1 2024 | $11.5bn | $15.0bn | 1.31 |
| Q2 2024 | $10.6bn | $13.8bn | 1.30 |
Biggest buyers
| WELLINGTON MANAGEMENT GROUP LLP | Added | +1.2m |
| VIKING GLOBAL INVESTORS LP | New | +932.9k |
| ALLIANCEBERNSTEIN L.P. | Added | +906.9k |
| AXIOM INVESTORS LLC /DE | New | +673.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +643.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +519.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +459.9k |
| Invesco Ltd. | Added | +445.5k |
| VANGUARD GROUP INC | Added | +420.5k |
| Bank Julius Baer & Co. Ltd, Zurich | Added | +316.6k |
Biggest sellers
| MORGAN STANLEY | Reduced | -12.2m |
| POLEN CAPITAL MANAGEMENT LLC | Reduced | -1.7m |
| D. E. Shaw & Co., Inc. | Reduced | -1.0m |
| GQG Partners LLC | Reduced | -947.8k |
| Capital International Investors | Reduced | -857.5k |
| Global Assets Advisory, LLC | Sold out | -718.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -631.4k |
| CITADEL ADVISORS LLC | Reduced | -480.8k |
| Mirae Asset Global Investments Co., Ltd. | Reduced | -446.1k |
| COATUE MANAGEMENT LLC | Reduced | -444.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.1bn3.1m shares |
| CITADEL ADVISORS LLC | Reduced | $1.8bn2.6m shares |
| IMC-Chicago, LLC | Reduced | $1.0bn1.5m shares |
| JANE STREET GROUP, LLC | Reduced | $657.4m974.1k shares |
| CTC LLC | Reduced | $415.1m6.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $375.0m555.6k shares |
| BARCLAYS PLC | Added | $355.4m526.6k shares |
| GTS SECURITIES LLC | Reduced | $346.8m513.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $296.0m438.6k shares |
| ALKEON CAPITAL MANAGEMENT LLC | Reduced | $270.0m400.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.1bn3.2m shares |
| CITADEL ADVISORS LLC | Reduced | $1.8bn2.7m shares |
| IMC-Chicago, LLC | Added | $1.2bn1.7m shares |
| JANE STREET GROUP, LLC | Reduced | $887.7m1.3m shares |
| WOLVERINE TRADING, LLC | Added | $599.9m888.9k shares |
| CTC LLC | Reduced | $515.3m7.6k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $463.7m687.1k shares |
| CMT Capital Markets Trading GmbH | Added | $450.6m667.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $442.9m656.3k shares |
| UBS Group AG | Reduced | $432.7m641.2k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2024 | 0 | — | 5 | $46.4m | $45.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-14 | Peters Gregory K Co-CEO, director | Sold plan | $3.2m4.8k shares |
| 2024-06-03 | HASTINGS REED Executive Chairman, director | Sold plan | $12.6m19.9k shares |
| 2024-05-21 | Peters Gregory K Co-CEO, director | Sold plan | $3.1m4.8k shares |
| 2024-05-09 | Neumann Spencer Adam Chief Financial Officer | Sold | $345.8k564 shares |
| 2024-05-03 | Sweeney Anne M Director | Sold plan | $1.8m3.0k shares |
| 2024-05-03 | Peters Gregory K Co-CEO, director | Sold | $758.9k1.3k shares |
| 2024-05-03 | HYMAN DAVID A Chief Legal Officer | Sold | $159.1k268 shares |
| 2024-05-01 | HASTINGS REED Executive Chairman, director | Sold plan | $10.1m18.4k shares |
| 2024-05-01 | Sweeney Anne M Director | Sold plan | $354.5k633 shares |
| 2024-04-30 | Sweeney Anne M Director | Sold plan | $1.3m2.4k shares |
| 2024-04-01 | HASTINGS REED Executive Chairman, director | Sold plan | $12.6m20.6k 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, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.48% of their portfolio | 37.0m $25.0bn | Added +420.5k |
| BlackRock Inc. 0.48% of their portfolio | 31.6m $21.3bn | Added +223.6k |
| FMR LLC 0.92% of their portfolio | 21.2m $14.3bn | Added +218.3k |
| JPMORGAN CHASE & CO 0.57% of their portfolio | 19.4m $13.1bn | Added +278.4k |
| STATE STREET CORP 0.49% of their portfolio | 16.5m $11.2bn | Added +1.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 1.00% of their portfolio | 12.3m $8.3bn | Added +643.2k |
| Capital World Investors 1.31% of their portfolio | 11.9m $8.0bn | Added +293.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.53% of their portfolio | 9.0m $6.1bn | Added +236.9k |
| MORGAN STANLEY 0.43% of their portfolio | 8.3m $5.6bn | Reduced -12.2m |
| JENNISON ASSOCIATES LLC 2.89% of their portfolio | 6.7m $4.5bn | Added +292.8k |
| Capital International Investors 0.87% of their portfolio | 6.2m $4.2bn | Reduced -857.5k |
| Capital Research Global Investors 0.84% of their portfolio | 5.7m $3.8bn | Added +27.7k |
| BANK OF AMERICA CORP /DE/ 0.36% of their portfolio | 5.5m $3.7bn | Reduced -631.4k |
| NORGES BANK 0.54% of their portfolio | 5.3m $3.6bn | Added +272.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.59% of their portfolio | 4.9m $3.3bn | Added +1.2m |
| ALLIANCEBERNSTEIN L.P. 1.13% of their portfolio | 4.8m $3.2bn | Added +906.9k |
| BAILLIE GIFFORD & CO 2.50% of their portfolio | 4.8m $3.2bn | Added +106.8k |
| LOOMIS SAYLES & CO L P 4.08% of their portfolio | 4.4m $3.0bn | Reduced -56.0k |
| Fisher Asset Management, LLC 1.28% of their portfolio | 4.4m $2.9bn | Added +172.5k |
| NORTHERN TRUST CORP 0.47% of their portfolio | 4.2m $2.8bn | Reduced -41.9k |
| EDGEWOOD MANAGEMENT LLC 7.24% of their portfolio | 4.0m $2.7bn | Reduced -418.0k |
| Invesco Ltd. 0.56% of their portfolio | 3.9m $2.7bn | Added +445.5k |
| Bank of New York Mellon Corp 0.42% of their portfolio | 3.3m $2.2bn | Added +83.8k |
| BANK OF MONTREAL /CAN/ 0.67% of their portfolio | 3.2m $2.2bn | Added +98.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.54% of their portfolio | 2.8m $1.9bn | Added +519.4k |
| Legal & General Group Plc 0.51% of their portfolio | 2.7m $1.8bn | Added +10.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.33% of their portfolio | 2.5m $1.7bn | Added +66.3k |
| GOLDMAN SACHS GROUP INC 0.33% of their portfolio | 2.5m $1.7bn | Added +197.0k |
| ROYAL BANK OF CANADA 0.39% of their portfolio | 2.4m $1.6bn | Reduced -29.7k |
| Nuveen Asset Management, LLC 0.45% of their portfolio | 2.3m $1.5bn | Added +225.7k |
| Clearbridge Investments, LLC 1.23% of their portfolio | 2.3m $1.5bn | Reduced -302.3k |
| SRS Investment Management, LLC 19.69% of their portfolio | 2.1m $1.4bn | Reduced -38.7k |
| POLEN CAPITAL MANAGEMENT LLC 3.59% of their portfolio | 2.1m $1.4bn | Reduced -1.7m |
| Amundi 0.44% of their portfolio | 1.7m $1.2bn | Reduced -211.6k |
| SANDS CAPITAL MANAGEMENT, LLC 3.17% of their portfolio | 1.6m $1.1bn | Reduced -86.4k |
| BARCLAYS PLC 0.47% of their portfolio | 1.5m $1.0bn | Reduced -91.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.60% of their portfolio | 1.5m $1.0bn | Added +22.9k |
| Artisan Partners Limited Partnership 1.48% of their portfolio | 1.4m $975.0m | Reduced -110.9k |
| GQG Partners LLC 1.47% of their portfolio | 1.4m $972.1m | Reduced -947.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 1.06% of their portfolio | 1.4m $962.6m | Added +118.5k |
| HSBC HOLDINGS PLC 0.58% of their portfolio | 1.3m $897.2m | Added +75.2k |
| DEUTSCHE BANK AG\ 0.39% of their portfolio | 1.3m $870.3m | Added +290.2k |
| Swiss National Bank 0.59% of their portfolio | 1.3m $865.1m | Reduced -28.8k |
| WELLS FARGO & COMPANY/MN 0.22% of their portfolio | 1.3m $850.6m | Added +70.7k |
| AMERICAN CENTURY COMPANIES INC 0.52% of their portfolio | 1.3m $848.2m | Added +24.0k |
| JANUS HENDERSON GROUP PLC 0.45% of their portfolio | 1.3m $844.7m | Reduced -3.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.83% of their portfolio | 1.2m $842.4m | Reduced -87.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.61% of their portfolio | 1.2m $826.4m | Reduced -120.4k |
| UBS Group AG 0.25% of their portfolio | 1.2m $803.7m | Added +112.1k |
| AMERIPRISE FINANCIAL INC 0.20% of their portfolio | 1.1m $756.9m | Added +57.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.82% of their portfolio | 1.1m $748.6m | Reduced -257.9k |
| FRANKLIN RESOURCES INC 0.23% of their portfolio | 1.1m $748.4m | Added +147.1k |
| EAGLE CAPITAL MANAGEMENT LLC 2.64% of their portfolio | 1.1m $712.5m | Reduced -400.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.61% of their portfolio | 1.0m $696.0m | Added +459.9k |
| VIKING GLOBAL INVESTORS LP 2.42% of their portfolio | 932.9k $629.6m | New |
| DIMENSIONAL FUND ADVISORS LP 0.16% of their portfolio | 912.7k $616.0m | Added +171.8k |
| D. E. Shaw & Co., Inc. 0.75% of their portfolio | 787.9k $531.7m | Reduced -1.0m |
| GARDNER RUSSO & QUINN LLC 5.58% of their portfolio | 782.1k $527.8m | Reduced -92.0k |
| RHUMBLINE ADVISERS 0.49% of their portfolio | 779.3k $525.9m | Reduced -9.2k |
| California Public Employees Retirement System 0.38% of their portfolio | 775.8k $523.6m | Added +24.9k |
| National Pension Service 0.59% of their portfolio | 762.0k $514.3m | Reduced -1.3k |
| FIRST TRUST ADVISORS LP 0.51% of their portfolio | 737.1k $497.5m | Added +88.1k |
| Pictet Asset Management Holding SA 0.56% of their portfolio | 718.0k $484.6m | Reduced -44.5k |
| RAYMOND JAMES & ASSOCIATES 0.32% of their portfolio | 715.8k $483.1m | Added +39.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.58% of their portfolio | 702.3k $474.0m | Reduced -6.8k |
| SEI INVESTMENTS CO 0.64% of their portfolio | 674.2k $455.0m | Reduced -102.7k |
| AXIOM INVESTORS LLC /DE 3.96% of their portfolio | 673.8k $454.8m | New |
| Newlands Management Operations LLC 3.73% of their portfolio | 670.7k $452.7m | Unchanged |
| Alecta Tjanstepension Omsesidigt 2.52% of their portfolio | 670.7k $452.4m | Added +195.7k |
| CITIGROUP INC 0.43% of their portfolio | 660.3k $445.6m | Added +142.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.52% of their portfolio | 648.3k $441.1m | Added +56.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.15% of their portfolio | 643.5k $434.3m | Reduced -39.3k |
| Robeco Institutional Asset Management B.V. 0.92% of their portfolio | 634.3k $428.1m | Added +13.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.46% of their portfolio | 624.5k $421.5m | Added +72.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.55% of their portfolio | 623.8k $421.0m | Reduced -5.7k |
| COATUE MANAGEMENT LLC 1.61% of their portfolio | 612.3k $413.2m | Reduced -444.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.50% of their portfolio | 609.9k $411.6m | Added +58.8k |
| PRUDENTIAL FINANCIAL INC 0.61% of their portfolio | 603.7k $407.4m | Added +119.0k |
| NATIXIS ADVISORS, LLC 0.88% of their portfolio | 600.5k $405.3m | Added +47.8k |
| TD Asset Management Inc 0.38% of their portfolio | 600.2k $405.1m | Added +6.5k |
| Winslow Capital Management, LLC 1.44% of their portfolio | 589.7k $398.0m | Reduced -233.7k |
| TWO SIGMA ADVISERS, LP 0.88% of their portfolio | 584.9k $394.7m | Reduced -226.9k |
| Sustainable Growth Advisers, LP 1.73% of their portfolio | 581.4k $392.4m | Reduced -127.5k |
| Magellan Asset Management Ltd 3.66% of their portfolio | 569.3k $384.2m | Added +77.1k |
| Harding Loevner LP 2.05% of their portfolio | 551.1k $371.9m | Reduced -26.4k |
| CANADA LIFE ASSURANCE Co 0.68% of their portfolio | 531.6k $358.9m | Added +80.0k |
| VOYA INVESTMENT MANAGEMENT LLC 0.35% of their portfolio | 531.3k $358.1m | Reduced -25.3k |
| GILDER GAGNON HOWE & CO LLC 4.47% of their portfolio | 528.2k $356.5m | Reduced -32.4k |
| MARSHALL WACE, LLP 0.50% of their portfolio | 523.0k $353.0m | Reduced -286.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.35% of their portfolio | 514.2k $347.0m | Added +20.0k |
| APG Asset Management N.V. 0.57% of their portfolio | 509.7k $321.0m | Reduced -41.6k |
| Korea Investment CORP 0.85% of their portfolio | 499.2k $336.9m | Reduced -78.8k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.80% of their portfolio | 496.6k $335.8m | First filing |
| LORD, ABBETT & CO. LLC 0.54% of their portfolio | 485.4k $327.6m | Reduced -140.0k |
| STIFEL FINANCIAL CORP 0.36% of their portfolio | 475.6k $321.0m | Added +5.9k |
| LPL Financial LLC 0.16% of their portfolio | 475.1k $320.6m | Added +23.4k |
| NEUBERGER BERMAN GROUP LLC 0.26% of their portfolio | 470.8k $317.7m | Added +193.2k |
| MACQUARIE GROUP LTD 0.36% of their portfolio | 466.4k $314.8m | Reduced -36.9k |
| FRED ALGER MANAGEMENT, LLC 1.53% of their portfolio | 465.2k $314.0m | Added +21.0k |
| Swedbank AB 0.41% of their portfolio | 457.2k $308.5m | Added +100.6k |