undamentalytics Newsletter

Netflix: which funds bought and sold

Institutions that bought and sold Netflix shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 1,632 institutions that filed 13F reports for both quarters added to or opened positions in Netflix, and 1,754 cut or closed them. Together they sold a net 70.6M shares, −2.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 101.2M shares (−11.0%); index fund managers were net buyers of 18.1M shares (+1.7%). 153 opened a new position and 389 sold out entirely.

Bought, Q2 2026 1,632 institutions, 153 of them new holders Sold, Q2 2026 1,754 institutions, 389 of them sold out
Net change, all compared −70.6M shares (−2.1%)
Net change, active managers −101.2M shares (−11.0%), 57 bought, 83 sold

Buyers versus sellers

institutions compared, 3,676
Active managers and hedge funds 57 bought · 83 sold · −101.2M
Index fund managers 6 bought · 6 sold · +18.1M
Other institutions 1,569 bought · 1,665 sold · +12.4M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Pershing Square Inc. Hedge fund +13.1M New position 13.1M $934M
Goldman Sachs Group Inc +9.0M +30.7% 38.5M $2.7B
State Street Corp Index funds +8.5M +4.9% 180.1M $12.9B
Citadel Advisors LLC Hedge fund +7.1M +412.2% 8.8M $631M
Fundsmith LLP Active manager +7.0M New position 7.0M $499M
Renaissance Technologies LLC Hedge fund +6.8M +275718.1% 6.8M $485M
Geode Capital Management, LLC Index funds +6.8M +6.6% 110.3M $7.8B
Grantham, Mayo, Van Otterloo & Co. LLC Active manager +6.3M +155.6% 10.4M $739M
Healthcare Of Ontario Pension Plan Trust Fund +5.4M +336.8% 7.1M $504M
SG Americas Securities, LLC +5.2M +140.9% 9.0M $639M
Bank Of Montreal +4.3M +16.2% 30.9M $2.2B
Susquehanna International Group, LLP +4.1M +94.2% 8.5M $610M
Invesco Ltd. +4.0M +3.0% 135.4M $9.7B
Daiwa Securities Group Inc. +3.9M +45.6% 12.4M $889M
BNP Paribas Financial Markets +3.3M +54.1% 9.4M $669M
Employees Provident Fund Board +3.3M +433.3% 4.0M $286M
National Bank Of Canada +3.1M +57.6% 8.4M $599M
American Century Companies Inc Active manager +3.0M +15.6% 22.4M $1.6B
Nuveen, LLC +3.0M +12.9% 26.0M $1.9B
Assenagon Asset Management S.A. +2.9M +36.8% 10.9M $780M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
FMR LLC Active manager −68.7M −33.6% 135.9M $9.7B
Bank Of America Corp −20.5M −35.4% 37.5M $2.7B
Jpmorgan Chase & Co −18.6M −29.6% 44.3M $3.3B
Capital World Investors Active manager −11.8M −11.9% 87.3M $6.2B
Edgewood Management LLC Active manager −8.2M −58.5% 5.8M $415M
Franklin Resources Inc Active manager −7.5M −34.4% 14.4M $1B
Wellington Management Group LLP Active manager −7.4M −21.0% 28.0M $2B
T. Rowe Price Investment Management, Inc. Active manager −7.2M −95.4% 353K $25.2M
Winslow Capital Management, LLC Active manager −6.3M −99.8% 12K $859,727
Baillie Gifford & Co Active manager −5.6M −25.8% 16.2M $1.2B
Price T Rowe Associates Inc Active manager −5.5M −5.5% 93.6M $6.7B
Eagle Capital Management LLC Active manager −5.3M −98.9% 60K $4.3M
Voya Investment Management LLC −4.3M −80.4% 1.0M $74.8M
Ameriprise Financial Inc −4.2M −23.4% 13.8M $986M
Sands Capital Management, LLC Active manager −4.1M −43.3% 5.3M $381M
1832 Asset Management L.P. −3.9M −84.5% 718K $51.3M
Clearbridge Investments, LLC Active manager −3.6M −18.2% 16.0M $1.1B
Pentwater Capital Management LP Hedge fund −3.1M Sold out 0 —
Sei Investments Co −2.9M −55.9% 2.3M $165M
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC −2.7M −7.9% 31.2M $2.2B

New positions

largest by value
InstitutionSharesValue June 30, 2026
Pershing Square Inc.Hedge fund 13.1M $934M
Fundsmith LLPActive manager 7.0M $499M
Fundsmith Investment Services Ltd. 2.2M $156M
Susquehanna Advisors Group, Inc. 1.6M $117M
Trexquant Investment LPHedge fund 1.2M $86.8M
Harvard Management Co Inc 1.1M $78.8M
Optiver Holding B.V. 1.0M $74.9M
Unisphere Establishment 925K $66.1M
Aquatic Capital Management LLC 785K $56.1M
Qube Research & Technologies LtdHedge fund 584K $41.7M

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Pentwater Capital Management LPHedge fund 3.1M $297M
Tiger Global Management LLCHedge fund 2.4M $235M
Marsico Capital Management LLCActive manager 1.5M $148M
Foxhaven Asset Management, LPHedge fund 1.5M $141M
Bsn Capital Partners Ltd 1.3M $139M
Alyeska Investment Group, L.P.Hedge fund 808K $77.6M
Meridiem Capital Partners LP 445K $42.8M
Optimus Prime Fund Management Co., Ltd. 400K $38.5M
Scopus Asset Management, L.P.Hedge fund 364K $35M
Exoduspoint Capital Management, LPHedge fund 350K $33.6M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
3,343
Ten largest holders
45.4%
of 13F-reported shares
Index fund managers
32.5%
of 13F-reported shares
Active managers and hedge funds
24.1%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 57 83 6 19 −101.2M −11.0%
Index fund managers 6 6 0 0 +18.1M +1.7%
Other institutions 1,569 1,665 147 370 +12.4M +0.9%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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