What smart money is saying about Netflix, Inc.

NFLX · Communication Services · Entertainment · Market cap $308.71B

11 funds in our archive have pitched Netflix, Inc. — most recently Hardman Johnston Global Equity (Hardman Johnston Global Advisors) in June 2026.

Company profile

Netflix, Inc. serves as a worldwide entertainment provider. Its comprehensive library features television series, motion pictures, documentaries, and mobile games, spanning numerous genres and languages. Members can effortlessly stream this content through a variety of internet-connected devices, including smart TVs, digital media players, cable boxes, and mobile phones. Furthermore, the company continues to offer a DVD-by-mail subscription service to its customers in the United States. With roughly 222 million paying subscribers distributed across 190 countries, Netflix was founded in 1997 and is headquartered in Los Gatos, California.

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Reported positions

Bought

Sold

Letters

Position history

Between Q4 2024 and Q3 2026, 19 fund letters reported a position in Netflix, Inc. — 7 opened or added to the position, 1 trimmed or exited.

Fund letters reporting a position in Netflix, Inc., by quarter
Quarter	Letters	Bought	Sold	Theses
Q3 2026	1	0	0	0
Q2 2026	13	4	1	3
Q1 2026	5	3	0	1
Q4 2025	0	0	0	2
Q3 2025	0	0	0	1
Q2 2025	0	0	0	1
Q4 2024	0	0	0	3

Fund activity · 19 positions · 8 moves

HoldsGuinness Global Innovators Fund
July 2026
“Further, Fund holding Netflix (-25.7%) disappointed by not raising its full-year guidance.”
Read the letterNetflix, Inc.
New positionFundsmith Equity Fund
June 2026
“We began accumulating stakes in AppLovin, GE Vernova, Legrand, Mastercard, Netflix, Nextpower, Sage, The TJX Companies, TSMC, Uber, Veeva Systems, and Yum! Brands.”
Read the letterNetflix, Inc.
AddedMar Vista U.S. Quality Strategy
June 2026
“We added to our holdings in Netflix (NFLX) and trimmed Alphabet (GOOG), Amazon (AMZN), Analog Devices (ADI), and TransDigm (TDG).”
Read the letterNetflix, Inc.
AddedQV Market Letter
June 2026
“During the quarter, our equity teams added to multiple existing holdings where valuations had compressed, such as Intact Financial in the QV Canadian Equity Strategy, Stella-Jones and Stantec in the QV Canadian Small Cap Strategy and Netflix in the QV Global Equity Strategy.”
Read the letterNetflix, Inc.
HoldsHarding Loevner Global Equity
June 2026
“In Communication Services, streaming giant Netflix reported solid growth but left its full-year outlook unchanged, suggesting growth could moderate in the second half and reinforcing investors’ concerns related to market saturation and competition from YouTube.”
Read the letterNetflix, Inc.
TrimmedClearBridge Investments Appreciation Strategy
June 2026
“The biggest detractors were Netflix, underweights to Micron Technology and Advanced Micro Devices, and not owning Intel and Applied Materials.”
Read the letterNetflix, Inc.
HoldsBaillie Gifford US Equity Growth
June 2026
“Shopify and Netflix were also among the detractors.”
Read the letterNetflix, Inc.
HoldsHarris Associates Global All Cap Strategy
June 2026
“Netflix was a detractor during the quarter.”
Read the letterNetflix, Inc.
HoldsAlger.com Focus Equity Fund
June 2026
“Shares detracted from performance during the quarter despite first-quarter results that beat on revenue and held full-year guidance intact.”
Read the letterNetflix, Inc.
HoldsMar Vista U.S. Quality Premier Portfolio
June 2026
“Netflix (NFLX) underperformed during the second quarter as shares retraced a portion of their strong first quarter gains following an extended period of outperformance.”
Read the letterNetflix, Inc.
HoldsHarding Loevner Global Developed Markets Equity
June 2026
“streaming giant Netflix reported solid growth but left its full-year outlook unchanged, suggesting growth could moderate in the second half and reinforcing investors’ concerns related to market saturation and competition from YouTube.”
Read the letterNetflix, Inc.
HoldsHarding Loevner Global Equity ADR
June 2026
“In Communication Services, streaming giant Netflix reported solid growth but left its full-year outlook unchanged, suggesting growth could moderate in the second half and reinforcing investors’ concerns related to market saturation and competition from YouTube.”
Read the letterNetflix, Inc.
New positionHardman Johnston Global Equity (Hardman Johnston Global Advisors)
June 2026
“During the quarter, we initiated one new position in Netflix, Inc.”
Read the letterNetflix, Inc.
HoldsHL Global Developed Markets Equity
May 2026
“In Communication Services, shares of Netflix declined for a third month in a row, as investors reacted to the slightly lower-than- expected guidance for second-quarter growth.”
Read the letterNetflix, Inc.
HoldsLarge-Cap Growth
March 2026
“Netflix, Inc. (NFLX) outperformed during the period as investor concerns around a potential acquisition of Warner Bros. Discovery subsided.”
Read the letterNetflix, Inc.
HoldsHL Global Carbon Transition Equity
March 2026
Listed in HL Global Carbon Transition Equity’s reported holdings.
Read the letterNetflix, Inc.
AddedMar Vista U.S. Quality Premier Portfolio
March 2026
“During the quarter-end rebalance of the Quality Premier strategy, we added to our holdings in Danaher (DHR), Netflix (NFLX) and Linde plc (LIN), and trimmed Intuit (INTU) and Meta Platforms (META).”
Read the letterNetflix, Inc.
Added1578 Partners, LP
March 2026
“Finally, we increased our positions in Amazon.com, Inc. common stock (NASDAQ: AMZN) and Netflix, Inc. common stock (NASDAQ: NFLX).”
Read the letterNetflix, Inc.
AddedMar Vista U.S. Quality Strategy
March 2026
“We added to our holdings in Broadcom (AVGO), GE Aerospace (GE), Netflix (NFLX) and NVIDIA (NVDA) and trimmed Intuit (INTU), Linde (LIN) and Taiwan Semiconductor (TSM).”
Read the letterNetflix, Inc.

Also mentioned · 4

These funds discuss Netflix, Inc. — as a competitor, benchmark or comparable — without disclosing a position in it.

MentionedClearBridge Investments Large Cap Growth Strategy
June 2026
“The largest relative detractors included Netflix and Intuitive Surgical as well as not holding Advanced Micro Devices, Lam Research and KLA.”
Read the letterNetflix, Inc.
MentionedHorizon Kinetics
June 2026
“This is what allowed a company like Netflix, at its peak, to be 35% of downstream internet traffic without paying much, if anything, to broadband providers like Verizon.”
Read the letterNetflix, Inc.
MentionedHolland Advisors VT Holland Advisors Equity Fund
May 2026
“Netflix: A changing capital cycle”
Read the letterNetflix, Inc.
MentionedHL Global Equity
May 2026
“In Communication Services, shares of Netflix declined for a third month in a row, as investors reacted to the slightly lower-than- expected guidance for second-quarter growth.”
Read the letterNetflix, Inc.

Fund coverage · 11 theses

Hardman Johnston Global Equity (Hardman Johnston Global Advisors)
June 2026
Netflix, Inc. has a durable flywheel of subscribers, content spend, pricing power, and multiple growth levers.
Read the full thesis
Fundsmith Equity Fund
June 2026
Netflix leads subscription streaming with unmatched scale, a large content budget, and growth from ads, password-sharing enforcement, and international expansion.
Read the full thesis
Holland Advisors VT Holland Advisors Equity Fund
May 2026
Netflix is described as a counter-positioned disruptor with scale and network economics, strong margins, and operational gearing as competition eases.
Read the full thesis
Oakmark Equity and Income Fund
March 2026
Netflix, Inc. is the scaled leader in streaming with a moat from content economics and an attractive valuation despite transient concerns.
Read the full thesis
Mar Vista US Quality Premier
December 2025
Netflix has a global-scale streaming moat, attractive entry dynamics, and potential IP expansion, supporting 15–20% intrinsic value compounding.
Read the full thesis
Sands Capital Select Growth
December 2025
Netflix is the leading streaming platform that could enhance engagement and pricing power through strategic studio ownership despite antitrust risk.
Read the full thesis
Loomis Sayles Growth Fund
September 2025
Netflix is poised for significant growth as it capitalizes on the shift to streaming, increasing its share of global consumer spending and improving operating margins, making it a compelling investment opportunity.
Read the full thesis
Loomis Sayles Growth Fund
June 2025
Netflix is positioned to capitalize on the shift to streaming, likely increasing its share of global consumer entertainment spending and generating sustainable growth in free cash flow, resulting in a significant reward-to-risk investment opportunity.
Read the full thesis
Nightview capital
December 2024
Netflix is leveraging its streaming leadership to expand into advertising and live events, with strong subscriber growth and operational excellence, indicating significant future growth potential.
Read the full thesis
Loomis Sayles Growth Fund
December 2024
Netflix is poised for long-term growth with an improving financial model, increasing operating margins, and a significant opportunity in the global streaming market, leading to strong free cash flow and a compelling investment opportunity.
Read the full thesis
Guinness Global Innovators
December 2024
Netflix is a dominant streaming platform with a solid growth trajectory, benefiting from a vast content library, effective management, and expanding international markets, despite its premium valuation.
Read the full thesis

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