According to the most recent reported 13F filings, institutional investors continued to show strong buying interest in Netflix Inc (NFLX), with several prominent hedge funds, quantitative managers, and long-term investors significantly increasing exposure during the quarter. The accumulation comes as Netflix continues to benefit from subscriber growth, expanding advertising revenue, improving operating margins, and strong free cash flow generation.
Below are the most notable buyers from the latest reported quarter:
Jeremy Grantham – Grantham, Mayo, Van Otterloo & Co. LLC
Shares: 4,049,031 Change: +4,016,502 Value: $0.39B
Jeremy Grantham’s GMO recorded the largest increase among tracked investors, adding more than 4 million shares during the quarter. The sizable purchase represents a major vote of confidence in Netflix’s long-term growth prospects as the company continues to expand its global subscriber base while increasing profitability.
Tom Russo – Gardner Russo & Quinn LLC
Shares: 5,610,666 Change: +605,901 Value: $0.54B
Tom Russo further increased an already substantial Netflix position. The addition is consistent with Russo’s long-standing preference for dominant global consumer franchises with strong pricing power and durable competitive advantages.
Cliff Asness – AQR Capital Management LLC
Shares: 2,935,087 Change: +283,941 Value: $0.28B
AQR expanded its Netflix stake by nearly 284,000 shares during the quarter. The purchase reflects continued confidence in the company’s improving financial profile and strong momentum across both subscription and advertising businesses.
Joel Greenblatt – Gotham Asset Management LLC
Shares: 517,412 Change: +160,043 Value: $0.05B
Joel Greenblatt’s Gotham Asset Management made a meaningful addition to its Netflix position. The increase suggests the firm sees attractive risk-adjusted returns supported by Netflix’s growing cash flows and expanding earnings base.
Ray Dalio – Bridgewater Associates, LP
Shares: 77,611 Change: +59,584 Value: $0.01B
Bridgewater significantly increased its exposure to Netflix during the quarter. The addition may reflect growing confidence in the company’s ability to generate consistent earnings growth despite increasing competition across the streaming industry.
Mario Gabelli – GAMCO Investors, Inc. ET AL
Shares: 142,255 Change: +20,505 Value: $0.01B
Mario Gabelli modestly increased GAMCO’s Netflix stake. The purchase signals continued confidence in Netflix’s dominant market position and its ability to monetize its large global audience through both subscriptions and advertising.
Steve Cohen – Point72 Asset Management, L.P.
Shares: 230,000 New Position Value: $0.02B
Steve Cohen initiated a new position in Netflix during the quarter. The new stake adds another prominent hedge fund manager to Netflix’s shareholder base and may reflect optimism regarding the company’s accelerating earnings growth and advertising opportunity.
Chris Bloomstran – Semper Augustus Investments Group LLC
Shares: 2,980 New Position Value: $0.00B
Chris Bloomstran also established a new position during the quarter. While relatively small, the purchase is notable given Bloomstran’s disciplined value-oriented investment approach and focus on businesses with strong long-term economics.
Overall Takeaway
Collectively, these filings highlight broad-based institutional accumulation of Netflix shares. The largest additions came from Jeremy Grantham’s GMO, Tom Russo’s Gardner Russo & Quinn, AQR Capital Management, and Gotham Asset Management, while Steve Cohen and Chris Bloomstran both initiated new positions.
The concentration of buying among quantitative firms, value-oriented managers, and long-term fundamental investors suggests continued confidence that Netflix remains one of the strongest franchises in global media. With expanding margins, growing advertising revenue, strong free cash flow generation, and a global subscriber base exceeding hundreds of millions of users, NFLX continues to attract significant institutional capital.
Interested in Buffett-style options strategies alongside long-term value investing?
Value Options Letter
focuses on conservative options strategies around undervalued businesses, including cash-secured puts, covered calls, and disciplined “getting paid to wait” opportunities inspired by Warren Buffett’s approach to risk and valuation.
Some links may be affiliate links, meaning I may earn a commission at no additional cost to you.
Value Options Letter
is a research publication and not personalized investment advice.
FREE U.S Large-Cap Stock Screener
Don’t forget to check out our FREE Large Cap 1000
Stock Screener,
here at The Acquirer’s Multiple:
