22 Prominent Investors Hold Netflix Stock, With 14 Increasing Their Stakes Recently -- Including Bill Ackman's Pershing Square. Should You Follow Their Example?
Bill Ackman closed his Netflix position in 2022. A 50% drawdown and a collapsed multiple brought him back.
Overview
Most Netflix (NASDAQ: NFLX) shares are held by exchange-traded funds and other financial institutions. The Vanguard Total Stock Market Index ETF (NYSEMKT: VTI) alone owns 3.2% of Netflix stock. That's par for the course, since Netflix is among the top 50 stocks on Wall Street by market cap.
But Netflix's popularity goes far beyond the funds required to hold it. Many billionaires and hedge funds that define their own stock-picking models are buying Netflix right now. Data from GuruFocus shows 22 of these funds owning Netflix stock in current ownership filings, and 14 of them increased their stakes recently.
Details
For instance, Bill Ackman's Pershing Square Capital Management has focused on just 14 stocks -- and Netflix made the list. After closing Pershing Square's Netflix position in June 2022, Ackman rebuilt the position in Q2 of 2026.
Source
Originally published at www.fool.com.