Top Buyers and Sellers in Netflix's Equity Market: Insights from 13F Filings
Netflix, Inc., a company in the consumer cyclical sector, is an internet television network with more than 33 million members across over 40 countries. With a workforce of 4,800 employees and listed on the NASDAQ exchange, Netflix offers its U.S. subscribers access to standard definition DVDs, Blu-ray discs, and a quick home delivery service.
The company's operations are categorized into three segments: Domestic streaming, International streaming, and Domestic DVD. Both Domestic and International streaming segments generate revenues through monthly subscription services that focus on streaming content, whereas the Domestic DVD segment earns revenue through monthly DVD-by-mail subscription services.
The latest 13F filings indicate changes in the equity market of Netflix Inc. The filings reveal the following information:
The top three buyers of NFLX shares, based on the value of their holdings, are:
- JPMorgan Chase & Co, which increased their holdings by 84.55%, now valued at $2.5 billion.
- Goldman Sachs Group Inc., despite a smaller percentage increase of 6.46%, holds Netflix shares valued at $785 million.
- Artisan Partners Limited Partnership, which saw a 43.58% increase in shares, now worth $626 million.
Here are the other top buyers:
- Waratah Capital Advisors Ltd. raised its stake by 58.84% to a value of $371 million.
- Assenagon Asset Management S.A. increased its holdings by 560.24%, now valued at $254 million.
- Los Angeles Capital Management & Equity Research Inc increased holdings by 573.50%, now worth $165 million.
- Schroder Investment Management Group increased its shareholding by 80.31% to a value of $262 million.
- Nordea Investment Management AB increased holdings by 416.97% to a value of $76 million.
- Twin Tree Management, LP increased its stake by 160.76%, now valued at $35 million.
- Ergoteles LLC has holdings now valued at $22 million in the Netflix equity market.
Top Sellers:
- Jennison Associates LLC, which reduced their stake by 28.62%, but still holds shares worth $1.36 billion.
- Regis Management Co LLC, Zenyatta Capital Management LP, Trivest Advisors Ltd, and Emerson Point Capital LP, all of which completely divested their Netflix holdings.
- Kovitz Investment Group Partners, LLC, which reduced their stake by 55.55%, now holding shares worth $2.87 million.
- Dupont Capital Management Corp reduced their shares by 97.57%, with holdings now worth $40,076.
- Capstone Investment Advisors, LLC decreased their holdings by 40.63%, now valued at $2.7 million.
- Toth Financial Advisory Corp reduced their holdings by 87.98%, now valued at $181,723.
- Coronation Fund Managers Ltd. no longer holds Netflix shares.
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