At Holdings Channel, we have reviewed the latest batch of the 74 most recent 13F filings for the 06/30/2025 reporting period, and noticed that Netflix Inc (Symbol: NFLX) was held by 27 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.
Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.
Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let’s take a look at the change in NFLX positions, for this latest batch of 13F filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000’s) |
|---|---|---|---|
| Polen Capital Management LLC | Existing | –72,838 | +$263,551 |
| ExodusPoint Capital Management LP | NEW | +10,514 | +$14,080 |
| Keystone Financial Group | Existing | +118 | +$1,203 |
| Dai ichi Life Insurance Company Ltd | Existing | +1,877 | +$15,303 |
| Arrowstreet Capital Limited Partnership | Existing | –28,772 | +$971,195 |
| D L Carlson Investment Group Inc. | Existing | –1,498 | +$236 |
| Westerkirk Capital Inc. | NEW | +10,325 | +$13,827 |
| Momentous Wealth Management Inc. | Existing | –48 | +$53 |
| M&T Bank Corp | Existing | –986 | +$15,716 |
| Portfolio Design Labs LLC | Existing | +1,229 | +$4,028 |
| Riverview Capital Advisers LLC | Existing | –27 | +$639 |
| ARK & TLK Investments LLC | Existing | +27 | +$127 |
| Osaic Holdings Inc. | Existing | –4,659 | +$41,795 |
| Fi3 FINANCIAL ADVISORS LLC | Existing | +34 | +$437 |
| Nearwater Capital Markets Ltd | NEW | +22,600 | +$30,264 |
| Constitution Capital LLC | Existing | +10 | +$107 |
| Trek Financial LLC | Existing | +2,804 | +$4,070 |
| River Wealth Advisors LLC | Existing | +43 | +$314 |
| Berbice Capital Management LLC | Existing | UNCH | +$97 |
| Groupe la Francaise | Existing | –6,753 | +$20,529 |
| Fort Sheridan Advisors LLC | Existing | +60 | +$406 |
| Granite Investment Partners LLC | Existing | UNCH | +$590 |
| AMJ Financial Wealth Management | NEW | +2,117 | +$2,834 |
| Pinkerton Wealth LLC | NEW | +2,153 | +$2,883 |
| Beacon Pointe Advisors LLC | Existing | +582 | +$6,349 |
| Arjuna Capital | Existing | –218 | +$1,213 |
| Wellspring Financial Advisors LLC | Existing | +15 | +$163 |
| Aggregate Change: | –61,291 | +$1,412,009 | |
In terms of shares owned, we count 11 of the above funds having increased existing NFLX positions from 03/31/2025 to 06/30/2025, with 9 having decreased their positions and 5 new positions. Worth noting is that Maplelane Capital LLC, included in this recent batch of 13F filers, exited NFLX common stock as of 06/30/2025.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the NFLX share count in the aggregate among all of the funds which held NFLX at the 06/30/2025 reporting period (out of the 5,373 we looked at in total). We then compared that number to the sum total of NFLX shares those same funds held back at the 03/31/2025 period, to see how the aggregate share count held by hedge funds has moved for NFLX. We found that between these two periods, funds increased their holdings by 6,230,549 shares in the aggregate, from 166,430,457 up to 172,661,006 for a share count increase of approximately 3.74%. The overall top three funds holding NFLX on 06/30/2025 were:
We’ll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Netflix Inc (Symbol: NFLX).
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