Netflix, Inc. (NFLX) Down on Negative News but Hedge Are Funds Bullish

In this way, it looks like hedge funds from our database are Bullish on Netflix. The company saw a slight inflow of capital, with 50 funds disclosing long positions with an aggregate value of $6.15 billion, which represented around 15% of its outstanding stock at the end of June. The number of funds with long positions went up by three between April and June, while the aggregate value of their holdings surged by 59.15%, fueled also by a 57.66% appreciation of the stock during the same period.

The most bullish hedge fund on Netflix, Inc. (NASDAQ:NFLX) at the end of June was Chase Coleman’s Tiger Global Management as it increased its stake in the entertainment content streaming company by 16.91 million shares to 18 million shares held as of the end of June. The position valued at $1.69 billion, was the second-largest in its equity portfolio. Karthik Sarma’s SRS Investment Management also increased its stake in Netflix on the quarter by 95% to end June with 10.22 million shares. John Overdeck and David Siegel’s Two Sigma Advisors initiated the largest stake in Netflix in the second quarter by acquiring 156,250 shares. On the other hand, Carl Icahn’s Icahn Capital unloaded its entire stake of some 1.41 million shares.

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