Bill Ackman's Pershing Square Capital Management is back in Netflix Inc (NFLX) in 2026 Q2, after 4 years out, according to the 13F-HR filed with the SEC on August 14, 2026. The filing lists 13.1M shares worth about $934M at June 30, 2026, 4.8% of the reported portfolio. NFLX enters the book as the 11th largest of 14 stock positions.
What did the 2026 Q2 filing report for NFLX?
As of June 30, 2026, from the 13F-HR filed August 14, 2026.
| Value | |
|---|---|
| Shares | 13.1M |
| Reported value | $934M |
| Portfolio weight | 4.8% |
| Rank in portfolio | 11th of 14 |
| Sold out in | 2022 Q2 |
| Out for | 4 years |
How big is the returning NFLX position?
Bill Ackman opened 5 stock positions in 2026 Q2; NFLX is the 4th largest of them by weight. An average stock position in the Bill Ackman portfolio is 7% of the reported value, so the new name starts below the fund's typical size.
Where does NFLX sit in the Bill Ackman portfolio?
NFLX ranks 11th of 14 stock positions in the Bill Ackman portfolio at 4.8%, below the fund's average stock position of 7%. The largest stock position is UBER at 12.72%. Next come BN at 12.58% and MSFT at 11.89%. The three largest stocks together are 37.2% of the book. The NFLX purchase was the 5th largest of the quarter's 14 position changes by percent change to portfolio. Across the 2026 Q2 portfolio, Bill Ackman reported 14 stock positions, with 5 opened and 2 closed. The total portfolio value is about $19.5B, up 36% from the prior quarter.
When did Bill Ackman hold NFLX before?
Bill Ackman held NFLX before. The fund first reported the name in the quarter ended March 31, 2022, sold out in 2022 Q2 and is back after 4 years out. Every reported trade is on the Bill Ackman NFLX trade history page.
Did other funds buy or sell NFLX in 2026 Q2?
Among the other tracked funds that had filed for 2026 Q2 as of August 14, 2026, 7 hold NFLX. Of those, one opened it this quarter. One other tracked fund sold out of it. The largest buyers of NFLX this quarter were Terry Smith, Thomas Russo and Phil Town. The largest sellers were Eagle Capital Management, Chase Coleman III and Josh Tarasoff. Every tracked holder of NFLX is on the NFLX ownership page.
FAQ
How many NFLX shares does Bill Ackman hold?
Bill Ackman holds 13.1M shares of NFLX as of June 30, 2026, worth about $934M.
What is NFLX's weight in the Bill Ackman portfolio?
NFLX is 4.8% of the Bill Ackman portfolio and ranks 11th of 14 stocks by weight.
Has Bill Ackman owned NFLX before?
Yes. Bill Ackman held NFLX before. The fund first reported the name in the quarter ended March 31, 2022, sold out in 2022 Q2 and is back after 4 years out.
How many other tracked funds hold NFLX?
7 other tracked funds that had filed for 2026 Q2 hold NFLX. One of them opened it this quarter.