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Eagle Capital Management reduced its NFLX position by 99%, from 1.73% to 0.01% of the portfolio.

Now holds 60,230 shares worth $4.3M.
Published · Based on SEC filings

Low impact
Major trim
2026 Q2

Eagle Capital Management sold 5.29M shares of Netflix Inc (NFLX) in 2026 Q2, according to the 13F-HR filed with the SEC on August 14, 2026, 99% of the position. What remains is 60.2K shares worth about $4.3M, 0.01% of the portfolio against 1.73% a quarter earlier.

What did the 2026 Q2 filing report for NFLX?

As of June 30, 2026, from the 13F-HR filed August 14, 2026.

Before After
Shares 5.35M 60.2K
Shares sold -5.29M (99%)
Reported value $514.4M $4.3M
Portfolio weight 1.73% 0.01%
Rank in portfolio 46th of 56

How much did Eagle Capital Management cut NFLX?

Eagle Capital Management sold 5.29M shares of NFLX during 2026 Q2, cutting the stake from 5.35M to 60.2K. The reported value of the position fell by about $510.1M, from about $514.4M to about $4.3M.

Where does NFLX sit in the Eagle Capital Management portfolio?

NFLX ranks 46th of 56 stock positions in the Eagle Capital Management portfolio at 0.01%, below the fund's average stock position of 2%. The NFLX cut was the 11th largest of the quarter's 52 position changes by percent change to portfolio. The largest stock position is AMZN at 8.28%. Next come UNH at 7.33% and MELI at 7.29%. The three largest stocks together are 22.89% of the book. Across the 2026 Q2 portfolio, Eagle Capital Management reported 56 stock positions, with none opened and 4 closed. The total portfolio value is about $32.7B, up 10% from the prior quarter.

Eagle Capital Management buys and sells, 2026 Q2

How long has Eagle Capital Management held NFLX?

Eagle Capital Management first reported NFLX in the quarter ended December 31, 2019. The weight peaked at 7.2% in 2022 Q4. Last quarter the fund had added to the position by 8,423%, so the cut reverses the prior move. Every reported trade is on the Eagle Capital Management NFLX trade history page.

Eagle Capital Management shares of NFLX by quarter

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, 2 added to the position this quarter and 2 trimmed it. The largest buyers of NFLX this quarter were Bill Ackman, Terry Smith and Thomas Russo. The largest sellers were Chase Coleman III, Josh Tarasoff and Polen Capital Management. Every tracked holder of NFLX is on the NFLX ownership page.

FAQ

How many NFLX shares did Eagle Capital Management sell in 2026 Q2?

Eagle Capital Management sold 5.29M shares of NFLX, 99% of the position, leaving 60.2K shares.

What remains of the NFLX position of Eagle Capital Management?

Eagle Capital Management still holds 60.2K shares of NFLX, worth about $4.3M at June 30, 2026 prices.

How much of the Eagle Capital Management portfolio is NFLX now?

NFLX is 0.01% of the Eagle Capital Management portfolio, down from 1.73% a quarter earlier.

Did other funds trim NFLX in 2026 Q2?

Among the 7 other tracked funds that hold NFLX, 2 trimmed it in 2026 Q2 and 2 added to it.

Source: based on original SEC filings

Figures are from the fund's 13F, which lists long US-listed positions at quarter-end prices. Cash, short positions and most non-US holdings are not reported.
Stocks mentioned
Alan Irwin
Alan Irwin
Valuesider analyst