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Bill Ackman Returns to Netflix With 3.15 Million Share Stake Four Years After $430 Million Loss

By Market Flux··1 min read

Netflix, Inc. $NFLX

$78.24+5.44%as of publication

5D Change
+6.17%
Market Cap
$311.42B

Bill Ackman's Pershing Square Capital Management disclosed a new position in Netflix totaling 3.15 million shares, valued at approximately $2.1 billion and representing 4.9% of its portfolio as of June 30, marking the firm's biggest portfolio overhaul in years. The move comes roughly four years after Ackman exited Netflix in 2022 at an estimated $430 million loss. Ackman said Netflix has "effectively won the streaming wars" and expressed confidence that strong earnings growth will drive long-term value.

The Netflix stake was one of six new positions Pershing Square revealed, alongside Visa, Mastercard, Alcon, Intercontinental Exchange, and S&P Global. The disclosure arrives in a difficult stretch for Pershing Square's new U.S. fund, which was down 3.5% through July against a 13% gain for the S&P 500. Netflix shares surged more than 5% on the day of the announcement, extending a recovery from a 52-week low hit after the company's most recent earnings report.

The stock remains down roughly 20.9% year-to-date, a pullback that gave Pershing Square the opportunity to re-enter at reduced prices.

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Sources

  1. WallstengineBill Ackman is back in $NFLX Pershing Square disclosed a new 3.15M-share position, worth roughly $234M at current prices and making up 4.9% of its portfolio. Ackman previously invested in Netflix in 2022 before exiting the position a few months later at an estimated $430M loss.
  2. MarketsdayUS Stock Market – #Stocks Focus – 13th August 2026 Netflix $NFLX drew institutional buying interest after Bill Ackman’s Pershing Square disclosed a new 3.15 million share stake worth $2.1 billion. Dell Technologies $DELL extended its record-breaking rally past $484 as
  3. Seeking AlphaNetflix continues its live sports push with the MLB Field of Dreams game tonight
  4. MarketwatchBill Ackman once exited his Netflix stake in a huff. He’s buying the streaming giant again, as well as these five stocks.
  5. InvestingcomACKMAN’S PERSHING SQUARE TAKES NEW STAKE IN NETFLIX $NFLX , FIVE MORE COMPANIES
  6. Yahoo FinanceBill Ackman's Pershing Square buys Netflix, 5 other stocks in 2026
  7. ReutersAckman unveils six new investments including Netflix, Visa, Mastercard in biggest portfolio overhaul in years
  8. reuters.comAckman unveils six new investments including Netflix, Visa, Mastercard in biggest portfolio overhaul in years
Show 17 more
  1. InvestingAckman adds Netflix, Visa and Mastercard in portfolio revamp
  2. DeItaoneACKMAN MAKES HIS BIGGEST PORTFOLIO REVAMP IN YEARS Bill Ackman added six new holdings: Netflix ($NFLX), Visa ($V), Mastercard ($MA), Alcon ($ALC), Intercontinental Exchange ($ICE) and S&P Global ($SPGI). Ackman expects strong earnings growth to drive long-term value. His
  3. Street_InsiderAckman adds Netflix $NFLX , Visa $V and Mastercard $MA in portfolio revamp
  4. OpenOutcrier$NFLX $V $MA Ackman unveils six new investments including Netflix, Visa, Mastercard in biggest portfolio overhaul in years
  5. NaeemAslam23ACKMAN MAKES HIS BIGGEST PORTFOLIO SHAKE-UP IN YEARS AS SIX NEW STOCKS TARGET THE MARKET’S CHEAPER WINNERS Pershing Square added Netflix, Visa, Mastercard, Alcon, ICE and S&P Global, while its new U.S. fund was down 3.5% through July versus a 13% S&P 500 gain. The key
  6. AlphaspaceBill Ackman's Pershing Square has returned to $NFLX . As of June 30, Pershing Square's Netflix stake totaled 3.15 million shares. "Netflix has since effectively won the streaming wars."
  7. Unusual_WhalesBill Ackman has disclosed six new holdings: - Netflix, $NFLX - Visa, $V - Mastercard, $MA - Alcon, $ALC - Intercontinental Exchange, $ICE - S&P Global, $SPGI
  8. BenzingaBillionaire investor Bill Ackman is returning to Netflix Inc. $NFLX , taking a 3.15 million-share position four years after a $400 million loss. The new position represents 4.9% of Pershing Square’s portfolio and reflects Ackman’s renewed confidence that Netflix has emerged
  9. Nasdaq3 Reasons to Hold Netflix Stock Despite a 20.9% YTD Decline
  10. GerberKawasakiWelcome to Netflix @BillAckman a wonderful asset at a wonderful price. $NFLX
  11. BusinessInsiderAckman opened new positions in six stocks last quarter, including Netflix and Visa.
  12. BarronsBill Ackman Invests in Netflix and Visa in a Tough Year for His Pershing Square Funds
  13. BarronsonlineBill Ackman Invests in Netflix and Visa in a Tough Year for His Pershing Square Funds
  14. CNBCBill Ackman buys Netflix again four years after exit, says it has won the streaming wars
  15. nypost.comBill Ackman unveils 6 new investments including Netflix, Visa, Mastercard in major portfolio overhaul
  16. ETMarketsBill Ackman adds Netflix, Visa & Mastercard in biggest portfolio shake-up in years #ETMarkets
  17. invezz.comNetflix stock jumps 4% as Bill Ackman returns with a new stake