Assenagon Asset Management Boosts Netflix Stake by 983%

Institutional investor now owns over 6.2 million shares of the streaming giant.

Mar. 24, 2026 at 7:09am

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Assenagon Asset Management S.A. significantly increased its holdings in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, growing its stake by 983.1% to 6,234,314 shares. The institutional investor now owns about 0.15% of Netflix, worth approximately $584.5 million.

Why it matters

This large increase in Assenagon's Netflix position suggests the firm sees significant upside potential in the stock, even as Netflix faces increased competition in the streaming space. Institutional investors' moves can provide valuable insights into the market's sentiment around a company.

The details

According to a recent SEC filing, Assenagon Asset Management acquired an additional 5,658,740 shares of Netflix during the fourth quarter, bringing its total holdings to 6,234,314 shares. This represents a nearly 10-fold increase in the firm's position compared to the prior quarter. Assenagon now owns about 0.15% of Netflix's outstanding shares, making it the 18th largest holder of the stock.

  • Assenagon increased its Netflix stake in the fourth quarter of 2025.

The players

Assenagon Asset Management S.A.

An institutional investment firm that significantly increased its holdings in Netflix during the fourth quarter.

Netflix, Inc.

The global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content.

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The takeaway

Assenagon's large increase in its Netflix position suggests the firm sees strong growth potential for the streaming giant, even as it faces rising competition in the crowded streaming landscape. Institutional investors' portfolio moves can provide valuable insights into market sentiment around a company.