Alaska's State Revenue Department Boosts Netflix Stake by 822%

The state fund now owns over 450,000 shares of the streaming giant after a major fourth-quarter investment.

Apr. 14, 2026 at 10:38am

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An extreme close-up of the intricate gears, locks, and metal components that make up the internal workings of a bank vault, conveying a sense of the secure storage of wealth and financial power.The Alaska state fund's major investment in Netflix reflects growing institutional confidence in the streaming giant's long-term prospects.Los Gatos Today

The State of Alaska Department of Revenue significantly increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 822.5% in the fourth quarter, according to a recent SEC filing. The state fund now owns 450,725 shares of the internet television network's stock, worth $42.3 million as of the end of 2025.

Why it matters

This large investment by the Alaska state fund highlights growing institutional interest in Netflix as the company continues to expand its streaming platform and advertising business. The move also reflects broader trends of state pension and revenue funds diversifying their portfolios into the tech sector.

The details

According to the 13F filing, the State of Alaska Department of Revenue acquired an additional 401,867 shares of Netflix during the fourth quarter of 2025, bringing its total position to 450,725 shares. This represents a significant 822.5% increase from the previous quarter. Netflix makes up 0.4% of the state fund's overall holdings, making it the 27th largest position.

  • The State of Alaska Department of Revenue filed its 13F report for the fourth quarter of 2025 on April 14, 2026.

The players

State of Alaska Department of Revenue

A state government investment fund that manages assets for the state of Alaska.

Netflix, Inc.

An American entertainment company and streaming platform that provides subscription-based access to films, TV series, and other video content.

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The takeaway

This substantial investment by the Alaska state fund underscores the growing institutional confidence in Netflix's long-term prospects, even as the company navigates industry-wide challenges around subscriber growth and profitability. The move also reflects the broader trend of state pension and revenue funds seeking exposure to high-growth tech companies to diversify their portfolios.