Netflix, Inc. (NFLX): The 10 Most Bullish Mega-Hedge Funds

Netflix, Inc. (NASDAQ:NFLX)’s stock is buzzing this week, with its price witnessing a jump of more than 24% to $217.12 a share at the time of this writing. Netflix’s total trading volume was also up 100% over its daily average yesterday, and investors haven’t given those gains back today. Just to remind you, Netflix, Inc. (NASDAQ:NFLX) came up with its quarterly earnings figures and the key takeaways are below:

1. Netflix’s U.S. streaming business recorded strong growth in Q1 with new subscriptions of over 2 million members.

2. Netflix reported revenue of $1.024 billion against a year on year (yoy) figure of $870 million.

3. The company managed to report operating income of $32 million against a loss of $2 million during the same period last year.

4. Net income for the first quarter was $3 million against a loss of $5 million during the same period last year.

5. Earnings per share (EPS) for the current quarter was $0.05 a share against a negative figure of $0.08 per share year-over-year.

Among the various hedge funds invested in Netflix, Inc. (NASDAQ:NFLX), Carl Icahn of Icahn Capital LP held the largest stake in the company with 5,541,066 shares worth $1,203 million. The stock also witnessed an increase in interest from other hedge funds, with many taking fresh positions in Netflix, Inc. (NASDAQ:NFLX) shares.

Photo Credit: Michel Ngilen

This includes Philippe Laffont of Coatue Management, Christopher Lord of Criterion Capital, Brian Kelly of Asian Century Quest, Christopher Medlock James of Partner Fund Management, Phill Gross And Robert Atchinson of Adage Capital Management and Jonathan Auerbach of Hound Partners.

Let’s check out the list of top 10 hedge funds invested in Netflix:

No. 10:

Fund name: Sac Capital Advisors

Manager: Steven Cohen
SAC CAPITAL ADVISORS
Shares of Netflix owned heading into 2013: 90,371
Today’s market value: $ 19,628,581
Activity:+1037%
Percentage of equity portfolio: 0.04%


No. 9:

Fund name: Zweig Dimenna Partners

Manager: Joe Dimenna

Shares of Netflix owned heading into 2013: 116,984
Today’s market value: $ 25,408,925
Activity: No Change
Percentage of equity portfolio: 0.48%


No. 8:

Fund name: Hound Partners


Shares of Netflix owned heading into 2013: 186,350
Today’s market value: $ 40,475,220
Activity: New Entrant in the list
Percentage of equity portfolio: 1.34%


No. 7:

Fund name: Adage Capital Management


Shares of Netflix owned heading into 2013: 250,000
Today’s market value: $ 54,300,000
Activity: New Entrant in the list
Percentage of equity portfolio: 0.08%


No. 6:

Fund name: Partner Fund Management


Shares of Netflix owned heading into 2013: 320,978
Today’s market value: $ 69,716,422
Activity: New Entrant in the list
Percentage of equity portfolio: 1.24%


No. 5:

Fund name: Asian Century Quest

Manager: Brian Kelly

Shares of Netflix owned heading into 2013: 360,000
Today’s market value: $ 78,192,000
Activity: New Entrant in the list
Percentage of equity portfolio: 6.39%


No. 4:

Fund name: Criterion Capital


Shares of Netflix owned heading into 2013: 427,089
Today’s market value: $ 92,763,731
Activity: New Entrant in the list
Percentage of equity portfolio: 2.11%


No. 3:

Fund name: Jana Partners

Barry Rosenstein JANA PARTNERS
Shares of Netflix owned heading into 2013: 1,000,000
Today’s market value: $ 217,200,000
Activity: +138%
Percentage of equity portfolio: 2.61%


No. 2:

Fund name: Coatue Management

COATUE MANAGEMENT
Shares of Netflix owned heading into 2013: 1,277,633
Today’s market value: $ 277,501,888
Activity: New Entrant in the list
Percentage of equity portfolio: 1.94%


No. 1:

Fund name: Icahn Capital LP

Manager: Carl Icahn
Carl Icahn
Shares of Netflix owned heading into 2013: 5,541,066
Today’s market value: $ 1,203,519,535
Activity: +343%
Percentage of equity portfolio: 3.99%