Ackman Returns to Netflix in Biggest Portfolio Overhaul in Years

Analyst

โดย 24/7 Wall St.·

Summary · why it matters

Bill Ackman unveiled six new holdings in his biggest portfolio overhaul in years, including Netflix, Mastercard, and Visa. He said the shares were acquired starting in the second quarter and will be held in his investment funds, including Pershing Square USA. Ackman held Netflix briefly in 2022 and sold at a loss, and is re-entering while the stock trades deeply out of favor. Netflix's ad-supported tier represented over 60% of all Q1 sign-ups in countries where ads are available, and management expects ad revenue to roughly double to around $3 billion in 2026. The company repurchased $4.7 billion worth of its shares in Q2 2026, its largest buyback quarter ever, with $27.1 billion remaining under authorization.