Vanguard Capital Management Acquires 7.49% Stake in Netflix Inc

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a significant new ownership stake in Netflix Inc (NFLX). As of the event date on March 31, 2026, the firm beneficially owns 316,347,733 shares of common stock, representing a 7.49% ownership stake in the company. This filing marks a substantial increase from a previously reported 0.0% position, indicating a major entry or consolidation of holdings by the investment adviser. The filing specifies that Vanguard holds sole dispositive power over all 316,347,733 shares, while maintaining sole voting power over 41,947,081 shares. The reported holdings include securities managed by various Vanguard affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. Vanguard certified that these shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of Netflix Inc. This position represents a multi-billion dollar investment in the streaming giant.