Frank Sands's NFLX Position Overview
Frank Sands (via Sands Capital Management, LLC) currently holds 11.2M shares of Netflix, Inc. (NFLX) worth $1.34 B, representing 3.71% of the portfolio. First purchased in 2015-Q4, this long-term strategic position has been held for 40 quarters.
Based on 13F filings, Frank Sands has maintained a strategic position in NFLX, demonstrating sustained confidence in this investment. Largest addition occurred in Q1 2017, adding 15.7M shares. Largest reduction occurred in Q1 2022, reducing 11.8M shares.
Analysis based on 13F filings available since 2013 Q2
Frank Sands's Netflix (NFLX) Holding Value Over Time
Track share changes against reported price movement
Quarterly Netflix (NFLX) Trades by Frank Sands
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2015 | +7.45 M | New Buy | 74.52 M | $11.44 |
| Q1 2016 | -10.25 M | Reduce 13.76% | 64.27 M | $10.22 |
| Q2 2016 | +14.87 M | Add 23.14% | 79.14 M | $9.15 |
| Q3 2016 | -6.13 M | Reduce 7.75% | 73 M | $9.86 |
| Q4 2016 | -8.19 M | Reduce 11.21% | 64.82 M | $12.38 |
| Q1 2017 | +15.71 M | Add 24.24% | 80.53 M | $14.78 |
| Q2 2017 | -4.97 M | Reduce 6.17% | 75.56 M | $14.94 |
| Q3 2017 | -4.28 M | Reduce 5.67% | 71.27 M | $18.14 |
| Q4 2017 | -2.86 M | Reduce 4.02% | 68.41 M | $19.20 |
| Q1 2018 | -4.74 M | Reduce 6.93% | 63.67 M | $29.54 |
| Q2 2018 | -7.11 M | Reduce 11.16% | 56.57 M | $39.14 |
| Q3 2018 | -3.9 M | Reduce 6.89% | 52.67 M | $37.41 |
| Q4 2018 | +846,720 | Add 1.61% | 53.52 M | $26.77 |
| Q1 2019 | -2.69 M | Reduce 5.02% | 50.83 M | $35.66 |
| Q2 2019 | -1.26 M | Reduce 2.48% | 49.57 M | $36.73 |
| Q3 2019 | -1.28 M | Reduce 2.58% | 48.29 M | $26.76 |
| Q4 2019 | -5.92 M | Reduce 12.26% | 42.37 M | $32.36 |
| Q1 2020 | +13 M | Add 30.68% | 55.37 M | $37.55 |
| Q2 2020 | -1.5 M | Reduce 2.70% | 53.87 M | $45.50 |
| Q3 2020 | -2.86 M | Reduce 5.31% | 51.01 M | $50.00 |
| Q4 2020 | -2.77 M | Reduce 5.43% | 48.24 M | $54.07 |
| Q1 2021 | +4.08 M | Add 8.45% | 52.32 M | $52.17 |
| Q2 2021 | +135,680 | Add 0.26% | 52.45 M | $52.82 |
| Q3 2021 | -430,630 | Reduce 0.82% | 52.02 M | $61.03 |
| Q4 2021 | -6.27 M | Reduce 12.05% | 45.76 M | $60.24 |
| Q1 2022 | -11.82 M | Reduce 25.82% | 33.94 M | $37.46 |
| Q2 2022 | -474,720 | Reduce 1.40% | 33.46 M | $17.49 |
| Q3 2022 | +3.34 M | Add 9.98% | 36.81 M | $23.54 |
| Q4 2022 | -1.26 M | Reduce 3.42% | 35.55 M | $0.03 |
| Q1 2023 | -3.87 M | Reduce 10.88% | 31.68 M | $34.55 |
| Q2 2023 | -3.64 M | Reduce 11.49% | 28.04 M | $44.05 |
| Q3 2023 | -2.93 M | Reduce 10.46% | 25.11 M | $37.76 |
| Q4 2023 | -5.74 M | Reduce 22.88% | 19.36 M | $48.69 |
| Q1 2024 | -2.49 M | Reduce 12.85% | 16.87 M | $60.73 |
| Q2 2024 | -864,290 | Reduce 5.12% | 16.01 M | $67.49 |
| Q3 2024 | -409,750 | Reduce 2.56% | 15.6 M | $70.93 |
| Q4 2024 | -778,090 | Reduce 4.99% | 14.82 M | $89.13 |
| Q1 2025 | -147,000 | Reduce 0.99% | 14.67 M | $93.25 |
| Q2 2025 | -3.36 M | Reduce 22.88% | 11.32 M | $133.91 |
| Q3 2025 | -110,210 | Reduce 0.97% | 11.21 M | $119.89 |
Frank Sands's Netflix Investment FAQs
Frank Sands first purchased Netflix, Inc. (NFLX) in Q4 2015, acquiring 74,518,920 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Frank Sands has held Netflix, Inc. (NFLX) for 40 quarters since Q4 2015. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Frank Sands's largest addition to Netflix, Inc. (NFLX) was in Q1 2017, adding 80,529,640 shares worth $1.19 B. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Frank Sands's firm, Sands Capital Management, LLC, owns 11,206,580 shares of Netflix, Inc. (NFLX), valued at approximately $1.34 B. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Netflix, Inc. (NFLX) represents approximately 3.71% of Frank Sands's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Frank Sands's peak holding in Netflix, Inc. (NFLX) was 80,529,640 shares, as reported at the end of Q1 2017. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.