Frank Sands's NFLX Position Overview
Frank Sands (via Sands Capital Management, LLC) currently holds 9.41 M shares of Netflix, Inc. (NFLX) worth $905.22 M, representing 3.55% of the portfolio. First purchased in 2015-Q4, this long-term strategic position has been held for 42 quarters.
Based on 13F filings since 2013, Frank Sands has maintained a long-term strategic position in NFLX, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2017, adding 15.71 M shares. Largest reduction occurred in Q1 2022, reducing 11.82 M 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
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | -608,420 | Reduce 6.07% | 9.41 M | $96.15 |
| Q4 2025 | -1.18 M | Reduce 10.56% | 10.02 M | $93.76 |
| Q3 2025 | -110,210 | Reduce 0.97% | 11.21 M | $119.89 |
| Q2 2025 | -3.36 M | Reduce 22.88% | 11.32 M | $133.91 |
| Q1 2025 | -147,000 | Reduce 0.99% | 14.67 M | $93.25 |
| Q4 2024 | -778,090 | Reduce 4.99% | 14.82 M | $89.13 |
| Q3 2024 | -409,750 | Reduce 2.56% | 15.6 M | $70.93 |
| Q2 2024 | -864,290 | Reduce 5.12% | 16.01 M | $67.49 |
| Q1 2024 | -2.49 M | Reduce 12.85% | 16.87 M | $60.73 |
| Q4 2023 | -5.74 M | Reduce 22.88% | 19.36 M | $48.69 |
| Q3 2023 | -2.93 M | Reduce 10.46% | 25.11 M | $37.76 |
| Q2 2023 | -3.64 M | Reduce 11.49% | 28.04 M | $44.05 |
| Q1 2023 | -3.87 M | Reduce 10.88% | 31.68 M | $34.55 |
| Q4 2022 | -1.26 M | Reduce 3.42% | 35.55 M | $0.03 |
| Q3 2022 | +3.34 M | Add 9.98% | 36.81 M | $23.54 |
| Q2 2022 | -474,720 | Reduce 1.40% | 33.46 M | $17.49 |
| Q1 2022 | -11.82 M | Reduce 25.82% | 33.94 M | $37.46 |
| Q4 2021 | -6.27 M | Reduce 12.05% | 45.76 M | $60.24 |
| Q3 2021 | -430,630 | Reduce 0.82% | 52.02 M | $61.03 |
| Q2 2021 | +135,680 | Add 0.26% | 52.45 M | $52.82 |
| Q1 2021 | +4.08 M | Add 8.45% | 52.32 M | $52.17 |
| Q4 2020 | -2.77 M | Reduce 5.43% | 48.24 M | $54.07 |
| Q3 2020 | -2.86 M | Reduce 5.31% | 51.01 M | $50.00 |
| Q2 2020 | -1.5 M | Reduce 2.70% | 53.87 M | $45.50 |
| Q1 2020 | +13 M | Add 30.68% | 55.37 M | $37.55 |
| Q4 2019 | -5.92 M | Reduce 12.26% | 42.37 M | $32.36 |
| Q3 2019 | -1.28 M | Reduce 2.58% | 48.29 M | $26.76 |
| Q2 2019 | -1.26 M | Reduce 2.48% | 49.57 M | $36.73 |
| Q1 2019 | -2.69 M | Reduce 5.02% | 50.83 M | $35.66 |
| Q4 2018 | +846,720 | Add 1.61% | 53.52 M | $26.77 |
| Q3 2018 | -3.9 M | Reduce 6.89% | 52.67 M | $37.41 |
| Q2 2018 | -7.11 M | Reduce 11.16% | 56.57 M | $39.14 |
| Q1 2018 | -4.74 M | Reduce 6.93% | 63.67 M | $29.54 |
| Q4 2017 | -2.86 M | Reduce 4.02% | 68.41 M | $19.20 |
| Q3 2017 | -4.28 M | Reduce 5.67% | 71.27 M | $18.14 |
| Q2 2017 | -4.97 M | Reduce 6.17% | 75.56 M | $14.94 |
| Q1 2017 | +15.71 M | Add 24.24% | 80.53 M | $14.78 |
| Q4 2016 | -8.19 M | Reduce 11.21% | 64.82 M | $12.38 |
| Q3 2016 | -6.13 M | Reduce 7.75% | 73 M | $9.86 |
| Q2 2016 | +14.87 M | Add 23.14% | 79.14 M | $9.15 |
| Q1 2016 | -10.25 M | Reduce 13.76% | 64.27 M | $10.22 |
| Q4 2015 | +74.52 M | New Buy | 74.52 M | $11.44 |
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 42 quarters since Q4 2015.
Frank Sands's largest addition to Netflix, Inc. (NFLX) was in Q4 2015, adding 74,518,920 shares worth $852.35 M.
According to the latest 13F filing for Q1 2026, Frank Sands's firm, Sands Capital Management, LLC, owns 9,414,668 shares of Netflix, Inc. (NFLX), valued at approximately $905.22 M.
As of the Q1 2026 filing, Netflix, Inc. (NFLX) represents approximately 3.55% of Frank Sands's publicly disclosed stock portfolio, making it one of their key holdings.
Frank Sands's peak holding in Netflix, Inc. (NFLX) was 80,529,640 shares, as reported at the end of Q1 2017.