In its second-quarter 2026 investor letter, American Century Investments Focused Dynamic Growth Fund highlighted Netflix, Inc. (NASDAQ:NFLX). Netflix, Inc. (NASDAQ:NFLX), a leading subscription-based streaming entertainment platform, detracted from the fund's performance during the quarter. On September 09, 2026, Netflix, Inc. (NASDAQ:NFLX) closed at $76.03 per share, reflecting a market capitalization of $316.58 billion. Netflix, Inc. (NASDAQ:NFLX) posted a one‑month return of -2.82%, while its shares lost 36.83% over the past 52 weeks.
American Century Investments Focused Dynamic Growth Fund stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its Q2 2026 investor letter:
"Netflix, Inc. (NASDAQ:NFLX): Shares of the streaming company declined after management's second-quarter outlook fell short of investor expectations. Investor concerns about rising content budget, a moderation in growth expectations and the departure of a key management figure also weighed on the stock."
Netflix, Inc. (NASDAQ:NFLX) ranks 13 on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 121 hedge fund portfolios held Netflix, Inc. (NASDAQ:NFLX) at the end of the second quarter, down from 144 in the previous quarter. While we acknowledge the potential of Netflix, Inc. (NASDAQ:NFLX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In another article, we highlighted Pershing Square's portfolio shift from Alphabet to Netflix, Inc. (NASDAQ:NFLX). In addition, please check out our hedge fund investor letters Q2 2026 page for more investor letters from hedge funds and other leading investors.