Bill Ackman Rebuilds Netflix Stake Citing Dominance in Streaming Wars

Key Facts

1Investor Bill Ackman announced re-investing in Netflix via Pershing Square after previously exiting his position in 2022.

2Ackman described Netflix as an amazing business with a very dominant position that has won the 'streaming wars.'

3The new purchases were made when the stock price declined in late 2025 and early 2026 at what Ackman considered sensible valuations.

Investor Bill Ackman announced that his firm, Pershing Square, has re-invested in Netflix after previously exiting his position in 2022. TradingView reported that Ackman described Netflix as an amazing business with a very dominant position, asserting that the company has won the "streaming wars."

The new purchases were executed during stock price declines in late 2025 and early 2026 at valuations Ackman considered sensible for a re-entry. Regarding market performance, NFLX closed at $70.3 on September 29, 2026, while Pershing Square (PS) closed at $53.56 on the same date.