Netflix (NASDAQ:NFLX) is down about 22% so far this year amid competition and weak numbers. Insider Monkey's proprietary database of billionaire-held stocks shows that billionaires were bailing out on a net basis earlier this year. A total of 29 billionaire-led funds had stakes in the company as of the end of the second quarter, compared with 38 funds in the prior quarter. In the last quarter of 2025, about 34 billionaire-led funds had a position in the stock. Don't Miss: Are Investors Too Worried About Netflix's (NFLX) Growth? Netflix is facing growing competition, slowing revenue growth and concerns about weak engagement. HSBC recently downgraded the stock to Hold from Buy.
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