Norges Bank, Norway’s central bank, disclosed a new investment in Netflix Inc. valued at approximately $5.8 billion. The acquisition involved 61,894,705 shares. This purchase represents a 1.47% stake in the streaming company. Netflix now serves as the 20th largest position in the bank's portfolio.
The move reflects a broader trend of increasing institutional interest in the company. For example, Zweig DiMenna Associates LLC boosted its Netflix holdings by over 1,250% during the fourth quarter.