Why Philippe Laffont's $1 Billion Netflix Stake Looks Smarter Today

Conviction looks different after risk comes off the table. Netflix Inc (NASDAQ:NFLX) stock was trading higher on Monday after spiking over 13% on Friday, following reports that the company is pulling out of talks to increase its offer for Warner Bros Discovery Inc (NASDAQ: WBD).The move removes a major overhang. Hedge fund billionaire Philippe Laffont had already built his position.A $1 Billion Vote Of ConfidenceIn the fourth quarter of 2025, Coatue Management increased its Netflix stake by more than 1600%, ...