Will This Upgrade Benefit Netflix’s Top Institutional Shareholders?

Netflix (NASDAQ:NFLX): B. Riley has upgraded the movie streaming giant, from Sell to Neutral, on the cusp of the company’s quarterly results. Stock has pulled back some 17 percent over the last month, and provided the firm with reason enough for the upgrade.

These institutional firms indicated owning shares of Netflix, Inc. in Q1 2013. They reported owning a total of 9.067 million shares on 03/31/2013. The shares closed at $189.28 on 03/31/2013.

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Here are the nine largest positions in Netflix, Inc. at the end of March 31st, 2013.

Vanguard Group Inc. held 3,342,699 shares on 03/31/2013 worth $632,706,063. This brought the portfolio total to 0.07%.

Blackrock Institutional Trust Company N.A. held 1,523,186 shares on 03/31/2013 worth $288,308,644. This brought the portfolio total to 0.06%.

Bank of New York Mellon Corp. held 934,129 shares on 03/31/2013 worth $176,811,936. This brought the portfolio total to 0.06%.

Advent Capital Management held 750,000 shares on 03/31/2013 worth $744,000. This brought the portfolio total to 0.01%.

Blackrock Fund Advisors held 630,826 shares on 03/31/2013 worth $119,402,745. This brought the portfolio total to 0.05%.

Blackrock Group Ltd held 353,310 shares on 03/31/2013 worth $66,874,516. This brought the portfolio total to 0.05%.

Apex Capital LLC held 296,800 shares on 03/31/2013 worth $56,178,304. This brought the portfolio total to 4.07%.

Alliancebernstein L.P. held 266,483 shares on 03/31/2013 worth $50,439,902. This brought the portfolio total to 0.06%.

Blackrock Investment Management LLC held 114,719 shares on 03/31/2013 worth $21,714,012. This brought the portfolio total to 0.04%.

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