Hazlett Burt & Watson Inc. significantly increased its position in Netflix, Inc. (NASDAQ: NFLX) during the fourth quarter, according to a recent regulatory filing.
The investment firm grew its holdings in the internet television network by 936.2% during the fourth quarter, a substantial surge in exposure.
The disclosure came through a Form 13F filing submitted to the Securities and Exchange Commission, revealing the firm’s updated portfolio composition.
Following the increase, Hazlett Burt & Watson Inc. owned 13,865 shares of Netflix as of the end of the fourth quarter reporting period.
The 936.2% growth rate signals a decisive and aggressive shift in the firm’s investment strategy toward the streaming giant.
Form 13F filings are required disclosures for institutional investment managers, providing transparency into significant equity positions held at quarter end.
Netflix remains one of the most closely watched stocks on the NASDAQ, drawing consistent attention from institutional investors across the country.
The filing reflects a broader trend of institutional money managers reassessing and repositioning their exposure to major technology and media companies.
Hazlett Burt & Watson Inc.’s move into NFLX at this scale suggests a strong conviction in the company’s continued performance and market position.
The fourth quarter filing offers investors a window into how smaller advisory firms are allocating capital amid ongoing shifts in the streaming and entertainment landscape.