Key Points
Investor enthusiasm surrounding stock splits continues to shape Wall Street activity, with significant moves from billionaire investors. In the September quarter, Ole Andreas Halvorsen of Viking Global Investors acquired 5,008,120 shares of Netflix, and Chase Coleman of Tiger Global Management added 2,019,000 shares, following the company’s 10-for-1 stock split in mid-November 2025 that reduced its share price from approximately $1,100 to $110.
Additionally, Israel Englander of Millennium Management purchased 4,981,728 shares of Lucid Group after its 1-for-10 reverse split in early September, which boosted its share price from around $2 to near $20. Despite operational challenges, Lucid is supported by over $2.3 billion in cash, while Netflix’s innovative strategies have drawn investor interest amidst a competitive streaming landscape.
