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Cloudflare, Inc.

NET
Exchange
NYSE
Industry
Services-Prepackaged Software
SEC CIK
0001477333

In the last 90 days, Cloudflare, Inc. insiders filed 0 open-market purchases and 23 sales; 1,272 institutions reported holding it in 13F filings for Q2 2026, worth $78.5B in total; 3 superinvestors hold it, including ARK Invest and Oaktree Capital.

13F holders, Q1 2025

Institutional positions in Cloudflare, Inc. as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
891
+110 vs. Q4 2024
Shares held
303.2M
+15.8M (+5.5%) vs. Q4 2024
Total value
$31.6B
+$2.01B (+6.8%) vs. Q4 2024
New holders
194
344 more added
Sold out
84
240 more reduced

14 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NET on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2025: 891 institutions
Q1 2021: 507 institutionsQ2 2021: 537 institutionsQ3 2021: 620 institutionsQ4 2021: 681 institutionsQ1 2022: 641 institutionsQ2 2022: 550 institutionsQ3 2022: 588 institutionsQ4 2022: 573 institutionsQ1 2023: 598 institutionsQ2 2023: 587 institutionsQ3 2023: 603 institutionsQ4 2023: 701 institutionsQ1 2024: 730 institutionsQ2 2024: 680 institutionsQ3 2024: 706 institutionsQ4 2024: 795 institutionsQ1 2025: 891 institutionsQ2 2025: 968 institutionsQ3 2025: 1,056 institutionsQ4 2025: 1,107 institutionsQ1 2026: 1,160 institutionsQ2 2026: 1,272 institutions
Value heldQ1 2025: $31.6B
Q1 2021: $13.7BQ2 2021: $22.6BQ3 2021: $24.6BQ4 2021: $29.8BQ1 2022: $28.0BQ2 2022: $10.4BQ3 2022: $14.1BQ4 2022: $11.9BQ1 2023: $19.9BQ2 2023: $20.6BQ3 2023: $21.5BQ4 2023: $24.4BQ1 2024: $30.9BQ2 2024: $22.4BQ3 2024: $22.0BQ4 2024: $29.7BQ1 2025: $31.6BQ2 2025: $56.2BQ3 2025: $63.0BQ4 2025: $56.4BQ1 2026: $58.5BQ2 2026: $78.5B
Institutions holding NET and their total value by quarter
QuarterHoldersValue
Q2 20261,272$78.5B
Q1 20261,160$58.5B
Q4 20251,107$56.4B
Q3 20251,056$63.0B
Q2 2025968$56.2B
Q1 2025891$31.6B
Q4 2024795$29.7B
Q3 2024706$22.0B
Q2 2024680$22.4B
Q1 2024730$30.9B
Q4 2023701$24.4B
Q3 2023603$21.5B
Q2 2023587$20.6B
Q1 2023598$19.9B
Q4 2022573$11.9B
Q3 2022588$14.1B
Q2 2022550$10.4B
Q1 2022641$28.0B
Q4 2021681$29.8B
Q3 2021620$24.6B
Q2 2021537$22.6B
Q1 2021507$13.7B

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding Cloudflare, Inc.; share changes are against Q4 2024.

Institutions holding NET in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Capital World Investors34,567,917$3.90B0.63%−841,390−2.4%Reduced
Vanguard Group Inc30,836,909$3.48B0.06%+538,850+1.8%Added
Baillie Gifford & Co27,425,821$3.09B2.70%−4,458,339−14.0%Reduced
Morgan Stanley21,552,659$2.44B0.17%−1,629,838−7.0%Reduced
BlackRock, Inc.20,926,778$2.42B0.05%+913,125+4.6%Added
FMR LLC14,011,812$1.60B0.10%+1,663,161+13.5%Added
Voya Investment Management LLC5,230,694$1.04B0.58%+2,165,106+70.6%Added
State Street Corp6,560,812$765.1M0.03%+53,101+0.8%Added
Sands Capital Management, LLC6,427,446$724.3M2.46%−1,338,608−17.2%Reduced
Geode Capital Management, LLC5,266,452$592.1M0.05%+363,233+7.4%Added
First Trust Advisors LP4,612,035$519.7M0.46%−765,308−14.2%Reduced
Franklin Resources Inc3,471,678$463.6M0.13%+192,977+5.9%Added
UBS Asset Management Americas Inc3,129,030$352.6M0.09%+786,063+33.5%Added
American Century Companies Inc3,037,420$342.3M0.21%+779,819+34.5%Added
Legal & General Group Plc3,025,948$341.0M0.09%−472,151−13.5%Reduced
JPMorgan Chase & Co2,444,898$283.4M0.02%+2,278,287+1,367.4%Added
Polar Capital Holdings Plc2,270,357$260.9M1.59%−662,434−22.6%Reduced
Norges Bank2,255,812$254.2M0.04%−61,650−2.7%Reduced
1832 Asset Management L.P.2,081,400$234.6M0.45%−1,068,000−33.9%Reduced
Gilder Gagnon Howe & Co LLC1,981,673$223.3M2.92%−257,620−11.5%Reduced
Northern Trust Corp1,880,888$212.0M0.03%+31,745+1.7%Added
Invesco Ltd.1,475,007$169.5M0.03%+396,086+36.7%Added
Sumitomo Mitsui Trust Holdings, Inc.1,407,931$158.7M0.11%−67,892−4.6%Reduced
Two Sigma Investments, LP1,384,017$156.0M0.34%+1,058,703+325.4%Added
Deutsche Bank AG1,312,267$149.1M0.06%−270,523−17.1%Reduced
Tenor Capital Management Co., L.P.–$148.6M2.12%––
Charles Schwab Investment Management Inc1,312,016$147.9M0.03%+90,256+7.4%Added
Qube Research & Technologies Ltd1,270,548$143.2M0.22%+1,270,548New
Pictet Asset Management Holding SA1,254,799$141.5M0.16%+375,711+42.7%Added
Bank of New York Mellon Corp1,237,248$139.4M0.03%−449,124−26.6%Reduced
Lord, Abbett & Co. LLC887,935$137.9M0.49%+153,478+20.9%Added
Goldman Sachs Group Inc1,170,385$132.3M0.03%+412,502+54.4%Added
Strategy Capital LLC1,115,568$125.7M11.79%−51,672−4.4%Reduced
Raymond James Financial Inc1,097,235$123.6M0.05%+653,526+147.3%Added
Royal Bank of Canada1,043,382$120.9M0.03%−171,674−14.1%Reduced
Amundi1,090,510$119.9M0.04%+169,646+18.4%Added
UBS Group AG1,007,230$113.5M0.03%−1,010,363−50.1%Reduced
Macquarie Group Ltd942,249$108.4M0.13%+24,508+2.7%Added
Price T Rowe Associates Inc935,920$105.5M0.01%+148,578+18.9%Added
Squarepoint Ops LLC813,911$101.8M0.25%−227,489−21.8%Reduced
Swiss National Bank862,200$97.2M0.07%+2,500+0.3%Added
Mitsubishi UFJ Trust & Banking Corp837,960$94.4M0.25%−133,511−13.7%Reduced
Bamco Inc834,882$94.1M0.28%−62,673−7.0%Reduced
Bank of America Corp810,652$91.8M0.01%+159,131+24.4%Added
Voloridge Investment Management, LLC804,645$90.7M0.34%+804,645New
Arrowstreet Capital, Limited Partnership794,456$89.5M0.07%+562,320+242.2%Added
Nuveen, LLC782,707$88.2M0.03%+782,707New
Two Sigma Advisers, LP773,000$87.1M0.20%+683,000+758.9%Added
Fred Alger Management, LLC765,857$86.3M0.49%−168,429−18.0%Reduced
Nikko Asset Management Americas, Inc.729,812$82.2M1.06%−78,390−9.7%Reduced
Calamos Advisors LLC6,000$81.5M0.39%––
Steelhead Partners LLC–$80.4M4.64%––
Penserra Capital Management LLC671,088$75.6M1.35%−92,045−12.1%Reduced
Lazard Asset Management LLC1,377$75.2M0.12%+919+200.7%Added
Ameriprise Financial Inc616,151$74.5M0.02%+112,122+22.2%Added
Jane Street Group, LLC649,657$73.5M0.13%+626,040+2,650.8%Added
Select Equity Group, L.P.643,143$72.5M0.32%+643,143New
Peregrine Capital Management LLC636,827$71.8M2.38%−24,855−3.8%Reduced
Kayne Anderson Rudnick Investment Management LLC604,245$68.1M0.17%−51,480−7.9%Reduced
Bessemer Group Inc598,080$67.4M0.12%+3,861+0.6%Added
Marshall Wace, LLP583,559$65.8M0.09%−1,051,703−64.3%Reduced
Balyasny Asset Management LLC127,812$65.2M0.16%−311,250−70.9%Reduced
Aristeia Capital LLC–$64.9M2.01%–New
Capstone Investment Advisors, LLC10,306$62.9M0.58%+5,953+136.8%Added
DeepCurrents Investment Group LLC–$58.3M2.02%––
Artisan Partners Limited Partnership480,003$54.1M0.09%+480,003New
California Public Employees Retirement System467,167$52.6M0.04%+5,152+1.1%Added
Citadel Advisors LLC466,140$52.5M0.05%−1,113,688−70.5%Reduced
California State Teachers Retirement System464,813$52.4M0.06%+1,082+0.2%Added
Allen Investment Management LLC451,949$50.9M0.59%+37,216+9.0%Added
Alfreton Capital LLP430,000$48.5M15.39%+430,000New
National Pension Service425,173$47.9M0.05%−6,007−1.4%Reduced
Rhumbline Advisers401,846$45.3M0.04%+4,195+1.1%Added
Dimensional Fund Advisors LP383,317$43.2M0.01%+21,710+6.0%Added
Man Group plc358,501$40.6M0.12%+288,533+412.4%Added
Allspring Global Investments Holdings, LLC344,957$39.9M0.07%+344,957New
Great West Life Assurance Co344,391$38.8M0.07%−19,924−5.5%Reduced
Millennium Management LLC335,942$37.9M0.04%+218,530+186.1%Added
Mackay Shields LLC–$37.7M1.21%–New
AQR Capital Management LLC342,817$37.3M0.04%+135,637+65.5%Added
Twinbeech Capital LP328,156$37.0M0.67%+328,156New
Ensign Peak Advisors, Inc320,717$36.1M0.07%+34,318+12.0%Added
Massachusetts Financial Services Co318,705$35.9M0.01%+318,705New
Whetstone Capital Advisors, LLC316,960$35.7M15.78%−1,107−0.3%Reduced
NZS Capital, LLC299,396$33.7M1.52%+21,744+7.8%Added
RPG Investment Advisory, LLC296,862$33.5M2.40%+129,007+76.9%Added
State Board of Administration of Florida Retirement System293,448$33.1M0.07%−5,740−1.9%Reduced
SEI Investments Co558,260$33.0M0.04%+339,170+154.8%Added
Point72 Asset Management, L.P.281,483$31.7M0.09%−1,125,571−80.0%Reduced
Wells Fargo & Company260,797$31.2M0.01%+12,794+5.2%Added
Capital Fund Management S.A.274,107$30.9M0.39%−40,680−12.9%Reduced
Alliancebernstein L.P.269,274$30.3M0.01%+25,049+10.3%Added
Alberta Investment Management Corp153,405$29.9M0.20%00.0%Unchanged
Parallax Volatility Advisers, L.P.258,329$29.1M0.94%−47,252−15.5%Reduced
Mizuho Markets Americas LLC258,058$29.1M0.63%+71,505+38.3%Added
Kodai Capital Management LP254,642$28.7M1.14%+118,569+87.1%Added
Schonfeld Strategic Advisors LLC254,199$28.6M0.19%+242,378+2,050.4%Added
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.246,861$27.8M0.03%+23,545+10.5%Added
Teachers Retirement System of the State of Kentucky245,281$27.6M0.25%+29,200+13.5%Added
Kames Capital plc239,863$27.0M0.39%−155,440−39.3%Reduced