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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, Q3 2025

Institutional positions in Cloudflare, Inc. as of Sep 30, 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
1,056
+101 vs. Q2 2025
Shares held
312.3M
+14.4M (+4.8%) vs. Q2 2025
Total value
$63.0B
+$6.86B (+12.2%) vs. Q2 2025
New holders
176
414 more added
Sold out
75
317 more reduced

13 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: 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 holdersQ3 2025: 1,056 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 heldQ3 2025: $63.0B
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, Q3 2025

Shares, value and share of portfolio for each institution holding Cloudflare, Inc.; share changes are against Q2 2025.

Institutions holding NET in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Capital World Investors40,515,386$8.69B1.19%−292,102−0.7%Reduced
Vanguard Group Inc32,317,249$6.93B0.10%+821,684+2.6%Added
BlackRock, Inc.22,632,359$4.88B0.09%+1,190,316+5.6%Added
Baillie Gifford & Co21,848,740$4.69B3.47%−3,676,391−14.4%Reduced
JPMorgan Chase & Co21,122,410$4.56B0.15%+13,996,778+196.4%Added
Morgan Stanley19,011,192$4.09B0.25%−1,022,279−5.1%Reduced
FMR LLC13,248,725$2.86B0.15%−1,063,016−7.4%Reduced
State Street Corp6,810,392$1.49B0.05%+202,732+3.1%Added
Geode Capital Management, LLC5,776,194$1.24B0.08%+239,515+4.3%Added
Invesco Ltd.3,964,733$850.8M0.13%+49,485+1.3%Added
First Trust Advisors LP3,955,959$848.9M0.63%−493,164−11.1%Reduced
Sands Capital Management, LLC3,808,319$817.2M2.25%−1,120,555−22.7%Reduced
Franklin Resources Inc3,165,536$769.2M0.19%−372,795−10.5%Reduced
Voya Investment Management LLC2,247,545$748.1M0.75%−393,854−14.9%Reduced
American Century Companies Inc2,931,057$629.0M0.32%−46,166−1.6%Reduced
Legal & General Group Plc2,693,645$578.0M0.13%−231,819−7.9%Reduced
UBS Asset Management Americas Inc2,483,901$533.0M0.12%−358,895−12.6%Reduced
Goldman Sachs Group Inc2,428,968$521.2M0.08%+623,575+34.5%Added
Bank of America Corp2,228,356$478.2M0.04%+920,826+70.4%Added
Northern Trust Corp1,909,120$409.7M0.05%+21,715+1.2%Added
Gilder Gagnon Howe & Co LLC1,836,430$394.1M4.02%−119,429−6.1%Reduced
Royal Bank of Canada1,780,954$387.1M0.07%−643,158−26.5%Reduced
Polar Capital Holdings Plc1,793,515$384.9M1.86%−120,443−6.3%Reduced
Two Sigma Advisers, LP1,534,300$329.2M0.66%+834,400+119.2%Added
Two Sigma Investments, LP1,236,964$319.8M0.49%−126,250−9.3%Reduced
Charles Schwab Investment Management Inc1,466,542$314.7M0.05%+97,636+7.1%Added
Deutsche Bank AG1,380,866$298.0M0.10%−74,539−5.1%Reduced
Price T Rowe Associates Inc1,355,506$290.9M0.03%+180,087+15.3%Added
1832 Asset Management L.P.1,325,700$284.5M0.48%−624,200−32.0%Reduced
Massachusetts Financial Services Co1,302,893$279.6M0.09%+639,245+96.3%Added
Wellington Management Group LLP1,255,734$278.9M0.05%−7,099−0.6%Reduced
Sumitomo Mitsui Trust Holdings, Inc.1,276,051$273.8M0.16%−120,215−8.6%Reduced
Pictet Asset Management Holding SA1,265,387$271.6M0.26%−111,620−8.1%Reduced
Lord, Abbett & Co. LLC1,077,635$261.2M0.78%+100,195+10.3%Added
Strategy Capital LLC1,162,938$249.6M16.51%−3,004−0.3%Reduced
Raymond James Financial Inc1,095,528$235.1M0.08%−87,444−7.4%Reduced
Bank of New York Mellon Corp1,361,602$228.2M0.04%+179,305+15.2%Added
Squarepoint Ops LLC902,237$193.6M0.41%+622,791+222.9%Added
UBS Group AG902,188$193.6M0.04%−421,112−31.8%Reduced
Swiss National Bank895,200$192.1M0.11%−39,400−4.2%Reduced
Macquarie Group Ltd866,377$188.5M0.22%−55,634−6.0%Reduced
Federated Hermes, Inc.862,009$185.0M0.33%+334,875+63.5%Added
KBC Group NV819,766$175.9M0.42%+83,613+11.4%Added
Wells Fargo & Company753,757$169.5M0.03%+390,537+107.5%Added
Citigroup Inc766,979$164.7M0.11%+450,219+142.1%Added
Amundi728,355$161.4M0.05%−175,676−19.4%Reduced
Artisan Partners Limited Partnership715,058$153.4M0.22%−58,134−7.5%Reduced
Nuveen, LLC712,103$152.8M0.04%+59,973+9.2%Added
Tenor Capital Management Co., L.P.–$152.3M2.00%––
Penserra Capital Management LLC674,821$144.8M1.73%−73,286−9.8%Reduced
Mitsubishi UFJ Trust & Banking Corp635,025$136.3M0.30%−44,375−6.5%Reduced
Balyasny Asset Management LLC270,130$136.0M0.27%+254,316+1,608.2%Added
D. E. Shaw & Co., Inc.–$132.9M0.11%––
National Pension Service618,662$132.8M0.10%+5,939+1.0%Added
Ameriprise Financial Inc596,250$127.9M0.03%+19,689+3.4%Added
Neuberger Berman Group LLC582,585$125.0M0.09%+44,399+8.2%Added
CIBC Private Wealth Group, LLC579,137$124.3M0.21%+41,095+7.6%Added
AQR Capital Management LLC563,248$120.9M0.08%+102,197+22.2%Added
Aristeia Capital LLC–$120.1M3.69%––
Nikko Asset Management Americas, Inc.527,301$113.1M1.10%−97,178−15.6%Reduced
Marshall Wace, LLP526,781$113.0M0.12%+93,729+21.6%Added
Allen Investment Management LLC526,335$112.9M1.25%+58,208+12.4%Added
California Public Employees Retirement System520,870$111.8M0.07%+14,827+2.9%Added
AustralianSuper Pty Ltd515,032$110.5M0.52%+24,975+5.1%Added
Kayne Anderson Rudnick Investment Management LLC502,778$107.9M0.26%−43,806−8.0%Reduced
Westfield Capital Management Co LP480,850$103.2M0.43%+32,154+7.2%Added
California State Teachers Retirement System480,259$103.1M0.11%+5,184+1.1%Added
Peregrine Capital Management LLC477,838$102.5M3.09%−123,915−20.6%Reduced
Bamco Inc454,234$97.5M0.26%−52,239−10.3%Reduced
Arrowstreet Capital, Limited Partnership451,949$97.0M0.06%−394,492−46.6%Reduced
Fred Alger Management, LLC436,635$93.7M0.36%−429,162−49.6%Reduced
Qube Research & Technologies Ltd415,394$89.1M0.13%+160,643+63.1%Added
Victory Capital Management Inc414,700$89.0M0.05%−15,634−3.6%Reduced
Credit Agricole S A411,208$88.2M0.29%+411,208New
Capstone Investment Advisors, LLC4,027$88.1M0.77%––
Congress Asset Management Co401,768$86.2M0.57%−28,632−6.7%Reduced
Rhumbline Advisers399,268$85.7M0.07%−7,140−1.8%Reduced
Nomura Asset Management Co Ltd394,193$84.6M0.22%+280,232+245.9%Added
Bessemer Group Inc375,021$80.5M0.12%−85,681−18.6%Reduced
Parallax Volatility Advisers, L.P.368,380$79.1M2.33%+8,015+2.2%Added
Great West Life Assurance Co359,094$78.5M0.11%+8,225+2.3%Added
Citadel Advisors LLC358,785$77.0M0.06%−201,222−35.9%Reduced
DeepCurrents Investment Group LLC–$75.4M2.47%––
Renaissance Technologies LLC328,500$70.5M0.09%+273,900+501.6%Added
Dimensional Fund Advisors LP327,097$70.2M0.02%−47,300−12.6%Reduced
Select Equity Group, L.P.323,725$69.5M0.30%+20,475+6.8%Added
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main248,164$68.8M0.06%+245,353+8,728.3%Added
AXA Investment Managers S.A.296,401$68.1M0.18%+296,401New
Whetstone Capital Advisors, LLC311,185$66.8M18.49%−4,500−1.4%Reduced
Allspring Global Investments Holdings, LLC304,691$66.1M0.11%−7,601−2.4%Reduced
Calamos Advisors LLC5,950$65.7M0.27%−1,900−24.2%Reduced
Frontier Capital Management Co LLC305,974$65.7M0.59%+33,236+12.2%Added
Envestnet Asset Management Inc298,371$64.0M0.02%−24,229−7.5%Reduced
HSBC Holdings PLC294,848$63.0M0.04%+123,917+72.5%Added
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.292,100$62.7M0.05%+22,112+8.2%Added
Steelhead Partners LLC–$62.1M3.73%––
State Board of Administration of Florida Retirement System284,516$61.1M0.11%−14,235−4.8%Reduced
Alliancebernstein L.P.269,538$57.8M0.02%+38,829+16.8%Added
SEI Investments Co260,313$55.9M0.06%−68,723−20.9%Reduced
Capital International Sarl245,763$52.7M0.91%+3,727+1.5%Added