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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; 1,228 institutions reported holding it in 13F filings for Q2 2026, worth $69.8B in total; superinvestors ARK Invest and Soros Fund Management hold it.

13F holders, Q4 2025

Institutional positions in Cloudflare, Inc. as of Dec 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
1,091
+70 vs. Q3 2025
Shares held
278.1M
+2.74M (+1.0%) vs. Q3 2025
Total value
$54.8B
−$4.19B (−7.1%) vs. Q3 2025
New holders
184
435 more added
Sold out
114
341 more reduced

18 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 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 holdersQ4 2025: 1,091 institutions
Q1 2021: 507 institutionsQ2 2021: 537 institutionsQ3 2021: 620 institutionsQ4 2021: 681 institutionsQ1 2022: 641 institutionsQ2 2022: 550 institutionsQ3 2022: 563 institutionsQ4 2022: 550 institutionsQ1 2023: 572 institutionsQ2 2023: 560 institutionsQ3 2023: 573 institutionsQ4 2023: 678 institutionsQ1 2024: 709 institutionsQ2 2024: 652 institutionsQ3 2024: 680 institutionsQ4 2024: 772 institutionsQ1 2025: 872 institutionsQ2 2025: 947 institutionsQ3 2025: 1,039 institutionsQ4 2025: 1,091 institutionsQ1 2026: 1,139 institutionsQ2 2026: 1,228 institutions
Value heldQ4 2025: $54.8B
Q1 2021: $13.7BQ2 2021: $22.6BQ3 2021: $24.6BQ4 2021: $29.8BQ1 2022: $28.0BQ2 2022: $10.3BQ3 2022: $12.9BQ4 2022: $10.9BQ1 2023: $15.1BQ2 2023: $16.0BQ3 2023: $15.8BQ4 2023: $20.7BQ1 2024: $24.2BQ2 2024: $21.1BQ3 2024: $20.7BQ4 2024: $28.4BQ1 2025: $29.8BQ2 2025: $54.3BQ3 2025: $59.1BQ4 2025: $54.8BQ1 2026: $57.1BQ2 2026: $69.8B
Institutions holding NET and their total value by quarter
QuarterHoldersValue
Q2 20261,228$69.8B
Q1 20261,139$57.1B
Q4 20251,091$54.8B
Q3 20251,039$59.1B
Q2 2025947$54.3B
Q1 2025872$29.8B
Q4 2024772$28.4B
Q3 2024680$20.7B
Q2 2024652$21.1B
Q1 2024709$24.2B
Q4 2023678$20.7B
Q3 2023573$15.8B
Q2 2023560$16.0B
Q1 2023572$15.1B
Q4 2022550$10.9B
Q3 2022563$12.9B
Q2 2022550$10.3B
Q1 2022641$28.0B
Q4 2021681$29.8B
Q3 2021620$24.6B
Q2 2021537$22.6B
Q1 2021507$13.7B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Cloudflare, Inc.; share changes are against Q3 2025.

Institutions holding NET in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Truist Financial Corp74,302$14.6M0.02%−6,760−8.3%Reduced
Quantinno Capital Management LP74,951$14.8M0.03%+8,512+12.8%Added
Avalon Global Asset Management LLC75,400$14.9M3.30%00.0%Unchanged
Union Bancaire Privee, UBP SA83,641$15.1M0.25%+30,463+57.3%Added
Skandinaviska Enskilda Banken AB (publ)77,695$15.3M0.06%+14,636+23.2%Added
Sentinel Trust Co Lba77,918$15.4M1.51%−2,800−3.5%Reduced
Advisor Group Holdings, Inc.79,986$15.8M0.02%−27,754−25.8%Reduced
Baker Chad R81,290$16.2M2.91%−150.0%Reduced
Cetera Investment Advisers82,413$16.2M0.02%−6,006−6.8%Reduced
TD Asset Management Inc83,467$16.5M0.01%+2,994+3.7%Added
Grandeur Peak Global Advisors, LLC83,878$16.5M2.23%+25,046+42.6%Added
Private Advisory Group LLC83,886$16.5M1.30%+30,406+56.9%Added
DnB Asset Management AS84,301$16.6M0.06%−9,341−10.0%Reduced
HighTower Advisors, LLC85,892$16.9M0.02%−165−0.2%Reduced
RMB Capital Management, LLC87,370$17.2M0.30%−2,731−3.0%Reduced
Arizona State Retirement System87,495$17.2M0.09%−4,144−4.5%Reduced
Captrust Financial Advisors87,529$17.3M0.03%+12,109+16.1%Added
Cambridge Investment Research Advisors, Inc.87,593$17.3M0.05%−3,323−3.7%Reduced
Gotham Asset Management, LLC88,290$17.4M0.06%+5,502+6.6%Added
Zurcher Kantonalbank (Zurich Cantonalbank)90,111$17.8M0.04%−17,653−16.4%Reduced
Walleye Trading LLC90,221$17.8M0.29%−4,974−5.2%Reduced
Resona Asset Management Co.,Ltd.91,145$18.0M0.09%−3,040−3.2%Reduced
Vontobel Holding Ltd.92,991$18.3M0.06%−7,777−7.7%Reduced
RPG Investment Advisory, LLC94,024$18.5M2.10%+888+1.0%Added
Public Employees Retirement System of Ohio94,360$18.6M0.06%−25,615−21.4%Reduced
Picton Mahoney Asset Management94,382$18.6M0.20%−7,127−7.0%Reduced
Lansforsakringar Fondforvaltning AB (publ)99,632$19.6M0.10%+1,099+1.1%Added
Erste Asset Management GmbH100,272$19.8M0.17%−11,626−10.4%Reduced
Ci Investments Inc.103,834$20.5M0.09%+29,927+40.5%Added
Parkwood LLC106,014$20.9M1.78%+18,264+20.8%Added
Forsta Ap-Fonden106,100$20.9M0.12%+39,100+58.4%Added
NZS Capital, LLC106,537$21.0M0.64%+784+0.7%Added
Schonfeld Strategic Advisors LLC107,509$21.2M0.11%+107,509New
State of New Jersey Common Pension Fund D107,741$21.2M0.08%−929−0.9%Reduced
Toroso Investments, LLC111,137$21.9M0.09%+46,378+71.6%Added
Liontrust Investment Partners LLP112,029$22.1M0.33%−4,570−3.9%Reduced
D. E. Shaw & Co., Inc.112,833$22.2M0.02%+112,833New
KLP Kapitalforvaltning AS113,300$22.3M0.09%+600+0.5%Added
Tudor Investment Corp Et Al114,116$22.5M0.12%+114,116New
Woodline Partners LP115,784$22.8M0.09%−67,422−36.8%Reduced
Stifel Financial Corp115,809$22.8M0.02%+13,656+13.4%Added
Swedbank AB116,309$22.9M0.02%+72,431+165.1%Added
Bank of Nova Scotia119,046$23.5M0.03%+2,050+1.8%Added
Mn Services Vermogensbeheer B.V.119,802$23.6M0.15%+3,002+2.6%Added
Hartline Investment Corp121,122$23.9M2.58%−30,042−19.9%Reduced
Ensign Peak Advisors, Inc121,748$24.0M0.04%−92,684−43.2%Reduced
Fiera Capital Corp123,414$24.3M0.08%+31,298+34.0%Added
Capital International Inc125,597$24.8M0.19%−17,053−12.0%Reduced
Parnassus Investments126,935$25.0M0.06%−2,634−2.0%Reduced
Renaissance Technologies LLC130,400$25.7M0.04%−198,100−60.3%Reduced
Select Equity Group, L.P.130,773$25.8M0.12%−192,952−59.6%Reduced
Whittier Trust Co of Nevada Inc130,460$25.8M0.54%+26,274+25.2%Added
Treasurer of the State of North Carolina131,354$25.9M0.08%−7,389−5.3%Reduced
Carnegie Capital Asset Management, LLC134,784$26.6M0.49%−18,249−11.9%Reduced
Principal Financial Group Inc139,370$27.5M0.01%−83,866−37.6%Reduced
Capital International Ltd140,154$27.6M0.97%−6,567−4.5%Reduced
Teachers Retirement System of the State of Kentucky140,551$27.7M0.21%−27,388−16.3%Reduced
APG Asset Management N.V.166,642$28.0M0.08%−7,258−4.2%Reduced
PFA Pension, Forsikringsaktieselskab146,565$29.3M0.08%+146,565New
Reynders McVeigh Capital Management, LLC148,907$29.4M1.38%+121+0.1%Added
SG Americas Securities, LLC150,300$29.6M0.04%+133,999+822.0%Added
Kames Capital plc155,006$30.6M0.36%−2,482−1.6%Reduced
Royal London Asset Management Ltd156,283$30.8M0.06%−897−0.6%Reduced
State of Wisconsin Investment Board157,682$31.1M0.07%−5,575−3.4%Reduced
New York State Common Retirement Fund157,828$31.1M0.04%+2,500+1.6%Added
Mizuho Markets Cayman LP160,000$31.5M1.59%+160,000New
12 West Capital Management LP165,000$32.5M3.87%00.0%Unchanged
Frontier Capital Management Co LLC168,012$33.1M0.35%−137,962−45.1%Reduced
Susquehanna International Group, LLP168,141$33.1M0.05%+109,342+186.0%Added
Standard Life Aberdeen plc173,037$34.1M0.05%−1,464−0.8%Reduced
Exor Capital LLP175,635$34.6M0.61%+175,635New
Handelsbanken Fonder AB177,130$34.9M0.11%−29,729−14.4%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH177,902$35.0M0.06%+7,716+4.5%Added
Pinebridge Investments LLC183,827$36.2M0.27%+183,827New
Tremblant Capital Group187,125$36.9M0.94%+187,125New
Defiance ETFs, LLC187,106$37.4M1.22%+187,106New
Mizuho Markets Americas LLC189,751$37.4M0.80%−12,965−6.4%Reduced
Mariner, LLC189,960$37.4M0.04%+108,541+133.3%Added
Schroder Investment Management Group191,515$38.2M0.03%+23,209+13.8%Added
Russell Investments Group, Ltd.197,051$38.9M0.04%+14,570+8.0%Added
Jupiter Asset Management Ltd197,710$39.0M0.31%+188,226+1,984.7%Added
Alliancebernstein L.P.197,714$39.0M0.01%−71,824−26.6%Reduced
Blair William & Co197,860$39.0M0.10%−4,274−2.1%Reduced
Qube Research & Technologies Ltd199,064$39.2M0.06%−216,330−52.1%Reduced
HSBC Holdings PLC206,915$40.9M0.02%−87,933−29.8%Reduced
ARK Investment Management LLCSuperinvestorARK Invest210,090$41.4M0.27%−12,228−5.5%Reduced
Korea Investment CORP212,384$41.9M0.08%+55,656+35.5%Added
Danske Bank A/S213,093$42.0M0.10%+13,754+6.9%Added
Millennium Management LLC215,369$42.5M0.03%+180,102+510.7%Added
Asset Management One Co.,Ltd.220,158$44.2M0.12%+616+0.3%Added
Wim Investment Management Ltd227,749$44.9M11.60%00.0%Unchanged
Barclays PLC237,035$46.7M0.02%+52,134+28.2%Added
LPL Financial LLC237,958$46.9M0.01%+35,181+17.3%Added
Storebrand Asset Management AS240,827$47.5M0.13%−1,849−0.8%Reduced
Man Group plc241,799$47.7M0.09%+174,270+258.1%Added
Capital International Sarl246,205$48.5M0.78%+442+0.2%Added
Parallax Volatility Advisers, L.P.252,397$49.8M1.55%−115,983−31.5%Reduced
Aviva PLC260,183$51.3M0.09%+15,277+6.2%Added
Balyasny Asset Management LLC262,698$51.8M0.10%−7,432−2.8%Reduced
State Board of Administration of Florida Retirement System275,831$54.4M0.10%−8,685−3.1%Reduced