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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
Los Angeles Capital Management LLC251,529$56.0M0.19%+72,555+40.5%Added
Great West Life Assurance Co284,048$56.0M0.10%−75,046−20.9%Reduced
Envestnet Asset Management Inc292,321$57.6M0.02%−6,050−2.0%Reduced
Whetstone Capital Advisors, LLC293,031$57.8M18.02%−18,154−5.8%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.308,154$60.4M0.04%+16,054+5.5%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.310,658$61.3M0.07%+248,472+399.6%Added
Whittier Trust Co312,245$61.8M0.67%+73,684+30.9%Added
Alyeska Investment Group, L.P.332,299$65.5M0.19%+242,069+268.3%Added
Dimensional Fund Advisors LP334,557$66.0M0.01%+7,460+2.3%Added
SEI Investments Co342,384$67.5M0.07%+82,071+31.5%Added
Congress Asset Management Co343,972$67.8M0.48%−57,796−14.4%Reduced
Citadel Advisors LLC356,619$70.3M0.05%−2,166−0.6%Reduced
Bessemer Group Inc358,681$70.7M0.11%−16,340−4.4%Reduced
Victory Capital Management Inc391,810$77.2M0.04%−22,890−5.5%Reduced
Nomura Asset Management Co Ltd398,326$78.5M0.20%+4,133+1.0%Added
Rhumbline Advisers400,187$78.9M0.06%+919+0.2%Added
Kayne Anderson Rudnick Investment Management LLC404,715$79.8M0.21%−98,063−19.5%Reduced
Allspring Global Investments Holdings, LLC407,733$79.9M0.13%+103,042+33.8%Added
Bamco Inc409,604$80.8M0.22%−44,630−9.8%Reduced
AustralianSuper Pty Ltd416,958$82.2M0.38%−98,074−19.0%Reduced
Peregrine Capital Management LLC428,331$84.4M2.59%−49,507−10.4%Reduced
Credit Agricole S A436,331$86.0M0.24%+25,123+6.1%Added
Fred Alger Management, LLC438,525$86.5M0.34%+1,890+0.4%Added
Nikko Asset Management Americas, Inc.452,103$89.1M1.03%−75,198−14.3%Reduced
Allen Investment Management LLC463,917$91.5M1.01%−62,418−11.9%Reduced
California State Teachers Retirement System472,403$93.1M0.09%−7,856−1.6%Reduced
Mitsubishi UFJ Trust & Banking Corp489,545$96.5M0.23%−145,480−22.9%Reduced
Arrowstreet Capital, Limited Partnership512,554$101.1M0.06%+60,605+13.4%Added
Jane Street Group, LLC515,140$101.6M0.12%+417,356+426.8%Added
Westfield Capital Management Co LP519,475$102.4M0.43%+38,625+8.0%Added
California Public Employees Retirement System528,947$104.3M0.06%+8,077+1.6%Added
BNP Paribas Arbitrage, SA544,944$107.4M0.07%+406,280+293.0%Added
Canada Pension Plan Investment Board547,688$108.0M0.07%+493,243+905.9%Added
Neuberger Berman Group LLC552,666$109.0M0.08%−29,919−5.1%Reduced
CIBC Private Wealth Group, LLC556,609$109.7M0.19%−22,528−3.9%Reduced
Artisan Partners Limited Partnership588,598$116.0M0.18%−126,460−17.7%Reduced
AQR Capital Management LLC612,686$120.8M0.06%+49,438+8.8%Added
Ameriprise Financial Inc649,034$128.0M0.03%+52,784+8.9%Added
Marshall Wace, LLP690,747$136.2M0.13%+163,966+31.1%Added
Federated Hermes, Inc.692,827$136.6M0.23%−169,182−19.6%Reduced
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main711,241$140.2M0.12%+463,077+186.6%Added
Penserra Capital Management LLC715,377$141.0M1.68%+40,556+6.0%Added
Nuveen, LLC725,008$142.9M0.04%+12,905+1.8%Added
Nomura Asset Management International Inc.771,636$152.1M0.23%+771,636New
Wells Fargo & Company774,000$152.6M0.03%+20,243+2.7%Added
Citigroup Inc807,403$159.2M0.11%+40,424+5.3%Added
Swiss National Bank857,400$169.0M0.10%−37,800−4.2%Reduced
UBS Group AG882,907$174.1M0.03%−19,281−2.1%Reduced
Lord, Abbett & Co. LLC920,597$181.5M0.56%−157,038−14.6%Reduced
Polar Capital Holdings Plc930,366$183.4M0.84%−863,149−48.1%Reduced
KBC Group NV936,921$184.7M0.42%+117,155+14.3%Added
National Pension Service948,003$186.9M0.14%+329,341+53.2%Added
Price T Rowe Associates Inc1,034,680$204.0M0.02%−320,826−23.7%Reduced
Raymond James Financial Inc1,030,550$204.9M0.06%−64,978−5.9%Reduced
Strategy Capital LLC1,042,099$205.4M15.15%−120,839−10.4%Reduced
Bank of New York Mellon Corp1,057,265$208.4M0.04%−4,337−0.4%Reduced
Sumitomo Mitsui Trust Holdings, Inc.1,125,602$221.9M0.13%−150,449−11.8%Reduced
1832 Asset Management L.P.1,147,900$226.3M0.29%−177,800−13.4%Reduced
Pictet Asset Management Holding SA1,175,479$231.8M0.23%−89,908−7.1%Reduced
Two Sigma Investments, LP1,257,598$247.9M0.37%+20,634+1.7%Added
Amundi1,331,452$262.5M0.07%+603,097+82.8%Added
Squarepoint Ops LLC1,526,578$301.0M0.61%+624,341+69.2%Added
Charles Schwab Investment Management Inc1,531,220$301.9M0.05%+64,678+4.4%Added
Deutsche Bank AG1,588,591$313.2M0.10%+207,725+15.0%Added
Massachusetts Financial Services Co1,639,661$323.3M0.10%+336,768+25.8%Added
Wellington Management Group LLP1,707,014$336.5M0.06%+451,280+35.9%Added
Royal Bank of Canada1,713,666$337.8M0.06%−67,288−3.8%Reduced
Gilder Gagnon Howe & Co LLC1,754,461$345.9M3.65%−81,969−4.5%Reduced
Jennison Associates LLC1,863,612$367.4M0.22%+1,657,144+802.6%Added
Northern Trust Corp1,971,595$388.7M0.05%+62,475+3.3%Added
Bank of America Corp2,285,370$450.6M0.03%+57,014+2.6%Added
Voya Investment Management LLC2,294,562$452.1M0.45%+47,017+2.1%Added
Goldman Sachs Group Inc2,334,059$460.2M0.07%−94,909−3.9%Reduced
Two Sigma Advisers, LP2,340,000$461.3M0.90%+805,700+52.5%Added
UBS Asset Management Americas Inc2,463,842$485.7M0.10%−20,059−0.8%Reduced
Legal & General Group Plc2,824,772$556.9M0.12%+131,127+4.9%Added
American Century Companies Inc3,174,409$625.8M0.31%+243,352+8.3%Added
Franklin Resources Inc3,575,711$705.0M0.17%+410,175+13.0%Added
Norges Bank3,643,501$718.3M0.08%+3,643,501New
Invesco Ltd.3,700,696$729.6M0.07%−264,037−6.7%Reduced
Sands Capital Management, LLC3,731,287$735.6M2.24%−77,032−2.0%Reduced
First Trust Advisors LP4,019,157$792.4M0.58%+63,198+1.6%Added
Geode Capital Management, LLC6,018,175$1.18B0.07%+241,981+4.2%Added
State Street Corp6,988,989$1.38B0.05%+178,597+2.6%Added
FMR LLC12,750,499$2.51B0.13%−498,226−3.8%Reduced
JPMorgan Chase & Co13,607,106$2.68B0.18%+3,045,901+28.8%Added
Baillie Gifford & Co16,823,947$3.32B2.76%−5,024,793−23.0%Reduced
Morgan Stanley18,009,245$3.55B0.21%−1,001,947−5.3%Reduced
BlackRock, Inc.22,653,454$4.47B0.08%+21,095+0.1%Added
Vanguard Group Inc32,407,646$6.39B0.09%+90,397+0.3%Added
Capital World Investors35,825,517$7.06B0.96%−4,689,869−11.6%Reduced
Vinland Capital Management Gestora de Recursos LTDA.0$00.00%−820−100.0%Sold out
Alfreton Capital LLP0$00.00%−180,000−100.0%Sold out
Generate Investment Management Ltd0$00.00%−63,777−100.0%Sold out
Agf Management Ltd0$00.00%−46,986−100.0%Sold out
Virtu Financial LLC0$00.00%−38,362−100.0%Sold out
Tredje AP-fonden0$00.00%−30,920−100.0%Sold out
Science & Technology Partners, L.P.0$00.00%−24,312−100.0%Sold out
Rokos Capital Management LLP0$00.00%−23,523−100.0%Sold out
Lee Johnson Capital Management, LLC0$00.00%−22,537−100.0%Sold out