NET in the 13F filings
Cloudflare Inc · CUSIP 18915M107
- Quarter end
- 31 Mar 2025
- the date the book describes
- Filed
- 5 Nov 2026
- latest of these filings; the earliest 7 May 2025
- Managers listing it
- 18
- at least, of 95 tracked, among listed positions
- Comparable managers
- 95
- filed both Q4 2024 and Q1 2025; 10 listed it in both
- Shares listed
- 83,618,903
- combined, among listed positions
- Reported value
- $9.4bn
- combined, at the quarter end
Among the 95 comparable managers: 11 buyers (opened or added shares) and 8 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.
Managers listing NET in Q1 2025
18 of 18 holders
What managers have written about NET
Shown because the letter names the company. A letter is commentary; it is not a record of why a position changed.
By writers not tracked in the 13F universe
- Cloudflare's 2019 IPO letter from Matthew Prince and Michelle Zatlyn · Cloudflare · 15 Aug 2019 · The writer’s own company
Their positions are not shown: no 13F filings of theirs are tracked here.
Largest increases and reductions, by shares
Increases
- Fidelity (FMR LLC)existing position · 14,011,812 shares now+1,663,161
- Two Sigma Investments LPexisting position · 1,384,017 shares now+1,058,703
- Voloridge Investment Management LLCnew position · 804,645 shares now+804,645
- Two Sigma Advisers LPexisting position · 773,000 shares now+683,000
- Artisan Partners LPnew position · 480,003 shares now+480,003
Reductions
- Baillie Gifford & Coexisting position · 27,425,821 shares now-4,458,339
- Point72 Asset Management LPexisting position · 281,483 shares now-1,125,571
- Marshall Wace LLPexisting position · 583,559 shares now-1,051,703
- Capital World Investorsexisting position · 34,567,917 shares now-841,390
- Squarepoint Ops LLCexisting position · 813,911 shares now-227,489
New positions and exits
New (4)
Exited (1)
- Moore Capital Management LPwas $565k
Ownership over time
Tracked managers listing it, at least.
| Quarter | Holders | Reported value | Buyers | Sellers |
|---|---|---|---|---|
| Q3 2019 | 8 | $410m | n.a. | n.a. |
| Q4 2019 | 3 | $363m | n.a. | n.a. |
| Q1 2020 | 5 | $625m | n.a. | n.a. |
| Q2 2020 | 9 | $1.6bn | n.a. | n.a. |
| Q3 2020 | 11 | $2.5bn | n.a. | n.a. |
| Q4 2020 | 21 | $5.0bn | n.a. | n.a. |
| Q1 2021 | 12 | $4.6bn | n.a. | n.a. |
| Q2 2021 | 14 | $7.0bn | n.a. | n.a. |
| Q3 2021 | 14 | $7.4bn | n.a. | n.a. |
| Q4 2021 | 22 | $10.6bn | n.a. | n.a. |
| Q1 2022 | 15 | $8.7bn | n.a. | n.a. |
| Q2 2022 | 12 | $2.7bn | n.a. | n.a. |
| Q3 2022 | 13 | $3.2bn | n.a. | n.a. |
| Q4 2022 | 9 | $2.9bn | n.a. | n.a. |
| Q1 2023 | 13 | $4.1bn | n.a. | n.a. |
| Q2 2023 | 7 | $4.9bn | n.a. | n.a. |
| Q3 2023 | 12 | $5.0bn | n.a. | n.a. |
| Q4 2023 | 14 | $6.7bn | 12 | 3 |
| Q1 2024 | 14 | $8.0bn | 11 | 4 |
| Q2 2024 | 12 | $7.1bn | 6 | 7 |
| Q3 2024 | 13 | $7.1bn | 7 | 6 |
| Q4 2024 | 16 | $9.3bn | 9 | 7 |
| Q1 2025 | 18 | $9.4bn | 11 | 8 |
| Q2 2025 | 19 | $18.3bn | 13 | 8 |
| Q3 2025 | 24 | $19.5bn | 16 | 7 |
| Q4 2025 | 29 | $16.4bn | 24 | 18 |
| Q1 2026 | 32 | $15.7bn | 27 | 17 |
| Q2 2026 | 32 | $17.9bn | 22 | 26 |
Compare with…
Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.
NET and GOOGL →NET and AMZN →NET and MSFT →Choose a stock to compare with NET →
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.
Which funds own NET, latest filings →Back to the 13F Explorer →