Adalta Capital Management’s Cloudflare NET Stock Holding History

Adalta Capital Management’s Portfolio NET Stock Details NET Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-615	Closed	-$132K	–	103
2025 Q3	$132K	Hold	615	–	–	0.06%	94
2025 Q2	$120K	Hold	615	–	–	0.06%	90
2025 Q1	$69.3K	Hold	615	–	–	0.04%	99
2024 Q4	$66.2K	Hold	615	–	–	0.03%	95
2024 Q3	$49.7K	Hold	615	–	–	0.03%	94
2024 Q2	$50.9K	Hold	615	–	–	0.03%	98
2024 Q1	$59.5K	Sell	615 -335	-35%	-$30.3K	0.03%	98
2023 Q4	$79.1K	Hold	950	–	–	0.05%	91
2023 Q3	$60K	Hold	950	–	–	0.04%	85
2023 Q2	$62K	Hold	950	–	–	0.04%	82
2023 Q1	$59K	Sell	950 -50	-5%	-$2.73K	0.04%	80
2022 Q4	$45K	Hold	1,000	–	–	0.03%	86
2022 Q3	$55K	Sell	1,000 -130	-12%	-$7.72K	0.04%	85
2022 Q2	$49K	Sell	1,130 -365	-24%	-$26.3K	0.03%	95
2022 Q1	$179K	Hold	1,495	–	–	0.09%	81
2021 Q4	$197K	Hold	1,495	–	–	0.09%	75
2021 Q3	$168K	Hold	1,495	–	–	0.09%	76
2021 Q2	$158K	Buy	+1,495	New	+$124K	0.09%	83

Other funds holding NET

Capital World Investors Los Angeles, California $846B AUM 46.74% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

State Street Boston, Massachusetts $3.38T AUM 44.17% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

First Trust Advisors Wheaton, Illinois $170B AUM 46.21% 1-Year Est. Return

Adalta Capital Management's NET Position: Q4 2025 in Review

Adalta Capital Management sold out of Cloudflare (NET) in Q4 2025, closing a stake of 615 shares — an estimated $132K sold.

Adalta Capital Management first reported a position in NET in Q2 2021 and held it in 18 quarters. The position peaked at $197K in Q4 2021. 1,093 funds tracked by Wall St. Rank hold NET as of Q4 2025.

Adalta Capital Management reported no remaining Cloudflare position as of Q4 2025 after selling out during the quarter.
Adalta Capital Management sold 615 Cloudflare shares in Q4 2025, an estimated $132K.
Adalta Capital Management first reported a position in Cloudflare in Q2 2021 and held it in 18 quarters.
Adalta Capital Management's Cloudflare position peaked at $197K in Q4 2021.
1,093 funds tracked by Wall St. Rank held Cloudflare as of Q4 2025.

Based on Adalta Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.