Alfreton Capital’s Cloudflare NET Stock Holding History

Alfreton Capital’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	-180,000	Closed	-$38.6M	–	5
2025 Q3	$38.6M	Sell	180,000 -220,000	-55%	-$44.9M	16.69%	4
2025 Q2	$78.3M	Sell	400,000 -30,000	-7%	-$4.36M	22.73%	2
2025 Q1	$48.5M	Buy	+430,000	New	+$57M	15.39%	4
2024 Q1	–	Sell	-800,000	Closed	-$66.6M	–	6
2023 Q4	$66.6M	Sell	800,000 -120,000	-13%	-$8.39M	27.25%	1
2023 Q3	$58M	Sell	920,000 -30,000	-3%	-$1.92M	27.53%	2
2023 Q2	$62.1M	Sell	950,000 -350,000	-27%	-$20.9M	29.23%	1
2023 Q1	$80.2M	Hold	1,300,000	–	–	37.5%	1
2022 Q4	$58.8M	Hold	1,300,000	–	–	30.93%	1
2022 Q3	$71.9M	Buy	1,300,000 +100,000	+8%	+$5.94M	45.41%	1
2022 Q2	$52.5M	Buy	1,200,000 +700,000	+140%	+$50.4M	38.99%	2
2022 Q1	$59.9M	Buy	+500,000	New	+$52.1M	39.73%	2

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 $3.37T AUM 44.26% 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

Alfreton Capital's NET Position: Q4 2025 in Review

Alfreton Capital sold out of Cloudflare (NET) in Q4 2025, closing a stake of 180,000 shares — an estimated $38.6M sold.

Alfreton Capital first reported a position in NET in Q1 2022 and held it in 11 quarters. The position peaked at $80.2M in Q1 2023. 1,092 funds tracked by Wall St. Rank hold NET as of Q4 2025.

Alfreton Capital reported no remaining Cloudflare position as of Q4 2025 after selling out during the quarter.
Alfreton Capital sold 180,000 Cloudflare shares in Q4 2025, an estimated $38.6M.
Alfreton Capital first reported a position in Cloudflare in Q1 2022 and held it in 11 quarters.
Alfreton Capital's Cloudflare position peaked at $80.2M in Q1 2023.
1,092 funds tracked by Wall St. Rank held Cloudflare as of Q4 2025.

Based on Alfreton Capital's 13F filing for Q4 2025, filed 10 Feb 2026.