Caption Management’s Cloudflare NET Stock Holding History

Caption 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
2026 Q1	$33M	Sell	159,700 -169,300	-51%	-$32.3M	0.19%	108
2025 Q4	$64.9M	Buy	329,000 +32,000	+11%	+$6.77M	0.44%	44
2025 Q3	$63.7M	Buy	297,000 +14,000	+5%	+$2.86M	0.5%	32
2025 Q2	$55.4M	Buy	+283,000	New	+$41.1M	0.61%	19
2025 Q1	–	Sell	-108,000	Closed	-$11.6M	–	1861
2024 Q4	$11.6M	Buy	108,000 +98,000	+980%	+$9.57M	0.11%	160
2024 Q3	$809K	Sell	10,000 -75,000	-88%	-$6.03M	0.01%	831
2024 Q2	$7.04M	Sell	85,000 -81,600	-49%	-$6.58M	0.11%	196
2024 Q1	$16.1M	Buy	+166,600	New	+$15.1M	0.25%	103
2023 Q2	–	Sell	-71,700	Closed	-$4.42M	–	1303
2023 Q1	$4.42M	Hold	71,700	–	–	0.09%	254
2022 Q4	$3.24M	Buy	+71,700	New	+$3.55M	0.05%	429
2021 Q4	–	Sell	-100,000	Closed	-$11.3M	–	1828
2021 Q3	$11.3M	Buy	+100,000	New	+$11.9M	0.13%	209
2020 Q2	–	Sell	-50,000	Closed	-$1.17M	–	1118
2020 Q1	$1.17M	Buy	+50,000	New	+$973K	0.07%	363

Other funds holding NET

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Caption Management's NET Position: Q2 2025 in Review

Caption Management sold out of Cloudflare (NET) in Q2 2025, closing a stake of 6,300 shares — an estimated $915K sold.

Caption Management first reported a position in NET in Q2 2022 and held it in 4 quarters. The position peaked at $710K in Q1 2025. 946 funds tracked by Wall St. Rank hold NET as of Q2 2025.

Caption Management reported no remaining Cloudflare position as of Q2 2025 after selling out during the quarter.
Caption Management sold 6,300 Cloudflare shares in Q2 2025, an estimated $915K.
Caption Management first reported a position in Cloudflare in Q2 2022 and held it in 4 quarters.
Caption Management's Cloudflare position peaked at $710K in Q1 2025.
946 funds tracked by Wall St. Rank held Cloudflare as of Q2 2025.

Based on Caption Management's 13F filing for Q2 2025, filed 14 Aug 2025.