Nicholas Investment Partners’s Cloudflare NET Stock Holding History

Nicholas Investment Partners’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	$3.11M	Sell	15,089 -5,383	-26%	-$1.03M	0.22%	136
2025 Q4	$4.04M	Hold	20,472	–	–	0.29%	123
2025 Q3	$4.39M	Hold	20,472	–	–	0.34%	111
2025 Q2	$4.01M	Sell	20,472 -1,637	-7%	-$238K	0.36%	112
2025 Q1	$2.49M	Buy	22,109 +11,519	+109%	+$1.53M	0.26%	131
2024 Q4	$1.14M	Buy	10,590 +5,515	+109%	+$539K	0.1%	174
2024 Q3	$411K	Sell	5,075 -4,063	-44%	-$327K	0.04%	207
2024 Q2	$757K	Sell	9,138 -185	-2%	-$14.9K	0.08%	172
2024 Q1	$903K	Buy	9,323 +4,260	+84%	+$386K	0.09%	173
2023 Q4	$422K	Buy	5,063 +18	+0.4%	+$1.26K	0.05%	182
2023 Q3	$318K	Buy	+5,045	New	+$323K	0.02%	179
2023 Q2	–	Sell	-12,845	Closed	-$792K	–	207
2023 Q1	$792K	Sell	12,845 -29,233	-69%	-$1.6M	0.06%	170
2022 Q4	$1.9M	Sell	42,078 -340	-0.8%	-$16.8K	0.17%	126
2022 Q3	$2.35M	Buy	42,418 +33,614	+382%	+$2M	0.22%	115
2022 Q2	$385K	Buy	+8,804	New	+$634K	0.04%	167

Other funds holding NET

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

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

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 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 $3.37T AUM 44.26% 1-Year Est. Return

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

Nicholas Investment Partners's NET Position: Q1 2026 in Review

Nicholas Investment Partners reduced its Cloudflare (NET) stake by 26% in Q1 2026, selling an estimated $1.03M and leaving 15,089 shares worth $3.11M. The position accounts for 0.22% of the portfolio, ranked #136.

Nicholas Investment Partners first reported a position in NET in Q2 2022 and has held it in 15 quarters since. The position peaked at $4.39M in Q3 2025. 1,134 funds tracked by Wall St. Rank hold NET as of Q1 2026.

Nicholas Investment Partners held 15,089 shares of Cloudflare worth $3.11M as of Q1 2026.
Nicholas Investment Partners sold 5,383 Cloudflare shares in Q1 2026, an estimated $1.03M.
Cloudflare made up 0.22% of Nicholas Investment Partners's portfolio in Q1 2026, its #136 holding.
Nicholas Investment Partners first reported a position in Cloudflare in Q2 2022 and has held it in 15 quarters since.
Nicholas Investment Partners's Cloudflare position peaked at $4.39M in Q3 2025.
1,134 funds tracked by Wall St. Rank held Cloudflare as of Q1 2026.

Based on Nicholas Investment Partners's 13F filing for Q1 2026, filed 15 May 2026.