Norges Bank
NET icon

Norges Bank’s Cloudflare NET Stock Holding History

Norges Bank’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 		– Sell
-3,643,501
Closed -$718M – 901
2025
Q4 		$718M Buy
+3,643,501
New +$771M 0.08% 226
2025
Q3 		– Sell
-2,764,959
Closed -$541M – 1007
2025
Q2 		$541M Buy
2,764,959
+509,147
+23% +$73.9M 0.07% 263
2025
Q1 		$254M Sell
2,255,812
-61,650
-3% -$8.17M 0.04% 398
2024
Q4 		$250M Buy
2,317,462
+98,819
+4% +$9.65M 0.03% 415
2024
Q3 		$179M Buy
2,218,643
+164,303
+8% +$13.2M 0.03% 496
2024
Q2 		$170M Buy
2,054,340
+734,085
+56% +$59.2M 0.03% 485
2024
Q1 		$128M Sell
1,320,255
-1,344,380
-50% -$122M 0.02% 571
2023
Q4 		$222M Buy
2,664,635
+553,946
+26% +$38.7M 0.04% 387
2023
Q3 		$133M Buy
2,110,689
+88,889
+4% +$5.69M 0.03% 486
2023
Q2 		$132M Sell
2,021,800
-838,791
-29% -$50.1M 0.03% 501
2023
Q1 		$176M Buy
2,860,591
+104,740
+4% +$5.73M 0.04% 405
2022
Q4 		$125M Buy
2,755,851
+342,434
+14% +$16.9M 0.03% 473
2022
Q3 		$133M Sell
2,413,417
-267,955
-10% -$15.9M 0.04% 429
2022
Q2 		$117M Buy
2,681,372
+139,888
+6% +$10.1M 0.03% 475
2022
Q1 		$304M Buy
2,541,484
+101,220
+4% +$10.6M 0.07% 271
2021
Q4 		$321M Sell
2,440,264
-1,684,803
-41% -$282M 0.07% 282
2021
Q3 		$465M Sell
4,125,067
-124,786
-3% -$14.9M 0.1% 188
2021
Q2 		$450M Buy
4,249,853
+440,444
+12% +$36.5M 0.1% 200
2021
Q1 		$268M Sell
3,809,409
-626,501
-14% -$48.3M 0.06% 297
2020
Q4 		$337M Sell
4,435,910
-183,806
-4% -$12.1M 0.08% 233
2020
Q3 		$190M Buy
4,619,716
+319,716
+7% +$12.2M 0.05% 332
2020
Q2 		$155M Hold
4,300,000
– – 0.04% 371
2020
Q1 		$101M Buy
4,300,000
+2,702,781
+169% +$52.6M 0.04% 429
2019
Q4 		$27.2M Buy
1,597,219
+397,219
+33% +$6.76M 0.01% 1341
2019
Q3 		$22.3M Buy
+1,200,000
New +$23.2M 0.01% 1413

Other funds holding NET

Capital World Investors
Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
VPM
Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM
Baillie Gifford & Co
Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
Capital International Investors
Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Norges Bank's NET Position: Q1 2026 in Review

Norges Bank sold out of Cloudflare (NET) in Q1 2026, closing a stake of 3,643,501 shares — an estimated $718M sold.

Norges Bank first reported a position in NET in Q3 2019 and held it in 25 quarters. The position peaked at $718M in Q4 2025. 1,131 funds tracked by Wall St. Rank hold NET as of Q1 2026.

  • Norges Bank reported no remaining Cloudflare position as of Q1 2026 after selling out during the quarter.
  • Norges Bank sold 3,643,501 Cloudflare shares in Q1 2026, an estimated $718M.
  • Norges Bank first reported a position in Cloudflare in Q3 2019 and held it in 25 quarters.
  • Norges Bank's Cloudflare position peaked at $718M in Q4 2025.
  • 1,131 funds tracked by Wall St. Rank held Cloudflare as of Q1 2026.

Based on Norges Bank's 13F filing for Q1 2026.