Select Equity Group’s Cloudflare NET Stock Holding History

Select Equity Group’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	$64.1M	Buy	+310,800	New	+$59.3M	0.33%	61
2025 Q4	–	Sell	-154,400	Closed	-$33.1M	–	198
2025 Q3	$33.1M	Sell	154,400 -74,600	-33%	-$15.2M	0.14%	87
2025 Q2	$44.8M	Buy	229,000 +211,500	+1,209%	+$30.7M	0.19%	76
2025 Q1	$1.97M	Buy	+17,500	New	+$2.32M	0.01%	143
2023 Q4	–	Sell	-13,000	Closed	-$820K	–	180
2023 Q3	$820K	Buy	+13,000	New	+$832K	﹤0.01%	165

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

Select Equity Group's NET Position: Q1 2026 in Review

Select Equity Group increased its Cloudflare (NET) stake by 554% in Q1 2026, buying an estimated $138M and bringing the position to 854,924 shares worth $176M. The position accounts for 0.9% of the portfolio, ranked #34.

Select Equity Group first reported a position in NET in Q1 2025 and has held it in 5 quarters since. 1,130 funds tracked by Wall St. Rank hold NET as of Q1 2026.

Select Equity Group held 854,924 shares of Cloudflare worth $176M as of Q1 2026.
Select Equity Group bought 724,151 Cloudflare shares in Q1 2026, an estimated $138M.
Cloudflare made up 0.9% of Select Equity Group's portfolio in Q1 2026, its #34 holding.
Select Equity Group first reported a position in Cloudflare in Q1 2025 and has held it in 5 quarters since.
1,130 funds tracked by Wall St. Rank held Cloudflare as of Q1 2026.

Based on Select Equity Group's 13F filing for Q1 2026, filed 15 May 2026.