SW Investment Management’s Cloudflare NET Stock Holding History

SW Investment 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
2025 Q1	–	Sell	-400,000	Closed	-$43.1M	–	11
2024 Q4	$43.1M	Hold	400,000	–	–	10.1%	3
2024 Q3	$32.4M	Hold	400,000	–	–	8.55%	5
2024 Q2	$33.1M	Hold	400,000	–	–	10.54%	4
2024 Q1	$38.7M	Sell	400,000 -50,000	-11%	-$4.53M	12.44%	2
2023 Q4	$37.5M	Sell	450,000 -100,000	-18%	-$6.99M	12.91%	3
2023 Q3	$34.7M	Sell	550,000 -150,000	-21%	-$9.6M	15.42%	3
2023 Q2	$45.8M	Sell	700,000 -350,000	-33%	-$20.9M	16.95%	2
2023 Q1	$64.7M	Hold	1,050,000	–	–	26.14%	1
2022 Q4	$47.5M	Buy	1,050,000 +50,000	+5%	+$2.47M	22.51%	2
2022 Q3	$55.3M	Hold	1,000,000	–	–	27.79%	1
2022 Q2	$43.8M	Buy	1,000,000 +275,000	+38%	+$19.8M	24.69%	2
2022 Q1	$86.8M	Buy	725,000 +125,000	+21%	+$13M	30.43%	1
2021 Q4	$78.9M	Buy	600,000 +50,000	+9%	+$8.38M	26.83%	1
2021 Q3	$62M	Hold	550,000	–	–	24.65%	1
2021 Q2	$58.2M	Hold	550,000	–	–	22.27%	1
2021 Q1	$38.6M	Buy	550,000 +135,000	+33%	+$10.4M	18.1%	3
2020 Q4	$31.5M	Buy	+415,000	New	+$27.2M	19.3%	3

Other funds holding NET

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

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

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

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

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

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

Sands Capital Management Arlington, Virginia $25.5B AUM 26.46% 1-Year Est. Return

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

First Trust Advisors Wheaton, Illinois $140B AUM 27.84% 1-Year Est. Return

SW Investment Management's NET Position: Q1 2025 in Review

SW Investment Management sold out of Cloudflare (NET) in Q1 2025, closing a stake of 400,000 shares — an estimated $43.1M sold.

SW Investment Management first reported a position in NET in Q4 2020 and held it in 17 quarters. The position peaked at $86.8M in Q1 2022. 872 funds tracked by Wall St. Rank hold NET as of Q1 2025.

SW Investment Management reported no remaining Cloudflare position as of Q1 2025 after selling out during the quarter.
SW Investment Management sold 400,000 Cloudflare shares in Q1 2025, an estimated $43.1M.
SW Investment Management first reported a position in Cloudflare in Q4 2020 and held it in 17 quarters.
SW Investment Management's Cloudflare position peaked at $86.8M in Q1 2022.
872 funds tracked by Wall St. Rank held Cloudflare as of Q1 2025.

Based on SW Investment Management's 13F filing for Q1 2025, filed 13 May 2025.