Cloudflare
1,038 hedge funds and large institutions have $59.1B invested in Cloudflare in 2025 Q3 according to their latest regulatory filings, with 176 funds opening new positions, 406 increasing their positions, 320 reducing their positions, and 71 closing their positions.
148% more first-time investments, than exits
New positions opened: 176 | Existing positions closed: 71
75% more call options, than puts
Call options by funds: $2.71B | Put options by funds: $1.55B
27% more repeat investments, than reductions
Existing positions increased: 406 | Existing positions reduced: 320
10% more funds holding
Funds holding: 946 → 1,038 (+92)
9% more capital invested
Capital invested by funds: $54.3B → $59.1B (+$4.81B)
1.17% less ownership
Funds ownership: 89.39% → 88.22% (-1.2%)
17% less funds holding in top 10
Funds holding in top 10: 23 → 19 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$701M |
| 2 |
BlackRock
New York
|
+$243M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$188M |
| 4 |
Two Sigma Advisers
New York
|
+$170M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$168M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$751M |
| 2 |
Sands Capital Management
Arlington,
Virginia
|
-$229M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$217M |
| 4 |
Morgan Stanley
New York
|
-$209M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$127M |
NET Hedge Fund Activity: Q3 2025 in Review
1,038 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Cloudflare (NET) for Q3 2025, worth a combined $59.1B — up 8.9% from $54.3B a quarter earlier.
Buyers outnumbered sellers: 176 funds opened new NET positions and 71 closed out — a net gain of 105 holders — while 406 added to existing stakes and 320 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $701M. The largest seller was Baillie Gifford & Co, cutting an estimated $751M.
- 1,038 institutional investors held Cloudflare (NET) as of Q3 2025, up from 946 in Q2 2025.
- Funds reported $59.1B of Cloudflare stock for Q3 2025, up 8.9% quarter-over-quarter.
- 176 funds opened new Cloudflare positions in Q3 2025 and 71 closed out, a net change of +105 holders.
- The largest Cloudflare buyer in Q3 2025 was JP Morgan Chase, an estimated $701M added.
- The largest Cloudflare seller in Q3 2025 was Baillie Gifford & Co, an estimated $751M sold.
Based on aggregated 13F filings for Q3 2025.