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Cloudflare
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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
1,038
Holders Change
+92
Holders Change %
+9.73%
% of All Funds
13.62%
Holding in Top 10
19
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-17.39%
% of All Funds
0.25%
New
176
Increased
406
Reduced
320
Closed
71
Calls
$2.71B
Puts
$1.55B
Net Calls
+$1.16B
Net Calls Change
+$252M

Top Buyers

1
JP Morgan Chase
JP Morgan Chase
New York
+$701M
2
BlackRock
BlackRock
New York
+$243M
3
Bank of America
Bank of America
North Carolina
+$188M
4
Two Sigma Advisers
Two Sigma Advisers
New York
+$170M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$168M

Top Sellers

1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$751M
2
Sands Capital Management
Sands Capital Management
Virginia
-$229M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$217M
4
Morgan Stanley
Morgan Stanley
New York
-$209M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$127M
Name Holding Trade Value Shares
Change 		Change in
Stake
Canada Life
76
Canada Life
Manitoba, Canada
$78.5M +$1.68M +8,225 +2%
Citadel Advisors
77
Citadel Advisors
Florida
$77M -$41.1M -201,222 -36%
Renaissance Technologies
78
Renaissance Technologies
New York
$70.5M +$55.9M +273,900 +502%
Dimensional Fund Advisors
79
Dimensional Fund Advisors
Texas
$70.2M -$9.66M -47,300 -13%
Select Equity Group
80
Select Equity Group
New York
$69.5M +$4.18M +20,475 +7%
WCA
81
Whetstone Capital Advisors
Kansas
$66.8M -$919K -4,500 -1%
Allspring Global Investments
82
Allspring Global Investments
North Carolina
$66.1M -$1.55M -7,601 -2%
FCM
83
Frontier Capital Management
Massachusetts
$65.7M +$6.79M +33,236 +12%
Envestnet Asset Management
84
Envestnet Asset Management
Illinois
$64M -$4.95M -24,229 -8%
AIM
85
AXA Investment Managers
France
$63.6M +$60.5M +296,401 New
HSBC Holdings
86
HSBC Holdings
United Kingdom
$63M +$25.3M +123,917 +72%
Mitsubishi UFJ Asset Management
87
Mitsubishi UFJ Asset Management
Japan
$62.7M +$4.51M +22,112 +8%
State Board of Administration of Florida Retirement System
88
State Board of Administration of Florida Retirement System
Florida
$61.1M -$2.91M -14,235 -5%
Balyasny Asset Management
89
Balyasny Asset Management
Illinois
$58M +$51.9M +254,316 +1,608%
AllianceBernstein
90
AllianceBernstein
Tennessee
$57.8M +$7.93M +38,829 +17%
SEI Investments
91
SEI Investments
Pennsylvania
$55.9M -$14M -68,723 -21%
DZ Bank
92
DZ Bank
Germany
$53.3M +$50.1M +245,353 +8,728%
CIS
93
Capital International Sarl
California
$52.7M +$761K +3,727 +2%
Aviva
94
Aviva
United Kingdom
$52.6M +$2.88M +14,094 +6%
SAM
95
Storebrand Asset Management
Norway
$52.1M +$16.9M +82,720 +52%
WT
96
Whittier Trust
California
$51.7M +$2.02M +9,897 +4%
WIM
97
WIM Investment Management
Hong Kong
$48.9M -$1.94M -9,500 -4%
PI
98
PineBridge Investments
New York
$48.5M +$5.68M +27,815 +14%
Principal Financial Group
99
Principal Financial Group
Iowa
$47.9M -$15.7M -76,785 -26%
AIM
100
ARK Investment Management
Florida
$47.7M +$3.68M +18,012 +9%
2 3
4
5 6

NET Hedge Fund Activity: Q3 2025 in Review

1,038 of the 7,619 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.