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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
BFS
1001
Bare Financial Services
Pennsylvania
$4.51K +$2.65K +13 +163%
SIC
1002
Salem Investment Counselors
North Carolina
$4.29K – – –
WW
1003
Winnow Wealth
Texas
$3.87K +$3.67K +18 New
PWA
1004
Principia Wealth Advisory
Texas
$3.86K +$408 +2 +13%
HHGA
1005
Halbert Hargrove Global Advisors
California
$3.65K +$3.47K +17 New
EPW
1006
Evergreen Private Wealth
Colorado
$3.65K – – –
IA
1007
IFS Advisors
Kansas
$3.65K – – –
HWA
1008
HHM Wealth Advisors
Tennessee
$3.43K – – –
TIM
1009
Tortoise Investment Management
New York
$3.43K +$817 +4 +33%
CT
1010
Colonial Trust
South Carolina
$3.24K +$204 +1 +7%
SIC
1011
SJS Investment Consulting
Ohio
$3.22K – – –
IWM
1012
IMG Wealth Management
Florida
$3.22K – – –
MEG
1013
Millstone Evans Group
Colorado
$3.22K – – –
GGI
1014
Godsey & Gibb Inc
Virginia
$3K +$2.86K +14 New
CIR
1015
Clear Investment Research
Georgia
$2.79K – – –
RA
1016
Rise Advisors
New York
$2.79K – – –
DPW
1017
DiNuzzo Private Wealth
Pennsylvania
$2.71K – – –
RWM
1018
Rialto Wealth Management
New York
$2.58K +$204 +1 +9%
BHWM
1019
Bay Harbor Wealth Management
Maryland
$2.58K +$612 +3 +33%
MPW
1020
MASECO Private Wealth
$2.36K – – –
HCM
1021
Horrell Capital Management
Arkansas
$1.93K – – –
ACA
1022
American Capital Advisory
Idaho
$1.72K – – –
HWA
1023
Heartwood Wealth Advisors
Virginia
$1.72K +$1.63K +8 New
CMA
1024
Cedar Mountain Advisors
Oregon
$1.5K +$1.43K +7 New
SC
1025
Stephens Consulting
Michigan
$1.29K -$1.43K -7 -54%
39 40
41
42 43

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.