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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
ET
1051
Entropy Technologies
New York
– -$3.8M -19,427 Closed
CPIH
1052
Consolidated Press International Holdings
Australia
– -$3.6M -18,360 Closed
DF
1053
Donoghue Forlines
Massachusetts
– -$2.95M -15,042 Closed
SCM
1054
Sandler Capital Management
New York
– -$2.87M -14,678 Closed
BWM
1055
Bulltick Wealth Management
Florida
– -$2.45M -12,524 Closed
KI
1056
Keystone Investors
Singapore
– -$2.38M -12,138 Closed
ECM
1057
ExodusPoint Capital Management
New York
– -$2.16M -11,051 Closed
IAN
1058
Integrated Advisors Network
Texas
– -$1.62M -8,264 Closed
BOH
1059
Bank of Hawaii
Hawaii
– -$1.45M -7,415 Closed
EMCIP
1060
Ewing Morris & Co Investment Partners
Ontario, Canada
– -$1.24M -6,346 Closed
SGDR
1061
SPX Gestao de Recursos
Brazil
– -$1.17M -6,000 Closed
SSA
1062
Schonfeld Strategic Advisors
New York
– -$1.17M -5,980 Closed
FTUS
1063
Flow Traders U.S.
New York
– -$1.15M -5,875 Closed
MA
1064
MYDA Advisors
New York
– -$1.08M -5,500 Closed
AC
1065
ASB Consultores
Florida
– -$892K -4,555 Closed
PCP
1066
Pacific Capital Partners
– -$839K -4,285 Closed
BPC
1067
Bryce Point Capital
New York
– -$815K -4,161 Closed
MYIA
1068
Mount Yale Investment Advisors
Colorado
– -$801K -4,091 Closed
DS
1069
DRW Securities
Illinois
– -$732K -3,739 Closed
SCP
1070
Sender Company & Partners
New York
– -$661K -3,373 Closed
MAM
1071
Morse Asset Management
Connecticut
– -$646K -3,300 Closed
CRI
1072
Colonial River Investments
Virginia
– -$564K -3,099 Closed
CWM
1073
Challenger Wealth Management
California
– -$454K -2,318 Closed
BAM
1074
BOCHK Asset Management
Hong Kong
– -$392K -2,000 Closed
JGC
1075
J. Goldman & Co
New York
– -$284K -1,451 Closed
41 42
43
44 45

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.