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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
SAM
1076
Strategy Asset Managers
California
– -$265K -1,351 Closed
WIA
1077
World Investment Advisors
California
– -$255K -1,301 Closed
NL
1078
NWAM LLC
Washington
– -$265K -1,275 Closed
PCP
1079
Proficio Capital Partners
Massachusetts
– -$236K -1,204 Closed
ACA
1080
Aptus Capital Advisors
Alabama
– -$233K -1,189 Closed
AGA
1081
Arkos Global Advisors
Texas
– -$231K -1,180 Closed
LSA
1082
Lion Street Advisors
Texas
– -$225K -1,150 Closed
PCMH
1083
Polymer Capital Management (HK)
Hong Kong
– -$225K -1,150 Closed
DE
1084
Diversified Enterprises
Delaware
– -$225K -1,149 Closed
IWS
1085
Integrity Wealth Solutions
Colorado
– -$219K -1,120 Closed
SNB
1086
Security National Bank
Nebraska
– -$210K -1,074 Closed
GM
1087
GeoWealth Management
Illinois
– -$150K -768 Closed
KGP
1088
Keystone Global Partners
Colorado
– -$110K -563 Closed
FIA
1089
FNY Investment Advisers
New York
– -$101K -518 Closed
PSFG
1090
Park Square Financial Group
Georgia
– -$93.7K -478 Closed
SPM
1091
Symmetry Peak Management
Pennsylvania
– -$59.2K -290 Closed
WA
1092
Whipplewood Advisors
Colorado
– -$49.5K -253 Closed
TPWA
1093
Twin Peaks Wealth Advisors
California
– -$29K -143 Closed
VSQM
1094
V-Square Quantitative Management
Illinois
– -$23.1K -118 Closed
RAM
1095
Riggs Asset Management
Pennsylvania
– -$22.5K -115 Closed
TIM
1096
Total Investment Management
Arizona
– -$19.8K -101 Closed
VWM
1097
Vermillion Wealth Management
Minnesota
– -$19.6K -100 Closed
SO
1098
Sierra Ocean
California
– -$16.8K -86 Closed
BFP
1099
Briaud Financial Planning
Texas
– -$16K -85 Closed
Fuller & Thaler Asset Management
1100
Fuller & Thaler Asset Management
California
– -$10.8K -55 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.