We are live on ! Find out more
NET icon

Cloudflare
NET

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
ACM
151
Atika Capital Management
New York
$21M +$5.96M +29,209 +42%
Jane Street
152
Jane Street
New York
$21M -$8.77M -42,978 -31%
Walleye Trading
153
Walleye Trading
New York
$20.4M +$2.24M +10,974 +13%
RAM
154
Resona Asset Management
Japan
$20.3M -$1.58M -7,733 -8%
DnB Asset Management
155
DnB Asset Management
Norway
$20.1M +$6.19M +30,299 +48%
RIA
156
RPG Investment Advisory
California
$20M -$3.92M -19,206 -17%
Fiera Capital (Canada)
157
Fiera Capital (Canada)
Quebec, Canada
$19.8M +$3.25M +15,932 +21%
ASRS
158
Arizona State Retirement System
Arizona
$19.7M +$285K +1,398 +2%
Cambridge Investment Research Advisors
159
Cambridge Investment Research Advisors
Iowa
$19.5M -$897K -4,392 -5%
Toronto Dominion Bank
160
Toronto Dominion Bank
Ontario, Canada
$19.4M +$7.02M +34,401 +61%
Alyeska Investment Group
161
Alyeska Investment Group
Illinois
$19.4M +$6.4M +31,339 +53%
CRC
162
Curi RMB Capital
Illinois
$19.3M -$1.73M -8,460 -9%
Cetera Investment Advisers
163
Cetera Investment Advisers
Illinois
$19M -$780K -3,820 -4%
PL
164
Parkwood LLC
Ohio
$18.8M +$17.9M +87,750 New
HighTower Advisors
165
HighTower Advisors
Illinois
$18.5M +$155K +761 +0.9%
N
166
Natixis
France
$17.9M +$17.1M +83,626 New
GAM
167
Gotham Asset Management
New York
$17.8M +$6.42M +31,423 +61%
Mariner
168
Mariner
Kansas
$17.5M -$7.48M -36,615 -31%
CRB
169
Chad R. Baker
$17.4M -$2.98M -14,595 -15%
Truist Financial
170
Truist Financial
North Carolina
$17.4M -$802K -3,928 -5%
ST
171
Sentinel Trust
Texas
$17.3M – – –
TD Asset Management
172
TD Asset Management
Ontario, Canada
$17.3M +$742K +3,633 +5%
CAPTRUST Financial Advisors
173
CAPTRUST Financial Advisors
North Carolina
$16.2M +$2.41M +11,795 +19%
AGAM
174
Avalon Global Asset Management
California
$16.2M – – –
CI Investments Inc
175
CI Investments Inc
Ontario, Canada
$15.9M -$763K -3,736 -5%
5 6
7
8 9

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.