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
BCH
176
Berkshire Capital Holdings
California
$15.7M -$5.97M -29,240 -29%
GCM
177
Glynn Capital Management
California
$15.3M -$7.27M -35,603 -33%
Creative Planning
178
Creative Planning
Kansas
$15.2M +$2.36M +11,544 +20%
FAF
179
Fjarde Ap-fonden
Sweden
$14.6M +$163K +800 +1%
Man Group
180
Man Group
United Kingdom
$14.5M +$2.22M +10,860 +19%
FAF
181
Första AP-fonden
Sweden
$14.4M +$776K +3,800 +6%
QCM
182
Quantinno Capital Management
New York
$14.3M +$1.88M +9,187 +16%
SPC
183
Stony Point Capital
New York
$14.2M +$13.5M +66,353 New
Allianz Asset Management
184
Allianz Asset Management
Germany
$14M +$10.2M +49,749 +322%
SCM
185
Silvant Capital Management
Georgia
$13.9M -$345K -1,689 -3%
TI
186
Tidal Investments
Wisconsin
$13.9M +$8.18M +40,075 +162%
MML Investors Services
187
MML Investors Services
Massachusetts
$13.7M +$1.04M +5,082 +9%
MGM
188
Manchester Global Management
United Kingdom
$13.7M – – –
GIM
189
Generate Investment Management
New Zealand
$13.7M +$7.86M +38,484 +152%
AG
190
AIA Group
Hong Kong
$13.7M +$1.63M +7,997 +14%
X
191
Xponance
Pennsylvania
$13.7M +$556K +2,722 +4%
Skandinaviska Enskilda Banken (SEB)
192
Skandinaviska Enskilda Banken (SEB)
Sweden
$13.5M -$385K -1,884 -3%
IMPI
193
Ilmarinen Mutual Pension Insurance
Finland
$13.5M – – –
BBVA
194
Banco Bilbao Vizcaya Argentaria
Spain
$13.4M +$10.7M +52,316 +511%
CS
195
Candriam SCA
Luxembourg
$13.4M +$1.17M +5,709 +10%
DR
196
Davis Rea
Ontario, Canada
$13.1M +$2.03M +9,947 +19%
IEFM
197
IQ EQ Fund Management
Ireland
$13.1M +$3.27M +16,013 +36%
II
198
IFM Investors
Australia
$12.9M +$161K +788 +1%
VMPIC
199
Varma Mutual Pension Insurance Co
Finland
$12.9M +$980K +4,800 +9%
ORI
200
Oak Ridge Investments
Illinois
$12.8M +$219K +1,072 +2%
6 7
8
9 10

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.