Cloudflare
NET
710 hedge funds and large institutions have $24.2B invested in Cloudflare in 2024 Q1 according to their latest regulatory filings, with 113 funds opening new positions, 285 increasing their positions, 210 reducing their positions, and 72 closing their positions.
57% more first-time investments, than exits
New positions opened: 113 | Existing positions closed: 72
36% more repeat investments, than reductions
Existing positions increased: 285 | Existing positions reduced: 210
17% more capital invested
Capital invested by funds: $20.7B → $24.2B (+$3.44B)
5% more funds holding
Funds holding: 677 → 710 (+33)
0.45% less ownership
Funds ownership: 84.2% → 83.76% (-0.45%)
28% less call options, than puts
Call options by funds: $798M | Put options by funds: $1.12B
40% less funds holding in top 10
Funds holding in top 10: 20 → 12 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
+$164M |
| 2 |
Squarepoint
New York
|
+$90.8M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
+$73.7M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
+$60.3M |
| 5 |
JP Morgan Chase
New York
|
+$54.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sands Capital Management
Arlington,
Virginia
|
-$374M |
| 2 |
Morgan Stanley
New York
|
-$229M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$122M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$71.7M |
| 5 |
AC
Alfreton Capital
Radlett, Hertfordshire,
United Kingdom
|
-$66.6M |
NET Hedge Fund Activity: Q1 2024 in Review
710 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Cloudflare (NET) for Q1 2024, worth a combined $24.2B — up 17% from $20.7B a quarter earlier.
Buyers outnumbered sellers: 113 funds opened new NET positions and 72 closed out — a net gain of 41 holders — while 285 added to existing stakes and 210 trimmed.
The largest buyer was Polar Capital Holdings, adding an estimated $164M. The largest seller was Sands Capital Management, cutting an estimated $374M.
- 710 institutional investors held Cloudflare (NET) as of Q1 2024, up from 677 in Q4 2023.
- Funds reported $24.2B of Cloudflare stock for Q1 2024, up 17% quarter-over-quarter.
- 113 funds opened new Cloudflare positions in Q1 2024 and 72 closed out, a net change of +41 holders.
- The largest Cloudflare buyer in Q1 2024 was Polar Capital Holdings, an estimated $164M added.
- The largest Cloudflare seller in Q1 2024 was Sands Capital Management, an estimated $374M sold.
Based on aggregated 13F filings for Q1 2024.