Cloudflare
NET
873 hedge funds and large institutions have $29.8B invested in Cloudflare in 2025 Q1 according to their latest regulatory filings, with 189 funds opening new positions, 346 increasing their positions, 238 reducing their positions, and 75 closing their positions.
152% more first-time investments, than exits
New positions opened: 189 | Existing positions closed: 75
45% more repeat investments, than reductions
Existing positions increased: 346 | Existing positions reduced: 238
38% more call options, than puts
Call options by funds: $898M | Put options by funds: $652M
13% more funds holding
Funds holding: 771 → 873 (+102)
5% more capital invested
Capital invested by funds: $28.4B → $29.8B (+$1.34B)
0.62% less ownership
Funds ownership: 86.28% → 85.66% (-0.62%)
32% less funds holding in top 10
Funds holding in top 10: 19 → 13 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$302M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$220M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$168M |
| 4 |
Two Sigma Investments
New York
|
+$140M |
| 5 |
BlackRock
New York
|
+$121M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$591M |
| 2 |
Morgan Stanley
New York
|
-$216M |
| 3 |
Sands Capital Management
Arlington,
Virginia
|
-$177M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$149M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$148M |
NET Hedge Fund Activity: Q1 2025 in Review
873 of the 7,471 institutional investors tracked by Wall St. Rank reported a position in Cloudflare (NET) for Q1 2025, worth a combined $29.8B — up 4.7% from $28.4B a quarter earlier.
Buyers outnumbered sellers: 189 funds opened new NET positions and 75 closed out — a net gain of 114 holders — while 346 added to existing stakes and 238 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $302M. The largest seller was Baillie Gifford & Co, cutting an estimated $591M.
- 873 institutional investors held Cloudflare (NET) as of Q1 2025, up from 771 in Q4 2024.
- Funds reported $29.8B of Cloudflare stock for Q1 2025, up 4.7% quarter-over-quarter.
- 189 funds opened new Cloudflare positions in Q1 2025 and 75 closed out, a net change of +114 holders.
- The largest Cloudflare buyer in Q1 2025 was JP Morgan Chase, an estimated $302M added.
- The largest Cloudflare seller in Q1 2025 was Baillie Gifford & Co, an estimated $591M sold.
Based on aggregated 13F filings for Q1 2025.