Cloudflare
NET
947 hedge funds and large institutions have $54.3B invested in Cloudflare in 2025 Q2 according to their latest regulatory filings, with 190 funds opening new positions, 401 increasing their positions, 263 reducing their positions, and 108 closing their positions.
91% more capital inflows, than outflows
Capital inflows: $4.38B | Capital outflows: $2.3B
77% more funds holding in top 10
Funds holding in top 10: 13 → 23 (+10)
76% more first-time investments, than exits
New positions opened: 190 | Existing positions closed: 108
67% more call options, than puts
Call options by funds: $2.25B | Put options by funds: $1.35B
52% more repeat investments, than reductions
Existing positions increased: 401 | Existing positions reduced: 263
8% more funds holding
Funds holding: 873 → 947 (+74)
3.73% more ownership
Funds ownership: 85.66% → 89.39% (+3.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$906M |
| 2 |
JP Morgan Chase
New York
|
+$680M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$354M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$182M |
| 5 |
KBC Group
Brussels,
Belgium
|
+$100M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$276M |
| 2 |
Morgan Stanley
New York
|
-$221M |
| 3 |
Sands Capital Management
Arlington,
Virginia
|
-$218M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$147M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
-$90.7M |
NET Hedge Fund Activity: Q2 2025 in Review
947 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Cloudflare (NET) for Q2 2025, worth a combined $54.3B — up 83% from $29.8B a quarter earlier.
Buyers outnumbered sellers: 190 funds opened new NET positions and 108 closed out — a net gain of 82 holders — while 401 added to existing stakes and 263 trimmed.
The largest buyer was Capital World Investors, adding an estimated $906M. The largest seller was Baillie Gifford & Co, cutting an estimated $276M.
- 947 institutional investors held Cloudflare (NET) as of Q2 2025, up from 873 in Q1 2025.
- Funds reported $54.3B of Cloudflare stock for Q2 2025, up 83% quarter-over-quarter.
- 190 funds opened new Cloudflare positions in Q2 2025 and 108 closed out, a net change of +82 holders.
- The largest Cloudflare buyer in Q2 2025 was Capital World Investors, an estimated $906M added.
- The largest Cloudflare seller in Q2 2025 was Baillie Gifford & Co, an estimated $276M sold.
Based on aggregated 13F filings for Q2 2025.