Cloudflare
1,092 hedge funds and large institutions have $54.8B invested in Cloudflare in 2025 Q4 according to their latest regulatory filings, with 183 funds opening new positions, 435 increasing their positions, 342 reducing their positions, and 113 closing their positions.
79% more call options, than puts
Call options by funds: $2.59B | Put options by funds: $1.44B
62% more first-time investments, than exits
New positions opened: 183 | Existing positions closed: 113
27% more repeat investments, than reductions
Existing positions increased: 435 | Existing positions reduced: 342
5% more funds holding
Funds holding: 1,039 → 1,092 (+53)
0.01% more ownership
Funds ownership: 88.22% → 88.23% (+0.01%)
7% less capital invested
Capital invested by funds: $59.1B → $54.8B (-$4.32B)
26% less funds holding in top 10
Funds holding in top 10: 19 → 14 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$644M |
| 2 |
Jennison Associates
New York
|
+$351M |
| 3 |
Two Sigma Advisers
New York
|
+$170M |
| 4 |
Squarepoint
New York
|
+$132M |
| 5 |
Amundi
Paris,
France
|
+$128M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$1.06B |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$992M |
| 3 |
Morgan Stanley
New York
|
-$212M |
| 4 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
-$183M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$177M |
NET Hedge Fund Activity: Q4 2025 in Review
1,092 institutional investors reported a position in Cloudflare (NET) for Q4 2025, worth a combined $54.8B — down 7.3% from $59.1B a quarter earlier.
Buyers outnumbered sellers: 183 funds opened new NET positions and 113 closed out — a net gain of 70 holders — while 435 added to existing stakes and 342 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $644M. The largest seller was Baillie Gifford & Co, cutting an estimated $1.06B.
- 1,092 institutional investors held Cloudflare (NET) as of Q4 2025, up from 1,039 in Q3 2025.
- Funds reported $54.8B of Cloudflare stock for Q4 2025, down 7.3% quarter-over-quarter.
- 183 funds opened new Cloudflare positions in Q4 2025 and 113 closed out, a net change of +70 holders.
- The largest Cloudflare buyer in Q4 2025 was JP Morgan Chase, an estimated $644M added.
- The largest Cloudflare seller in Q4 2025 was Baillie Gifford & Co, an estimated $1.06B sold.
Based on aggregated 13F filings for Q4 2025.