Who owns Cloudflare (NET)
Which tracked institutional funds hold NET, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NET company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
520 tracked funds added or opened NET while 195 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
NET’s largest tracked holder by dollar value, Capital World Investors, sizes it at 0.7% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NET divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 1166 tracked filers holding NET, 668 increased or opened the position and 546 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in NET between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 85
- MENORA MIVTACHIM HOLDINGS LTD.$241M
- Qube Research & Technologies Ltd$112M
- WORLDQUANT MILLENNIUM ADVISORS LLC$80M
- Alyeska Investment Group, L.P.$76M
- Optiver Holding B.V.$75M
- Ovata Capital Management Ltd$71M
Full exits 103
- Amundi$352M
- LORD, ABBETT & CO. LLC$205M
- Penserra Capital Management LLC$150M
- Point72 Asset Management, L.P.$89M
- Woodline Partners LP$87M
- BESSEMER GROUP INC$75M
Largest adds
- BlackRock, Inc.$1.6B
- Capital World Investors$1.3B
- VANGUARD PORTFOLIO MANAGEMENT LLC$816M
- VANGUARD CAPITAL MANAGEMENT LLC$709M
- NORGES BANK$628M
- MORGAN STANLEY$465M
Largest trims
- CITADEL ADVISORS LLC$280M
- JANE STREET GROUP, LLC$223M
- 1832 Asset Management L.P.$203M
- Select Equity Group, L.P.$176M
- BNP PARIBAS FINANCIAL MARKETS$82M
- BARCLAYS PLC$37M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Ovata Capital Management Ltd new | 55,000,000 | $71M | 0.1% | 2026-Q2 |
| Capital World Investors added | 24,325,692 | $6.0B | 9.6% | 2026-Q2 |
| BlackRock, Inc. added | 21,598,907 | $5.3B | 8.5% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 16,819,726 | $4.1B | 6.6% | 2026-Q2 |
| MORGAN STANLEY trimmed | 15,258,327 | $3.7B | 6.0% | 2026-Q2 |
| BAILLIE GIFFORD & CO trimmed | 14,598,594 | $3.6B | 5.7% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 14,430,365 | $3.5B | 5.7% | 2026-Q2 |
| FMR LLC trimmed | 12,655,471 | $3.1B | 5.0% | 2026-Q2 |
| Capital International Investors added | 10,981,005 | $2.7B | 4.3% | 2026-Q2 |
| STATE STREET CORP added | 7,420,765 | $1.8B | 2.9% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 5,963,905 | $1.5B | 2.3% | 2026-Q2 |
| JENNISON ASSOCIATES LLC added | 5,419,068 | $1.3B | 2.1% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 5,269,562 | $1.3B | 2.1% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 4,286,156 | $1.1B | 1.7% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP added | 4,048,753 | $993M | 1.6% | 2026-Q2 |
| FIRST TRUST ADVISORS LP trimmed | 3,756,643 | $921M | 1.5% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 3,729,976 | $915M | 1.5% | 2026-Q2 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main trimmed | 3,677,783 | $902M | 1.4% | 2026-Q2 |
| NORGES BANK added | 3,596,888 | $882M | 1.4% | 2026-Q2 |
| SANDS CAPITAL MANAGEMENT, LLC trimmed | 3,239,504 | $795M | 1.3% | 2026-Q2 |
| Invesco Ltd. added | 3,103,792 | $761M | 1.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 3,071,969 | $753M | 1.2% | 2026-Q2 |
| Legal & General Group Plc trimmed | 2,641,523 | $648M | 1.0% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 2,586,183 | $634M | 1.0% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 2,418,577 | $593M | 0.9% | 2026-Q2 |
| VOYA INVESTMENT MANAGEMENT LLC trimmed | 2,322,031 | $569M | 0.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 2,208,432 | $542M | 0.9% | 2026-Q2 |
| NORTHERN TRUST CORP added | 2,100,022 | $515M | 0.8% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 2,076,835 | $509M | 0.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 2,063,824 | $506M | 0.8% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 1,947,802 | $478M | 0.8% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 1,841,879 | $452M | 0.7% | 2026-Q2 |
| Pictet Asset Management Holding SA added | 1,798,113 | $441M | 0.7% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,795,993 | $441M | 0.7% | 2026-Q2 |
| GILDER GAGNON HOWE & CO LLC trimmed | 1,668,352 | $409M | 0.7% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 1,604,234 | $393M | 0.6% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 1,578,485 | $387M | 0.6% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 1,544,713 | $379M | 0.6% | 2026-Q2 |
| Polar Capital Holdings Plc added | 1,240,516 | $304M | 0.5% | 2026-Q2 |
| Strategy Capital LLC trimmed | 1,106,100 | $271M | 0.4% | 2026-Q2 |
| MARSHALL WACE, LLP added | 1,065,580 | $261M | 0.4% | 2026-Q2 |
| Bank of New York Mellon Corp added | 1,045,642 | $256M | 0.4% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 997,856 | $245M | 0.4% | 2026-Q2 |
| MENORA MIVTACHIM HOLDINGS LTD. new | 983,250 | $241M | 0.4% | 2026-Q2 |
| National Pension Service added | 959,987 | $235M | 0.4% | 2026-Q2 |
| UBS Group AG trimmed | 957,879 | $235M | 0.4% | 2026-Q2 |
| Clearbridge Investments, LLC added | 912,622 | $224M | 0.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 909,543 | $223M | 0.4% | 2026-Q2 |
| Swedbank AB trimmed | 881,457 | $216M | 0.3% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 880,981 | $217M | 0.3% | 2026-Q2 |
| Swiss National Bank trimmed | 875,100 | $215M | 0.3% | 2026-Q2 |
| WESTFIELD CAPITAL MANAGEMENT CO LP added | 835,502 | $205M | 0.3% | 2026-Q2 |
| Nuveen, LLC added | 816,850 | $200M | 0.3% | 2026-Q2 |
| Phoenix Financial Ltd. added | 807,564 | $198M | 0.3% | 2026-Q2 |
| CITIGROUP INC trimmed | 734,622 | $180M | 0.3% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 714,505 | $175M | 0.3% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 670,903 | $165M | 0.3% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 646,279 | $159M | 0.3% | 2026-Q2 |
| Squarepoint Ops LLC added | 638,961 | $157M | 0.3% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 614,819 | $151M | 0.2% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 606,033 | $149M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 491,046 | $120M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 490,016 | $120M | 0.2% | 2026-Q2 |
| Artisan Partners Limited Partnership trimmed | 489,716 | $120M | 0.2% | 2026-Q2 |
| FRED ALGER MANAGEMENT, LLC trimmed | 480,127 | $118M | 0.2% | 2026-Q2 |
| CIBC Bancorp USA Inc. trimmed | 476,845 | $117M | 0.2% | 2026-Q2 |
| BAMCO INC /NY/ added | 471,598 | $116M | 0.2% | 2026-Q2 |
| Daiwa Securities Group Inc. added | 468,324 | $115M | 0.2% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 467,067 | $115M | 0.2% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 457,160 | $112M | 0.2% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 454,589 | $112M | 0.2% | 2026-Q2 |
| Mitsubishi UFJ Trust & Banking Corp trimmed | 435,009 | $107M | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 432,774 | $106M | 0.2% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 426,318 | $105M | 0.2% | 2026-Q2 |
| CREDIT AGRICOLE S A added | 417,945 | $103M | 0.2% | 2026-Q2 |
| Allspring Global Investments Holdings, LLC trimmed | 406,656 | $100M | 0.2% | 2026-Q2 |
| Mariner, LLC trimmed | 403,320 | $99M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 399,259 | $98M | 0.2% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 393,058 | $96M | 0.2% | 2026-Q2 |
| ROYAL LONDON ASSET MANAGEMENT LTD added | 386,929 | $95M | 0.2% | 2026-Q2 |
| TREMBLANT CAPITAL GROUP added | 384,993 | $94M | 0.2% | 2026-Q2 |
| PEREGRINE CAPITAL MANAGEMENT LLC trimmed | 384,759 | $94M | 0.2% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 377,513 | $93M | 0.1% | 2026-Q2 |
| California Public Employees Retirement System trimmed | 369,762 | $91M | 0.1% | 2026-Q2 |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC trimmed | 367,585 | $90M | 0.1% | 2026-Q2 |
| Amova Asset Management Americas, Inc. trimmed | 353,182 | $87M | 0.1% | 2026-Q2 |
| WHITTIER TRUST CO added | 344,815 | $85M | 0.1% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 343,178 | $84M | 0.1% | 2026-Q2 |
| USS Investment Management Ltd added | 330,566 | $81M | 0.1% | 2026-Q2 |
| Allen Investment Management, LLC trimmed | 328,347 | $81M | 0.1% | 2026-Q2 |
| WORLDQUANT MILLENNIUM ADVISORS LLC added | 327,943 | $80M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 320,307 | $79M | 0.1% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT CO LTD added | 311,231 | $76M | 0.1% | 2026-Q2 |
| CAPITAL INTERNATIONAL SARL added | 308,809 | $76M | 0.1% | 2026-Q2 |
| Alyeska Investment Group, L.P. trimmed | 308,200 | $76M | 0.1% | 2026-Q2 |
| Optiver Holding B.V. added | 305,258 | $75M | 0.1% | 2026-Q2 |
| Defiance ETFs, LLC added | 304,017 | $75M | 0.1% | 2026-Q2 |
| Lingotto Investment Management LLP | 300,023 | $74M | 0.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 294,197 | $72M | 0.1% | 2026-Q2 |
| Whetstone Capital Advisors, LLC trimmed | 292,861 | $72M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.