Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in NET held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Capital World Investors | 22.7M | $4.69B | -36.5% | 6.432% | 0.64% |
| 2 | BlackRock, Inc. | 21.1M | $4.35B | -6.9% | 5.968% | 0.08% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 16.0M | $3.31B | β | 4.538% | 0.18% |
| 4 | BAILLIE GIFFORD & CO | 15.9M | $3.29B | -5.3% | 4.505% | 3.36% |
| 5 | MORGAN STANLEY | 15.9M | $3.28B | -11.8% | 4.494% | 0.20% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 13.7M | $2.83B | β | 3.881% | 0.07% |
| 7 | FMR LLC | 13.6M | $2.80B | +6.3% | 3.836% | 0.15% |
| 8 | Capital International Investors | 10.9M | $2.25B | β | 3.082% | 0.53% |
| 9 | STATE STREET CORP | 7.2M | $1.48B | +2.7% | 2.031% | 0.05% |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 6.0M | $1.23B | -0.4% | 1.696% | 0.08% |
| 11 | DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt | 5.4M | $1.11B | +238.0% | 1.523% | 1.09% |
| 12 | JENNISON ASSOCIATES LLC | 4.4M | $906.8M | +135.8% | 1.243% | 0.62% |
| 13 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 4.1M | $839.0M | +31.2% | 1.150% | 0.09% |
| 14 | D. E. Shaw & Co., Inc. | 4.0M | $828.4M | +27.4% | 1.136% | 0.78% |
| 15 | WELLINGTON MANAGEMENT GROUP LLP | 4.0M | $827.6M | +135.0% | 1.135% | 0.15% |
| 16 | FIRST TRUST ADVISORS LP | 3.8M | $778.7M | -6.1% | 1.068% | 0.56% |
| 17 | SANDS CAPITAL MANAGEMENT, LLC | 3.7M | $755.6M | -1.9% | 1.036% | 2.96% |
| 18 | AMERICAN CENTURY COMPANIES INC | 3.6M | $748.4M | +14.3% | 1.026% | 0.39% |
| 19 | FRANKLIN RESOURCES INC | 3.4M | $691.4M | -6.3% | 0.948% | 0.17% |
| 20 | Invesco Ltd. | 3.1M | $642.4M | -15.9% | 0.881% | 0.10% |
| 21 | Legal & General Group Plc | 3.0M | $609.6M | +4.6% | 0.836% | 0.14% |
| 22 | VOYA INVESTMENT MANAGEMENT LLC | 2.9M | $594.1M | +25.6% | 0.815% | 0.62% |
| 23 | TWO SIGMA INVESTMENTS, LP | 2.8M | $585.7M | +124.8% | 0.803% | 0.47% |
| 24 | ROYAL BANK OF CANADA | 2.7M | $548.7M | -8.3% | 0.752% | 0.10% |
| 25 | GOLDMAN SACHS GROUP INC | 2.6M | $527.0M | +3.1% | 0.722% | 0.06% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in NET β a direct measure of their conviction.
Filings activity in NET during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new NET position in Q1 2026
Institutions that fully closed their NET position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,097 | +4.1% | 69.07% | 0.61 pp | $55.78B | 0.9% |
| Q4 2025 | 1,054 | +5.5% | 69.68% | 2.59 pp | $56.27B | 3.6% |
| Q3 2025 | 999 | +8.2% | 72.27% | +4.10 pp | $58.37B | +6.0% |
| Q2 2025 | 923 | +11% | 68.17% | +32.24 pp | $55.05B | +90% |
| Q1 2025 | 835 | +14% | 35.93% | +0.97 pp | $29.01B | +2.8% |
| Q4 2024 | 734 | +14% | 34.96% | +9.68 pp | $28.23B | +38% |
| Q3 2024 | 644 | +4.2% | 25.28% | 8.00 pp | $20.42B | 24% |
| Q2 2024 | 618 | β | 33.28% | β | $26.88B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying NET stock.
Based on Q1 2026 13F filings, institutional ownership of Cloudflare, Inc. stands at 69.1%, held across 1,097 reporting institutions.
Capital World Investors is the largest reported institutional holder of NET, with approximately 22,735,569 shares worth $4.69B as of Q1 2026.
Yes β 2 widely-followed marquee investors appear among the top 25 institutional holders of NET, including SUSQUEHANNA INTERNATIONAL GROUP, LLP, TWO SIGMA INVESTMENTS, LP.
Our composite Smart Money Score for NET is 56 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
191 institutions opened new positions in NET during Q1 2026, while 148 fully exited. 676 added to existing positions and 225 trimmed.
NET institutional ownership fell by 0.61 percentage points quarter-over-quarter, with a net change of +43 holders.
The top 10 institutions account for 52.9% of all reported 13F value in NET, and the top 25 account for 72.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Cloudflare, Inc. (NET) Institutional Ownership