| 4 | MORGAN STANLEY | 15.3M | $3.74B | -3.9% | 4.299% | 0.20% |
| 5 | BAILLIE GIFFORD & CO | 14.6M | $3.58B | -8.3% | 4.113% | 3.25% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 14.4M | $3.54B | +5.2% | 4.066% | 0.08% |
| 7 | FMR LLC | 12.7M | $3.10B | -6.7% | 3.566% | 0.13% |
| 8 | Capital International Investors | 11.0M | $2.69B | +0.8% | 3.094% | 0.56% |
| 9 | STATE STREET CORP | 7.4M | $1.82B | +3.4% | 2.091% | 0.03% |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 6.0M | $1.46B | -0.5% | 1.680% | 0.08% |
| 11 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 5.7M | $1.39B | +39.1% | 1.593% | 0.11% |
| 12 | JENNISON ASSOCIATES LLC | 5.4M | $1.33B | +23.3% | 1.527% | 0.80% |
| 13 | JPMORGAN CHASE & CO | 5.3M | $1.28B | -10.7% | 1.485% | 0.07% |
| 14 | JANE STREET GROUP, LLC | 4.7M | $1.16B | -2.2% | 1.331% | 0.10% |
| 15 | D. E. Shaw & Co., Inc. | 4.6M | $1.14B | +15.4% | 1.306% | 0.54% |
| 16 | AMERICAN CENTURY COMPANIES INC | 4.3M | $1.05B | +18.2% | 1.208% | 0.46% |
| 17 | WELLINGTON MANAGEMENT GROUP LLP | 4.0M | $993.1M | +0.9% | 1.141% | 0.17% |
| 18 | DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt | 3.9M | $964.1M | -27.0% | 1.107% | 0.74% |
| 19 | FIRST TRUST ADVISORS LP | 3.8M | $921.4M | -0.5% | 1.058% | 0.54% |
| 20 | FRANKLIN RESOURCES INC | 3.7M | $914.9M | +11.3% | 1.051% | 0.20% |
| 21 | NORGES BANK | 3.6M | $882.2M | — | 1.013% | 0.09% |
| 22 | GOLDMAN SACHS GROUP INC | 3.3M | $805.8M | +28.6% | 0.926% | 0.07% |
| 23 | SANDS CAPITAL MANAGEMENT, LLC | 3.2M | $794.6M | -11.5% | 0.913% | 2.95% |
| 24 | Invesco Ltd. | 3.1M | $761.3M | -0.3% | 0.874% | 0.06% |
| 25 | ROYAL BANK OF CANADA | 3.1M | $758.3M | +16.3% | 0.871% | 0.11% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in NET — a direct measure of their conviction.
| 76.23% |
| 1.64 pp |
| $29.01B |
| +2.8% |
| Q4 2024 | 734 | +14% | 77.87% | +2.69 pp | $28.23B | +38% |
| Q3 2024 | 644 | — | 75.18% | — | $20.42B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
194 institutions opened new positions in NET during Q2 2026, while 112 fully exited. 844 added to existing positions and 161 trimmed.
NET institutional ownership rose by 3.37 percentage points quarter-over-quarter, with a net change of +94 holders.
The top 10 institutions account for 47.9% of all reported 13F value in NET, and the top 25 account for 68.4%.
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