| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| Capital World Investors | 13% | $7,912,981,440 | 41,370,740 | Capital World Investors | 30 Jun 2025 | |||
| VANGUARD GROUP INC | 10% | $3,731,265,989 | 30,836,909 | The Vanguard Group | 31 Mar 2025 | |||
| BAILLIE GIFFORD & CO | 7% | -21% | $4,688,521,117 | -$1,196,785,812 | 21,848,740 | -20% | BAILLIE GIFFORD & CO | 30 Sep 2025 |
| MORGAN STANLEY | 6.5% | $2,440,652,159 | 20,170,679 | Morgan Stanley | 31 Mar 2025 |
As of 30 Sep 2025, 1,026 institutional investors reported holding 274,225,029 shares of Cloudflare, Inc. - Class A Common Stock (NET). This represents 88% of the company’s total 312,124,857 outstanding shares.
The largest institutional shareholders of Cloudflare, Inc. - Class A Common Stock (NET) together control 68% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| Capital World Investors | 13% | 40,515,386 | -0.72% | 1.2% | $8,694,439,644 |
| VANGUARD GROUP INC | 10% | 32,317,249 | +2.6% | 0.1% | $6,934,958,464 |
| BlackRock, Inc. | 7.3% | 22,632,359 | +5.6% | 0.09% | $4,856,677,887 |
| BAILLIE GIFFORD & CO | 7% | 21,848,740 | -14% | 3.5% | $4,688,521,116 |
| MORGAN STANLEY | 6.1% | 19,011,192 | -5.1% | 0.25% | $4,079,612,055 |
| FMR LLC | 4.2% | 13,248,725 | -7.4% | 0.15% | $2,843,043,969 |
| JPMORGAN CHASE & CO | 3.4% | 10,561,205 | +48% | 0.14% | $2,266,329,120 |
| STATE STREET CORP | 2.2% | 6,810,392 | +3.1% | 0.05% | $1,461,442,019 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.9% | 5,776,194 | +4.3% | 0.08% | $1,236,636,677 |
| Invesco Ltd. | 1.3% | 3,964,733 | +1.3% | 0.13% | $850,792,026 |
| FIRST TRUST ADVISORS LP | 1.3% | 3,955,959 | -11% | 0.63% | $848,909,159 |
| SANDS CAPITAL MANAGEMENT, LLC | 1.2% | 3,808,319 | -23% | 2.3% | $817,227,174 |
| FRANKLIN RESOURCES INC | 1% | 3,165,536 | -11% | 0.17% | $679,292,330 |
| AMERICAN CENTURY COMPANIES INC | 0.94% | 2,931,057 | -1.6% | 0.32% | $628,975,522 |
| Legal & General Group Plc | 0.86% | 2,693,645 | -7.9% | 0.13% | $578,029,282 |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC | 0.8% | 2,483,901 | -13% | 0.12% | $533,020,314 |
| GOLDMAN SACHS GROUP INC | 0.78% | 2,428,968 | +35% | 0.08% | $521,232,194 |
| Voya Investment Management LLC | 0.72% | 2,247,545 | -15% | 0.48% | $482,301,118 |
| BANK OF AMERICA CORP /DE/ | 0.71% | 2,228,356 | +70% | 0.04% | $478,182,889 |
| NORTHERN TRUST CORP | 0.61% | 1,909,120 | +1.2% | 0.05% | $409,678,061 |
| GILDER GAGNON HOWE & CO LLC | 0.59% | 1,836,430 | -6.1% | 4% | $394,079,478 |
| Polar Capital Holdings Plc | 0.57% | 1,793,515 | -6.3% | 1.9% | $384,870,384 |
| ROYAL BANK OF CANADA | 0.57% | 1,780,954 | +47% | 0.07% | $382,175,000 |
| TWO SIGMA ADVISERS, LP | 0.49% | 1,534,300 | +119% | 0.66% | $329,245,437 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.47% | 1,466,542 | +7.1% | 0.05% | $314,705,248 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 994,526 | $195,026,913 | +$31,322,923 | $197.15 | 60 |
| 2025 Q3 | 274,225,029 | $58,844,755,359 | -$450,236,548 | $214.59 | 1,026 |
| 2025 Q2 | 277,251,474 | $54,266,801,392 | +$3,418,419,223 | $195.83 | 937 |
| 2025 Q1 | 261,622,889 | $29,476,313,546 | -$202,147,325 | $112.69 | 864 |
| 2024 Q4 | 263,481,148 | $28,382,189,593 | +$783,637,499 | $107.68 | 761 |
| 2024 Q3 | 255,640,667 | $20,707,154,149 | +$59,897,258 | $80.89 | 671 |
| 2024 Q2 | 254,682,622 | $21,094,587,232 | +$485,990,553 | $82.83 | 642 |
| 2024 Q1 | 249,086,539 | $24,107,295,988 | +$62,213,050 | $96.83 | 695 |
| 2023 Q4 | 248,903,160 | $20,718,540,014 | -$138,008,916 | $83.26 | 668 |
| 2023 Q3 | 250,585,616 | $15,792,643,944 | +$325,990,022 | $63.04 | 564 |
| 2023 Q2 | 245,307,264 | $16,030,884,313 | +$167,877,387 | $65.37 | 553 |
| 2023 Q1 | 244,541,448 | $15,069,401,318 | +$232,380,839 | $61.66 | 561 |
| 2022 Q4 | 244,218,404 | $11,037,435,772 | +$434,369,002 | $45.21 | 539 |
| 2022 Q3 | 234,505,561 | $12,975,381,206 | -$74,315,015 | $55.31 | 541 |
| 2022 Q2 | 235,567,811 | $10,314,480,087 | -$69,758,341 | $43.75 | 514 |
| 2022 Q1 | 233,310,448 | $27,923,520,526 | +$662,258,041 | $119.70 | 616 |
| 2021 Q4 | 226,012,262 | $29,720,567,276 | +$296,143,466 | $131.50 | 650 |
| 2021 Q3 | 217,807,086 | $24,534,638,043 | +$1,193,155,634 | $112.65 | 598 |
| 2021 Q2 | 213,552,618 | $22,601,919,464 | +$2,006,929,516 | $105.84 | 525 |
| 2021 Q1 | 195,479,309 | $13,730,218,937 | +$623,577,168 | $70.26 | 487 |
| 2020 Q4 | 186,228,058 | $14,155,358,300 | +$1,192,397,911 | $75.99 | 479 |
| 2020 Q3 | 170,279,747 | $6,991,174,066 | +$1,111,524,702 | $41.06 | 310 |
| 2020 Q2 | 150,162,857 | $5,407,732,955 | +$1,312,696,230 | $35.95 | 258 |
| 2020 Q1 | 81,523,797 | $1,915,062,236 | +$362,512,619 | $23.48 | 138 |
| 2019 Q4 | 67,123,334 | $1,133,696,800 | +$42,493,533 | $17.06 | 105 |
| 2019 Q3 | 63,677,798 | $1,155,093,380 | +$1,153,742,380 | $18.57 | 121 |
| 2019 Q2 | 2,201 | $233,000 | $105.86 | 1 | |
| 2019 Q1 | 2,201 | $233,000 | $105.86 | 1 |