| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| Capital World Investors | 12% | -14% | $7,169,981,955 | -$986,259,436 | 36,368,156 | -12% | Capital World Investors | 31 Dec 2025 |
| VANGUARD GROUP INC | 10% | $3,731,265,989 | 30,836,909 | The Vanguard Group | 31 Mar 2025 | |||
| Prince Matthew | 7.7% | $5,192,636,655 | 26,338,507 | Matthew Prince | 31 Dec 2025 | |||
| BAILLIE GIFFORD & CO | 5.3% | -24% | $3,316,841,151 | -$990,637,940 | 16,823,947 | -23% | BAILLIE GIFFORD & CO | 31 Dec 2025 |
| MORGAN STANLEY | 5.3% | -17% | $3,312,793,267 | -$663,856,098 | 16,803,415 | -17% | Morgan Stanley | 31 Dec 2025 |
As of 31 Dec 2025, 1,062 institutional investors reported holding 277,335,598 shares of Cloudflare, Inc. - Common Stock (NET). This represents 88% of the company’s total 316,244,835 outstanding shares.
The largest institutional shareholders of Cloudflare, Inc. - Common Stock (NET) together control 66% 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 | 11% | 35,825,517 | -12% | 0.96% | $7,063,158,105 |
| VANGUARD GROUP INC | 10% | 32,407,646 | +0.28% | 0.09% | $6,389,167,409 |
| BlackRock, Inc. | 7.2% | 22,653,454 | +0.09% | 0.08% | $4,466,128,440 |
| MORGAN STANLEY | 5.7% | 18,009,245 | -5.3% | 0.21% | $3,550,523,235 |
| BAILLIE GIFFORD & CO | 5.3% | 16,823,947 | -23% | 2.8% | $3,316,841,151 |
| JPMORGAN CHASE & CO | 4.3% | 13,607,106 | +29% | 0.18% | $2,682,641,472 |
| FMR LLC | 4% | 12,750,499 | -3.8% | 0.13% | $2,513,760,757 |
| STATE STREET CORP | 2.2% | 6,988,989 | +2.6% | 0.05% | $1,377,879,181 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.9% | 6,018,175 | +4.2% | 0.07% | $1,184,043,818 |
| FIRST TRUST ADVISORS LP | 1.3% | 4,019,157 | +1.6% | 0.58% | $792,376,804 |
| SANDS CAPITAL MANAGEMENT, LLC | 1.2% | 3,731,287 | -2% | 2.2% | $735,623,232 |
| Invesco Ltd. | 1.2% | 3,700,696 | -6.7% | 0.11% | $729,592,228 |
| NORGES BANK | 1.2% | 3,643,501 | 0.08% | $718,316,222 | |
| FRANKLIN RESOURCES INC | 1.1% | 3,575,711 | +13% | 0.17% | $704,951,412 |
| AMERICAN CENTURY COMPANIES INC | 1% | 3,174,409 | +8.3% | 0.31% | $625,834,734 |
| Legal & General Group Plc | 0.89% | 2,824,772 | +4.9% | 0.12% | $556,903,799 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.78% | 2,463,842 | -0.81% | 0.1% | $485,746,450 |
| TWO SIGMA ADVISERS, LP | 0.74% | 2,340,000 | +53% | 0.9% | $461,331,000 |
| GOLDMAN SACHS GROUP INC | 0.74% | 2,333,548 | -3.9% | 0.07% | $460,059,039 |
| VOYA INVESTMENT MANAGEMENT LLC | 0.73% | 2,294,562 | +2.1% | 0.45% | $452,125,478 |
| BANK OF AMERICA CORP /DE/ | 0.72% | 2,285,370 | +2.6% | 0.03% | $450,560,669 |
| NORTHERN TRUST CORP | 0.62% | 1,971,595 | +3.3% | 0.05% | $388,699,954 |
| JENNISON ASSOCIATES LLC | 0.59% | 1,863,612 | +803% | 0.22% | $367,411,096 |
| GILDER GAGNON HOWE & CO LLC | 0.55% | 1,754,461 | -4.5% | 3.7% | $345,891,953 |
| ROYAL BANK OF CANADA | 0.54% | 1,713,666 | -3.8% | 0.06% | $337,849,000 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 277,335,598 | $54,677,007,401 | +$213,809,537 | $197.15 | 1,062 |
| 2025 Q3 | 275,049,404 | $59,021,657,295 | -$431,657,975 | $214.59 | 1,032 |
| 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 |