Security record · archived quarter
NET
Cloudflare, Inc. · Technology · Software - Infrastructure
170Tracked holders
0Δ holders
247.60MShares held
$48.54BReported value
+2New positions
−1Exits
Momentum inputs (comparable managers): holder breadth 0.0% · share flow -6.7% · net new positions +0.6% — formula
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2025
Ownership over time
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 175 | +10 | 257.54M | $56.63B | +15 | −4 |
| Q1 2026 | 167 | -4 | 226.33M | $46.60B | +6 | −11 |
| Q4 2025 | 170 | 0 | 247.60M | $48.54B | +2 | −1 |
| Q3 2025 | 23 | +1 | 192.15M | $41.23B | +2 | −2 |
| Q2 2025 | 20 | -1 | 155.18M | $30.39B | +1 | −2 |
| Q1 2025 | 18 | +2 | 81.48M | $9.18B | +2 | — |
| Q4 2024 | 16 | -1 | 87.68M | $9.44B | +1 | −2 |
| Q3 2024 | 16 | +1 | 81.62M | $6.60B | +1 | — |
| Q2 2024 | 15 | — | 78.50M | $6.50B | — | — |
Who holds it · Q4 2025
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Capital World Investors ✦ | 35.83M | -11.6% | $7.06B | 1.0% | ▼ Trim | 7 | SEC ↗ |
| 2 | The Vanguard Group ✦ (passive) | 32.41M | +0.3% | $6.39B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 3 | The Vanguard Group ✦ (passive) | 32.41M | +0.3% | $6.39B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 4 | The Vanguard Group ✦ (passive) | 32.41M | +0.3% | $6.39B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 5 | The Vanguard Group ✦ (passive) | 32.41M | +0.3% | $6.39B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 6 | The Vanguard Group ✦ (passive) | 32.41M | +0.3% | $6.39B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 7 | The Vanguard Group ✦ (passive) | 32.41M | +0.3% | $6.39B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 8 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 9 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 10 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 11 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 12 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 13 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 14 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 15 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 16 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 17 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 18 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 19 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 20 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 21 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 22 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 23 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 24 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 25 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 26 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 27 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 28 | BlackRock ✦ (passive) | 22.65M | +0.1% | $4.47B | 0.1% | ▲ Add | 3 | SEC ↗ |
| 29 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 30 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 31 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 32 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 33 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 34 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 35 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 36 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 37 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 38 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 39 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 40 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 41 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 42 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 43 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 44 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 45 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 46 | Morgan Stanley ✦ | 18.01M | -5.3% | $3.55B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 47 | Baillie Gifford ✦ | 16.82M | -23.0% | $3.32B | 2.8% | ▼ Trim | 7 | SEC ↗ |
| 48 | Baillie Gifford ✦ | 16.82M | -23.0% | $3.32B | 2.8% | ▼ Trim | 7 | SEC ↗ |
| 49 | Baillie Gifford ✦ | 16.82M | -23.0% | $3.32B | 2.8% | ▼ Trim | 7 | SEC ↗ |
| 50 | Baillie Gifford ✦ | 16.82M | -23.0% | $3.32B | 2.8% | ▼ Trim | 7 | SEC ↗ |
| 51 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 52 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 53 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 54 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 55 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 56 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 57 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 58 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 59 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 60 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 61 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 62 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 63 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 64 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 65 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 66 | JPMorgan Chase ✦ | 13.61M | -35.6% | $2.68B | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 67 | Fidelity (FMR) ✦ | 12.75M | -3.8% | $2.51B | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 68 | Fidelity (FMR) ✦ | 12.75M | -3.8% | $2.51B | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 69 | Fidelity (FMR) ✦ | 12.75M | -3.8% | $2.51B | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 70 | Fidelity (FMR) ✦ | 12.75M | -3.8% | $2.51B | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 71 | Fidelity (FMR) ✦ | 12.75M | -3.8% | $2.51B | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 72 | Fidelity (FMR) ✦ | 12.75M | -3.8% | $2.51B | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 73 | Fidelity (FMR) ✦ | 12.75M | -3.8% | $2.51B | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 74 | State Street Global Advisors ✦ (passive) | 6.99M | +2.6% | $1.38B | 0.0% | ▲ Add | 5 | SEC ↗ |
| 75 | Geode Capital Management ✦ (passive) | 6.02M | +4.2% | $1.18B | 0.1% | ▲ Add | 7 | SEC ↗ |
| 76 | Geode Capital Management ✦ (passive) | 6.02M | +4.2% | $1.18B | 0.1% | ▲ Add | 7 | SEC ↗ |
| 77 | First Trust Advisors Lp | 4.02M | — | $792.38M | 0.6% | n/c | 1 | SEC ↗ |
| 78 | Invesco Ltd. | 3.70M | — | $729.59M | 0.1% | n/c | 1 | SEC ↗ |
| 79 | Invesco Ltd. | 3.70M | — | $729.59M | 0.1% | n/c | 1 | SEC ↗ |
| 80 | Invesco Ltd. | 3.70M | — | $729.59M | 0.1% | n/c | 1 | SEC ↗ |
| 81 | Invesco Ltd. | 3.70M | — | $729.59M | 0.1% | n/c | 1 | SEC ↗ |
| 82 | Invesco Ltd. | 3.70M | — | $729.59M | 0.1% | n/c | 1 | SEC ↗ |
| 83 | Invesco Ltd. | 3.70M | — | $729.59M | 0.1% | n/c | 1 | SEC ↗ |
| 84 | Invesco Ltd. | 3.70M | — | $729.59M | 0.1% | n/c | 1 | SEC ↗ |
| 85 | Invesco Ltd. | 3.70M | — | $729.59M | 0.1% | n/c | 1 | SEC ↗ |
| 86 | Invesco Ltd. | 3.70M | — | $729.59M | 0.1% | n/c | 1 | SEC ↗ |
| 87 | Invesco Ltd. | 3.70M | — | $729.59M | 0.1% | n/c | 1 | SEC ↗ |
| 88 | Invesco Ltd. | 3.70M | — | $729.59M | 0.1% | n/c | 1 | SEC ↗ |
| 89 | Invesco Ltd. | 3.70M | — | $729.59M | 0.1% | n/c | 1 | SEC ↗ |
| 90 | Invesco Ltd. | 3.70M | — | $729.59M | 0.1% | n/c | 1 | SEC ↗ |
| 91 | Norges Bank ✦ (passive) | 3.64M | New | $718.32M | 0.1% | New | 1 | SEC ↗ |
| 92 | Franklin Resources Inc | 3.58M | — | $704.95M | 0.2% | n/c | 1 | SEC ↗ |
| 93 | Franklin Resources Inc | 3.58M | — | $704.95M | 0.2% | n/c | 1 | SEC ↗ |
| 94 | Franklin Resources Inc | 3.58M | — | $704.95M | 0.2% | n/c | 1 | SEC ↗ |
| 95 | Franklin Resources Inc | 3.58M | — | $704.95M | 0.2% | n/c | 1 | SEC ↗ |
| 96 | Franklin Resources Inc | 3.58M | — | $704.95M | 0.2% | n/c | 1 | SEC ↗ |
| 97 | Franklin Resources Inc | 3.58M | — | $704.95M | 0.2% | n/c | 1 | SEC ↗ |
| 98 | Franklin Resources Inc | 3.58M | — | $704.95M | 0.2% | n/c | 1 | SEC ↗ |
| 99 | American Century Companies Inc | 3.17M | — | $625.83M | 0.3% | n/c | 1 | SEC ↗ |
| 100 | Legal & General Group Plc | 2.82M | — | $556.90M | 0.1% | n/c | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Norges Bank | $718.32M | 0.1% |
Exited
| Fisher Asset Management | $206,961 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 1 holders, 17.10K shares, $3,528 reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
Frequently co-owned
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.
Open-market purchases (P)
No open-market insider purchases in our coverage window.
Open-market sales (S)
Aug 21
Zatlyn Michelle
Officer, Director · 5.62K sh · $1.57M
Aug 21
Zatlyn Michelle
Officer, Director · 90 sh · $25,318
Aug 21
Zatlyn Michelle
Officer, Director · 2.21K sh · $605,485
Aug 21
Zatlyn Michelle
Officer, Director · 5.26K sh · $1.47M
Aug 21
Zatlyn Michelle
Officer, Director · 8.99K sh · $2.48M
Aug 21
Zatlyn Michelle
Officer, Director · 4.24K sh · $1.17M
Aug 21
Zatlyn Michelle
Officer, Director · 956 sh · $268,080
Aug 21
Zatlyn Michelle
Officer, Director · 5.64K sh · $1.57M
Aug 20
Zatlyn Michelle
Officer, Director · 8.65K sh · $2.46M
Aug 20
Zatlyn Michelle
Officer, Director · 7.01K sh · $1.98M
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology
Jul 24
SC 13G/A — BAILLIE GIFFORD & CO
Provenance: Ownership from parsed 13F common-stock positions (tracked universe, comparable sets for changes); insider rows from Forms 3/4/5; stakes from Schedules 13D/13G; every filing links to its original on SEC EDGAR.
Reporting period: Q4 2025 ·
Methodology ·
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