Cloudflare, Inc.
Cloudflare, Inc. (NET) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · NET · as of Sep 30, 2025
Ownership Breakdown
1,114
Institutional Holders
▲ 85 vs Q2
$59.09B
Total Inst. Value
▲ $4.80B vs Q2
353.47M
Shares Outstanding
freeFloat 89.49%
277.88M
13F Shares Held
▼ 719,657 vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
NET largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
CAPITAL WORLD INVESTORS services-prepackaged software | 40.52M | 11.66% | 11.66% | $8.69T | Nov 13, 2025 | ▼ 292.1K |
VANGUARD GROUP INC services-prepackaged software | 32.32M | 9.30% | 9.30% | $6.93T | Nov 7, 2025 | ▲ 821.7K |
BLACKROCK, INC. services-prepackaged software | 22.63M | 6.51% | 6.51% | $4.86T | Nov 12, 2025 | ▲ 1.19M |
BAILLIE GIFFORD & CO services-prepackaged software | 21.85M | 6.29% | 6.29% | $4.69T | Oct 31, 2025 | ▼ 3.68M |
MORGAN STANLEY services-prepackaged software | 19.01M | 5.47% | 5.47% | $4.08T | May 27, 2026 | ▼ 1.02M |
FMR LLC services-prepackaged software | 13.25M | 3.81% | 3.81% | $2.84T | Nov 13, 2025 | ▼ 1.06M |
JPMORGAN CHASE & CO services-prepackaged software | 10.56M | 3.04% | 3.04% | $2.27T | Nov 26, 2025 | ▲ 3.44M |
STATE STREET CORP services-prepackaged software | 6.81M | 1.96% | 1.96% | $1.46T | Nov 14, 2025 | ▲ 202.7K |
GEODE CAPITAL MANAGEMENT, LLC services-prepackaged software | 5.78M | 1.66% | 1.66% | $1.24T | Nov 12, 2025 | ▲ 239.5K |
INVESCO LTD. services-prepackaged software | 3.96M | 1.14% | 1.14% | $850.79B | Nov 13, 2025 | ▲ 49.5K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
20
Increased
+12.17M shares1
New Positions
first time holders29
Decreased
−11.28M shares0
Sold Out
fully exitedNet shares change (top 50)
+887.7K
+12.17M / −11.28M
Net new holders
-8
1 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
NET insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
16
Buy transactions
154
Sell transactions
0.10
Buy/Sell ratio
$1M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Hawkins Mark J director | Jun 1, 2026 | Sale | 133 | $246.42 | $32.8K | 10.1K | Form 4 ↗ |
Ledbetter Carl director | Jun 1, 2026 | Sale | 2,600 | $243.94 | $634.2K | 905.5K | Form 4 ↗ |
Ledbetter Carl director | Jun 1, 2026 | Sale | 4,851 | $245.44 | $1.19M | 900.6K | Form 4 ↗ |
Ledbetter Carl director | Jun 1, 2026 | Sale | 3,200 | $246.73 | $789.5K | 897.4K | Form 4 ↗ |
Ledbetter Carl director | Jun 1, 2026 | Sale | 4,249 | $247.52 | $1.05M | 893.2K | Form 4 ↗ |
Ledbetter Carl director | Jun 1, 2026 | Sale | 100 | $248.31 | $24.8K | 893.1K | Form 4 ↗ |
Starzak Alissa Michelle Chief Legal Officer | May 28, 2026 | Sale | 1,296 | $213.30 | $276.4K | 133.3K | Form 4 ↗ |
Starzak Alissa Michelle Chief Legal Officer | May 28, 2026 | Sale | 4,520 | $215.01 | $971.9K | 128.8K | Form 4 ↗ |
Starzak Alissa Michelle Chief Legal Officer | May 28, 2026 | Sale | 3,264 | $216.12 | $705.4K | 125.6K | Form 4 ↗ |
Starzak Alissa Michelle Chief Legal Officer | May 28, 2026 | Sale | 5,721 | $217.21 | $1.24M | 119.8K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Cloudflare, Inc. (NET) is primarily owned by institutional investors, who hold approximately 78.6% of total shares outstanding. Company insiders own approximately 10.51%, while retail and public investors account for the remaining 10.88%.
The largest institutional shareholder of Cloudflare, Inc. is CAPITAL WORLD INVESTORS, holding approximately 40.52 million shares — equal to 11.66% of outstanding shares — as of September 30, 2025.
A total of 1,114 institutional investors currently hold NET stock, with a combined institutional value of approximately $59.09 billion as of the most recent 13F filing period.
Frequently asked questions
NET ownershipCloudflare, Inc. (NET) is primarily owned by institutional investors, who hold approximately 78.6% of shares. The largest shareholder is CAPITAL WORLD INVESTORS with a 11.66% stake. Company insiders hold 10.51%. Data sourced from SEC Form 13F as of September 30, 2025.