CLOUDFLARE INC NET
CL A COM · Common Stock · CUSIP 18915M107 · ISIN US18915M1071
American internet infrastructure and website security company
- SectorTechnology
- IndustryServices-Prepackaged Software
- HeadquartersSan Francisco, CA
- Founded2009
- Websitecloudflare.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($10.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $65.35. Options: 36 managers hold calls ($625.1m notional), 40 hold puts ($637.9m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 562 |
| Q4 2022 | 548 |
| Q1 2023 | 571 |
| Q2 2023 | 560 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 280 | 245 |
| Q1 2023 | 296 | 229 |
| Q2 2023 | 254 | 280 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $15.9bn | $483.3m | 0.03 |
| Q4 2022 | $657.4m | $498.9m | 0.76 |
| Q1 2023 | $517.2m | $544.8m | 1.05 |
| Q2 2023 | $625.1m | $637.9m | 1.02 |
Biggest buyers
| Capital World Investors | Added | +9.6m |
| BAILLIE GIFFORD & CO | Added | +5.8m |
| JPMORGAN CHASE & CO | Added | +1.7m |
| Legal & General Group Plc | Added | +1.7m |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +1.4m |
| AMERIPRISE FINANCIAL INC | Added | +944.4k |
| VANGUARD GROUP INC | Added | +708.2k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Added | +461.0k |
| Ensign Peak Advisors, Inc | Added | +293.8k |
| CLEAR STREET LLC | New | +233.0k |
Biggest sellers
| FMR LLC | Reduced | -20.1m |
| SANDS CAPITAL MANAGEMENT, LLC | Reduced | -3.3m |
| LORD, ABBETT & CO. LLC | Sold out | -3.1m |
| MARSHALL WACE, LLP | Sold out | -2.2m |
| 1832 Asset Management L.P. | Sold out | -1.9m |
| NEA Management Company, LLC | Sold out | -1.2m |
| Polar Capital Holdings Plc | Reduced | -932.8k |
| NORGES BANK | Reduced | -838.8k |
| FRANKLIN RESOURCES INC | Reduced | -654.9k |
| Balyasny Asset Management L.P. | Reduced | -495.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $150.5m2.3m shares |
| CITADEL ADVISORS LLC | Added | $128.1m2.0m shares |
| JANE STREET GROUP, LLC | Reduced | $46.7m714.5k shares |
| SIMPLEX TRADING, LLC | Added | $36.1m551.6k shares |
| Twin Tree Management, LP | Reduced | $30.1m459.7k shares |
| IMC-Chicago, LLC | Added | $23.5m360.1k shares |
| HSBC HOLDINGS PLC | Added | $23.1m349.2k shares |
| D. E. Shaw & Co., Inc. | Added | $23.0m351.9k shares |
| CTC LLC | Reduced | $20.1m3.1k shares |
| GROUP ONE TRADING LLC | Added | $19.4m297.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $136.9m2.1m shares |
| JANE STREET GROUP, LLC | Added | $76.2m1.2m shares |
| CITADEL ADVISORS LLC | Reduced | $65.6m1.0m shares |
| Twin Tree Management, LP | Reduced | $44.2m676.5k shares |
| SIMPLEX TRADING, LLC | Added | $43.3m663.1k shares |
| Alyeska Investment Group, L.P. | Added | $31.0m474.7k shares |
| CTC LLC | Reduced | $27.2m4.2k shares |
| SOROS FUND MANAGEMENT LLC | New | $26.1m400.0k shares |
| IMC-Chicago, LLC | Reduced | $18.7m286.1k shares |
| PEAK6 Investments LLC | Added | $18.5m283.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Prince Matthew 13G · exempt (held before listing) filed 2026-02-13 | 7.7% |
| Capital World Investors 13G · institution -4.2 pts · filed 2026-05-14 | 7.3% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
Fell to 5% or below in the last year: BAILLIE GIFFORD & CO (4.6%, 2026-07-24), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC), MORGAN STANLEY (5.3%, 2026-02-12)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 8 | $191.4m | — |
| Q1 2022 | 0 | — | 9 | $83.1m | — |
| Q2 2022 | 1 | $941.6k | 8 | $57.6m | — |
| Q3 2022 | 0 | — | 3 | $31.1m | — |
| Q4 2022 | 0 | — | 3 | $32.2m | — |
| Q1 2023 | 0 | — | 3 | $37.4m | $3.8m |
| Q2 2023 | 0 | — | 5 | $43.0m | $43.0m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-20 | SEIFERT THOMAS J Chief Financial Officer | Sold plan | $1.0m15.0k shares |
| 2023-06-14 | Zatlyn Michelle President and COO, director · See footnote | Sold plan | $869.9k12.8k shares |
| 2023-06-13 | Zatlyn Michelle President and COO, director · See footnote | Sold plan | $860.7k12.8k shares |
| 2023-06-12 | Zatlyn Michelle President and COO, director · See footnote | Sold plan | $823.6k12.8k shares |
| 2023-06-05 | Prince Matthew CEO & Chair of the Board, director · See footnote | Sold plan | $3.6m52.4k shares |
| 2023-06-05 | SEIFERT THOMAS J Chief Financial Officer | Sold plan | $1.0m15.0k shares |
| 2023-06-05 | Suder Katrin Director | Sold plan | $46.6k691 shares |
| 2023-06-02 | Prince Matthew CEO & Chair of the Board, director · See footnote | Sold plan | $3.7m52.4k shares |
| 2023-06-01 | Prince Matthew CEO & Chair of the Board, director · See footnote | Sold plan | $3.7m52.4k shares |
| 2023-06-01 | Kramer Douglas James General Counsel | Sold plan | $202.4k3.0k shares |
| 2023-06-01 | Suder Katrin Director | Sold plan | $175.0k2.5k shares |
| 2023-05-30 | Suder Katrin Director | Sold plan | $572.9k9.0k shares |
| 2023-05-24 | Prince Matthew CEO & Chair of the Board, director · See footnote | Sold plan | $2.9m52.4k shares |
| 2023-05-23 | Prince Matthew CEO & Chair of the Board, director · See footnote | Sold plan | $3.0m52.4k shares |
| 2023-05-22 | Prince Matthew CEO & Chair of the Board, director · See footnote | Sold plan | $3.0m52.4k shares |
| 2023-05-19 | Zatlyn Michelle President and COO, director · See footnote | Sold plan | $754.1k12.8k shares |
| 2023-05-18 | SEIFERT THOMAS J Chief Financial Officer | Sold plan | $969.2k16.9k shares |
| 2023-05-18 | Zatlyn Michelle President and COO, director · See footnote | Sold plan | $699.5k12.8k shares |
| 2023-05-17 | Zatlyn Michelle President and COO, director · See footnote | Sold plan | $661.1k12.8k shares |
| 2023-05-11 | Kramer Douglas James General Counsel | Sold plan | $150.0k3.0k shares |
| 2023-05-03 | SEIFERT THOMAS J Chief Financial Officer | Sold plan | $634.9k15.0k shares |
| 2023-04-18 | SEIFERT THOMAS J Chief Financial Officer | Sold plan | $967.4k15.0k shares |
| 2023-04-12 | Zatlyn Michelle President and COO, director · See footnote | Sold plan | $807.6k12.8k shares |
| 2023-04-11 | Zatlyn Michelle President and COO, director · See footnote | Sold plan | $747.9k12.8k shares |
| 2023-04-10 | Zatlyn Michelle President and COO, director · See footnote | Sold plan | $739.2k12.8k shares |
| 2023-04-06 | Prince Matthew CEO & Chair of the Board, director · See footnote | Sold plan | $3.0m52.4k shares |
| 2023-04-05 | Prince Matthew CEO & Chair of the Board, director · See footnote | Sold plan | $3.0m52.4k shares |
| 2023-04-04 | Prince Matthew CEO & Chair of the Board, director · See footnote | Sold plan | $3.2m52.4k shares |
| 2023-04-03 | SEIFERT THOMAS J Chief Financial Officer | Sold plan | $911.8k15.0k shares |
| 2023-04-03 | Kramer Douglas James General Counsel | Sold plan | $181.8k3.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.21% of their portfolio | 32.1m $2.1bn | Reduced -215.1k |
| BAILLIE GIFFORD & CO 1.75% of their portfolio | 31.5m $2.1bn | Added +5.8m |
| VANGUARD GROUP INC 0.04% of their portfolio | 27.0m $1.8bn | Added +708.2k |
| Capital World Investors 0.33% of their portfolio | 26.4m $1.7bn | Added +9.6m |
| BlackRock Inc. 0.03% of their portfolio | 15.8m $1.0bn | Added +133.1k |
| FMR LLC 0.07% of their portfolio | 13.2m $864.0m | Reduced -20.1m |
| SANDS CAPITAL MANAGEMENT, LLC 2.31% of their portfolio | 11.4m $745.5m | Reduced -3.3m |
| VOYA INVESTMENT MANAGEMENT LLC 0.44% of their portfolio | 6.5m $422.1m | Added +1.4m |
| STATE STREET CORP 0.02% of their portfolio | 5.7m $369.6m | Added +45.0k |
| FIRST TRUST ADVISORS LP 0.39% of their portfolio | 5.3m $344.7m | Added +49.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 4.0m $258.0m | Added +156.2k |
| Legal & General Group Plc 0.07% of their portfolio | 3.3m $213.6m | Added +1.7m |
| GILDER GAGNON HOWE & CO LLC 2.47% of their portfolio | 2.8m $180.6m | Added +406 |
| FRANKLIN RESOURCES INC 0.08% of their portfolio | 2.5m $162.9m | Reduced -654.9k |
| NORGES BANK 0.03% of their portfolio | 2.0m $132.2m | Reduced -838.8k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.0m $128.6m | Added +1.7m |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 1.7m $112.5m | Added +100.2k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.7m $110.0m | Reduced -25.8k |
| Optimus Prime Fund Management Co., Ltd. 13.81% of their portfolio | 1.5m $99.0m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 1.5m $97.5m | Added +944.4k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 1.5m $95.7m | Added +164.4k |
| Strategy Capital LLC 13.00% of their portfolio | 1.4m $94.1m | Added +85.4k |
| Mitsubishi UFJ Trust & Banking Corp 0.21% of their portfolio | 1.4m $90.2m | Added +200.5k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.3m $85.0m | Reduced -13.0k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 1.3m $84.1m | Reduced -49.2k |
| TWO SIGMA INVESTMENTS, LP 0.22% of their portfolio | 1.3m $83.7m | Reduced -64.7k |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 1.2m $79.5m | Reduced -61.6k |
| CREDIT SUISSE AG/ 0.07% of their portfolio | 1.1m $73.5m | Added +97.6k |
| Amova Asset Management Americas, Inc. 0.72% of their portfolio | 1.0m $68.2m | Added +158.7k |
| Swiss National Bank 0.04% of their portfolio | 984.6k $64.4m | Reduced -32.3k |
| TWO SIGMA ADVISERS, LP 0.16% of their portfolio | 976.6k $63.8m | Added +153.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 973.0k $63.6m | Reduced -380.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 972.2k $63.6m | Added +23.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 965.9k $59.6m | Unchanged |
| Alfreton Capital LLP 29.23% of their portfolio | 950.0k $62.1m | Reduced -350.0k |
| BAMCO INC /NY/ 0.17% of their portfolio | 932.4k $61.0m | Added +42.3k |
| BESSEMER GROUP INC 0.13% of their portfolio | 930.4k $60.8m | Added +18.5k |
| Polar Capital Holdings Plc 0.38% of their portfolio | 857.3k $56.0m | Reduced -932.8k |
| Amundi 0.03% of their portfolio | 848.2k $55.8m | Added +56.1k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 780.8k $51.0m | Reduced -8.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 764.5k $50.0m | Reduced -180.9k |
| SW Investment Management LLC 16.95% of their portfolio | 700.0k $45.8m | Reduced -350.0k |
| PEREGRINE CAPITAL MANAGEMENT LLC 1.03% of their portfolio | 579.4k $37.9m | Added +51.2k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.09% of their portfolio | 468.0k $30.6m | Added +461.0k |
| Ensign Peak Advisors, Inc 0.06% of their portfolio | 464.8k $30.4m | Added +293.8k |
| Grandeur Peak Global Advisors, LLC 2.03% of their portfolio | 455.9k $29.8m | Added +115.3k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 448.5k $30.5m | Reduced -76.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 444.6k $29.1m | Added +7.3k |
| National Pension Service 0.05% of their portfolio | 438.3k $28.1m | Reduced -4.8k |
| California Public Employees Retirement System 0.02% of their portfolio | 419.3k $27.4m | Reduced -15.6k |
| ARK Investment Management LLC 0.18% of their portfolio | 418.4k $27.3m | Added +129.4k |
| LA FINANCIERE DE L'ECHIQUIER 1.35% of their portfolio | 414.0k $27.1m | Reduced -30.4k |
| Squarepoint Ops LLC 0.15% of their portfolio | 411.9k $26.9m | Reduced -405.7k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 392.0k $25.6m | Added +48.8k |
| Value Star Asset Management (Hong Kong) Ltd 6.81% of their portfolio | 352.8k $23.1m | Added +27.0k |
| Vontobel Holding Ltd. 0.20% of their portfolio | 345.4k $22.6m | Reduced -8.9k |
| Whetstone Capital Advisors, LLC 12.60% of their portfolio | 345.4k $22.6m | Added +52.0k |
| Cota Capital Management, LLC 11.20% of their portfolio | 341.7k $22.3m | Unchanged |
| CANADA LIFE ASSURANCE Co 0.05% of their portfolio | 323.1k $21.2m | Added +21.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 322.2k $21.1m | Added +3.4k |
| LONG WALK MANAGEMENT LP 15.23% of their portfolio | 315.0k $20.6m | Reduced -184.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 313.1k $20.5m | Added +34.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 299.5k $19.6m | Added +11.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 298.9k $19.5m | Reduced -1.8k |
| NZS Capital, LLC 0.88% of their portfolio | 267.6k $17.5m | Reduced -5.8k |
| Privium Fund Management B.V. 4.80% of their portfolio | 260.0k $16.7m | Reduced -2.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 258.4k $16.9m | Added +42.2k |
| Alberta Investment Management Corp 0.15% of their portfolio | 243.3k $15.9m | Unchanged |
| BARCLAYS PLC 0.01% of their portfolio | 239.3k $15.6m | Added +5.2k |
| APG Asset Management N.V. 0.03% of their portfolio | 237.6k $14.2m | Added +6.4k |
| CLEAR STREET LLC 0.36% of their portfolio | 233.0k $15.2m | New |
| Atika Capital Management LLC 1.90% of their portfolio | 231.0k $15.1m | Added +65.5k |
| HARTLINE INVESTMENT CORP/ 2.56% of their portfolio | 229.8k $15.0m | Added +70.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 212.1k $13.9m | Reduced -30.9k |
| Asset Management One Co., Ltd. 0.06% of their portfolio | 209.1k $13.7m | Reduced -769 |
| Invesco Ltd. 0.00% of their portfolio | 202.3k $13.2m | Reduced -135.3k |
| Allen Investment Management, LLC 0.19% of their portfolio | 195.5k $12.8m | Unchanged |
| Laurion Capital Management LP 0.54% of their portfolio | 192.7k $12.6m | Reduced -75.5k |
| KBC Group NV 0.05% of their portfolio | 190.9k $12.5m | Added +113.2k |
| RPG Investment Advisory, LLC 2.15% of their portfolio | 190.3k $12.4m | Reduced -1.4k |
| BERKSHIRE CAPITAL HOLDINGS INC 4.95% of their portfolio | 183.6k $12.0m | Reduced -68.1k |
| GAM Holding AG 0.80% of their portfolio | 178.3k $11.7m | Reduced -74.8k |
| UBS Group AG 0.01% of their portfolio | 178.0k $11.6m | Reduced -127.1k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.11% of their portfolio | 176.2k $11.5m | Added +9.0k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 168.4k $11.0m | Added +3.7k |
| 12 West Capital Management LP 0.93% of their portfolio | 165.0k $10.8m | Unchanged |
| State of New Jersey Common Pension Fund D 0.04% of their portfolio | 162.3k $10.6m | Added +9.3k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 160.7k $10.5m | Added +35.7k |
| AVIVA PLC 0.04% of their portfolio | 158.5k $10.4m | Reduced -47.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 158.3k $10.3m | Added +53.1k |
| Man Group plc 0.03% of their portfolio | 156.9k $10.3m | New |
| Swedbank AB 0.02% of their portfolio | 148.9k $9.7m | Reduced -12.7k |
| Parallax Volatility Advisers, L.P. 0.32% of their portfolio | 144.1k $9.4m | Added +135.0k |
| PICTET ASSET MANAGEMENT SA 0.01% of their portfolio | 144.0k $9.4m | Added +34.9k |
| Quadrature Capital Ltd 0.20% of their portfolio | 142.9k $9.3m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 142.0k $9.3m | Added +6.2k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 137.7k $9.1m | Reduced -64.0k |
| FORTE CAPITAL LLC /ADV 1.29% of their portfolio | 136.8k $8.9m | Added +7.0k |
| TWINBEECH CAPITAL LP 0.17% of their portfolio | 132.5k $8.7m | New |
| TORONTO DOMINION BANK 0.01% of their portfolio | 131.4k $8.6m | Added +60.1k |