Vault-13

CLOUDFLARE INC NET 0 08.15.26

NOTE 8/1 · US DOMESTIC · CUSIP 18915MAC1

62 institutional holders +4 vs Q4 2022
102,494,709102.5m shares reported held*
$3.6bnreported value*
12 new 20 added 16 reduced 8 sold out net bought ≈ $59.3m (+5.2m shares)

* 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 ($761.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $35.61. Options: 0 managers hold calls (— notional), 2 hold puts ($76.0m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 60Q4 22: 58Q1 23: 6262Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202260
Q4 202258
Q1 202362

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 23 bought or addedQ4 22: 27 cut or sold outQ4 22Q1 23: 32 bought or addedQ1 23: 24 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222327
Q1 20233224

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20m$40m$60m$80mQ3 22 calls: $0Q3 22 puts: $49.7mQ3 22P/C —Q4 22 calls: $0Q4 22 puts: $52.2mQ4 22P/C —Q1 23 calls: $0Q1 23 puts: $76.0mQ1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$49.7m—
Q4 2022$0$52.2m—
Q1 2023$0$76.0m—

Biggest buyers

LORD, ABBETT & CO. LLC Added +32,123,000+32.1m
LORD, ABBETT & CO. LLC Added +32,123,000+32.1m
MANUFACTURERS LIFE INSURANCE COMPANY, THE New +31,077,000+31.1m
FMR LLC Added +17,950,000+17.9m
SOROS FUND MANAGEMENT LLC Added +14,000,000+14.0m
LAZARD ASSET MANAGEMENT LLC Added +13,578,000+13.6m
D. E. Shaw & Co., Inc. Added +10,000,000+10.0m
BNP PARIBAS FINANCIAL MARKETS Added +9,111,000+9.1m
STEELHEAD PARTNERS LLC Added +8,085,000+8.1m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC New +5,600,000+5.6m

Biggest sellers

Polar Capital Holdings Plc Sold out -35,500,000-35.5m
VOYA INVESTMENT MANAGEMENT LLC Reduced -34,700,000-34.7m
Verition Fund Management LLC Reduced -34,463,835-34.5m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -22,849,000-22.8m
BlackRock Inc. Reduced -11,260,000-11.3m
CAPSTONE INVESTMENT ADVISORS, LLC Reduced -7,000,000-7.0m
STATE STREET CORP Reduced -4,050,000-4.0m
Invesco Ltd. Reduced -4,000,000-4.0m
SSI INVESTMENT MANAGEMENT LLC Reduced -2,755,000-2.8m
ZAZOVE ASSOCIATES LLC Sold out -2,500,000-2.5m

Biggest calls

None

Biggest puts

DAVIDSON KEMPNER PARTNERS First filing $38.0m45.0m shares
Davidson Kempner Capital Management LP Reduced $38.0m45.0m 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.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.22% of their portfolio ATLANTA, GA 246,780,000246.8m $209.6m $209.6m 0.22% Reduced -34.7m -34,700,000
2 SOROS FUND MANAGEMENT LLC 2.35% of their portfolio NEW YORK, NY 146,000,000146.0m $123.4m $123.4m 2.35% Added +14.0m +14,000,000
3 LAZARD ASSET MANAGEMENT LLC 0.13% of their portfolio NEW YORK, NY 114,387,000114.4m $97.2m $97.2m 0.13% Added +13.6m +13,578,000
4 FRANKLIN RESOURCES INC 0.03% of their portfolio San Mateo, CA 80,000,00080.0m $68.0m $68.0m 0.03% Unchanged
5 STEELHEAD PARTNERS LLC 3.53% of their portfolio SEATTLE, WA 64,085,00064.1m $54.2m $54.2m 3.53% Added +8.1m +8,085,000
6 Calamos Advisors LLC 0.27% of their portfolio NAPERVILLE, IL 64,084,00064.1m $54.2m $54.2m 0.27% Unchanged
7 LORD, ABBETT & CO. LLC 0.09% of their portfolio JERSEY CITY, NJ 61,872,00061.9m $52.4m $52.4m 0.09% Added +32.1m +32,123,000
8 LORD, ABBETT & CO. LLC 0.09% of their portfolio JERSEY CITY, NJ 61,872,00061.9m $52.4m $52.4m 0.09% Added +32.1m +32,123,000
9 ADVENT CAPITAL MANAGEMENT /DE/ 0.71% of their portfolio NEW YORK, NY 43,350,00043.4m $36.8m $36.8m 0.71% Reduced -22.8m -22,849,000
10 FMR LLC 0.00% of their portfolio BOSTON, MA 34,100,00034.1m $28.8m $28.8m 0.00% Added +17.9m +17,950,000
11 MANUFACTURERS LIFE INSURANCE COMPANY, THE 1.49% of their portfolio Toronto, A6 31,077,00031.1m $2.6bn $2.6bn 1.49% New
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 27,450,00027.4m $23.1m $23.1m 0.00% Reduced -4.0m -4,050,000
13 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 23,190,00023.2m $19.6m $19.6m 0.03% Added +10.0m +10,000,000
14 SSI INVESTMENT MANAGEMENT LLC 1.20% of their portfolio Los Angeles, CA 20,171,00020.2m $17.0m $17.0m 1.20% Reduced -2.8m -2,755,000
15 PUTNAM INVESTMENTS LLC 0.02% of their portfolio BOSTON, MA 13,867,00013.9m $11.7m $11.7m 0.02% Added +3.7m +3,729,000
16 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 11,293,00011.3m $9.5m $9.5m 0.02% Added +9.1m +9,111,000
17 BlackRock Inc. 0.00% of their portfolio New York, NY 10,355,00010.4m $8.7m $8.7m 0.00% Reduced -11.3m -11,260,000
18 Amundi 0.00% of their portfolio Paris, I0 9,993,00010.0m $8.4m $8.4m 0.00% Reduced -100.0k -100,000
19 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 9,560,0009.6m $8.1m $8.1m 0.00% Reduced -4.0m -4,000,000
20 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 8,463,0008.5m $7.2m $7.2m 0.01% Added +1.3m +1,317,000
21 Ionic Capital Management LLC 2.03% of their portfolio NEW YORK, NY 6,306,0006.3m $5.3m $5.3m 2.03% Added +606.0k +606,000
22 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 6,000,0006.0m $5.1m $5.1m 0.02% Unchanged
23 OAKTREE CAPITAL MANAGEMENT LP 0.05% of their portfolio LOS ANGELES, CA 5,704,0005.7m $4.8m $4.8m 0.05% Added +1.7m +1,687,000
24 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 5,600,0005.6m $4.8m $4.8m 0.00% New
25 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 5,444,0005.4m $4.6m $4.6m 0.01% Reduced -1.4m -1,357,000
26 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 5,373,0005.4m $4.5m $4.5m 0.00% Reduced -2.0m -2,000,000
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5,173,0005.2m $4.4m $4.4m 0.00% Added +373.0k +373,000
28 SILVERBACK ASSET MANAGEMENT LLC 0.67% of their portfolio DURHAM, NC 5,000,0005.0m $4.2m $4.2m 0.67% New
29 CAPSTONE INVESTMENT ADVISORS, LLC 0.13% of their portfolio NEW YORK, NY 4,928,0004.9m $4.2m $4.2m 0.13% Reduced -7.0m -7,000,000
30 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 4,558,0004.6m $3.9m $3.9m 0.00% New
31 Anson Funds Management LP 0.48% of their portfolio DALLAS, TX 4,000,0004.0m $3.4m $3.4m 0.48% Added +2.0m +2,000,000
32 READYSTATE ASSET MANAGEMENT LP 0.42% of their portfolio CHICAGO, IL 4,000,0004.0m $3.4m $3.4m 0.42% New
33 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 3,619,0003.6m $3.0m $3.0m 0.00% Reduced -500.0k -500,000
34 SONA ASSET MANAGEMENT (US) LLC 0.65% of their portfolio NEW YORK, NY 3,600,0003.6m $3.0m $3.0m 0.65% New
35 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 3,550,0003.5m $3.0m $3.0m 0.01% New
36 ONTARIO TEACHERS PENSION PLAN BOARD 0.03% of their portfolio Toronto, A6 3,500,0003.5m $3.0m $3.0m 0.03% Unchanged
37 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 3,050,0003.0m $2.6m $2.6m 0.00% Reduced -750.0k -750,000
38 EDMOND DE ROTHSCHILD HOLDING S.A. 0.06% of their portfolio CHAMBESY, V8 2,985,0003.0m $2.5m $2.5m 0.06% Unchanged
39 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,595,0002.6m $2.2m $2.2m 0.00% Added +58.0k +58,000
40 BASSO CAPITAL MANAGEMENT, L.P. 1.47% of their portfolio STAMFORD, CT 1,800,0001.8m $1.5m $1.5m 1.47% Unchanged
41 MIZUHO SECURITIES USA LLC 0.05% of their portfolio NEW YORK, NY 1,107,0001.1m $922.2k $922.2k 0.05% New
42 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,000,0001.0m $844.5k $844.5k 0.01% Unchanged
43 Ayrton Capital LLC 3.04% of their portfolio Westport, CT 1,000,0001.0m $846.0k $846.0k 3.04% Unchanged
44 Paloma Partners Management Co 0.17% of their portfolio GREENWICH, CT 900,000900.0k $761.0k $761.0k 0.17% New
45 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 900,000900.0k $761.2k $761.2k 0.00% Unchanged
46 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 681,000681.0k $575.1k $575.1k 0.00% Added +677.0k +677,000
47 Pinnacle Holdings, LLC 0.20% of their portfolio TULSA, OK 500,000500.0k $422.2k $422.2k 0.20% Unchanged
48 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 440,000440.0k $371.6k $371.6k 0.01% Reduced -42.0k -42,000
49 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 359,000359.0k $303.6k $303.6k 0.00% Reduced -2.5m -2,500,000
50 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 245,000245.0k $206.9k $206.9k 0.00% Unchanged
51 Oaktree Fund Advisors, LLC 0.08% of their portfolio LOS ANGLES, CA 99,00099.0k $84.1k $84.1k 0.08% Added +86.0k +86,000
52 NOMURA HOLDINGS INC 0.06% of their portfolio TOKYO, M0 97,08797.1k $6.0m $6.0m 0.06% Added +49.3k +49,319
53 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 87,00087.0k $74.0k $74.0k 0.00% Reduced -606.0k -606,000
54 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 49,00049.0k $41.4k $41.4k 0.00% Added +28.0k +28,000
55 LOOMIS SAYLES & CO L P 0.01% of their portfolio BOSTON, MA 48,70948.7k $3.0m $3.0m 0.01% New
56 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 42,00042.0k $35.5k $35.5k 0.00% Added +23.0k +23,000
57 Verition Fund Management LLC 0.49% of their portfolio GREENWICH, CT 36,16536.2k $30.7m $30.7m 0.49% Reduced -34.5m -34,463,835
58 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 16,00016.0k $13.5k $13.5k 0.00% New
59 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 15,00015.0k $12.7k $12.7k 0.00% Unchanged
60 UBS Group AG 0.00% of their portfolio ZURICH, V8 8,0008.0k $6.8k $6.8k 0.00% Unchanged
61 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 2,0002.0k $169.0k $169.0k 0.00% New
62 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged