Vault-13

CLOUDFLARE INC NET 0 08.15.26

NOTE 8/1 · US DOMESTIC · CUSIP 18915MAC1

64 institutional holders -3 vs Q1 2025
19,179,00019.2m shares reported held*
$1.6bnreported value*
12 new 18 added 21 reduced 15 sold out net sold ≈ $200.7m (-8.9m 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. Holder counts are more reliable. Implied quarter-end price ≈ $82.93.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 60Q4 22: 58Q1 23: 62Q2 23: 62Q3 23: 73Q4 23: 62Q1 24: 60Q2 24: 65Q3 24: 62Q4 24: 57Q1 25: 67Q2 25: 6464Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202260
Q4 202258
Q1 202362
Q2 202362
Q3 202373
Q4 202362
Q1 202460
Q2 202465
Q3 202462
Q4 202457
Q1 202567
Q2 202564

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 22 bought or addedQ3 23: 25 cut or sold outQ4 23: 24 bought or addedQ4 23: 29 cut or sold outQ4 23Q1 24: 27 bought or addedQ1 24: 26 cut or sold outQ2 24: 25 bought or addedQ2 24: 33 cut or sold outQ2 24Q3 24: 30 bought or addedQ3 24: 25 cut or sold outQ4 24: 26 bought or addedQ4 24: 34 cut or sold outQ4 24Q1 25: 49 bought or addedQ1 25: 30 cut or sold outQ2 25: 30 bought or addedQ2 25: 36 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20232225
Q4 20232429
Q1 20242726
Q2 20242533
Q3 20243025
Q4 20242634
Q1 20254930
Q2 20253036

Biggest buyers

SOROS FUND MANAGEMENT LLC New +62,500,000+62.5m
BNP PARIBAS FINANCIAL MARKETS Added +53,559,000+53.6m
D. E. Shaw & Co., Inc. New +51,000,000+51.0m
LAZARD ASSET MANAGEMENT LLC Added +22,982,000+23.0m
ARISTEIA CAPITAL, L.L.C. Added +15,065,000+15.1m
TENOR CAPITAL MANAGEMENT Co., L.P. Added +14,500,000+14.5m
SONA ASSET MANAGEMENT (US) LLC New +11,882,000+11.9m
CAPSTONE INVESTMENT ADVISORS, LLC Added +10,000,000+10.0m
WELLINGTON MANAGEMENT GROUP LLP New +7,946,000+7.9m
GOLDMAN SACHS GROUP INC Added +3,758,000+3.8m

Biggest sellers

VOYA INVESTMENT MANAGEMENT LLC Reduced -220,510,000-220.5m
Balyasny Asset Management L.P. Reduced -35,400,000-35.4m
STEELHEAD PARTNERS LLC Reduced -32,188,000-32.2m
MacKay Shields LLC Reduced -31,471,000-31.5m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -24,421,000-24.4m
Calamos Advisors LLC Reduced -24,213,000-24.2m
Lombard Odier Asset Management (Europe) Ltd Sold out -21,472,000-21.5m
Walleye Capital LLC Sold out -8,000,000-8.0m
Alberta Investment Management Corp Reduced -7,500,000-7.5m
ABSOLUTE INVESTMENT ADVISERS, LLC Sold out -6,500,000-6.5m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.26% of their portfolio ATLANTA, GA 223,550,000223.6m $264.9m $264.9m 0.26% Reduced -220.5m -220,510,000
2 TENOR CAPITAL MANAGEMENT Co., L.P. 2.60% of their portfolio NEW YORK, NY 162,364,000162.4m $192.8m $192.8m 2.60% Added +14.5m +14,500,000
3 LAZARD ASSET MANAGEMENT LLC 0.16% of their portfolio NEW YORK, NY 97,625,00097.6m $115.7m $115.7m 0.16% Added +23.0m +22,982,000
4 ARISTEIA CAPITAL, L.L.C. 2.67% of their portfolio GREENWICH, CT 79,613,00079.6m $94.3m $94.3m 2.67% Added +15.1m +15,065,000
5 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 72,000,00072.0m $85.3m $85.3m 0.02% Unchanged
6 CAPSTONE INVESTMENT ADVISORS, LLC 0.72% of their portfolio NEW YORK, NY 71,426,00071.4m $84.6m $84.6m 0.72% Added +10.0m +10,000,000
7 SOROS FUND MANAGEMENT LLC 1.27% of their portfolio NEW YORK, NY 62,500,00062.5m $74.1m $74.1m 1.27% New
8 DeepCurrents Investment Group LLC 2.52% of their portfolio NEW YORK, NY 58,101,00058.1m $68.9m $68.9m 2.52% Unchanged
9 BlackRock, Inc. 0.00% of their portfolio New York, NY 58,100,00058.1m $68.7m $68.7m 0.00% Added +615.0k +615,000
10 Calamos Advisors LLC 0.28% of their portfolio NAPERVILLE, IL 56,169,00056.2m $66.4m $66.4m 0.28% Reduced -24.2m -24,213,000
11 BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio PARIS, I0 55,255,00055.3m $65.4m $65.4m 0.05% Added +53.6m +53,559,000
12 D. E. Shaw & Co., Inc. 0.06% of their portfolio New York, NY 51,000,00051.0m $60.4m $60.4m 0.06% New
13 STEELHEAD PARTNERS LLC 2.85% of their portfolio SEATTLE, WA 47,812,00047.8m $56.7m $56.7m 2.85% Reduced -32.2m -32,188,000
14 LORD, ABBETT & CO. LLC 0.13% of their portfolio JERSEY CITY, NJ 33,936,00033.9m $40.2m $40.2m 0.13% Reduced -3.7m -3,729,000
15 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 24,825,00024.8m $29.3m $29.3m 0.00% Reduced -825.0k -825,000
16 FMR LLC 0.00% of their portfolio BOSTON, MA 15,461,00015.5m $18.3m $18.3m 0.00% Reduced -964.0k -964,000
17 Balyasny Asset Management L.P. 0.04% of their portfolio Chicago, IL 15,100,00015.1m $17.9m $17.9m 0.04% Reduced -35.4m -35,400,000
18 MIZUHO SECURITIES USA LLC 0.33% of their portfolio NEW YORK, NY 13,003,00013.0m $15.4m $15.4m 0.33% First filing
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 12,702,00012.7m $15.0m $15.0m 0.00% Added +2.8m +2,825,000
20 BANK OF NOVA SCOTIA 0.03% of their portfolio TORONTO, A6 12,500,00012.5m $14.9m $14.9m 0.03% Added +2.5m +2,500,000
21 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 12,000,00012.0m $14.2m $14.2m 0.01% Reduced -1.0m -1,000,000
22 SONA ASSET MANAGEMENT (US) LLC 0.48% of their portfolio NEW YORK, NY 11,882,00011.9m $14.1m $14.1m 0.48% New
23 SSI INVESTMENT MANAGEMENT LLC 0.87% of their portfolio Los Angeles, CA 10,447,00010.4m $12.4m $12.4m 0.87% Reduced -180.0k -180,000
24 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,878,0008.9m $10.5m $10.5m 0.00% Added +1.0m +1,045,000
25 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 7,946,0007.9m $9.4m $9.4m 0.00% New
26 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7,092,0007.1m $8.4m $8.4m 0.00% Added +3.8m +3,756,000
27 MacKay Shields LLC 0.23% of their portfolio New York, NY 6,027,0006.0m $7.1m $7.1m 0.23% Reduced -31.5m -31,471,000
28 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio Paris, I0 5,900,0005.9m $6.9m $6.9m 0.02% Added +2.9m +2,900,000
29 RWC Asset Management LLP 0.32% of their portfolio LONDON, X0 5,100,0005.1m $6.0m $6.0m 0.32% Reduced -1.9m -1,900,000
30 Alberta Investment Management Corp 0.05% of their portfolio EDMONTON, A0 5,000,0005.0m $5.9m $5.9m 0.05% Reduced -7.5m -7,500,000
31 Nicholas Investment Partners, LP 0.45% of their portfolio RANCHO SANTA FE, CA 4,225,0004.2m $5.0m $5.0m 0.45% Reduced -2.0m -2,000,000
32 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,189,0004.2m $5.0m $5.0m 0.00% Added +2.4m +2,362,000
33 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 4,146,0004.1m $4.9m $4.9m 0.00% Added +3.8m +3,758,000
34 AXA S.A. 0.01% of their portfolio PARIS, I0 3,100,0003.1m $3.7m $3.7m 0.01% Unchanged
35 KIM, LLC 0.37% of their portfolio WICHITA, KS 3,000,0003.0m $3.6m $3.6m 0.37% New
36 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 2,225,0002.2m $2.6m $2.6m 0.00% Unchanged
37 OAKTREE CAPITAL MANAGEMENT LP 0.05% of their portfolio LOS ANGELES, CA 2,000,0002.0m $2.4m $2.4m 0.05% New
38 Man Group plc 0.00% of their portfolio LONDON, X0 1,480,0001.5m $1.7m $1.7m 0.00% Added +1.3m +1,300,000
39 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,339,0001.3m $1.6m $1.6m 0.00% Added +125.0k +125,000
40 SHENKMAN CAPITAL MANAGEMENT INC 0.13% of their portfolio NEW YORK, NY 1,099,0001.1m $1.4m $1.4m 0.13% Reduced -2.1m -2,072,000
41 AGF MANAGEMENT LTD 0.01% of their portfolio TORONTO, A6 1,025,0001.0m $1.2m $1.2m 0.01% New
42 Erste Asset Management GmbH 0.01% of their portfolio VIENNA, C4 900,000900.0k $1.1m $1.1m 0.01% New
43 DNCA FINANCE 0.07% of their portfolio PARIS, I0 780,000780.0k $922.2k $922.2k 0.07% Reduced -120.0k -120,000
44 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 700,000700.0k $827.6k $827.6k 0.00% Unchanged
45 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 700,000700.0k $828.9k $828.9k 0.00% Unchanged
46 Central Pacific Bank - Trust Division 0.09% of their portfolio HONOLULU, HI 599,000599.0k $708.7k $708.7k 0.09% Unchanged
47 Pinnacle Holdings, LLC 0.21% of their portfolio TULSA, OK 500,000500.0k $591.5k $591.5k 0.21% Unchanged
48 Amundi 0.00% of their portfolio Paris, I0 493,000493.0k $567.3k $567.3k 0.00% Reduced -2.4m -2,365,000
49 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 408,000408.0k $482.4k $482.4k 0.00% New
50 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 380,000380.0k $449.5k $449.5k 0.00% Added +60.0k +60,000
51 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 254,000254.0k $300.5k $300.5k 0.01% Reduced -299.0k -299,000
52 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 183,000183.0k $216.5k $216.5k 0.00% Reduced -1.0k -1,000
53 ADVENT CAPITAL MANAGEMENT /DE/ 0.00% of their portfolio NEW YORK, NY 173,000173.0k $205.0k $205.0k 0.00% Reduced -24.4m -24,421,000
54 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 59,00059.0k $69.8k $69.8k 0.00% Added +2.0k +2,000
55 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 40,00040.0k $47.3k $47.3k 0.00% Unchanged
56 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 37,00037.0k $43.8k $43.8k 0.00% Added +12.0k +12,000
57 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 29,00029.0k $34.0k $34.0k 0.01% Reduced -7.0k -7,000
58 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 17,80017.8k $21.1k $21.1k 0.00% Reduced -382.0k -382,000
59 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 14,00014.0k $15.4k $15.4k 0.00% New
60 BRIGHTON JONES LLC 0.00% of their portfolio SEATTLE, WA 12,00012.0k $14.2k $14.2k 0.00% Unchanged
61 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 8,0008.0k $9.5k $9.5k 0.00% New
62 Boussard & Gavaudan Investment Management LLP 0.76% of their portfolio London, X0 5,0005.0k $5.9m $5.9m 0.76% New
63 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 3,0003.0k $3.5k $3.5k 0.00% Unchanged
64 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged