Vault-13

CLOUDFLARE INC NET 0 08.15.26

NOTE 8/1 · US DOMESTIC · CUSIP 18915MAC1

60 institutional holders -4 vs Q3 2025
62,505,27562.5m shares reported held*
$1.5bnreported value*
8 new 13 added 19 reduced 12 sold out net bought ≈ $31.2m (+36.9m 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 ≈ $24.45.

Trends to Q4 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: 64Q3 25: 64Q4 25: 6060Q3 22Q2 23Q1 24Q4 24Q4 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
Q3 202564
Q4 202560

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 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 25Q3 25: 26 bought or addedQ3 25: 31 cut or sold outQ4 25: 21 bought or addedQ4 25: 31 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20242726
Q2 20242533
Q3 20243025
Q4 20242634
Q1 20254930
Q2 20253036
Q3 20252631
Q4 20252131

Biggest buyers

Sculptor Capital LP New +60,000,000+60.0m
STEELHEAD PARTNERS LLC Added +34,000,000+34.0m
Ovata Capital Management Ltd New +33,245,000+33.2m
VOYA INVESTMENT MANAGEMENT LLC Added +32,920,000+32.9m
LAZARD ASSET MANAGEMENT LLC Added +25,476,000+25.5m
D. E. Shaw & Co., Inc. Added +18,000,000+18.0m
CAPSTONE INVESTMENT ADVISORS, LLC Added +15,131,000+15.1m
BNP PARIBAS FINANCIAL MARKETS Added +13,208,000+13.2m
ARISTEIA CAPITAL, L.L.C. Added +7,500,000+7.5m
CANTOR FITZGERALD, L. P. New +2,500,000+2.5m

Biggest sellers

TWO SIGMA INVESTMENTS, LP Sold out -43,675,000-43.7m
SOROS FUND MANAGEMENT LLC Sold out -25,000,000-25.0m
Balyasny Asset Management L.P. Reduced -22,600,000-22.6m
TENOR CAPITAL MANAGEMENT Co., L.P. Reduced -22,500,000-22.5m
LORD, ABBETT & CO. LLC Reduced -15,077,000-15.1m
BANK OF NOVA SCOTIA Sold out -12,500,000-12.5m
Jain Global LLC Sold out -10,000,000-10.0m
JPMORGAN CHASE & CO Reduced -9,615,000-9.6m
FRANKLIN RESOURCES INC Reduced -8,000,000-8.0m
Alberta Investment Management Corp Sold out -5,000,000-5.0m

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.29% of their portfolio ATLANTA, GA 245,830,000245.8m $289.2m $289.2m 0.29% Added +32.9m +32,920,000
2 D. E. Shaw & Co., Inc. 0.11% of their portfolio New York, NY 124,872,000124.9m $146.5m $146.5m 0.11% Added +18.0m +18,000,000
3 ARISTEIA CAPITAL, L.L.C. 3.47% of their portfolio GREENWICH, CT 103,712,000103.7m $122.0m $122.0m 3.47% Added +7.5m +7,500,000
4 TENOR CAPITAL MANAGEMENT Co., L.P. 1.66% of their portfolio NEW YORK, NY 100,000,000100.0m $117.5m $117.5m 1.66% Reduced -22.5m -22,500,000
5 CAPSTONE INVESTMENT ADVISORS, LLC 0.81% of their portfolio NEW YORK, NY 85,057,00085.1m $100.1m $100.1m 0.81% Added +15.1m +15,131,000
6 STEELHEAD PARTNERS LLC 7.28% of their portfolio SEATTLE, WA 84,000,00084.0m $98.5m $98.5m 7.28% Added +34.0m +34,000,000
7 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 70,141,00070.1m $825.1k $825.1k 0.00% Added +25.5m +25,476,000
8 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 64,000,00064.0m $75.3m $75.3m 0.02% Reduced -8.0m -8,000,000
9 DeepCurrents Investment Group LLC 2.65% of their portfolio NEW YORK, NY 60,601,00060.6m $71.3m $71.3m 2.65% Unchanged
10 Sculptor Capital LP 0.84% of their portfolio New York, NY 60,000,00060.0m $70.4m $70.4m 0.84% New
11 Calamos Advisors LLC 0.25% of their portfolio NAPERVILLE, IL 51,713,00051.7m $60.7m $60.7m 0.25% Reduced -9.0k -9,000
12 Balyasny Asset Management L.P. 0.09% of their portfolio Chicago, IL 40,000,00040.0m $47.0m $47.0m 0.09% Reduced -22.6m -22,600,000
13 Ovata Capital Management Ltd 4.74% of their portfolio HONG KONG, K3 33,245,00033.2m $39.0m $39.0m 4.74% New
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 26,825,00026.8m $31.4m $31.4m 0.00% Added +850.0k +850,000
15 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 18,193,00018.2m $21.4m $21.4m 0.01% Added +13.2m +13,208,000
16 MIZUHO SECURITIES USA LLC 0.33% of their portfolio NEW YORK, NY 16,767,00016.8m $19.7m $19.7m 0.33% Added +767.0k +767,000
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 16,200,00016.2m $19.0m $19.0m 0.00% Reduced -1.2m -1,220,000
18 FMR LLC 0.00% of their portfolio BOSTON, MA 14,508,00014.5m $17.0m $17.0m 0.00% Unchanged
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 13,573,00013.6m $16.1m $16.1m 0.00% Reduced -9.6m -9,615,000
20 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 12,500,00012.5m $14.8m $14.8m 0.01% Unchanged
21 SSI INVESTMENT MANAGEMENT LLC 0.83% of their portfolio Los Angeles, CA 10,420,00010.4m $12.2m $12.2m 0.83% Reduced -16.0k -16,000
22 LORD, ABBETT & CO. LLC 0.03% of their portfolio JERSEY CITY, NJ 8,968,0009.0m $10.5m $10.5m 0.03% Reduced -15.1m -15,077,000
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8,151,0008.2m $9.6m $9.6m 0.00% Reduced -2.7m -2,726,000
24 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio Paris, I0 6,465,0006.5m $7.6m $7.6m 0.01% Added +565.0k +565,000
25 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 6,386,0006.4m $7.5m $7.5m 0.00% Reduced -1.2m -1,175,000
26 RWC Asset Management LLP 0.35% of their portfolio LONDON, X0 5,995,0006.0m $7.1m $7.1m 0.35% Reduced -597.0k -597,000
27 MacKay Shields LLC 0.23% of their portfolio New York, NY 5,715,0005.7m $6.7m $6.7m 0.23% Reduced -101.0k -101,000
28 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,668,0004.7m $5.5m $5.5m 0.00% Reduced -1.6m -1,561,000
29 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 3,000,0003.0m $3.5m $3.5m 0.01% Unchanged
30 CANTOR FITZGERALD, L. P. 0.09% of their portfolio NEW YORK, NY 2,500,0002.5m $2.9m $2.9m 0.09% New
31 NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.00% of their portfolio PHILADELPHIA, PA 2,000,0002.0m $2.4m $2.4m 0.00% First filing
32 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,639,0001.6m $1.9m $1.9m 0.00% Reduced -2.4m -2,353,000
33 Man Group plc 0.00% of their portfolio LONDON, X0 1,230,0001.2m $1.4m $1.4m 0.00% Reduced -1.1m -1,150,000
34 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,149,0001.1m $1.3m $1.3m 0.00% Reduced -190.0k -190,000
35 AGF MANAGEMENT LTD 0.00% of their portfolio TORONTO, A6 875,000875.0k $1.0m $1.0m 0.00% Unchanged
36 DNCA FINANCE 0.05% of their portfolio PARIS, I0 780,000780.0k $922.6k $922.6k 0.05% Unchanged
37 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 700,000700.0k $826.5k $826.5k 0.00% Unchanged
38 Central Pacific Bank - Trust Division 0.09% of their portfolio HONOLULU, HI 599,000599.0k $703.2k $703.2k 0.09% Unchanged
39 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 475,000475.0k $557.6k $557.6k 0.00% New
40 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 380,000380.0k $445.6k $445.6k 0.00% Unchanged
41 Amundi 0.01% of their portfolio Paris, I0 343,000343.0k $40.3m $40.3m 0.01% Unchanged
42 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 261,000261.0k $306.1k $306.1k 0.01% Added +3.0k +3,000
43 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 200,000200.0k $236.6k $236.6k 0.00% Unchanged
44 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $236.6k $236.6k 0.00% Reduced -100.0k -100,000
45 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 185,000185.0k $217.2k $217.2k 0.00% Reduced -1.0k -1,000
46 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 139,000139.0k $164.4k $164.4k 0.00% Reduced -298.0k -298,000
47 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 59,00059.0k $69.3k $69.3k 0.00% Unchanged
48 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 52,59052.6k $6.2m $6.2m 0.01% New
49 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 40,00040.0k $47.3k $47.3k 0.00% Unchanged
50 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 29,00029.0k $34.0k $34.0k 0.01% Unchanged
51 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 25,00025.0k $29.3k $29.3k 0.00% New
52 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 21,80021.8k $25.6k $25.6k 0.00% Added +10.0k +10,000
53 MML INVESTORS SERVICES, LLC 0.00% of their portfolio SPRINGFIELD, MA 19,00019.0k $22.3k $22.3k 0.00% New
54 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 16,00016.0k $18.8k $18.8k 0.00% Unchanged
55 Boussard & Gavaudan Investment Management LLP 1.34% of their portfolio London, X0 15,00015.0k $17.7m $17.7m 1.34% Added +3.0k +3,000
56 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 5,0005.0k $5.9k $5.9k 0.00% New
57 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 3,0003.0k $3.5k $3.5k 0.00% Unchanged
58 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 1,0001.0k $1.2k $1.2k 0.00% Unchanged
59 ODDO BHF ASSET MANAGEMENT SAS 0.01% of their portfolio PARIS, I0 275275 $325.3k $325.3k 0.01% Not comparable
60 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Unchanged