Cloudflare, Inc.
MX ˙ BMV ˙ US18915M1071
SecurityMX:NET / Cloudflare, Inc.
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership5,993,429 shares
Latest Disclosed Value $ 1,233,341,093
Geode Capital Management, Llc reports 0.41% decrease in ownership of NET / Cloudflare, Inc.

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 5,993,429 shares of Cloudflare, Inc. (MX:NET) valued at $1,233,341,093 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 6,018,175 shares of Cloudflare, Inc.. This represents a change in shares of -0.41% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F CLOUDFLARE INC - CL A COM 18915M107 5,993,429 -24,746 -0.41 1,233,341 4.16 0.0410
2026-02-09 2025-12-31 13F CLOUDFLARE INC - CL A COM 18915M107 6,018,175 241,981 4.19 1,184,044 -4.25 0.0731
2025-11-12 2025-09-30 13F CLOUDFLARE INC - CL A COM 18915M107 5,776,194 239,515 4.33 1,236,637 14.34 0.0789
2025-08-08 2025-06-30 13F CLOUDFLARE INC - CL A COM 18915M107 5,536,679 270,227 5.13 1,081,533 82.66 0.0758
2025-05-13 2025-03-31 13F CLOUDFLARE INC - CL A COM 18915M107 5,266,452 363,233 7.41 592,100 12.36 0.0465
2025-02-12 2024-12-31 13F CLOUDFLARE INC - CL A COM 18915M107 4,903,219 68,661 1.42 526,986 35.08 0.0408
2024-11-12 2024-09-30 13F CLOUDFLARE INC - CL A COM 18915M107 4,834,558 121,810 2.58 390,130 0.10 0.0316
2024-08-09 2024-06-30 13F CLOUDFLARE INC - CL A COM 18915M107 4,712,748 202,793 4.50 389,759 -10.59 0.0342
2024-05-13 2024-03-31 13F CLOUDFLARE INC - CL A COM 18915M107 4,509,955 202,584 4.70 435,929 21.76 0.0403
2024-02-13 2023-12-31 13F CLOUDFLARE INC - CL A COM 18915M107 4,307,371 239,096 5.88 358,036 39.79 0.0375
2023-11-13 2023-09-30 13F CLOUDFLARE INC - CL A COM 18915M107 4,068,275 114,521 2.90 256,132 -0.74 0.0305
2023-08-11 2023-06-30 13F CLOUDFLARE INC - CL A COM 18915M107 3,953,754 156,172 4.11 258,029 10.34 0.0303
2023-05-15 2023-03-31 13F CLOUDFLARE INC - CL A COM 18915M107 3,797,582 146,503 4.01 233,843 142,486.59 0.0304
2023-02-13 2022-12-31 13F CLOUDFLARE INC - CL A COM 18915M107 3,651,079 138,130 3.93 165 -99.92 0.0231
2022-11-14 2022-09-30 13F CLOUDFLARE INC - CL A COM 18915M107 3,512,949 25,946 0.74 194,153 27.40 0.0295
2022-08-12 2022-06-30 13F CLOUDFLARE INC - CL A COM 18915M107 3,487,003 6,486 0.19 152,396 -63.37 0.0223
2022-05-13 2022-03-31 13F CLOUDFLARE INC - CL A COM 18915M107 3,480,517 87,403 2.58 416,048 -6.64 0.0519
2022-02-11 2021-12-31 13F CLOUDFLARE INC - CL A COM 18915M107 3,393,114 256,811 8.19 445,623 26.30 0.0537
2021-11-12 2021-09-30 13F CLOUDFLARE INC - CL A COM 18915M107 3,136,303 620,511 24.66 352,822 32.72 0.0475
2021-08-13 2021-06-30 13F CLOUDFLARE INC - CL A COM 18915M107 2,515,792 445,675 21.53 265,831 83.06 0.0366
2021-05-12 2021-03-31 13F CLOUDFLARE INC - CL A COM 18915M107 2,070,117 298,951 16.88 145,216 8.03 0.0222
2021-02-12 2020-12-31 13F CLOUDFLARE INC - CL A COM 18915M107 1,771,166 405,373 29.68 134,421 139.70 0.0226
2020-11-13 2020-09-30 13F CLOUDFLARE INC - CL A COM 18915M107 1,365,793 717,370 110.63 56,079 140.58 0.0110
2020-08-13 2020-06-30 13F CLOUDFLARE INC - CL A COM 18915M107 648,423 340,364 110.49 23,310 222.27 0.0050
2020-05-14 2020-03-31 13F CLOUDFLARE INC - CL A COM 18915M107 308,059 11,965 4.04 7,233 43.20 0.0019
2020-02-20 2019-12-31 13F/A-1 CLOUDFLARE INC - CL A COM 18915M107 296,094 296,094 5,051 0.0011
2020-02-13 2019-12-31 13F CLOUDFLARE INC - CL A COM 18915M107 296,094 5,051 0.0011
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.