Cloudflare, Inc.
MX ˙ BMV ˙ US18915M1071
SecurityMX:NET / Cloudflare, Inc.
InstitutionNorden Group Llc
Latest Disclosed Ownership23,193 shares
Latest Disclosed Value $ 4,785,644
Norden Group Llc reports 3.51% decrease in ownership of NET / Cloudflare, Inc.

On April 15, 2026 - Norden Group Llc filed a 13F-HR form disclosing ownership of 23,193 shares of Cloudflare, Inc. (MX:NET) valued at $4,785,644 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 13, 2026 disclosing 24,036 shares of Cloudflare, Inc.. This represents a change in shares of -3.51% 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.

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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)
2026-04-15 2026-03-31 13F CLOUDFLARE CL A COM 18915M107 23,193 -843 -3.51 4,786 0.99 0.4598
2026-01-13 2025-12-31 13F CLOUDFLARE CL A COM 18915M107 24,036 -458 -1.87 4,739 -9.86 0.4640
2025-10-15 2025-09-30 13F CLOUDFLARE CL A COM 18915M107 24,494 -240 -0.97 5,256 8.53 0.5341
2025-07-15 2025-06-30 13F CLOUDFLARE CL A COM 18915M107 24,734 2,017 8.88 4,844 89.25 0.5258
2025-05-07 2025-03-31 13F CLOUDFLARE CL A COM 18915M107 22,717 -11,706 -34.01 2,560 -30.95 0.2946
2025-02-05 2024-12-31 13F CLOUDFLARE CL A COM 18915M107 34,423 -4,949 -12.57 3,707 16.39 0.4192
2024-10-17 2024-09-30 13F CLOUDFLARE CL A COM 18915M107 39,372 321 0.82 3,185 -1.55 0.3759
2024-08-06 2024-06-30 13F CLOUDFLARE CL A COM 18915M107 39,051 61 0.16 3,235 -14.33 0.6538
2024-04-30 2024-03-31 13F/A-1 CLOUDFLARE CL A COM 18915M107 38,990 38,990 3,775 0.7669
2024-04-19 2024-03-31 13F CLOUDFLARE CL A COM 18915M107 233,940 233,940 22,652 0.2520
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.