Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Cloudflare Inc (NET)

1K + Investors. Track Smart Money conviction in NET. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +54
Streak
7Q ▲
Buyers last Q
58%

Smart Money Signals — NET

Based on 1137 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 7 quarters in a row

last 6Q
For 7 consecutive quarters, more hedge funds added NET than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,137 hedge funds hold NET right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +33% more funds vs a year ago

fund count last 6Q
+280 new funds entered over the past year (+33% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 58% buying

674 buying492 selling
Last quarter: 674 funds bought or added vs 492 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~188 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 201 → 178 → 183 → 188. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

46% of holders stayed for 2+ years

■ 46% conviction (2yr+) ■ 29% medium ■ 25% new
522 out of 1,137 hedge funds have held NET for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~188 new funds/quarter

191 → 201 → 178 → 183 → 188 new funds/Q
New funds entering each quarter: 201 → 178 → 183 → 188. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 55% veterans vs 34% newcomers

■ 55% veterans ■ 12% 1-2yr ■ 34% new
Entry-cohort mix of 1,207 holders: 659 (55%) are 2+ year veterans, 139 entered 1–2 years ago, and 409 (34%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 58% AUM from top-100 funds

58% from top-100 AUM funds
66 of 1125 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in NET. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NET

In 2026 Q1, 674 hedge funds were net buyers of NET (188 opened a new position, 486 added to an existing one), while 492 reduced or exited (358 trimmed, 134 sold completely) — a 58% buyer ratio, indicating a slight buying edge. This marks 7 consecutive quarters of net institutional buying — a persistent conviction signal. 58% of total institutional value in NET is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +54 funds (more new holders than closures). Total institutional holders: 1137.

Hedge Fund Ownership: NET

How many hedge funds hold NET — quarterly history vs. share price
Quarterly hedge fund ownership of NET vs. share price

Market Analysis: NET

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NET

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Cloudflare Inc (NET) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NET has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 76d ago
NET
+10.7%
XLK
+39.1%

NET outperformed XLK by -28.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 31d ago
NET
+15.7%
XLK
+4.8%

Since the filing became public, NET outperformed XLK by +10.9% .

Interpretation: The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

76 top-rated funds 21 high-conviction
Consensus
8.2
/ 10
breadth
×
Elite
4.3
/ 10
conviction
Hedge Fund Positioning: NET
1K + Investors

Track Smart Money conviction in NET. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1130 1083 4.34%
13F Shares 292M 297M -1.73%
Total Value $58.84B $57.73B 1.93%
New Positions 185 183 +2
Increased Positions 479 431 +48
Closed Positions 138 135 +3
Reduced Positions 331 336 -5
Total Calls 41 35 17.14%
Total Puts 41 32 28.12%
PUT/CALL Ratio 1.0 0.91 Neutral

Statistics: NET

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NET. Verified SEC 13F-HR filings.

QUARTER:
Top 25 NET holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Whetstone Capital Advisors, LLC 20.97% 293,031 $60.5M
2 Strategy Capital LLC 19.21% 1,138,617 $234.9M
3 WIM INVESTMENT MANAGEMENT Ltd 13.93% 227,749 $47.0M
4 Flight Deck Capital, LP 9.70% 64,600 $13.3M
5 Whetstone Capital Advisors, LLC 7.16% 100,000 $20.6M
6 Capelight Capital Asset Management LP 6.16% 40,000 $8.3M
7 Science & Technology Partners, L.P. 5.75% 106,525 $22.0M
8 Broad Bay Capital Management, LP 5.34% 304,400 $62.8M
9 Arrow Capital Pty Ltd 4.87% 25,000 $4.9M
10 Gilder Gagnon Howe & Co LLC 4.40% 1,778,168 $366.9M
11 Glynn Capital Management LLC 4.26% 43,180 $8.9M
12 Warm Springs Advisors Inc. 3.89% 22,198 $4.6M
13 12 West Capital Management LP 3.66% 105,000 $21.7M
14 Davis-Rea LTD. 3.41% 63,384 $13.1M
15 Robocap Asset Management Ltd 3.38% 15,328 $3.2M
16 Baillie Gifford & Co 3.36% 15,924,423 $3.29B
17 Peregrine Capital Management LLC 3.08% 401,849 $82.9M
18 Baker Chad R 3.03% 77,960 $16.1M
19 Sands Capital Management, LLC 2.96% 3,661,749 $755.6M
20 Berkshire Capital Holdings Inc 2.93% 39,410 $8.1M
21 Styrax Capital, LP 2.88% 200,000 $41.3M
22 Osbon Capital Management LLC 2.79% 16,542 $3.4M
23 Hartline Investment Corp/ 2.74% 120,517 $24.9M
24 AMJ Financial Wealth Management 2.58% 52,988 $10.9M
25 RPG Investment Advisory, LLC 2.36% 94,923 $19.6M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Cloudflare Inc (NET)

What does the Smart Money Trend signal show for NET?

Buying streak — 7 quarters in a row: For 7 consecutive quarters, more hedge funds added NET than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NET?

Slight buying edge — 58% buying: Last quarter: 674 funds bought or added vs 492 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NET holders?

Elite ownership — 58% AUM from top-100 funds: 66 of 1125 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in NET. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NET?

46% of holders stayed for 2+ years: 522 out of 1,137 hedge funds have held NET for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Cloudflare Inc (NET) following the 2026 Q1 hedge fund 13F filings?

As of today, NET has moved +15.7% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLK sector ETF — an outperformance of +10.9%. Since the quarter end (March 31, 2026), NET has gained +10.7% vs +39.1% for XLK. The stock has meaningfully outrun its sector. The trade has partially played out; entry is at a premium to the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →