$NET

$331.86 +$6.13 (1.88%) Close

$NET Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 354.3M shares outstanding

Who owns NET?

By type of holder

Institutions 80.2% Insiders 0.0% Everyone else 19.8%

Concentration Top 10 holders own 40.7%

Capital World Investors 6.9% · BlackRock, Inc. 6.1%

Institutional ownership

80.2%

+2.1 pts vs last qtr

Institutional holders

1,221

+84 vs last qtr

Net shares bought

+7.3M

by institutions in Q2 2026

New / sold out

215 / 131

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Norges Bank NEW +3.6M
T. Rowe Price Investment Management, Inc. NEW +1.9M

Biggest sellers in Q2 2026

Citadel Advisors LLC −1.5M
Baillie Gifford & Co −1.3M

Who is planning to sell?

Notices of proposed sale, last 12 months

$773M

52 notices from 10 people

Shares covered

3.3M

0.93% of the company

Arranged in advance

99%

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Matthew Prince Officer 10b5-1 $345M
Michelle Zatlyn Officer 10b5-1 $314M

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2019–FY2025

+138.1%

+15.56% a year

Each share's claim on the business

−58.0%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$666K vs $1.45B

over 7 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years76% 3–5 years4% 1–3 years10% Under 1 year10%

Quarterly turnover

8.6%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting NET on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
CW Capital World Investors	24.3M	6.87%	+1.6M (+7.0%)	≤2021	0.7%
Shares held by quarter Peak holding40.8M (Q2'25) Change over 8 quarters−10.8M Share of the company6.870% Capital World Investors's full portfolio →
B BlackRock, Inc.	21.6M	6.10%	+504.6K (+2.4%)	≤2021	0.1%
Shares held by quarter Peak holding22.7M (Q4'25) Change over 8 quarters+3.5M Share of the company6.100% BlackRock, Inc.'s full portfolio →

Capital World Investors

24.3M

% of company

6.87%

Change vs last qtr

+1.6M (+7.0%)

Held since

≤2021

BlackRock, Inc.

21.6M

% of company

6.10%

Change vs last qtr

+504.6K (+2.4%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Cloudflare, Inc., how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting NET on Form N-PORT; together they hold 35.4% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
GF Growth Fund of America Growth Fund of America	$3.68B	15.2M	4.30%	1.02%	May 31, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$2.49B	10.1M	2.86%	0.11%	June 30, 2026

Growth Fund of America

Position value

$3.68B

% of company

4.30%

% of the fund

1.02%

As of

May 31, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$2.49B

% of company

2.86%

% of the fund

0.11%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Cloudflare, Inc. and how much of the fund the position is.

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