Cloudflare, Inc.
MX ˙ BMV ˙ US18915M1071
SecurityMX:NET / Cloudflare, Inc.
InstitutionFirst Trust Advisors Lp
Latest Disclosed Ownership3,774,026 shares
Latest Disclosed Value $ 778,732,388
First Trust Advisors Lp reports 6.10% decrease in ownership of NET / Cloudflare, Inc.

On May 13, 2026 - First Trust Advisors Lp filed a 13F-HR form disclosing ownership of 3,774,026 shares of Cloudflare, Inc. (MX:NET) valued at $778,732,388 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 4,019,157 shares of Cloudflare, Inc.. This represents a change in shares of -6.10% 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)
2026-05-13 2026-03-31 13F CLOUDFLARE CL A COM 18915M107 3,774,026 -245,131 -6.10 778,732 -1.72 0.5550
2026-02-13 2025-12-31 13F CLOUDFLARE CL A COM 18915M107 4,019,157 63,198 1.60 792,377 -6.66 0.5759
2025-11-12 2025-09-30 13F CLOUDFLARE CL A COM 18915M107 3,955,959 -493,164 -11.08 848,909 -2.57 0.6308
2025-08-13 2025-06-30 13F CLOUDFLARE CL A COM 18915M107 4,449,123 -162,912 -3.53 871,272 67.64 0.7007
2025-05-14 2025-03-31 13F CLOUDFLARE CL A COM 18915M107 4,612,035 -765,308 -14.23 519,730 -10.24 0.4603
2025-02-13 2024-12-31 13F CLOUDFLARE CL A COM 18915M107 5,377,343 -301,965 -5.32 579,032 26.04 0.5104
2024-11-13 2024-09-30 13F CLOUDFLARE CL A COM 18915M107 5,679,308 -1,177,507 -17.17 459,399 -19.11 0.4377
2024-08-13 2024-06-30 13F CLOUDFLARE CL A COM 18915M107 6,856,815 1,721,645 33.53 567,950 14.22 0.5791
2024-05-13 2024-03-31 13F CLOUDFLARE CL A COM 18915M107 5,135,170 127,922 2.55 497,239 19.27 0.5047
2024-02-13 2023-12-31 13F CLOUDFLARE CL A COM 18915M107 5,007,248 -1,116,591 -18.23 416,903 7.99 0.4549
2023-11-13 2023-09-30 13F CLOUDFLARE CL A COM 18915M107 6,123,839 851,301 16.15 386,047 12.01 0.4575
2023-08-14 2023-06-30 13F CLOUDFLARE CL A COM 18915M107 5,272,538 49,081 0.94 344,666 7.01 0.3919
2023-05-15 2023-03-31 13F CLOUDFLARE CL A COM 18915M107 5,223,457 -1,127,236 -17.75 322,078 12.15 0.3719
2023-02-09 2022-12-31 13F CLOUDFLARE CL A COM 18915M107 6,350,693 755,225 13.50 287,181 -7.21 0.3415
2022-11-14 2022-09-30 13F CLOUDFLARE CL A COM 18915M107 5,595,468 -3,987,649 -41.61 309,485 -26.18 0.4013
2022-08-12 2022-06-30 13F CLOUDFLARE CL A COM 18915M107 9,583,117 3,134,967 48.62 419,261 -45.68 0.5177
2022-05-13 2022-03-31 13F CLOUDFLARE CL A COM 18915M107 6,448,150 1,503,125 30.40 771,844 18.70 0.7895
2022-02-08 2021-12-31 13F CLOUDFLARE CL A COM 18915M107 4,945,025 2,386,240 93.26 650,271 125.60 0.6326
2021-11-15 2021-09-30 13F CLOUDFLARE CL A COM 18915M107 2,558,785 -300,181 -10.50 288,247 -4.74 0.3100
2021-10-12 2021-06-30 13F/A-1 CLOUDFLARE CL A COM 18915M107 2,858,966 15,471 0.54 302,593 51.46 0.3275
2021-08-16 2021-06-30 13F CLOUDFLARE CL A COM 18915M107 2,858,966 15,471 302,593 0.3121
2021-05-14 2021-03-31 13F CLOUDFLARE CL A COM 18915M107 2,843,495 127,827 4.71 199,784 -3.19 0.2419
2021-02-02 2020-12-31 13F CLOUDFLARE CL A COM 18915M107 2,715,668 -291,849 -9.70 206,364 67.11 0.2735
2020-11-05 2020-09-30 13F CLOUDFLARE CL A COM 18915M107 3,007,517 -178,105 -5.59 123,489 7.83 0.1978
2020-07-22 2020-06-30 13F CLOUDFLARE CL A COM 18915M107 3,185,622 2,058,554 182.65 114,523 332.75 0.1985
2020-05-06 2020-03-31 13F CLOUDFLARE CL A COM 18915M107 1,127,068 268,410 31.26 26,464 80.65 0.0600
2020-02-03 2019-12-31 13F CLOUDFLARE CL A COM 18915M107 858,658 858,658 14,649 0.0250
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.