Cloudflare, Inc.
MX ˙ BMV ˙ US18915M1071
SecurityMX:NET / Cloudflare, Inc.
InstitutionKestra Advisory Services, LLC
Latest Disclosed Ownership21,970 shares
Latest Disclosed Value $ 4,533,290
Kestra Advisory Services, LLC reports 15.68% decrease in ownership of NET / Cloudflare, Inc.

On April 30, 2026 - Kestra Advisory Services, LLC filed a 13F-HR form disclosing ownership of 21,970 shares of Cloudflare, Inc. (MX:NET) valued at $4,533,290 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 26,057 shares of Cloudflare, Inc.. This represents a change in shares of -15.68% 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)
2026-04-30 2026-03-31 13F CLOUDFLARE CL A COM 18915M107 21,970 -4,087 -15.68 4,533 -11.76 0.0172
2026-02-13 2025-12-31 13F CLOUDFLARE CL A COM 18915M107 26,057 228 0.88 5,137 -7.31 0.0212
2025-11-14 2025-09-30 13F CLOUDFLARE CL A COM 18915M107 25,829 -1,429 -5.24 5,543 3.84 0.0254
2025-08-15 2025-06-30 13F CLOUDFLARE CL A COM 18915M107 27,258 466 1.74 5,338 76.78 0.0260
2025-05-14 2025-03-31 13F CLOUDFLARE CL A COM 18915M107 26,792 2,359 9.65 3,019 14.79 0.0146
2025-02-10 2024-12-31 13F CLOUDFLARE CL A COM 18915M107 24,433 1,586 6.94 2,631 42.32 0.0144
2024-11-13 2024-09-30 13F CLOUDFLARE CL A COM 18915M107 22,847 -609 -2.60 1,848 -4.84 0.0102
2024-08-14 2024-06-30 13F CLOUDFLARE CL A COM 18915M107 23,456 216 0.93 1,943 -13.69 0.0109
2024-05-15 2024-03-31 13F CLOUDFLARE CL A COM 18915M107 23,240 2,346 11.23 2,250 29.38 0.0151
2024-02-14 2023-12-31 13F CLOUDFLARE CL A COM 18915M107 20,894 -921 -4.22 1,740 26.47 0.0141
2023-11-13 2023-09-30 13F CLOUDFLARE CL A COM 18915M107 21,815 -1,204 -5.23 1,375 -8.58 0.0135
2023-08-11 2023-06-30 13F CLOUDFLARE CL A COM 18915M107 23,019 1,090 4.97 1,505 11.24 0.0151
2023-05-12 2023-03-31 13F CLOUDFLARE CL A COM 18915M107 21,929 -10,651 -32.69 1,352 -8.15 0.0147
2023-01-31 2022-12-31 13F CLOUDFLARE CL A COM 18915M107 32,580 5,919 22.20 1,473 147,100.00 0.0131
2022-11-01 2022-09-30 13F/A-1 CLOUDFLARE CL A COM 18915M107 26,661 1,133 4.44 1 0.00 0.0158
2022-11-01 2022-09-30 13F CLOUDFLARE CL A COM 18915M107 26,661 1,133 1,475 0.0158
2022-08-12 2022-06-30 13F CLOUDFLARE CL A COM 18915M107 25,528 -7,173 -21.94 1 -66.67 0.0115
2022-07-20 2022-03-31 13F/A-1 CLOUDFLARE CL A COM 18915M107 32,701 4,517 16.03 4 0.00 0.0408
2022-04-26 2022-03-31 13F CLOUDFLARE CL A COM 18915M107 32,701 4,517 3,914 0.0407
2022-07-25 2021-12-31 13F/A-1 CLOUDFLARE CL A COM 18915M107 28,184 -2,516 -8.20 4 0.00 0.0375
2022-01-20 2021-12-31 13F CLOUDFLARE CL A COM 18915M107 28,184 -2,516 3,706 0.0375
2022-07-25 2021-09-30 13F/A-1 CLOUDFLARE CL A COM 18915M107 30,700 9,490 44.74 3 50.00 0.0346
2021-10-19 2021-09-30 13F CLOUDFLARE CL A COM 18915M107 30,700 9,490 3,458 0.0346
2022-07-26 2021-06-30 13F/A-1 CLOUDFLARE CL A COM 18915M107 21,210 543 2.63 2 100.00 0.0255
2021-07-28 2021-06-30 13F CLOUDFLARE CL A COM 18915M107 21,210 543 2,245 0.0255
2022-07-27 2021-03-31 13F/A-1 CLOUDFLARE CL A COM 18915M107 20,667 -7,237 -25.94 1 -50.00 0.0184
2021-05-10 2021-03-31 13F CLOUDFLARE CL A COM 18915M107 20,667 -7,237 1,452 0.0184
2022-07-28 2020-12-31 13F/A-1 CLOUDFLARE CL A COM 18915M107 27,904 10,901 64.11 2 -100.00 0.0251
2021-01-20 2020-12-31 13F CLOUDFLARE CL A COM 18915M107 27,904 10,901 2,163 0.0251
2022-07-29 2020-09-30 13F/A-1 CLOUDFLARE CL A COM 18915M107 17,003 17,003 698,000 0.0130
2020-11-12 2020-09-30 13F CLOUDFLARE CL A COM 18915M107 17,003 17,003 698 0.0130
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.