Cloudflare, Inc.
MX ˙ BMV ˙ US18915M1071
SecurityMX:NET / Cloudflare, Inc.
InstitutionLegal & General Group Plc
Latest Disclosed Ownership2,954,174 shares
Latest Disclosed Value $ 609,564,268
Legal & General Group Plc reports 4.58% increase in ownership of NET / Cloudflare, Inc.

On May 8, 2026 - Legal & General Group Plc filed a 13F-HR form disclosing ownership of 2,954,174 shares of Cloudflare, Inc. (MX:NET) valued at $609,564,268 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 2,824,772 shares of Cloudflare, Inc.. This represents a change in shares of 4.58% 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.

Upgrade to unlock premium data and export to Excel .

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)
2026-05-08 2026-03-31 13F CLOUDFLARE CL A COM 18915M107 2,954,174 129,402 4.58 609,564 9.46 0.0756
2026-02-09 2025-12-31 13F CLOUDFLARE CL A COM 18915M107 2,824,772 131,127 4.87 556,904 -3.65 0.1235
2025-11-13 2025-09-30 13F CLOUDFLARE CL A COM 18915M107 2,693,645 -231,819 -7.92 578,029 0.90 0.1297
2025-08-12 2025-06-30 13F CLOUDFLARE CL A COM 18915M107 2,925,464 -100,484 -3.32 572,894 68.01 0.1422
2025-05-15 2025-03-31 13F CLOUDFLARE CL A COM 18915M107 3,025,948 -472,151 -13.50 340,994 -9.47 0.0929
2025-02-13 2024-12-31 13F CLOUDFLARE CL A COM 18915M107 3,498,099 -102,770 -2.85 376,675 29.32 0.0997
2025-02-28 2024-09-30 13F/A-2 CLOUDFLARE CL A COM 18915M107 3,600,869 540,906 17.68 291,274 14.92 0.0766
2024-11-14 2024-09-30 13F/A-1 CLOUDFLARE CL A COM 18915M107 4,123,705 669,290 333,566 0.0695
2024-11-14 2024-09-30 13F CLOUDFLARE CL A COM 18915M107 4,123,705 669,290 333,566 0.0695
2025-05-29 2024-06-30 13F/A-1 CLOUDFLARE CL A COM 18915M107 3,059,963 -32,242 -1.04 253,457 -15.35 0.0716
2024-08-14 2024-06-30 13F CLOUDFLARE CL A COM 18915M107 3,454,415 -31,550 286,129 0.0641
2025-05-29 2024-03-31 13F/A-2 CLOUDFLARE CL A COM 18915M107 3,092,205 -221,772 -6.69 299,417 8.52 0.0862
2024-07-01 2024-03-31 13F/A-1 CLOUDFLARE CL A COM 18915M107 3,485,965 -210,185 337,545 0.0788
2024-05-14 2024-03-31 13F CLOUDFLARE CL A COM 18915M107 3,485,965 -210,185 337,545 0.0406
2025-05-29 2023-12-31 13F/A-1 CLOUDFLARE CL A COM 18915M107 3,313,977 108,664 3.39 275,922 36.55 0.0857
2024-02-15 2023-12-31 13F CLOUDFLARE CL A COM 18915M107 3,696,150 490,837 307,741 0.0790
2023-11-14 2023-09-30 13F CLOUDFLARE CL A COM 18915M107 3,205,313 -62,999 -1.93 202,063 -5.42 0.0705
2023-08-14 2023-06-30 13F CLOUDFLARE CL A COM 18915M107 3,268,312 1,708,450 109.53 213,650 122.13 0.0695
2023-05-15 2023-03-31 13F CLOUDFLARE CL A COM 18915M107 1,559,862 -1,726,301 -52.53 96,181 -35.26 0.0344
2023-02-14 2022-12-31 13F CLOUDFLARE CL A COM 18915M107 3,286,163 -341,571 -9.42 148,567 -25.96 0.0570
2022-11-14 2022-09-30 13F CLOUDFLARE CL A COM 18915M107 3,627,734 959,837 35.98 200,650 71.91 0.0784
2022-08-22 2022-06-30 13F CLOUDFLARE CL A COM 18915M107 2,667,897 270,389 11.28 116,721 -59.33 0.0413
2022-05-16 2022-03-31 13F CLOUDFLARE CL A COM 18915M107 2,397,508 334,560 16.22 286,982 5.79 0.0873
2022-02-14 2021-12-31 13F CLOUDFLARE CL A COM 18915M107 2,062,948 -101,529 -4.69 271,278 11.26 0.0820
2021-11-15 2021-09-30 13F CLOUDFLARE CL A COM 18915M107 2,164,477 -124,965 -5.46 243,828 0.62 0.0793
2021-08-12 2021-06-30 13F CLOUDFLARE CL A COM 18915M107 2,289,442 714,385 45.36 242,315 118.97 0.0810
2021-05-17 2021-03-31 13F CLOUDFLARE CL A COM 18915M107 1,575,057 82,436 5.52 110,663 -2.43 0.0412
2021-02-12 2020-12-31 13F CLOUDFLARE CL A COM 18915M107 1,492,621 99,523 7.14 113,424 98.29 0.0444
2020-11-13 2020-09-30 13F CLOUDFLARE CL A COM 18915M107 1,393,098 76,793 5.83 57,201 20.88 0.0256
2020-08-14 2020-06-30 13F CLOUDFLARE CL A COM 18915M107 1,316,305 1,291,468 5,199.77 47,321 8,582.75 0.0229
2020-05-14 2020-03-31 13F CLOUDFLARE CL A COM 18915M107 24,837 -47,163 -65.50 545 -55.58 0.0003
2020-02-13 2019-12-31 13F CLOUDFLARE CL A COM 18915M107 72,000 72,000 1,227 0.0006
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.