Cloudflare, Inc.
US ˙ NYSE ˙ US18915M1071

SecurityNET / Cloudflare, Inc.
InstitutionFranklin Resources Inc
Latest Disclosed Ownership3,350,775 shares
Latest Disclosed Value $ 691,398,992
Franklin Resources Inc reports 6.29% decrease in ownership of NET / Cloudflare, Inc.

On May 13, 2026 - Franklin Resources Inc filed a 13F-HR form disclosing ownership of 3,350,775 shares of Cloudflare, Inc. (US:NET) valued at $691,398,914 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 3,575,711 shares of Cloudflare, Inc.. This represents a change in shares of -6.29% during the quarter. The current value of the position is $889,061,131 USD.

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 3,350,775 -224,936 -6.29 691,399 -1.92 0.1693
2026-02-11 2025-12-31 13F CLOUDFLARE CL A COM 18915M107 3,575,711 410,175 12.96 704,951 3.78 0.1730
2025-11-13 2025-09-30 13F CLOUDFLARE CL A COM 18915M107 3,165,536 -372,795 -10.54 679,292 -1.97 0.1694
2025-08-12 2025-06-30 13F CLOUDFLARE CL A COM 18915M107 3,538,331 66,653 1.92 692,911 77.11 0.1837
2025-05-13 2025-03-31 13F CLOUDFLARE CL A COM 18915M107 3,471,678 192,977 5.89 391,223 10.81 0.1126
2025-02-12 2024-12-31 13F CLOUDFLARE CL A COM 18915M107 3,278,701 1,260,669 62.47 353,051 86.61 0.0980
2024-11-27 2024-09-30 13F/A-1 CLOUDFLARE CL A COM 18915M107 2,018,032 -143,259 -6.63 189,191 5.68 0.0531
2024-11-12 2024-09-30 13F CLOUDFLARE CL A COM 18915M107 2,018,032 -143,259 189,191 0.0091
2024-08-14 2024-06-30 13F CLOUDFLARE CL A COM 18915M107 2,161,291 56,382 2.68 179,020 -12.17 0.0550
2024-05-13 2024-03-31 13F CLOUDFLARE CL A COM 18915M107 2,104,909 -317,283 -13.10 203,818 1.06 0.0645
2024-02-09 2023-12-31 13F CLOUDFLARE CL A COM 18915M107 2,422,192 -129,716 -5.08 201,672 25.36 0.0943
2023-11-13 2023-09-30 13F CLOUDFLARE CL A COM 18915M107 2,551,908 59,387 2.38 160,872 -1.27 0.0817
2023-08-11 2023-06-30 13F CLOUDFLARE CL A COM 18915M107 2,492,521 -654,918 -20.81 162,936 -16.04 0.0775
2023-05-12 2023-03-31 13F CLOUDFLARE CL A COM 18915M107 3,147,439 -187,695 -5.63 194,071 28.71 0.0974
2023-02-10 2022-12-31 13F CLOUDFLARE CL A COM 18915M107 3,335,134 -98,764 -2.88 150,781 -20.61 0.0784
2022-11-14 2022-09-30 13F CLOUDFLARE CL A COM 18915M107 3,433,898 441,985 14.77 189,929 45.10 0.1035
2022-08-11 2022-06-30 13F CLOUDFLARE CL A COM 18915M107 2,991,913 369,048 14.07 130,897 -58.31 0.0649
2022-05-13 2022-03-31 13F CLOUDFLARE CL A COM 18915M107 2,622,865 -1,079,671 -29.16 313,956 -35.52 0.1255
2022-02-11 2021-12-31 13F CLOUDFLARE CL A COM 18915M107 3,702,536 1,315,670 55.12 486,884 81.08 0.1756
2021-11-12 2021-09-30 13F CLOUDFLARE CL A COM 18915M107 2,386,866 -152,435 -6.00 268,881 0.05 0.1012
2021-08-13 2021-06-30 13F CLOUDFLARE CL A COM 18915M107 2,539,301 69,887 2.83 268,760 54.90 0.1027
2021-05-13 2021-03-31 13F CLOUDFLARE CL A COM 18915M107 2,469,414 79,571 3.33 173,502 -4.46 0.0706
2021-02-10 2020-12-31 13F CLOUDFLARE CL A COM 18915M107 2,389,843 -764,522 -24.24 181,604 40.22 0.0769
2020-11-12 2020-09-30 13F CLOUDFLARE CL A COM 18915M107 3,154,365 -865,326 -21.53 129,518 -15.30 0.0627
2020-08-13 2020-06-30 13F CLOUDFLARE CL A COM 18915M107 4,019,691 -1,436,481 -26.33 152,909 19.36 0.0788
2020-05-13 2020-03-31 13F CLOUDFLARE CL A COM 18915M107 5,456,172 -469,466 -7.92 128,111 28.70 0.0855
2020-03-11 2019-12-31 13F/A-1 CLOUDFLARE CL A COM 18915M107 5,925,638 3,069,938 107.50 99,545 87.73 0.0523
2020-02-12 2019-12-31 13F CLOUDFLARE CL A COM 18915M107 5,925,638 99,545
2019-11-14 2019-09-30 13F CLOUDFLARE CL A COM 18915M107 2,855,700 2,855,700 53,025 0.0288
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.