Cloudflare, Inc.
US ˙ NYSE ˙ US18915M1071

SecurityNET / Cloudflare, Inc.
InstitutionKBC Group NV
Latest Disclosed Ownership336,353 shares
Latest Disclosed Value $ 69,403
KBC Group NV reports 64.10% decrease in ownership of NET / Cloudflare, Inc.

On May 7, 2026 - KBC Group NV filed a 13F-HR form disclosing ownership of 336,353 shares of Cloudflare, Inc. (US:NET) valued at $69,403,078 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 936,921 shares of Cloudflare, Inc.. This represents a change in shares of -64.10% during the quarter. The current value of the position is $89,244,541 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)
2026-05-07 2026-03-31 13F CLOUDFLARE CL A COM 18915M107 336,353 -600,568 -64.10 69 -62.50 0.0895
2026-01-26 2025-12-31 13F CLOUDFLARE CL A COM 18915M107 936,921 117,155 14.29 185 5.14 0.4212
2026-01-20 2025-09-30 13F CLOUDFLARE CL A COM 18915M107 819,766 83,613 11.36 176 21.53 0.4219
2025-08-08 2025-06-30 13F CLOUDFLARE CL A COM 18915M107 736,153 686,702 1,388.65 144 2,780.00 0.3894
2025-04-25 2025-03-31 13F CLOUDFLARE CL A COM 18915M107 49,451 8,796 21.64 6 25.00 0.0173
2025-01-22 2024-12-31 13F CLOUDFLARE CL A COM 18915M107 40,655 3,418 9.18 4 33.33 0.0121
2024-11-06 2024-09-30 13F CLOUDFLARE CL A COM 18915M107 37,237 329 0.89 3 0.00 0.0091
2024-07-17 2024-06-30 13F CLOUDFLARE CL A COM 18915M107 36,908 -2,290 -5.84 3 0.00 0.0092
2024-05-08 2024-03-31 13F CLOUDFLARE CL A COM 18915M107 39,198 4,032 11.47 4 50.00 0.0121
2024-02-13 2023-12-31 13F CLOUDFLARE CL A COM 18915M107 35,166 -7,622 -17.81 3 0.00 0.0104
2024-02-15 2023-09-30 13F/A-1 CLOUDFLARE CL A COM 18915M107 42,788 -148,116 -77.59 3 -83.33 0.0110
2023-11-22 2023-09-30 13F CLOUDFLARE CL A COM 18915M107 190,655 0 12 0.0519
2024-02-15 2023-06-30 13F/A-1 CLOUDFLARE CL A COM 18915M107 190,904 113,238 145.80 12 200.00 0.0513
2023-07-28 2023-06-30 13F CLOUDFLARE CL A COM 18915M107 190,655 113,238 12 0.0519
2024-02-14 2023-03-31 13F/A-1 CLOUDFLARE CL A COM 18915M107 77,666 35,732 85.21 5 300.00 0.0203
2023-05-04 2023-03-31 13F CLOUDFLARE CL A COM 18915M107 77,417 -132,241 5 0.0225
2024-02-14 2022-12-31 13F/A-1 CLOUDFLARE CL A COM 18915M107 41,934 -167,973 -80.02 2 -90.91 0.0092
2023-02-13 2022-12-31 13F CLOUDFLARE CL A COM 18915M107 209,658 -249 12 0.0001
2024-02-15 2022-09-30 13F/A-1 CLOUDFLARE CL A COM 18915M107 209,907 -204,955 -49.40 12 -38.89 0.0603
2022-11-08 2022-09-30 13F CLOUDFLARE CL A COM 18915M107 209,658 -205,204 11,596 0.0606
2024-02-14 2022-06-30 13F/A-1 CLOUDFLARE CL A COM 18915M107 414,862 -410,556 -49.74 18 -81.63 0.0905
2022-07-26 2022-06-30 13F CLOUDFLARE CL A COM 18915M107 413,173 -412,245 18,076 0.0910
2024-02-14 2022-03-31 13F/A-1 CLOUDFLARE CL A COM 18915M107 825,418 681,636 474.08 99 444.44 0.3906
2022-05-06 2022-03-31 13F CLOUDFLARE CL A COM 18915M107 825,418 681,636 98,803 0.3648
2024-02-14 2021-12-31 13F/A-1 CLOUDFLARE CL A COM 18915M107 143,782 -32,312 -18.35 19 -99.91 0.0624
2022-02-03 2021-12-31 13F CLOUDFLARE CL A COM 18915M107 143,782 -32,312 18,907 0.0592
2021-11-10 2021-09-30 13F CLOUDFLARE CL A COM 18915M107 176,094 151,101 604.57 19,837 649.98 0.0727
2022-02-15 2021-06-30 13F/A-1 CLOUDFLARE CL A COM 18915M107 24,993 0 0.00 2,645 50.63 0.0095
2021-08-11 2021-06-30 13F CLOUDFLARE CL A COM 18915M107 24,993 0 2,645 0.0095
2022-02-14 2021-03-31 13F/A-1 CLOUDFLARE CL A COM 18915M107 24,993 700 2.88 1,756 -90.49 0.0071
2021-04-26 2021-03-31 13F CLOUDFLARE INC - CL A COM 18915M107 24,993 700 1,756 0.0071
2022-02-14 2020-12-31 13F/A-1 CLOUDFLARE CL A COM 18915M107 24,293 24,293 18,460 0.0087
2021-02-10 2020-12-31 13F CLOUDFLARE CL A COM 18915M107 24,293 24,293 1,846 0.0085
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.