What smart money is saying about Cloudflare, Inc.
8 funds in our archive have pitched Cloudflare, Inc., most recently Artisan Partners U.S. Mid-Cap Growth Strategy in September 2026.
Cloudflare, Inc. functions as a global provider of cloud-based services. The company delivers a comprehensive, integrated cloud security platform designed to safeguard a diverse array of digital environments, encompassing public and private clouds, on-premises infrastructure, Software-as-a-Service (SaaS) applications, and Internet of Things (IoT) devices. Its security portfolio features tools such as cloud firewalls, bot mitigation, distributed denial-of-service (DDoS) protection, IoT security, SSL/TLS encryption, secure origin connections, and rate limiting capabilities. Beyond security, Cloudflare also boosts online performance through services like content delivery networks (CDNs), intelligent routing, and various content, mobile, and image optimization tools. For enhanced reliability and availability, it provides solutions such as load balancing, its proprietary Anycast network, a virtual backbone, DNS services, DNS resolvers, and virtual waiting rooms. Furthermore, the company offers internal infrastructure tools, including "on-ramps" that facilitate seamless connections for users, devices, or locations to its expansive network, alongside "filters" engineered for data protection, inspection, and access management. Developer-centric solutions encompass serverless computing, programmable networks, website creation, domain registration, a suite of Cloudflare applications, advanced analytics, and data localization management. For individual consumers, Cloudflare provides a DNS Resolver application to improve internet browsing and a Consumer VPN to secure and speed up mobile device traffic. Its clientele spans a broad spectrum of industries, including technology, healthcare, financial services, consumer and retail, non-profit organizations, and government agencies. Established in 2009, Cloudflare, Inc. is headquartered in San Francisco, California.
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Fund signal · last 12 months
25 lettersMore funds are buying than selling
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q1 2025 and Q4 2026, 28 fund letters reported a position in Cloudflare, Inc., with 5 buys (opened or added) and 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q4 2026 | 1 | 0 | 0 | 0 |
| Q3 2026 | 12 | 1 | 1 | 3 |
| Q2 2026 | 7 | 3 | 0 | 2 |
| Q4 2025 | 5 | 0 | 0 | 0 |
| Q3 2025 | 0 | 0 | 0 | 1 |
| Q2 2025 | 2 | 1 | 1 | 1 |
| Q1 2025 | 1 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 28 positions · 7 moves
- October 2026
Listed in Malborough Multi-Cap Growth’s reported holdings.
Cloudflare, Inc. - September 2026
“The Strategy owns Cloudflare Inc and Snowflake, Inc.”
Cloudflare, Inc. - HoldsVision Capital FundSeptember 2026
“Fund Commentary. The top 5 QTD detractors were: Pro Medicus (PME), Tesla (TSLA), The Trade Desk (TTD), Nu (NU), and Wise (WISE). The top 5 QTD contributors were: Palantir (PLTR), CrowdStrike (CRWD), Shopify (SHOP), Cloudflare (NET), and Meta (META).”
Cloudflare, Inc. - September 2026
“Our selectivity, holding through the noise in names like CrowdStrike and adding where conviction was high to names like Snowflake and Cloudflare, has served our clients well.”
Cloudflare, Inc. - September 2026
“More positively, there was very little thematic consistency among the companies that performed well. B3, the operator of Brazil’s stock exchange, life-science tools company Thermo Fisher, and software and networking businesses Samsara and Cloudflare all made positive contributions.”
Cloudflare, Inc. - September 2026
“Cloudflare and Meta also contributed positively following strong results.”
Cloudflare, Inc. - September 2026
“Cloudflare Inc, Repligen Corporation, and Snowflake, Inc., were among the top contributors to performance.”
Cloudflare, Inc. - September 2026
“Among our top contributors in Q3 were Twist Bioscience, Cloudflare and Robinhood.”
Cloudflare, Inc. - September 2026
“Software and technology-related holdings were among the strongest contributors. CrowdStrike, Shopify and ServiceNow all delivered strong gains following encouraging operational performance and continued demand for cloud, cybersecurity and digital transformation solutions. Cloudflare also fared well as investors continued to recognise the company’s role in edge computing, data security and the delivery of AI-enabled applications.”
Cloudflare, Inc. - September 2026
“Cloudflare also fared well as investors continued to recognise the company’s role in edge computing, data security and the delivery of AI-enabled applications.”
Cloudflare, Inc. - September 2026
“Cloudflare operates a global cloud platform that helps businesses improve the security, speed, and reliability of their websites and applications.”
Cloudflare, Inc. - September 2026
“During the third quarter of 2026, the Polen 5Perspectives Large Growth Composite Portfolio (the “Portfolio”) returned 0.0% net of fees compared to the 0.9% return of the Russell 1000 Growth Index. • The top contributors to relative performance in the period were CrowdStrike, Cloudflare, and Micron Technology (underweight).”
Cloudflare, Inc. - September 2026
“Regarding the omnipresent Artificial Intelligence investment theme, focus this quarter was on cybersecurity as the now-infamous Hugging Face incident sent shockwaves through technologists, politicians, and investors. Fortunately, the fund had meaningful investments in cybersecurity, observability, and enterprise data. Although we continue to believe this area remains a critical and growing category into the future, we reduced investment exposure to the group, including CrowdStrike and Cloudflare, selling into strength as we manage the risk reward opportunity in the portfolio.”
Cloudflare, Inc. - AddedVision Capital FundJune 2026
“We had strong inflows in early Q2 from our largest investors (us included) seeking to take advantage of buying opportunities. We deployed some of that new capital to 10 of our existing positions (in alphabetical order): Cloudflare (NET), MercadoLibre (MELI), Meta (META), Nu (NU), Palantir (PLTR), Pro Medicus (PME), Sea Limited (SE), ServiceNow (NOW), Shopify (SHOP), and Zscaler (ZS).”
Cloudflare, Inc. - New positionClearBridge Investments Growth StrategyJune 2026
“Within IT, we used proceeds from the exits of Palantir Technologies and DocuSign to initiate a position in Cloudflare.”
Cloudflare, Inc. - June 2026
“We exited Zscaler when its core business decelerated faster than we expected. We have growing concern around an intensifying competitive environment as Cloudflare (a current holding) maintains momentum and the larger Palo Alto competes with scale and a broad product portfolio.”
Cloudflare, Inc. - June 2026
“We continue to run a high-conviction portfolio with an emphasis on the secular trends cited and listed. Among others, during the second quarter we initiated or added to the following positions: • Semiconductors and cloud compute services: Micron Technology, Inc. and Cerebras Systems Inc. • Power generation and energy infrastructure/aerospace: Fervo Energy Company and DPC Holdings Limited • Digital content, commerce, and AI services: Alphabet Inc., Spotify Technology S.A., and Shopify Inc. • Health care real estate and digital services: Welltower Inc. • Cybersecurity and systems software: Rubrik, Inc., CrowdStrike Holdings, Inc., and Cloudflare, Inc.”
Cloudflare, Inc. - June 2026
“TOP DETRACTORS Cloudflare, Inc. detracted from relative performance as the fund’s positioning limited participation in a strong benchmark holding within cloud infrastructure and cybersecurity.”
Cloudflare, Inc. - June 2026
“A big chunk of stock market capital has been pursuing defence stocks recently. But in a market prone to chasing thematic labels, there’s an important distinction to be made between the companies enjoying a short-term sugar rush from a related index classification, and those that preside over enduring bottlenecks. We believe that Cloudflare sits firmly in the latter camp.”
Cloudflare, Inc. - June 2026
“We can already see how constraints are driving innovation. Cloudflare's network, which operates in the periphery of the cloud, is one example.”
Cloudflare, Inc. - December 2025
“Cloudflare is building a global edge network that improves application performance and also provides integrated security services against a wide range of online threats.”
Cloudflare, Inc. - December 2025
“Cloudflare is building a global edge network that improves application performance and also provides integrated security services against a wide range of online threats.”
Cloudflare, Inc. - December 2025
“Within our global strategies, we own several leaders that we believe are well-positioned for this long-term demand. Palo Alto Networks is evolving from a focus on network security to a broader, cloud-delivered platform that helps customers secure complex hybrid environments. Cloudflare is building a global edge network that improves application performance and also provides integrated security services against a wide range of online threats.”
Cloudflare, Inc. - December 2025
“Cyberattacks have become more frequent and costly. They have also become increasingly sophisticated. As more activity moves to the cloud and as AI tools spread, the attack surface for enterprises, governments, and individuals grows in scale and complexity. Security is no longer a discretionary budget item. It is a core operating requirement and a foundation for trust with customers, regulators, and partners. Within our global strategies, we own several leaders that we believe are well-positioned for this long-term demand.”
Cloudflare, Inc. - December 2025
“Within our global strategies, we own several leaders that we believe are well-positioned for this long-term demand. Palo Alto Networks is evolving from a focus on network security to a broader, cloud-delivered platform that helps customers secure complex hybrid environments. Cloudflare is building a global edge network that improves application performance and also provides integrated security services against a wide range of online threats.”
Cloudflare, Inc. - New positionBrown Advisory US Mid Cap Growth FundJune 2025
“ Cloudflare has capitalized on its leading global Content Delivery Network (CDN)—a distributed system of servers that stores and delivers content efficiently to end users—to build a strong cybersecurity business.”
Cloudflare, Inc. - TrimmedBaron Global Advantage FundJune 2025
“Top net sales for the quarter Quarter End Market Cap ($B) Net Amount Sold ($M) Cloudflare, Inc. 67.9 25.2 Snowflake Inc. 74.7 4.4 BILL Holdings, Inc. 4.8 4.3 Fiverr International Ltd. 1.1 1.3 Wix.com Ltd. 8.8 1.2 While we continue to believe that Cloudflare, Inc. (up 74% during the quarter) and Snowflake Inc. (up 53% during the quarter) are high-quality businesses with significant opportunities ahead, we took advantage of market volatility to manage position sizing and to reallocate to other ideas.”
Cloudflare, Inc. - HoldsTouchstone Sands Capital Select Growth FundMarch 2025
“Among the top individual absolute contributors to Select Growth’s results were Spotify Technology S.A., Sea Ltd. (both Communication Services sector), Intercontinental Exchange Inc. (Financials sector), Uber Technologies Inc. (Industrials sector), and Cloudflare Inc. (Information Technology sector).”
Cloudflare, Inc.
Fund coverage · 8 theses
- Artisan Partners U.S. Mid-Cap Growth StrategySeptember 2026
Cloudflare, Inc. runs an integrated global cloud platform and is expected to benefit from cybersecurity and AI-enabled application demand.
Read the full thesis - Polen Capital 5Perspectives Large GrowthSeptember 2026
Cloudflare operates a global cloud network, and accelerating growth plus rising machine-driven traffic support a larger long-term opportunity.
Read the full thesis - Alger Mid Cap Growth FundSeptember 2026
Cloudflare benefits from its global network, expanding product suite, and AI-driven demand across security, networking, and developer services.
Read the full thesis Cloudflare has a self-reinforcing moat built on global infrastructure, a large developer ecosystem, and improving AI-era threat intelligence.
Read the full thesis- Baillie Gifford Global AlphaJune 2026
Cloudflare is cited as an example of a network at the cloud edge benefiting from constraints that are driving AI infrastructure innovation.
Read the full thesis - Vision CapitalSeptember 2025
Cloudflare Inc (NYSE: NET) is a leading connectivity cloud provider that offers a comprehensive suite of networking and security SaaS products, leveraging a global infrastructure to enhance performance, security, and reliability for over 265,000 paying customers.
Read the full thesis Cloudflare is leveraging its leading CDN to expand into cybersecurity and scale its serverless edge computing platform, 'Workers,' with significant growth potential in emerging sectors like AI.
Read the full thesis- Liontrust GF Global Technology FundMarch 2025
Cloudflare is a rapidly growing global cloud platform with a vast network that enhances web security and performance, showing consistent revenue growth and strong enterprise demand for its services.
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