Sands Capital Management, LLC / NET
Sands Capital Management, LLC’s Cloudflare Inc Position
Does Sands Capital Management, LLC own Cloudflare Inc (NET)? Yes — 3.66M shares worth $756M (+2.96% of its 13F portfolio) as of Q1 2026, down from 3.73M shares the prior filed quarter.
Position Value
$756M
Q1 2026
Shares
3.66M
% of Portfolio
+2.96%
Quarters Held
21
currently held
Position History NET
Reported value by quarter
| Quarter | Shares | Value | % of Portfolio |
|---|---|---|---|
| Q1 2026 | 3.66M | $756M | +2.96% |
| Q4 2025 | 3.73M | $736M | +2.24% |
| Q3 2025 | 3.81M | $817M | +2.25% |
| Q2 2025 | 4.93M | $965M | +2.77% |
| Q1 2025 | 6.43M | $724M | +2.46% |
| Q4 2024 | 7.77M | $836M | +2.47% |
| Q3 2024 | 6.34M | $513M | +1.56% |
| Q2 2024 | 6.47M | $536M | +1.57% |
| Q1 2024 | 6.47M | $626M | +1.75% |
| Q4 2023 | 10.59M | $882M | +2.68% |
| Q3 2023 | 11.01M | $694M | +2.36% |
| Q2 2023 | 11.40M | $746M | +2.31% |
| Q1 2023 | 14.66M | $904M | +2.98% |
| Q4 2022 | 15.45M | $698,681 | +2.64% |
| Q3 2022 | 15.96M | $883M | +3.31% |
| Q2 2022 | 15.64M | $684M | +2.37% |
| Q1 2022 | 13.55M | $1.6B | +3.73% |
| Q4 2021 | 8.82M | $1.2B | +2.15% |
| Q3 2021 | 8.32M | $938M | +1.56% |
| Q2 2021 | 1.03M | $109M | +0.19% |
| Q1 2021 | 917.7K | $64M | +0.12% |
Common-stock position only; options are excluded. Quarters where the fund filed no 13F or reported no position are absent. See Sands Capital Management, LLC’s full portfolio or all institutional holders of NET.