Strategy Capital LLC: CLOUDFLARE INC (NET): Quarterly 13F Position History
As of Q1 2026, Strategy Capital LLC reported 1,138,617 shares of CLOUDFLARE INC (NET), worth $234.9M and representing 19.2% of its 13F equity book. Quarter-over-quarter share count change: + 96,518 (+9.3%) . The position first appeared in Q2 2021 and has been disclosed across 20 13F-HR filings in Pactolio's tracked window.
- 1,138,617Shares Held (Latest Filing)
- $234.9MReported Market Value (Latest Filing)
- 19.2%Portfolio Weight (% of 13F Equity Book)
- +96,518Quarter-over-Quarter Share Change
- +$29.5MQuarter-over-Quarter Value Change
- 1,502,330Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 20 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,138,617 | +96,518 | +9.3% | $234.9M | 19.2% | $206.3 |
| Q4 2025 | 1,042,099 | 120,839 | -10.4% | $205.4M | 15.2% | $197.2 |
| Q3 2025 | 1,162,938 | 3,004 | -0.3% | $249.6M | 16.5% | $214.6 |
| Q2 2025 | 1,165,942 | +70,021 | +6.4% | $228.3M | 15.4% | $195.8 |
| Q1 2025 | 1,095,921 | 71,319 | -6.1% | $123.5M | 11.8% | $112.7 |
| Q4 2024 | 1,167,240 | 40,728 | -3.4% | $125.7M | 10.2% | $107.7 |
| Q3 2024 | 1,207,968 | +102,358 | +9.3% | $97.7M | 9.4% | $80.9 |
| Q2 2024 | 1,105,610 | 265,266 | -19.4% | $91.6M | 9.0% | $82.8 |
| Q1 2024 | 1,370,876 | +27,622 | +2.1% | $132.7M | 13.5% | $96.8 |
| Q4 2023 | 1,343,254 | 92,128 | -6.4% | $111.8M | 12.2% | $83.3 |
| Q3 2023 | 1,435,382 | 3,352 | -0.2% | $90.5M | 12.6% | $63.0 |
| Q2 2023 | 1,438,734 | +85,404 | +6.3% | $94.1M | 13.0% | $65.4 |
| Q1 2023 | 1,353,330 | 149,000 | -9.9% | $83.4M | 13.3% | $61.7 |
| Q4 2022 | 1,502,330 | +32,094 | +2.2% | $67.9M | 13.9% | $45.2 |
| Q3 2022 | 1,470,236 | +147,654 | +11.2% | $81.3M | 13.9% | $55.3 |
| Q2 2022 | 1,322,582 | +631,506 | +91.4% | $57.9M | 10.1% | $43.7 |
| Q1 2022 | 691,076 | +122,003 | +21.4% | $82.7M | 10.0% | $119.7 |
| Q4 2021 | 569,073 | +41,115 | +7.8% | $74.8M | 7.1% | $131.5 |
| Q3 2021 | 527,958 | +17,851 | +3.5% | $59.5M | 5.6% | $112.6 |
| Q2 2021 | 510,107 | — | — | $54.0M | 5.5% | $105.8 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Strategy Capital LLC first disclose a NET position in 13F-HR filings?
Strategy Capital LLC first reported CLOUDFLARE INC (NET) on its 13F-HR filing for the period ending 2021-06-30 (Q2 2021). The position has appeared on 20 reported quarters within Pactolio's tracked window.
What was Strategy Capital LLC's most recent quarter-over-quarter share-count change in NET?
Between Q4 2025 and Q1 2026, Strategy Capital LLC added 96,518 shares of NET (+9.3%), bringing the total reported position to 1,138,617 shares at a market value of $234.9M.
Does the implied price-per-share represent Strategy Capital LLC's cost basis in NET?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.