Question 1

How many shares of NET does SANDS CAPITAL MANAGEMENT, LLC own?

Accepted Answer

As of 2026-Q2, SANDS CAPITAL MANAGEMENT, LLC holds 3.2M shares of NET (CLOUDFLARE INC).

Question 2

What is SANDS CAPITAL MANAGEMENT, LLC's NET position worth?

Accepted Answer

As of 2026-Q2, SANDS CAPITAL MANAGEMENT, LLC's NET position is worth $794.6M.

Question 3

Is SANDS CAPITAL MANAGEMENT, LLC buying or selling NET?

Accepted Answer

In 2026-Q2, SANDS CAPITAL MANAGEMENT, LLC decreased their NET position (-11.5% change in shares).

Question 4

When did SANDS CAPITAL MANAGEMENT, LLC first buy NET?

Accepted Answer

Based on available 13F filings, SANDS CAPITAL MANAGEMENT, LLC first reported a position in NET in 2024-Q3. They have held the position across 22 quarters.

Quarter	Action	Shares	Change	Value	Weight	Price	Conviction
2026-Q2 Latest	Decreased	3.2M	-11.5%	$794.6M	3.0%	$245.28	0
2026-Q1	Decreased	3.7M	-1.9%	$755.6M	3.0%	$178.91	0
2025-Q4	Decreased	3.7M	-2.0%	$735.6M	2.2%	$199.62	0
2025-Q3	Decreased	3.8M	-22.7%	$817.2M	2.3%	$218.58	0
2025-Q2	Decreased	4.9M	-23.3%	$965.2M	2.8%	$194.05	0
2025-Q1	Decreased	6.4M	-17.2%	$724.3M	2.5%	$114.92	0
2024-Q4	Increased	7.8M	+22.4%	$836.2M	2.5%	$109.03	66
2024-Q3	Decreased	6.3M	-1.9%	$513.2M	1.6%	$81.59	0