Vision Capital Fund released its third-quarter 2025 investor letter, boasting a +15.6% net return YTD compared to the S&P 500’s +14.8%. Since inception, the fund has returned +27.8% net. In the letter, Cloudflare, Inc. (NYSE:NET) was highlighted, with a one-month return of -12.38% and shares gaining 85.13% over the last 52 weeks. Cloudflare closed at $205.86 per share on December 8, 2025. The fund also added a new position in Cloudflare, praising its connectivity and security services. Cloudflare is not among the 30 most popular stocks among hedge funds, but its revenue increased 30.7% year-over-year to $562 million in Q3 2025.

Read more at Yahoo Finance: Here’s What Drove Vision Capital Fund to Pick Cloudflare (NET)