As 2D materials such as graphene, transition metal dichalcogenides, and 2D polymers become more prevalent, solution processing and colloidal-state properties are being exploited to create advanced and functional materials. However, our understanding of the fundamental behavior of 2D sheets and membranes in fluid flow is still lacking. In this work, we perform numerical simulations of athermal semiflexible sheets with hydrodynamic interactions in shear flow. For sheets initially oriented in the flow-gradient plane, we find buckling instabilities of different mode numbers that vary with bending stiffness and can be understood with a quasi-static model of elasticity. For different initial orientations, chaotic tumbling trajectories are observed. Notably, we find that sheets fold or crumple before tumbling but do not stretch again upon applying greater shear.