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Palo Alto Networks Inc

PANW
Exchange
Nasdaq
Industry
Computer Peripheral Equipment, NEC
SEC CIK
0001327567

In the last 90 days, Palo Alto Networks Inc insiders filed 0 open-market purchases and 8 sales; 2,922 institutions reported holding it in 13F filings for Q2 2026, worth $227.1B in total; superinvestors Duquesne Family Office and Maverick Capital hold it.

13F holders, Q3 2025

Institutional positions in Palo Alto Networks Inc as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
2,434
+103 vs. Q2 2025
Shares held
551.1M
+30.6M (+5.9%) vs. Q2 2025
Total value
$112.2B
+$5.80B (+5.5%) vs. Q2 2025
New holders
239
1,246 more added
Sold out
136
653 more reduced

46 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting PANW on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 2,434 institutions
Q1 2021: 968 institutionsQ2 2021: 987 institutionsQ3 2021: 1,093 institutionsQ4 2021: 1,226 institutionsQ1 2022: 1,317 institutionsQ2 2022: 1,330 institutionsQ3 2022: 1,356 institutionsQ4 2022: 1,378 institutionsQ1 2023: 1,472 institutionsQ2 2023: 1,594 institutionsQ3 2023: 1,638 institutionsQ4 2023: 1,840 institutionsQ1 2024: 1,902 institutionsQ2 2024: 2,012 institutionsQ3 2024: 2,070 institutionsQ4 2024: 2,296 institutionsQ1 2025: 2,261 institutionsQ2 2025: 2,377 institutionsQ3 2025: 2,434 institutionsQ4 2025: 2,536 institutionsQ1 2026: 2,482 institutionsQ2 2026: 2,922 institutions
Value heldQ3 2025: $112.2B
Q1 2021: $26.2BQ2 2021: $30.3BQ3 2021: $41.0BQ4 2021: $46.6BQ1 2022: $53.6BQ2 2022: $42.9BQ3 2022: $41.6BQ4 2022: $35.1BQ1 2023: $51.2BQ2 2023: $68.5BQ3 2023: $62.0BQ4 2023: $76.5BQ1 2024: $70.1BQ2 2024: $84.1BQ3 2024: $85.2BQ4 2024: $92.9BQ1 2025: $87.7BQ2 2025: $107.3BQ3 2025: $112.2BQ4 2025: $106.6BQ1 2026: $103.3BQ2 2026: $227.1B
Institutions holding PANW and their total value by quarter
QuarterHoldersValue
Q2 20262,922$227.1B
Q1 20262,482$103.3B
Q4 20252,536$106.6B
Q3 20252,434$112.2B
Q2 20252,377$107.3B
Q1 20252,261$87.7B
Q4 20242,296$92.9B
Q3 20242,070$85.2B
Q2 20242,012$84.1B
Q1 20241,902$70.1B
Q4 20231,840$76.5B
Q3 20231,638$62.0B
Q2 20231,594$68.5B
Q1 20231,472$51.2B
Q4 20221,378$35.1B
Q3 20221,356$41.6B
Q2 20221,330$42.9B
Q1 20221,317$53.6B
Q4 20211,226$46.6B
Q3 20211,093$41.0B
Q2 2021987$30.3B
Q1 2021968$26.2B

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Palo Alto Networks Inc; share changes are against Q2 2025.

Institutions holding PANW in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Davis R M Inc698,384$142.2M2.49%−6,747−1.0%Reduced
Bridges Investment Management Inc687,322$140.0M1.79%−10,996−1.6%Reduced
Korea Investment CORP674,618$137.4M0.28%+1,589+0.2%Added
Mariner, LLC674,525$137.3M0.18%+18,975+2.9%Added
National Bank of Canada674,373$137.3M0.16%+78,811+13.2%Added
American Century Companies Inc672,129$136.9M0.07%+384,985+134.1%Added
Zurcher Kantonalbank (Zurich Cantonalbank)671,326$136.7M0.31%+195,921+41.2%Added
Penserra Capital Management LLC668,312$136.1M1.63%+22,088+3.4%Added
Robeco Institutional Asset Management B.V.657,413$133.9M0.19%−196,640−23.0%Reduced
Wellington Management Group LLP627,658$127.8M0.02%+11,047+1.8%Added
State Board of Administration of Florida Retirement System600,622$122.3M0.21%−28,234−4.5%Reduced
Standard Life Aberdeen plc599,143$122.0M0.19%+37,654+6.7%Added
DJE Kapital AG585,752$118.4M2.89%00.0%Unchanged
Ensign Peak Advisors, Inc581,188$118.3M0.19%+59,706+11.4%Added
Russell Investments Group, Ltd.576,449$117.4M0.13%−127,805−18.1%Reduced
Huntington National Bank571,766$116.4M0.71%+18,436+3.3%Added
Altshuler Shaham Ltd570,400$116.1M1.92%−773,324−57.6%Reduced
Heritage Investors Management Corp565,052$115.1M3.44%−1,596−0.3%Reduced
Federated Hermes, Inc.560,561$114.1M0.20%−567,753−50.3%Reduced
Congress Asset Management Co557,114$113.4M0.75%−3,782−0.7%Reduced
Alpha Cubed Investments, LLC554,585$112.9M3.94%+39,975+7.8%Added
Commonwealth Equity Services, LLC541,945$110.4M0.14%−9,395−1.7%Reduced
Davenport & Co LLC540,158$110.0M0.59%+5,386+1.0%Added
Aviva PLC539,574$109.9M0.20%+44,834+9.1%Added
Colony Group, LLC536,325$109.2M0.18%+36,649+7.3%Added
Employees Retirement System of Texas534,256$108.8M0.87%−208,989−28.1%Reduced
Natixis Advisors, L.P.533,553$108.6M0.16%−15,123−2.8%Reduced
Panagora Asset Management Inc531,115$108.1M0.44%−16,829−3.1%Reduced
HRT Financial LP530,093$107.9M0.40%+530,093New
New York State Teachers Retirement System526,294$107.2M0.21%−1,405−0.3%Reduced
Baird Financial Group, Inc.523,992$106.7M0.17%+6,996+1.4%Added
Pinebridge Investments, L.P.510,132$103.9M0.77%+232,126+83.5%Added
Bowen Hanes & Co Inc507,531$103.3M2.59%−395−0.1%Reduced
Champlain Investment Partners, LLC503,215$102.5M0.77%−151,170−23.1%Reduced
TD Waterhouse Canada Inc.488,542$101.0M0.66%+17,075+3.6%Added
Toroso Investments, LLC494,015$100.6M0.43%+245,093+98.5%Added
Cetera Investment Advisers493,990$100.6M0.12%+102,484+26.2%Added
Wealth Enhancement Advisory Services, LLC473,814$99.9M0.15%+7,318+1.6%Added
Northwestern Mutual Wealth Management Co483,011$98.4M0.07%+57,158+13.4%Added
Nomura Asset Management Co Ltd463,652$94.4M0.25%+11,760+2.6%Added
Phoenix Holdings Ltd.461,097$93.9M1.14%+406,632+746.6%Added
Quantinno Capital Management LP454,123$92.5M0.25%+206,652+83.5%Added
Steward Partners Investment Advisory, LLC446,036$90.8M0.52%+279,713+168.2%Added
Klingenstein Fields & Co LP444,531$90.5M3.42%−2,469−0.6%Reduced
Handelsbanken Fonder AB433,901$88.4M0.28%+45,006+11.6%Added
Commerce Bank429,892$87.5M0.49%+128,928+42.8%Added
APG Asset Management N.V.503,941$87.3M0.25%+46,927+10.3%Added
Squarepoint Ops LLC428,188$87.2M0.19%−186,737−30.4%Reduced
Stonegate Investment Group, LLC419,572$85.4M1.98%+12,680+3.1%Added
Federation des caisses Desjardins du Quebec417,287$85.0M0.33%+114,628+37.9%Added
Holocene Advisors, LP415,570$84.6M0.19%+415,570New
Sandhill Capital Partners LLC414,545$84.4M5.89%−3,857−0.9%Reduced
Advisor Group Holdings, Inc.420,173$83.5M0.12%+125,513+42.6%Added
Lansforsakringar Fondforvaltning AB (publ)398,785$81.2M0.42%+5,907+1.5%Added
Manufacturers Life Insurance Company, The397,489$80.9M0.07%+9,445+2.4%Added
Toronto Dominion Bank387,499$78.9M0.15%+74,862+23.9%Added
Canada Pension Plan Investment Board384,775$78.3M0.06%−192,025−33.3%Reduced
Liontrust Investment Partners LLP379,568$77.3M1.13%−20,398−5.1%Reduced
Treasurer of the State of North Carolina377,619$76.9M0.24%+19,468+5.4%Added
Mirae Asset Global Investments Co., Ltd.376,519$76.7M0.24%+52,464+16.2%Added
Mitsubishi UFJ Trust & Banking Corp372,579$75.9M0.17%+13,519+3.8%Added
Westfield Capital Management Co LP370,359$75.4M0.32%+370,359New
TD Asset Management Inc370,271$75.4M0.06%+5,129+1.4%Added
Prudential Financial Inc364,362$74.2M0.09%−12,574−3.3%Reduced
Zevenbergen Capital Investments LLC361,137$73.5M1.43%−48,271−11.8%Reduced
Caisse de Depot Et Placement du Quebec353,499$72.0M0.13%+134,439+61.4%Added
DekaBank Deutsche Girozentrale353,610$71.9M0.12%00.0%Unchanged
Stony Point Capital LLC351,325$71.5M5.01%+16,318+4.9%Added
State of Wisconsin Investment Board350,357$71.3M0.16%−3,290−0.9%Reduced
Commerzbank Aktiengesellschaft348,991$71.1M1.48%+12,719+3.8%Added
Advisors Capital Management, LLC347,807$70.8M0.88%+8,737+2.6%Added
Vontobel Holding Ltd.347,554$70.8M0.22%−91,483−20.8%Reduced
Asset Management One Co.,Ltd.345,311$70.3M0.20%−64,438−15.7%Reduced
Raiffeisen Bank International AG341,184$69.6M0.93%+74,890+28.1%Added
Chevy Chase Trust Holdings, Inc.341,738$69.6M0.19%−8,771−2.5%Reduced
Trillium Asset Management, LLC340,456$69.3M1.83%+16,474+5.1%Added
Man Group plc335,584$68.3M0.13%−116,375−25.7%Reduced
Banque Transatlantique SA331,426$67.5M1.65%+210,098+173.2%Added
Janney Montgomery Scott LLC330,214$67.2M0.16%+44,828+15.7%Added
Royal London Asset Management Ltd330,041$67.2M0.14%−4,952−1.5%Reduced
Two Sigma Investments, LP323,061$65.8M0.10%−211,191−39.5%Reduced
STRS Ohio311,650$63.5M0.23%−282,535−47.6%Reduced
Guggenheim Capital LLC311,307$63.4M0.47%−20,765−6.3%Reduced
Capital Advisors Inc311,036$63.3M1.06%+54,931+21.4%Added
Mogy Joel R Investment Counsel Inc309,861$63.1M3.46%+568+0.2%Added
Lido Advisors, LLC307,654$62.6M0.26%+36,601+13.5%Added
La Banque Postale Asset Management SA305,744$62.3M0.77%+45,991+17.7%Added
BNP Paribas300,697$61.2M1.85%+21,307+7.6%Added
Anomaly Capital Management, LP298,638$60.8M1.79%+298,638New
Rafferty Asset Management, LLC291,803$59.4M0.19%+7,738+2.7%Added
Acadian Asset Management LLC289,694$59.0M0.10%−228,949−44.1%Reduced
Atalanta Sosnoff Capital, LLC289,243$58.9M1.13%−3,469−1.2%Reduced
CIBC World Markets Inc.289,109$58.9M0.12%−32,720−10.2%Reduced
Erste Asset Management GmbH283,832$57.9M0.56%+30,793+12.2%Added
CIBC Asset Management Inc282,197$57.5M0.17%+5,028+1.8%Added
KLP Kapitalforvaltning AS281,242$57.3M0.23%+700+0.2%Added
NEOS Investment Management LLC277,601$56.5M0.42%+107,340+63.0%Added
Achmea Investment Management B.V.270,933$55.2M0.69%−23,899−8.1%Reduced
Union Bancaire Privee, UBP SA288,684$54.8M1.12%−59,544−17.1%Reduced
Allianz Asset Management GmbH267,725$54.5M0.07%−60,171−18.4%Reduced