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; 2,921 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, Q4 2025
Institutional positions in Palo Alto Networks Inc as of Dec 31, 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
- 2,536
- +157 vs. Q3 2025
- Shares held
- 578.8M
- +30.6M (+5.6%) vs. Q3 2025
- Total value
- $106.6B
- −$5.00B (−4.5%) vs. Q3 2025
- New holders
- 324
- 1,122 more added
- Sold out
- 167
- 813 more reduced
55 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 2,921 | $227.1B |
| Q1 2026 | 2,482 | $103.3B |
| Q4 2025 | 2,536 | $106.6B |
| Q3 2025 | 2,434 | $112.2B |
| Q2 2025 | 2,377 | $107.3B |
| Q1 2025 | 2,261 | $87.7B |
| Q4 2024 | 2,296 | $92.9B |
| Q3 2024 | 2,070 | $85.2B |
| Q2 2024 | 2,012 | $84.1B |
| Q1 2024 | 1,902 | $70.1B |
| Q4 2023 | 1,840 | $76.5B |
| Q3 2023 | 1,638 | $62.0B |
| Q2 2023 | 1,594 | $68.5B |
| Q1 2023 | 1,472 | $51.2B |
| Q4 2022 | 1,378 | $35.1B |
| Q3 2022 | 1,356 | $41.6B |
| Q2 2022 | 1,330 | $42.9B |
| Q1 2022 | 1,317 | $53.6B |
| Q4 2021 | 1,226 | $46.6B |
| Q3 2021 | 1,093 | $41.0B |
| Q2 2021 | 987 | $30.3B |
| Q1 2021 | 968 | $26.2B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Palo Alto Networks Inc; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Vanguard Group Inc | 67,929,063 | $12.5B | 0.18% | +2,659,100+4.1% | Added |
| BlackRock, Inc. | 59,562,981 | $11.0B | 0.19% | +4,123,075+7.4% | Added |
| Morgan Stanley | 30,462,984 | $5.61B | 0.34% | −296,391−1.0% | Reduced |
| State Street Corp | 30,331,705 | $5.59B | 0.19% | +594,789+2.0% | Added |
| Invesco Ltd. | 21,508,000 | $3.96B | 0.37% | +16,218,989+306.7% | Added |
| Bank of America Corp | 19,375,486 | $3.57B | 0.26% | +1,916,476+11.0% | Added |
| Geode Capital Management, LLC | 15,989,257 | $2.93B | 0.18% | +540,756+3.5% | Added |
| JPMorgan Chase & Co | 11,503,089 | $2.12B | 0.14% | −4,247,119−27.0% | Reduced |
| UBS Group AG | 8,836,576 | $1.63B | 0.32% | +751,795+9.3% | Added |
| FMR LLC | 8,138,673 | $1.50B | 0.08% | +539,425+7.1% | Added |
| Norges Bank | 7,683,841 | $1.42B | 0.15% | +7,683,841 | New |
| Royal Bank of Canada | 7,601,736 | $1.40B | 0.25% | −2,318,487−23.4% | Reduced |
| Northern Trust Corp | 7,521,047 | $1.39B | 0.18% | −7,201−0.1% | Reduced |
| Nuveen, LLC | 7,219,205 | $1.33B | 0.35% | −442,067−5.8% | Reduced |
| First Trust Advisors LP | 6,193,015 | $1.14B | 0.83% | +286,052+4.8% | Added |
| UBS Asset Management Americas Inc | 6,103,299 | $1.12B | 0.24% | +182,863+3.1% | Added |
| Wells Fargo & Company | 5,720,868 | $1.05B | 0.21% | +139,974+2.5% | Added |
| Clearbridge Investments, LLC | 5,601,625 | $1.03B | 0.83% | −257,472−4.4% | Reduced |
| Legal & General Group Plc | 5,413,713 | $997.2M | 0.22% | −26,718−0.5% | Reduced |
| Ameriprise Financial Inc | 5,278,829 | $972.0M | 0.22% | −306,469−5.5% | Reduced |
| Charles Schwab Investment Management Inc | 4,928,031 | $907.7M | 0.14% | +214,192+4.5% | Added |
| Goldman Sachs Group Inc | 4,587,340 | $845.0M | 0.12% | −766,383−14.3% | Reduced |
| Pictet Asset Management Holding SA | 4,356,617 | $802.7M | 0.78% | +319,751+7.9% | Added |
| Price T Rowe Associates Inc | 4,337,468 | $799.0M | 0.09% | −214,562−4.7% | Reduced |
| Barclays PLC | 4,095,982 | $754.5M | 0.30% | −1,708,735−29.4% | Reduced |
| Bank of New York Mellon Corp | 4,058,033 | $747.5M | 0.13% | +80,833+2.0% | Added |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 3,844,114 | $708.1M | 0.62% | +455,130+13.4% | Added |
| Amundi | 3,769,534 | $694.3M | 0.19% | +237,333+6.7% | Added |
| Deutsche Bank AG | 3,557,904 | $655.4M | 0.21% | +318,577+9.8% | Added |
| Citadel Advisors LLC | 3,266,843 | $601.8M | 0.41% | +737,464+29.2% | Added |
| Bank of Montreal | 3,044,318 | $560.8M | 0.23% | −741,212−19.6% | Reduced |
| Franklin Resources Inc | 2,980,288 | $549.0M | 0.13% | −1,057,032−26.2% | Reduced |
| Swedbank AB | 2,820,955 | $519.6M | 0.50% | +428,731+17.9% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 2,803,611 | $516.5M | 0.60% | +1,284,846+84.6% | Added |
| AQR Capital Management LLC | 2,574,751 | $474.3M | 0.25% | +478,209+22.8% | Added |
| Nordea Investment Management AB | 2,505,894 | $464.3M | 0.40% | +75,779+3.1% | Added |
| Raymond James Financial Inc | 2,322,135 | $427.7M | 0.13% | +83,449+3.7% | Added |
| Schroder Investment Management Group | 2,280,013 | $420.0M | 0.32% | +2,901+0.1% | Added |
| Stifel Financial Corp | 2,151,402 | $396.3M | 0.36% | +6,561+0.3% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 2,076,626 | $382.5M | 0.22% | −5,312−0.3% | Reduced |
| Capital Research Global Investors | 1,996,535 | $367.8M | 0.07% | −66,453−3.2% | Reduced |
| Marshall Wace, LLP | 1,943,109 | $357.9M | 0.34% | +229,141+13.4% | Added |
| LPL Financial LLC | 1,874,969 | $345.4M | 0.09% | +25,985+1.4% | Added |
| Swiss National Bank | 1,854,900 | $341.7M | 0.20% | −67,200−3.5% | Reduced |
| Citigroup Inc | 1,799,265 | $331.4M | 0.23% | −1,008,190−35.9% | Reduced |
| BNP Paribas Arbitrage, SA | 1,792,269 | $330.1M | 0.21% | +728,250+68.4% | Added |
| National Pension Service | 1,754,036 | $323.1M | 0.24% | +28,936+1.7% | Added |
| ABN AMRO Bank N.V. | 1,729,145 | $318.3M | 3.00% | +19,557+1.1% | Added |
| Voya Investment Management LLC | 1,711,737 | $315.3M | 0.31% | +138,829+8.8% | Added |
| California Public Employees Retirement System | 1,707,142 | $314.5M | 0.18% | −170,786−9.1% | Reduced |
| Mirova US LLC | 1,667,837 | $307.2M | 3.08% | −49,457−2.9% | Reduced |
| Alliancebernstein L.P. | 1,648,943 | $303.7M | 0.10% | −41,864−2.5% | Reduced |
| Employees Provident Fund Board | 1,528,458 | $281.5M | 2.07% | −166,175−9.8% | Reduced |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 1,545,782 | $277.3M | 0.19% | +100,675+7.0% | Added |
| CI Private Wealth, LLC | 1,475,522 | $272.8M | 0.37% | +266,725+22.1% | Added |
| HSBC Holdings PLC | 1,456,150 | $268.5M | 0.15% | +65,547+4.7% | Added |
| Fifth Third Bancorp | 1,393,304 | $256.6M | 0.82% | −41,845−2.9% | Reduced |
| US Bancorp | 1,371,066 | $252.6M | 0.30% | +6,624+0.5% | Added |
| American Century Companies Inc | 1,306,301 | $240.6M | 0.12% | +634,172+94.4% | Added |
| Blair William & Co | 1,250,372 | $230.3M | 0.62% | +12,508+1.0% | Added |
| ProShare Advisors LLC | 1,236,644 | $227.8M | 0.40% | +370,076+42.7% | Added |
| Principal Financial Group Inc | 1,222,845 | $225.2M | 0.12% | +54,269+4.6% | Added |
| Rhumbline Advisers | 1,185,226 | $218.3M | 0.18% | −10,553−0.9% | Reduced |
| Dimensional Fund Advisors LP | 1,168,667 | $215.3M | 0.05% | −16,595−1.4% | Reduced |
| Victory Capital Management Inc | 1,145,405 | $211.0M | 0.12% | −1,322,287−53.6% | Reduced |
| Lazard Asset Management LLC | 1,134,137 | $208.9M | 0.35% | +421,943+59.2% | Added |
| Candriam Luxembourg S.C.A. | 1,073,219 | $197.7M | 0.99% | +38,007+3.7% | Added |
| Railway Pension Investments Ltd | 1,045,756 | $192.6M | 2.26% | +124,250+13.5% | Added |
| California State Teachers Retirement System | 1,036,381 | $190.9M | 0.19% | +4,558+0.4% | Added |
| Federated Hermes, Inc. | 1,030,515 | $189.8M | 0.32% | +469,954+83.8% | Added |
| Compagnie Lombard Odier SCmA | 1,008,934 | $185.8M | 2.02% | −28,704−2.8% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 997,868 | $185.2M | 0.30% | +21,310+2.2% | Added |
| Rockefeller Capital Management L.P. | 982,633 | $181.0M | 0.33% | +37,083+3.9% | Added |
| National Bank of Canada | 974,404 | $179.5M | 0.18% | +300,031+44.5% | Added |
| Canada Pension Plan Investment Board | 973,400 | $179.3M | 0.12% | +588,625+153.0% | Added |
| Neuberger Berman Group LLC | 970,223 | $178.7M | 0.13% | +27,653+2.9% | Added |
| Primecap Management Co | 968,780 | $178.4M | 0.14% | −3,470−0.4% | Reduced |
| Storebrand Asset Management AS | 967,142 | $178.1M | 0.48% | +56,746+6.2% | Added |
| Envestnet Asset Management Inc | 964,251 | $177.6M | 0.05% | −198,401−17.1% | Reduced |
| CIBC Private Wealth Group, LLC | 955,998 | $176.1M | 0.30% | −23,733−2.4% | Reduced |
| B. Metzler seel. Sohn & Co. AG | 951,880 | $175.8M | 1.53% | +5,603+0.6% | Added |
| Cerity Partners LLC | 949,186 | $174.8M | 0.25% | +48,252+5.4% | Added |
| Quilter Plc | 938,272 | $172.8M | 2.90% | +40,299+4.5% | Added |
| Renaissance Technologies LLC | 908,500 | $167.3M | 0.26% | +840,000+1,226.3% | Added |
| Eurizon Capital SGR S.p.A. | 893,549 | $165.0M | 0.51% | +893,549 | New |
| Bank Julius Baer & Co. Ltd, Zurich | 886,728 | $163.7M | 0.45% | −45,602−4.9% | Reduced |
| Omers Administration Corp | 858,859 | $158.2M | 1.13% | 00.0% | Unchanged |
| Rathbone Brothers plc | 857,605 | $158.0M | 0.62% | −11,378−1.3% | Reduced |
| Susquehanna International Group, LLP | 840,157 | $154.8M | 0.21% | +30,630+3.8% | Added |
| King Luther Capital Management Corp | 818,841 | $150.8M | 0.61% | +51,130+6.7% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 814,897 | $150.1M | 0.32% | +143,571+21.4% | Added |
| Truist Financial Corp | 793,903 | $146.2M | 0.20% | +16,504+2.1% | Added |
| Danske Bank A/S | 778,701 | $143.4M | 0.33% | +33,772+4.5% | Added |
| New York State Common Retirement Fund | 776,092 | $143.0M | 0.19% | −8,200−1.0% | Reduced |
| Public Employees Retirement Association of Colorado | 766,114 | $141.1M | 0.52% | −13,460−1.7% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 762,134 | $140.4M | 0.21% | −34,241−4.3% | Reduced |
| Vident Advisory, LLC | 739,628 | $136.2M | 1.28% | −39,621−5.1% | Reduced |
| Janus Henderson Group PLC | 738,433 | $136.0M | 0.06% | −40,032−5.1% | Reduced |
| TCW Group Inc | 728,743 | $134.2M | 0.96% | −64,943−8.2% | Reduced |
| Bessemer Group Inc | 713,465 | $131.4M | 0.20% | −7,692−1.1% | Reduced |