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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 9 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, 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
−$5.01B (−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.

Institutional holdersQ4 2025: 2,536 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 heldQ4 2025: $106.6B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Palo Alto Networks Inc; share changes are against Q3 2025.

Institutions holding PANW in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Shepherd Street Advisors LLC6,130$1.13M1.08%+6,130New
Machina Capital S.A.S.6,149$1.13M0.22%+6,149New
CNB Bank6,151$1.13M0.46%−63−1.0%Reduced
Smithfield Trust Co6,150$1.13M0.05%00.0%Unchanged
Invst, LLC6,231$1.15M0.12%+183+3.0%Added
Palogic Value Management, L.P.6,254$1.15M0.49%+335+5.7%Added
Global Assets Advisory, LLC6,254$1.15M0.33%+449+7.7%Added
Capital Investment Advisory Services, LLC6,255$1.15M0.08%+155+2.5%Added
ZEGA Investments, LLC6,261$1.15M0.22%+415+7.1%Added
Bank of Stockton6,272$1.16M0.33%+1,772+39.4%Added
First Financial Corp6,286$1.16M0.44%−195−3.0%Reduced
Galvin, Gaustad & Stein, LLC6,292$1.16M0.09%+1,400+28.6%Added
Nicholas Hoffman & Company, LLC.6,297$1.16M0.03%+135+2.2%Added
Viawealth, LLC6,311$1.16M0.65%−688−9.8%Reduced
First Manhattan Co6,367$1.17M0.00%+85+1.4%Added
Coastal Investment Advisors, Inc.6,372$1.17M0.39%+569+9.8%Added
Modern Wealth Management, LLC6,387$1.18M0.02%+380+6.3%Added
Inscription Capital, LLC6,418$1.18M0.12%−1,633−20.3%Reduced
Lineweaver Wealth Advisors, LLC6,419$1.18M0.16%+1,762+37.8%Added
Texas Capital Bank Wealth Management Services Inc6,441$1.19M0.07%+128+2.0%Added
Argus Investors' Counsel, Inc.6,449$1.19M0.95%−6−0.1%Reduced
Premier Path Wealth Partners, LLC6,462$1.19M0.15%+240+3.9%Added
IFG Advisors, LLC6,471$1.19M0.20%−217−3.2%Reduced
Cigna Investments Inc6,491$1.20M0.17%+26+0.4%Added
Covenant Partners, LLC6,494$1.20M0.35%00.0%Unchanged
Magnolia Capital Advisors LLC6,538$1.20M0.25%+6,538New
Richards, Merrill & Peterson, Inc.6,566$1.21M0.46%+1,905+40.9%Added
Cassaday & Co Wealth Management LLC6,576$1.21M0.03%+731+12.5%Added
Little House Capital LLC6,580$1.21M0.30%00.0%Unchanged
Golden State Equity Partners6,593$1.21M0.20%+1,394+26.8%Added
Aristotle Atlantic Partners, LLC6,600$1.22M0.06%00.0%Unchanged
PFG Advisors6,600$1.22M0.06%+303+4.8%Added
Naviter Wealth, LLC6,605$1.22M0.16%+28+0.4%Added
Menard Financial Group LLC6,608$1.22M0.84%00.0%Unchanged
Sun Financial Inc6,652$1.23M0.68%+6,652New
Smartleaf Asset Management LLC6,573$1.23M0.05%+1,213+22.6%Added
Paragon Private Wealth Management, LLC6,687$1.23M0.38%+18+0.3%Added
Central Bank & Trust Co6,688$1.23M0.19%+20.0%Added
Virtue Asset Management LLC6,715$1.24M0.99%+615+10.1%Added
Postrock Partners LLC6,738$1.24M0.54%00.0%Unchanged
Thoroughbred Financial Services, LLC6,757$1.24M0.07%+107+1.6%Added
North Star Asset Management Inc6,782$1.25M0.05%−120−1.7%Reduced
Portus Wealth Advisors, LLC6,789$1.25M1.18%+377+5.9%Added
First Citizens Bank & Trust Co6,820$1.26M0.03%−445−6.1%Reduced
Krilogy Financial LLC6,831$1.26M0.04%+173+2.6%Added
SOA Wealth Advisors, LLC.17,621$1.26M0.21%−176−1.0%Reduced
Barden Capital Management, Inc.6,893$1.27M1.04%−78−1.1%Reduced
Regatta Capital Group, LLC6,897$1.27M0.19%−155−2.2%Reduced
Two Sigma Investments, LP6,899$1.27M0.00%−316,162−97.9%Reduced
AlTi Global, Inc.6,918$1.27M0.03%+1,131+19.5%Added
Hohimer Wealth Management, LLC6,925$1.28M0.17%+193+2.9%Added
Parsons Capital Management Inc6,938$1.28M0.07%+20+0.3%Added
TRUE Private Wealth Advisors6,978$1.29M0.13%−124−1.7%Reduced
Apriem Advisors6,993$1.29M0.12%+64+0.9%Added
GraniteShares Advisors LLC7,029$1.29M0.79%+656+10.3%Added
North Dallas Bank & Trust Co7,048$1.30M0.85%+7,048New
Ignite Planners, LLC7,375$1.31M0.20%+77+1.1%Added
Triglav Skladi, D.O.O.7,100$1.31M0.08%+1,100+18.3%Added
Fisher Asset Management, LLC7,127$1.31M0.00%−127−1.8%Reduced
Segment Wealth Management, LLC7,128$1.31M0.08%+7,128New
Mirabaud & Cie SA7,140$1.32M0.42%−8,400−54.1%Reduced
KC Investment Advisors, LLC7,156$1.32M0.32%+337+4.9%Added
Sugar Maple Asset Management, LLC7,164$1.32M0.89%+675+10.4%Added
GM Advisory Group, Inc.7,207$1.33M0.05%−35−0.5%Reduced
Navalign, LLC7,237$1.33M0.33%+205+2.9%Added
Trust Asset Management LLC7,238$1.33M0.09%−259−3.5%Reduced
LifePlan Financial, LLC7,256$1.34M1.02%−34−0.5%Reduced
Armis Advisers, LLC8,219$1.34M0.15%+623+8.2%Added
Kingswood Wealth Advisors, LLC7,276$1.34M0.06%+58+0.8%Added
RB Capital Management, LLC7,279$1.34M0.27%−70−1.0%Reduced
Roman Butler Fullerton & Co7,407$1.35M0.35%+354+5.0%Added
Park Place Capital Corp7,336$1.35M0.28%−374−4.9%Reduced
Private Trust Co NA7,338$1.35M0.12%−545−6.9%Reduced
Stance Capital LLC7,340$1.35M0.50%+494+7.2%Added
Schmidt P J Investment Management Inc7,347$1.35M0.22%−140−1.9%Reduced
Westpac Banking Corp7,356$1.35M0.09%−3,779−33.9%Reduced
Belpointe Asset Management LLC7,383$1.36M0.05%−7,596−50.7%Reduced
Bayshore Asset Management, LLC7,435$1.37M0.56%00.0%Unchanged
Harbor Investment Advisory, LLC7,437$1.37M0.10%+296+4.1%Added
S.A. Mason LLC7,444$1.37M0.54%+239+3.3%Added
Supplemental Annuity Collective Trust of NJ7,470$1.38M0.36%−2,530−25.3%Reduced
Sax Wealth Advisors, LLC7,494$1.38M0.06%+726+10.7%Added
Sagespring Wealth Partners, LLC7,508$1.38M0.03%+213+2.9%Added
Citizens & Northern Corp7,509$1.38M0.34%−206−2.7%Reduced
Arbor Trust Wealth Advisors, LLC7,515$1.38M0.61%−45−0.6%Reduced
Fulton Bank, N.A.7,518$1.38M0.05%−44−0.6%Reduced
Baxter Bros Inc7,518$1.38M0.16%+166+2.3%Added
Berger Financial Group, Inc7,531$1.39M0.08%−183−2.4%Reduced
Tradition Wealth Management, LLC7,538$1.39M0.10%+81+1.1%Added
Grant Private Wealth Management Inc7,539$1.39M0.84%+568+8.1%Added
Qtron Investments LLC7,565$1.39M0.18%−1,719−18.5%Reduced
Argonautica Private Wealth Management, Inc7,659$1.41M0.41%−311−3.9%Reduced
Simplex Trading, LLC7,667$1.41M0.04%+7,667New
David Loasby7,511$1.42M0.10%+2,762+58.2%Added
Mainstream Capital Management LLC7,703$1.42M0.93%−141−1.8%Reduced
Norden Group LLC7,706$1.42M0.14%+664+9.4%Added
Strategic Advisors LLC7,761$1.43M0.22%+293+3.9%Added
Delta Accumulation, LLC7,770$1.43M1.46%00.0%Unchanged
Alphadyne Asset Management LP7,787$1.43M0.14%+7,787New
Truvestments Capital LLC7,809$1.44M0.26%+629+8.8%Added