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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, 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
Nicollet Investment Management, Inc.16,399$3.02M0.96%−15,550−48.7%Reduced
Boomfish Wealth Group, LLC16,509$3.04M1.63%−179−1.1%Reduced
Westview Management dba Westview Investment Advisors16,538$3.05M1.45%+16,538New
WealthShield Partners, LLC16,628$3.06M0.34%+1,908+13.0%Added
Ascent Group, LLC16,714$3.08M0.11%+1,145+7.4%Added
Natural Investments, LLC16,728$3.08M0.77%+16,728New
B&L Asset Management LLC16,766$3.09M1.39%+430+2.6%Added
Centaurus Financial, Inc.16,791$3.09M0.14%−6,939−29.2%Reduced
JT Stratford LLC16,807$3.10M0.40%+2,012+13.6%Added
Element Capital Management LLC16,836$3.10M1.60%+16,836New
MainStreet Investment Advisors LLC16,874$3.11M0.45%−1,244−6.9%Reduced
St. Clair Advisors, LLC16,900$3.11M0.80%00.0%Unchanged
Counterweight Ventures, LLC16,925$3.12M1.75%−9−0.1%Reduced
KRS Capital Management, LLC16,965$3.12M1.80%+25+0.1%Added
Mattson Financial Services, LLC16,976$3.13M0.73%+524+3.2%Added
Neville Rodie & Shaw Inc17,035$3.14M0.22%−40−0.2%Reduced
Avestar Capital, LLC17,112$3.15M0.22%−1,469−7.9%Reduced
Choate Investment Advisors17,126$3.15M0.06%+689+4.2%Added
Bryn Mawr Trust Co17,206$3.17M0.07%+13,459+359.2%Added
GAM Holding AG17,241$3.18M0.20%−2,529−12.8%Reduced
GAMMA Investing LLC17,247$3.18M0.16%+471+2.8%Added
Kentucky Retirement Systems Insurance Trust Fund17,287$3.18M0.21%00.0%Unchanged
Verde Capital Management17,289$3.18M0.68%+2,263+15.1%Added
Steinberganna Wealth Management17,314$3.19M1.49%+196+1.1%Added
Robertson Stephens Wealth Management, LLC17,387$3.20M0.09%−776−4.3%Reduced
Jones Kertz & Associates, Inc.17,390$3.20M1.65%+17,390New
Quadrant Capital Group LLC17,399$3.20M0.10%+310+1.8%Added
Alaethes Wealth LLC17,415$3.21M0.90%−24−0.1%Reduced
Bleakley Financial Group, LLC17,500$3.22M0.06%+1,248+7.7%Added
Resources Management Corp17,537$3.23M0.42%+3,464+24.6%Added
Charter Trust Co17,568$3.24M0.19%−269−1.5%Reduced
Connable Office Inc17,586$3.24M0.30%−63−0.4%Reduced
Cane Capital Partners, LLC17,588$3.24M1.36%+17,588New
Alpine Woods Capital Investors, LLC17,619$3.25M0.77%−11,338−39.2%Reduced
TBH Global Asset Management, LLC17,674$3.26M0.57%+9,978+129.7%Added
Resonant Capital Advisors, LLC17,674$3.26M0.18%+544+3.2%Added
KG&L Capital Management,LLC17,678$3.26M0.84%+6,137+53.2%Added
Wahed Invest LLC17,687$3.26M0.43%−195−1.1%Reduced
Greater Midwest Financial Group, LLC17,689$3.26M1.82%+1,010+6.1%Added
Fairfield Financial Advisors, LTD17,696$3.26M1.06%+545+3.2%Added
Broadleaf Partners, LLC17,843$3.29M0.69%+9+0.1%Added
Canada Post Corp Registered Pension Plan17,870$3.29M0.13%+2,450+15.9%Added
Central Trust Co18,005$3.32M0.06%−1,778−9.0%Reduced
PFG Investments, LLC18,128$3.34M0.16%−139−0.8%Reduced
Savvy Advisors, Inc.18,165$3.35M0.11%+2,101+13.1%Added
Perryman Financial Advisory Inc18,182$3.35M0.49%+18,182New
V-Square Quantitative Management LLC18,210$3.35M0.35%+2,827+18.4%Added
Steel Peak Wealth Management LLC18,233$3.36M0.11%+3,223+21.5%Added
Meeder Advisory Services, Inc.18,275$3.37M0.14%+996+5.8%Added
Nilsine Partners, LLC18,311$3.37M0.29%+981+5.7%Added
Field & Main Bank18,325$3.38M0.97%+135+0.7%Added
Westhampton Capital, LLC18,325$3.38M1.59%+143+0.8%Added
MUFG Securities Americas Inc.18,427$3.39M0.21%+415+2.3%Added
Gamco Investors, Inc. Et Al18,428$3.39M0.03%+84+0.5%Added
Greenbush Financial Group, LLC18,492$3.41M1.16%+1,139+6.6%Added
Core Alternative Capital18,521$3.41M0.94%+771+4.3%Added
Securian Asset Management, Inc18,564$3.42M0.13%−13,668−42.4%Reduced
OpenArc Corporate Advisory, LLC18,576$3.42M0.06%+18,576New
Davidson Capital Management Inc.18,603$3.43M0.74%+610+3.4%Added
Fulcrum Asset Management LLP18,440$3.45M0.96%−546−2.9%Reduced
Dover Advisors, LLC18,712$3.45M1.34%+1,626+9.5%Added
Comprehensive Financial Management LLC18,804$3.46M0.10%00.0%Unchanged
Ambassador Advisors, LLC18,866$3.48M0.51%+1,405+8.0%Added
Alamar Capital Management, LLC18,867$3.48M1.92%−1,240−6.2%Reduced
Somerset Group LLC17,999$3.49M2.63%−285−1.6%Reduced
Ferguson Wellman Capital Management, Inc19,128$3.52M0.06%−6,031−24.0%Reduced
Red Door Wealth Management, LLC19,188$3.53M0.37%+1,734+9.9%Added
Terra Nova Asset Management LLC19,188$3.53M2.33%+3,381+21.4%Added
Schwarz Dygos Wheeler Investment Advisors LLC19,203$3.54M0.73%−43−0.2%Reduced
Plimoth Trust Co LLC19,403$3.57M0.80%+2,837+17.1%Added
1832 Asset Management L.P.19,412$3.58M0.00%+7,733+66.2%Added
Global Wealth Management Investment Advisory, Inc.19,417$3.58M0.57%+547+2.9%Added
Aft, Forsyth & Sober, LLC19,500$3.59M1.09%00.0%Unchanged
Gouws Capital LLC19,501$3.59M1.90%+1,384+7.6%Added
Davy Global Fund Management Ltd19,511$3.59M0.25%−2,285−10.5%Reduced
Atomi Financial Group, Inc.19,588$3.61M0.11%+255+1.3%Added
Thrive Capital Management, LLC19,613$3.61M0.80%+6,811+53.2%Added
Ocean Capital Management, LLC19,646$3.62M0.72%−151−0.8%Reduced
NVWM, LLC19,687$3.63M0.79%−216−1.1%Reduced
Liberty Capital Management, Inc.19,704$3.63M0.68%+676+3.6%Added
Dark Forest Capital Management LP19,737$3.64M0.17%−6,815−25.7%Reduced
Everence Capital Management Inc19,746$3.64M0.22%+5,626+39.8%Added
RD Finance Ltd19,800$3.65M3.69%+19,800New
Generali Investments Towarzystwo Funduszy Inwestycyjnych19,800$3.65M1.77%+2,200+12.5%Added
Twin Tree Management, LP19,845$3.66M0.37%+19,845New
Kingsview Wealth Management, LLC19,888$3.66M0.05%−2,346−10.6%Reduced
Wealthspire Advisors, LLC19,913$3.67M0.03%+5,260+35.9%Added
Long Run Wealth Advisors, LLC19,926$3.67M0.69%+258+1.3%Added
Group One Trading, L.P.20,017$3.69M0.11%−1,665−7.7%Reduced
RFG Advisory, LLC20,072$3.70M0.07%+601+3.1%Added
Cache Advisors, LLC20,080$3.70M0.45%00.0%Unchanged
Valicenti Advisory Services Inc20,102$3.70M0.77%+219+1.1%Added
Cambient Family Office, LLC20,147$3.71M0.53%+20,147New
Vestcor Inc20,179$3.72M0.11%+1,007+5.3%Added
Old National Bancorp20,223$3.73M0.06%+230+1.2%Added
Dorsey Wright & Associates18,722$3.73M0.81%−1,764−8.6%Reduced
Rockland Trust Co20,285$3.74M0.15%−1,399−6.5%Reduced
Sphera Management Technology Funds Ltd20,400$3.76M1.97%+3,400+20.0%Added
BOK Financial Private Wealth, Inc.20,403$3.76M0.23%+515+2.6%Added
Proem Advisors LLC20,500$3.78M1.28%+20,500New