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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
Ares Financial Consulting, LLC332$61.2K0.06%+332New
Disciplina Capital Management LLC335$61.7K0.01%−39−10.4%Reduced
Cetera Trust Company, N.A348$64.1K0.03%00.0%Unchanged
Barnes Dennig Private Wealth Management LLC349$64.3K0.06%+82+30.7%Added
New England Capital Financial Advisors LLC354$65.2K0.03%+230+185.5%Added
Vermillion Wealth Management, Inc.359$66.1K0.03%+224+165.9%Added
First Pacific Financial364$67.0K0.01%00.0%Unchanged
McGuire Capital Advisors Inc371$68.3K0.04%+371New
Beaird Harris Wealth Management, LLC372$68.5K0.00%−14−3.6%Reduced
American National Bank384$70.7K0.01%+7+1.9%Added
REAP Financial Group, LLC388$71.6K0.01%+57+17.2%Added
Gables Capital Management Inc.400$73.7K0.03%00.0%Unchanged
Hartford Financial Management Inc.410$75.5K0.02%−34−7.7%Reduced
Quarry LP410$75.5K0.01%+410New
Fortitude Family Office, LLC412$75.9K0.02%+307+292.4%Added
Palladiem, LLC407$76.0K0.07%+407New
TFC Financial Management416$76.6K0.01%−60−12.6%Reduced
Atlas Capital Advisors LLC434$79.9K0.01%+434New
RHL Group, LLC434$79.9K0.06%+434New
Meeder Asset Management Inc454$83.6K0.00%+3+0.7%Added
GW&K Investment Management, LLC457$84.0K0.00%−2−0.4%Reduced
Orion Capital Management LLC459$84.5K0.03%+1+0.2%Added
Grove Bank & Trust461$84.9K0.01%00.0%Unchanged
Valley National Advisers Inc466$85.0K0.01%+26+5.9%Added
Plante Moran Financial Advisors, LLC462$85.1K0.01%−8−1.7%Reduced
Elyxium Wealth, LLC464$85.4K0.02%+464New
Johnson Financial Group, Inc.481$88.6K0.00%−530−52.4%Reduced
Reyes Financial Architecture, Inc.503$92.7K0.06%−5−1.0%Reduced
Clean Yield Group534$98.4K0.03%00.0%Unchanged
United Community Bank544$100.2K0.04%00.0%Unchanged
IMG Wealth Management, Inc.552$101.7K0.06%+34+6.6%Added
WPG Advisers, LLC552$101.7K0.08%+221+66.8%Added
Strive Financial Group ,LLC559$103.0K0.05%+559New
Align Financial, LLC103,889$103.9K0.06%+103,889New
Proathlete Wealth Management LLC580$106.8K0.03%00.0%Unchanged
Stone House Investment Management, LLC585$107.8K0.02%+13+2.3%Added
Toth Financial Advisory Corp598$110.2K0.01%+16+2.7%Added
Fourth Dimension Wealth, LLC600$110.5K0.04%−225−27.3%Reduced
Litman Gregory Asset Management LLC600$110.5K0.01%+600New
Rachor Investment Advisory Services, LLC600$110.5K0.06%+600New
JFS Wealth Advisors, LLC619$114.0K0.01%−997−61.7%Reduced
Keating Financial Advisory Services, Inc.629$115.9K0.02%+629New
Financial Connections Group, Inc.630$116.0K0.04%00.0%Unchanged
Arlington Trust Co LLC646$119.0K0.01%−442−40.6%Reduced
MV Capital Management, Inc.662$121.9K0.01%00.0%Unchanged
GHP Investment Advisors, Inc.668$123.0K0.01%+440+193.0%Added
Provenance Wealth Advisors, LLC671$123.6K0.01%−482−41.8%Reduced
Financial Consulate, Inc684$126.0K0.02%+26+4.0%Added
Bell Investment Advisors, Inc696$128.2K0.02%+9+1.3%Added
Blume Capital Management, Inc.700$128.9K0.02%−650−48.1%Reduced
Rosenberg Matthew Hamilton707$130.2K0.03%+13+1.9%Added
Wealth Preservation Advisors, LLC720$132.6K0.07%+100+16.1%Added
Hurley Capital, LLC728$134.1K0.08%−1−0.1%Reduced
Medallion Wealth Advisors, LLC728$134.1K0.05%00.0%Unchanged
Financial Perspectives, Inc732$134.8K0.04%00.0%Unchanged
SJS Investment Consulting Inc.738$135.9K0.02%+80+12.2%Added
Cornerstone Planning Group LLC740$136.0K0.02%+600+428.6%Added
Roxbury Financial LLC757$139.4K0.13%+1+0.1%Added
Osterweis Capital Management Inc760$140.0K0.01%00.0%Unchanged
Redwood Park Advisors LLC763$140.5K0.10%+265+53.2%Added
Rossby Financial, LCC788$145.2K0.05%−156−16.5%Reduced
Hanson & Doremus Investment Management792$146.0K0.02%−133−14.4%Reduced
Cohen & Steers, Inc.800$147.0K0.00%−400−33.3%Reduced
Quaker Wealth Management, LLC804$148.1K0.05%+103+14.7%Added
S-Bank Fund Management Ltd807$148.7K0.02%−3−0.4%Reduced
Essential Investment Partners LLC816$150.3K0.14%+816New
Manchester Capital Management LLC817$150.5K0.02%−539−39.7%Reduced
True Wealth Design, LLC848$156.2K0.05%+282+49.8%Added
Comprehensive Financial Planning, Inc.856$157.7K0.10%00.0%Unchanged
SHP Wealth Management865$159.3K0.01%+865New
Salomon & Ludwin, LLC881$160.4K0.01%−45−4.9%Reduced
Front Row Advisors LLC898$165.4K0.06%+475+112.3%Added
Paradigm Asset Management Co LLC900$165.8K0.04%00.0%Unchanged
Caldwell Sutter Capital, Inc.934$172.0K0.07%+8+0.9%Added
Chilton Capital Management LLC939$173.0K0.01%+43+4.8%Added
Peoples Financial Services Corp.940$173.1K0.08%+2+0.2%Added
CVA Family Office, LLC948$174.6K0.02%−27−2.8%Reduced
Reflection Asset Management950$175.0K0.12%+950New
DV Equities, LLC954$175.7K0.03%+954New
HHM Wealth Advisors, LLC958$176.5K0.02%+60+6.7%Added
Veritas Investment Partners (UK) Ltd.960$176.8K0.00%00.0%Unchanged
Vision Retirement, LLC961$177.0K0.05%+961New
Ulland Investment Advisors, LLC978$180.0K0.14%+300+44.2%Added
Adirondack Trust Co979$180.3K0.06%−8−0.8%Reduced
Operose Advisors LLC988$182.0K0.04%+988New
Oakworth Capital, Inc.990$182.4K0.01%00.0%Unchanged
Wellington-Altus USA Inc.993$182.9K0.14%+993New
Gleason Group, Inc.997$183.6K0.02%−575−36.6%Reduced
Rakuten Securities, Inc.1,011$186.2K0.06%−129−11.3%Reduced
Webster Bank, N. A.1,011$186.2K0.02%00.0%Unchanged
DV Trading LLC1,073$197.6K0.02%+1,073New
Icapital Wealth LLC1,086$200.0K0.10%−9,678−89.9%Reduced
Evanson Asset Management, LLC1,090$200.8K0.01%00.0%Unchanged
QTR Family Wealth, LLC1,213$200.8K0.09%−433−26.3%Reduced
Strategic Family Wealth Counselors, L.L.C.1,091$200.8K0.05%+1,091New
Horizon Bancorp Inc1,089$201.0K0.10%−110−9.2%Reduced
MFA Wealth Services1,092$201.2K0.14%−8−0.7%Reduced
Texas Yale Capital Corp.1,096$201.9K0.01%+1,096New
Ramirez Asset Management, Inc.1,100$202.6K0.03%00.0%Unchanged
Strategic Investment Advisors1,101$202.8K0.02%+46+4.4%Added