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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
TBH Global Asset Management, LLC17,674$3.26M0.57%+9,978+129.7%Added
Alpine Woods Capital Investors, LLC17,619$3.25M0.77%−11,338−39.2%Reduced
Cane Capital Partners, LLC17,588$3.24M1.36%+17,588New
Connable Office Inc17,586$3.24M0.30%−63−0.4%Reduced
Charter Trust Co17,568$3.24M0.19%−269−1.5%Reduced
Resources Management Corp17,537$3.23M0.42%+3,464+24.6%Added
Bleakley Financial Group, LLC17,500$3.22M0.06%+1,248+7.7%Added
Alaethes Wealth LLC17,415$3.21M0.90%−24−0.1%Reduced
Quadrant Capital Group LLC17,399$3.20M0.10%+310+1.8%Added
Jones Kertz & Associates, Inc.17,390$3.20M1.65%+17,390New
Robertson Stephens Wealth Management, LLC17,387$3.20M0.09%−776−4.3%Reduced
Steinberganna Wealth Management17,314$3.19M1.49%+196+1.1%Added
Verde Capital Management17,289$3.18M0.68%+2,263+15.1%Added
Kentucky Retirement Systems Insurance Trust Fund17,287$3.18M0.21%00.0%Unchanged
GAMMA Investing LLC17,247$3.18M0.16%+471+2.8%Added
GAM Holding AG17,241$3.18M0.20%−2,529−12.8%Reduced
Bryn Mawr Trust Co17,206$3.17M0.07%+13,459+359.2%Added
Choate Investment Advisors17,126$3.15M0.06%+689+4.2%Added
Avestar Capital, LLC17,112$3.15M0.22%−1,469−7.9%Reduced
Neville Rodie & Shaw Inc17,035$3.14M0.22%−40−0.2%Reduced
Mattson Financial Services, LLC16,976$3.13M0.73%+524+3.2%Added
KRS Capital Management, LLC16,965$3.12M1.80%+25+0.1%Added
Counterweight Ventures, LLC16,925$3.12M1.75%−9−0.1%Reduced
St. Clair Advisors, LLC16,900$3.11M0.80%00.0%Unchanged
MainStreet Investment Advisors LLC16,874$3.11M0.45%−1,244−6.9%Reduced
Element Capital Management LLC16,836$3.10M1.60%+16,836New
JT Stratford LLC16,807$3.10M0.40%+2,012+13.6%Added
Centaurus Financial, Inc.16,791$3.09M0.14%−6,939−29.2%Reduced
B&L Asset Management LLC16,766$3.09M1.39%+430+2.6%Added
Natural Investments, LLC16,728$3.08M0.77%+16,728New
Ascent Group, LLC16,714$3.08M0.11%+1,145+7.4%Added
WealthShield Partners, LLC16,628$3.06M0.34%+1,908+13.0%Added
Westview Management dba Westview Investment Advisors16,538$3.05M1.45%+16,538New
Boomfish Wealth Group, LLC16,509$3.04M1.63%−179−1.1%Reduced
Nicollet Investment Management, Inc.16,399$3.02M0.96%−15,550−48.7%Reduced
Oak Harvest Investment Services16,265$3.00M0.33%+3,503+27.4%Added
Clear Street Group Inc.16,220$2.99M0.02%−10,413−39.1%Reduced
LMR Partners LLP16,199$2.98M0.03%−23,849−59.6%Reduced
Azzad Asset Management Inc16,105$2.97M0.29%−191−1.2%Reduced
Skopos Labs, Inc.15,871$2.97M0.14%+6,081+62.1%Added
Insigneo Advisory Services, LLC16,018$2.95M0.21%+119+0.7%Added
Herbst Group, LLC16,014$2.95M1.74%−100−0.6%Reduced
Brown Brothers Harriman & Co16,004$2.95M0.02%+1,340+9.1%Added
ION Fund Management Ltd16,000$2.95M0.38%+16,000New
Kornitzer Capital Management Inc15,912$2.93M0.06%00.0%Unchanged
Mutual Advisors, LLC15,871$2.92M0.06%+208+1.3%Added
Certified Advisory Corp15,821$2.91M0.27%−1,117−6.6%Reduced
Lighthouse Financial Services Inc15,792$2.91M0.67%+15,792New
Castellan Group, LLC15,704$2.89M0.36%+15,704New
Vinva Investment Management Ltd15,463$2.89M0.04%+3,575+30.1%Added
EPG Wealth Management LLC15,581$2.87M0.77%+521+3.5%Added
Strategic Advocates LLC15,325$2.86M0.73%+1,270+9.0%Added
Peak Retirement Planning, Inc.15,486$2.85M0.67%+3,873+33.4%Added
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management15,476$2.85M0.05%−2,079−11.8%Reduced
Analyst IMS Investment Management Services Ltd.15,460$2.85M0.08%00.0%Unchanged
Wealth Enhancement Trust Services, Inc.15,393$2.84M0.36%+15,393New
Western Wealth Management, LLC15,380$2.83M0.13%+854+5.9%Added
Wealthcare Advisory Partners LLC15,321$2.82M0.06%−232−1.5%Reduced
Coldstream Capital Management Inc15,273$2.81M0.04%+352+2.4%Added
Schwab Charitable Fund15,232$2.81M0.06%00.0%Unchanged
IPG Investment Advisors LLC15,187$2.80M0.49%−2,903−16.0%Reduced
Jasper Ridge Partners, L.P.15,186$2.80M0.06%00.0%Unchanged
Mfg Wealth Management, Inc.15,113$2.78M2.17%+3,782+33.4%Added
Marietta Investment Partners LLC15,095$2.78M0.55%+15,095New
Atlantic Trust, LLC15,067$2.78M0.44%−469−3.0%Reduced
Arthur M. Cohen & Associates, LLC15,039$2.77M0.45%+1,897+14.4%Added
Whittier Trust Co14,903$2.77M0.03%+391+2.7%Added
Cornerstone Planning, LLC14,939$2.77M0.64%+14,939New
Icon Advisers Inc15,000$2.76M0.60%00.0%Unchanged
Caldwell Trust Co14,968$2.76M0.25%−97−0.6%Reduced
Wellington Shields & Co., LLC14,962$2.76M0.68%+2,333+18.5%Added
Regions Financial Corp14,944$2.75M0.02%+191+1.3%Added
Oxler Private Wealth LLC14,940$2.75M0.80%00.0%Unchanged
Juno Financial Group LLC14,839$2.73M1.09%+14,839New
RMR Wealth Builders14,829$2.73M0.22%+2,495+20.2%Added
Vivid Wealth Management, LLC14,769$2.72M1.06%+601+4.2%Added
Stamos Capital Partners, L.P.14,744$2.72M0.44%+832+6.0%Added
Lee Danner & Bass Inc14,734$2.71M0.19%+400+2.8%Added
StoneCrest Wealth Management, Inc.14,718$2.71M1.09%+603+4.3%Added
Independence Bank of Kentucky14,558$2.68M0.33%−811−5.3%Reduced
Trust Investment Advisors14,552$2.68M1.43%+999+7.4%Added
MIG Capital, LLC14,548$2.68M0.45%+14,548New
Game Plan Financial Advisors, LLC14,544$2.68M1.08%+1,042+7.7%Added
Maven Securities LTD14,469$2.67M0.34%+14,469New
Alerus Financial NA14,472$2.67M0.13%+22+0.2%Added
Westover Capital Advisors, LLC14,433$2.66M0.48%−59−0.4%Reduced
Vise Technologies, Inc.14,370$2.65M0.05%+6,114+74.1%Added
Aft, Forsyth & Company, Inc.14,327$2.64M1.14%+200+1.4%Added
Syntax Research, Inc.14,240$2.62M1.62%+22+0.2%Added
McGowan Group Asset Management, Inc.14,144$2.61M0.32%+105+0.7%Added
Two Sigma Advisers, LP14,100$2.60M0.01%+5,188+58.2%Added
Ballentine Partners, LLC14,034$2.59M0.04%+44+0.3%Added
Petredis Investment Advisors LLC14,004$2.58M0.20%−163−1.2%Reduced
Aubrey Capital Management Ltd14,000$2.58M1.02%+14,000New
Newman Dignan & Sheerar, Inc.13,955$2.57M0.54%+160+1.2%Added
Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P.13,870$2.55M0.34%00.0%Unchanged
M&G Plc13,768$2.53M0.01%−16−0.1%Reduced
Cornell Pochily Investment Advisors, Inc.13,727$2.53M0.73%−74−0.5%Reduced
Community Bank, N.A.13,625$2.51M0.30%+2,088+18.1%Added
Gs Investments, Inc.13,618$2.51M1.36%−753−5.2%Reduced