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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
Wallington Asset Management, LLC87,078$16.0M2.03%+150+0.2%Added
J. Safra Sarasin Holding AG86,755$16.0M0.26%−64,023−42.5%Reduced
Fiera Capital Corp86,444$15.9M0.05%+20,980+32.0%Added
Picton Mahoney Asset Management85,747$15.8M0.17%+16,824+24.4%Added
Brookstone Capital Management85,546$15.8M0.18%+3,771+4.6%Added
FineMark National Bank & Trust85,075$15.7M0.49%−3,279−3.7%Reduced
NewEdge Wealth, LLC84,651$15.6M0.18%+1,078+1.3%Added
Randolph Co Inc84,298$15.5M1.49%+923+1.1%Added
S&CO Inc83,346$15.4M0.95%+92+0.1%Added
Investment Management Corp of Ontario82,919$15.3M0.20%+14,571+21.3%Added
Amussen Hunsaker Associates LLC82,717$15.2M1.56%−1,296−1.5%Reduced
Fiduciary Group LLC82,632$15.2M1.28%−578−0.7%Reduced
Coastline Trust Co82,447$15.2M1.43%+80.0%Added
Security National Bank82,379$15.2M2.18%−287−0.3%Reduced
Louisiana State Employees Retirement System81,500$15.0M0.26%−2,300−2.7%Reduced
Pathstone Holdings, LLC81,434$15.0M0.06%+2,235+2.8%Added
Advocacy Wealth Management Services, LLC80,543$14.8M0.62%−372−0.5%Reduced
Vega Investment Solutions73,404$14.8M2.35%+73,404New
Telos Capital Management, Inc.79,640$14.7M1.37%+880+1.1%Added
PEAK6 LLC79,628$14.7M0.40%+21,038+35.9%Added
Sava Infond d.o.o.79,580$14.7M1.98%−850−1.1%Reduced
Sit Investment Associates Inc79,417$14.6M0.29%+838+1.1%Added
SFE Investment Counsel79,334$14.6M2.28%+2,374+3.1%Added
Stephens Inc78,900$14.6M0.18%−5,067−6.0%Reduced
Consolidated Investment Group LLC79,034$14.6M1.74%−6,748−7.9%Reduced
Edmond de Rothschild Holding S.A.78,984$14.5M0.21%+28,552+56.6%Added
Bogart Wealth, LLC78,970$14.5M0.58%+4,311+5.8%Added
Mutual of America Capital Management LLC78,675$14.5M0.15%+835+1.1%Added
Oregon Public Employees Retirement Fund78,346$14.4M0.18%+1,977+2.6%Added
Y.D. More Investments Ltd77,889$14.3M0.69%−4,790−5.8%Reduced
Qube Research & Technologies Ltd77,653$14.3M0.02%+77,653New
Concurrent Investment Advisors, LLC77,438$14.3M0.16%+22,910+42.0%Added
Jennison Associates LLC76,908$14.2M0.01%+23,990+45.3%Added
Winton Group Ltd76,681$14.1M0.49%+76,681New
EagleClaw Capital Managment, LLC76,113$14.0M2.03%−365−0.5%Reduced
Rothschild Investment LLC75,747$14.0M0.77%−1,867−2.4%Reduced
Park Avenue Securities LLC74,819$13.8M0.12%+4,136+5.9%Added
Millennium Management LLC74,723$13.8M0.01%+23,145+44.9%Added
Cary Street Partners Financial LLC74,444$13.7M0.34%+7,569+11.3%Added
TrimTabs Asset Management, LLC74,257$13.7M1.79%−10,406−12.3%Reduced
OP Asset Management Ltd74,090$13.6M0.17%+410+0.6%Added
QRG Capital Management, Inc.73,952$13.6M0.15%+7,792+11.8%Added
Compass Capital Management, Inc73,794$13.6M0.76%−16,043−17.9%Reduced
Sumitomo Life Insurance Co73,658$13.6M0.37%+2,664+3.8%Added
Bearing Point Capital, LLC73,623$13.6M2.12%+5,601+8.2%Added
CFM Wealth Partners LLC73,443$13.5M1.95%−3,602−4.7%Reduced
Parallax Volatility Advisers, L.P.72,963$13.4M0.42%+67,655+1,274.6%Added
Banque Pictet & Cie SA72,894$13.4M0.13%+3,860+5.6%Added
Envestnet Portfolio Solutions, Inc.72,520$13.4M0.05%−281−0.4%Reduced
Ethic Inc.72,443$13.3M0.21%+4,564+6.7%Added
Pinnacle Associates Ltd72,369$13.3M0.17%+815+1.1%Added
Lombard Odier Asset Management (Europe) Ltd72,291$13.3M0.68%+72,291New
Impax Asset Management Group plc71,738$13.2M0.08%−63,059−46.8%Reduced
Motley Fool Asset Management LLC71,543$13.2M0.51%+18,391+34.6%Added
D.A. Davidson & Co.71,352$13.1M0.08%−56−0.1%Reduced
Trust Co of Toledo NA71,137$13.1M1.29%−151−0.2%Reduced
Yousif Capital Management, LLC71,163$13.1M0.14%−3,497−4.7%Reduced
Avalon Trust Co70,978$13.1M0.85%+3,003+4.4%Added
Agf Management Ltd70,782$13.0M0.06%00.0%Unchanged
Motco70,668$13.0M1.18%−535−0.8%Reduced
Walleye Capital LLC70,259$12.9M0.07%+55,192+366.3%Added
Bensler, LLC70,221$12.9M1.30%+3,785+5.7%Added
Strategic Planning Group, LLC70,068$12.9M1.66%+3,735+5.6%Added
HCR Wealth Advisors69,978$12.9M1.28%00.0%Unchanged
Ithaka Group LLC69,647$12.8M2.29%+890+1.3%Added
National Asset Management, Inc.69,433$12.8M0.60%+612+0.9%Added
ASR Vermogensbeheer N.V.69,227$12.8M0.15%+8,194+13.4%Added
Trifecta Capital Advisors, LLC69,078$12.7M1.88%+1,716+2.5%Added
Eagle Global Advisors LLC68,820$12.7M0.47%−345−0.5%Reduced
Ibex Wealth Advisors68,805$12.7M1.24%+1,866+2.8%Added
Van Eck Associates Corp68,385$12.6M0.01%+14,076+25.9%Added
Crestwood Advisors Group LLC67,940$12.5M0.21%−10,187−13.0%Reduced
State of Alaska, Department of Revenue67,880$12.5M0.13%−3,730−5.2%Reduced
Norinchukin Bank, The67,597$12.5M0.15%+8,555+14.5%Added
Teamwork Financial Advisors, LLC67,338$12.4M1.32%−7,471−10.0%Reduced
Wedbush Securities Inc67,109$12.4M0.36%+6,727+11.1%Added
Wealthfront Advisers LLC66,974$12.3M0.03%+64+0.1%Added
Ci Investments Inc.66,818$12.3M0.05%+64,109+2,366.5%Added
Spirepoint Private Client, LLC66,729$12.3M1.17%+6,201+10.2%Added
Azimuth Capital Investment Management LLC66,601$12.3M0.44%−1,960−2.9%Reduced
Empower Advisory Group, LLC66,579$12.3M0.03%+9,026+15.7%Added
Legacy Trust66,527$12.3M2.29%+876+1.3%Added
Massmutual Trust Co FSB66,395$12.2M0.31%+48,018+261.3%Added
Moran Wealth Management, LLC66,062$12.2M0.37%+799+1.2%Added
EFG International AG65,958$12.1M0.23%+65,958New
Cullen/Frost Bankers, Inc.65,733$12.1M0.13%+3,978+6.4%Added
Profund Advisors LLC65,703$12.1M0.37%+5,216+8.6%Added
IMC-Chicago, LLC65,702$12.1M0.21%+65,702New
Optiver Holding B.V.65,696$12.1M0.22%+65,696New
IFP Advisors, Inc65,187$12.0M0.27%+37,073+131.9%Added
Balyasny Asset Management LLC64,154$11.8M0.02%+37,006+136.3%Added
Mediolanum International Funds Ltd63,179$11.8M0.12%+43,913+227.9%Added
Snowden Capital Advisors LLC63,995$11.8M0.30%+1,324+2.1%Added
FIL Ltd63,905$11.8M0.01%+5,833+10.0%Added
NLB Skladi, upravljanje premozenja, d.o.o.63,342$11.7M0.53%+63,342New
First American Bank63,234$11.6M0.71%−58−0.1%Reduced
Parallel Advisors, LLC61,940$11.4M0.21%+1,805+3.0%Added
Kempen Capital Management N.V.61,652$11.4M0.10%+3,138+5.4%Added
Marietta Wealth Management, LLC61,517$11.3M1.31%+705+1.2%Added
Stratos Wealth Advisors, LLC61,278$11.3M0.55%−326−0.5%Reduced