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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
New Mexico Educational Retirement Board30,400$5.60M0.17%+500+1.7%Added
RSM US Wealth Management LLC29,670$5.54M0.07%+790+2.7%Added
Morse Asset Management, Inc29,868$5.50M1.10%−124−0.4%Reduced
J.W. Cole Advisors, Inc.35,728$5.46M0.13%+285+0.8%Added
Metis Global Partners, LLC29,588$5.45M0.13%−1,691−5.4%Reduced
UNICOM Systems, Inc.29,500$5.43M0.53%00.0%Unchanged
Ingalls & Snyder LLC29,440$5.42M0.20%+311+1.1%Added
Bragg Financial Advisors, Inc29,425$5.42M0.18%+3,737+14.5%Added
Proactive Wealth Strategies LLC29,293$5.40M2.14%+2,623+9.8%Added
Perigon Wealth Management, LLC29,134$5.37M0.10%−383−1.3%Reduced
Nations Financial Group Inc,29,112$5.36M0.28%+12,126+71.4%Added
WealthBridge Investment Counsel Inc.28,988$5.34M1.60%+28,988New
Ramsay, Stattman, Vela & Price, Inc.28,970$5.34M0.96%00.0%Unchanged
VestGen Advisors, LLC28,949$5.33M0.23%+1,170+4.2%Added
Norway Savings Bank28,924$5.33M2.46%+62+0.2%Added
Dynamic Advisor Solutions LLC28,911$5.33M0.17%−5,439−15.8%Reduced
Cornerstone Wealth Group, LLC28,705$5.29M0.36%+279+1.0%Added
Sterling Capital Management LLC28,705$5.29M0.09%+490+1.7%Added
Siemens Fonds Invest GmbH28,274$5.28M0.28%+2,232+8.6%Added
Capitolis Liquid Global Markets LLC28,622$5.27M0.03%+28,622New
Intesa Sanpaolo Wealth Management28,524$5.25M1.09%+28,524New
Valeo Financial Advisors, LLC28,510$5.25M0.12%−1,300−4.4%Reduced
Rockline Wealth Management, LLC28,353$5.22M1.06%+2,006+7.6%Added
Integrated Wealth Concepts LLC28,058$5.17M0.06%−6,975−19.9%Reduced
MUFG Securities EMEA plc28,040$5.16M0.06%+15,255+119.3%Added
Vision Capital Management, Inc.27,952$5.15M0.62%−50−0.2%Reduced
Sitrin Capital Management LLC27,774$5.12M2.43%+110.0%Added
Trinity Legacy Partners, LLC27,751$5.11M1.17%+424+1.6%Added
City Holding Co27,635$5.09M0.63%+2,925+11.8%Added
Financial Advisors Network, Inc.27,523$5.07M0.69%−184−0.7%Reduced
Citizens Business Bank27,462$5.06M0.84%+608+2.3%Added
PDT Partners, LLC27,399$5.05M0.33%−15,808−36.6%Reduced
Fidelis Capital Partners, LLC27,356$5.04M0.37%+705+2.6%Added
Principle Wealth Partners LLC27,331$5.03M0.28%−70−0.3%Reduced
Brick & Kyle, Associates27,301$5.03M1.78%00.0%Unchanged
Fort Sheridan Advisors LLC27,240$5.02M0.64%+724+2.7%Added
ROI Financial Advisors, LLC27,221$5.01M2.88%−207−0.8%Reduced
Syon Capital LLC27,150$5.00M0.25%+23,225+591.7%Added
Magnus Financial Group LLC27,143$5.00M0.38%+1,440+5.6%Added
Night Squared LP27,136$5.00M1.41%+7,094+35.4%Added
AG2R la Mondiale Gestion D'Actifs27,106$4.99M0.22%+2,324+9.4%Added
Lynch Asset Management, Inc.27,100$4.99M1.57%+450+1.7%Added
Goodman Advisory Group, LLC26,977$4.97M1.22%−9,188−25.4%Reduced
Pallas Capital Advisors LLC26,964$4.97M0.16%+3,879+16.8%Added
Pensionmark Financial Group, LLC26,959$4.97M0.08%+4,082+17.8%Added
Anderson Hoagland & Co26,954$4.96M0.43%+3,613+15.5%Added
Chemung Canal Trust Co26,905$4.96M0.98%−1,194−4.2%Reduced
Mount Yale Investment Advisors, LLC26,730$4.92M0.24%+15,280+133.4%Added
WD Rutherford LLC26,525$4.89M2.04%+118+0.4%Added
Tremblant Capital Group26,508$4.88M0.12%+26,508New
Mendel Money Management26,497$4.88M2.04%+146+0.6%Added
Capital Fund Management S.A.26,484$4.88M0.05%−41,711−61.2%Reduced
CAPROCK Group, Inc.26,477$4.88M0.10%+6,048+29.6%Added
EverSource Wealth Advisors, LLC26,357$4.86M0.18%+1,109+4.4%Added
Fox Hill Wealth Management26,265$4.84M2.25%+14,176+117.3%Added
Xcel Wealth Management, LLC26,210$4.83M1.24%00.0%Unchanged
S&T Bank26,066$4.80M1.52%−6,365−19.6%Reduced
Capstone Investment Advisors, LLC25,950$4.78M0.04%+24,327+1,498.9%Added
International Assets Investment Management, LLC25,885$4.77M0.33%+4,351+20.2%Added
Illinois Municipal Retirement Fund25,756$4.74M0.06%−2,907−10.1%Reduced
BDF-Gestion25,504$4.70M0.58%−1,700−6.2%Reduced
Fifth Third Wealth Advisors LLC25,199$4.64M0.16%+229+0.9%Added
HORAN Wealth, LLC25,162$4.63M0.71%+280+1.1%Added
PKO Investment Management Joint-Stock Co25,000$4.61M0.37%+7,000+38.9%Added
Great Lakes Advisors, LLC24,670$4.54M0.04%−796−3.1%Reduced
Baldwin Investment Management, LLC24,648$4.54M0.51%+393+1.6%Added
Cypress Asset Management Inc24,629$4.54M1.00%−60.0%Reduced
Penobscot Investment Management Company, Inc.24,595$4.53M0.34%−144−0.6%Reduced
Hudson Bay Capital Management LP24,540$4.52M0.03%−7,171−22.6%Reduced
Tokio Marine Asset Management Co Ltd24,417$4.50M0.16%+1,830+8.1%Added
Jefferies Financial Group Inc.24,195$4.46M0.04%+19,112+376.0%Added
Legacy Private Trust Co.24,150$4.45M0.26%−1,029−4.1%Reduced
Rossmore Private Capital24,096$4.44M0.40%+8,176+51.4%Added
MidFirst Bank24,042$4.43M0.35%+24,042New
Stenger Family Office, LLC24,039$4.43M0.91%+766+3.3%Added
Hamilton Wealth, LLC24,006$4.42M0.84%+406+1.7%Added
Moody Lynn & Lieberson, LLC23,991$4.42M0.23%−105−0.4%Reduced
Advisors Management Group Inc23,958$4.41M0.80%+64+0.3%Added
Great Lakes Retirement, Inc.23,648$4.36M0.45%+992+4.4%Added
First American Trust, FSB23,534$4.33M0.30%−434−1.8%Reduced
Snider Financial Group23,377$4.31M1.15%+1,169+5.3%Added
Principal Securities, Inc.23,269$4.29M0.07%−132−0.6%Reduced
Providence Capital Advisors, LLC23,100$4.26M0.72%+23,100New
Jaffetilchin Investment Partners, LLC22,833$4.21M0.25%−2,097−8.4%Reduced
Miracle Mile Advisors, LLC22,809$4.20M0.06%+173+0.8%Added
Cresset Asset Management, LLC22,730$4.19M0.02%+2,387+11.7%Added
Squarepoint Ops LLC22,728$4.19M0.01%−405,460−94.7%Reduced
Missouri Trust & Investment Co22,702$4.18M1.23%+2,309+11.3%Added
BFSG, LLC22,640$4.17M0.41%+1,288+6.0%Added
Global Retirement Partners, LLC22,518$4.15M0.07%−3,751−14.3%Reduced
North Dakota State Investment Board22,518$4.15M0.15%+22,518New
Johnson Investment Counsel Inc22,513$4.15M0.03%−344−1.5%Reduced
Harmony Asset Management LLC22,500$4.14M1.39%+197+0.9%Added
Level Four Advisory Services, LLC22,419$4.13M0.14%+630+2.9%Added
Mission Wealth Management, LP22,412$4.13M0.08%−918−3.9%Reduced
Boothbay Fund Management, LLC22,375$4.12M0.11%+21,238+1,867.9%Added
Buckingham Strategic Partners22,341$4.12M0.05%−4,160−15.7%Reduced
Ellerson Group Inc22,270$4.10M2.78%−487−2.1%Reduced
Coppell Advisory Solutions LLC21,941$4.10M0.41%+4,737+27.5%Added
Woodmont Investment Counsel LLC22,126$4.08M0.26%−89−0.4%Reduced