| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| VANGUARD GROUP INC | 9.8% | $13,289,965,658 | 65,268,469 | The Vanguard Group | 30 Sep 2025 |
As of 31 Dec 2025, 2,450 institutional investors reported holding 557,213,602 shares of Palo Alto Networks Inc - Common Stock (PANW). This represents 83% of the company’s total 669,420,195 outstanding shares.
The largest institutional shareholders of Palo Alto Networks Inc - Common Stock (PANW) together control 51% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| VANGUARD GROUP INC | 10% | 67,929,063 | +4.1% | 0.18% | $12,512,533,405 |
| BlackRock, Inc. | 8.9% | 59,562,981 | +7.4% | 0.19% | $10,971,501,073 |
| MORGAN STANLEY | 4.6% | 30,462,984 | -0.96% | 0.34% | $5,611,282,034 |
| STATE STREET CORP | 4.5% | 30,331,705 | +2% | 0.19% | $5,587,100,061 |
| BANK OF AMERICA CORP /DE/ | 2.9% | 19,375,486 | +11% | 0.26% | $3,568,964,446 |
| GEODE CAPITAL MANAGEMENT, LLC | 2.4% | 15,989,257 | +3.5% | 0.18% | $2,934,935,019 |
| JPMORGAN CHASE & CO | 1.7% | 11,503,089 | -27% | 0.14% | $2,118,869,377 |
| UBS Group AG | 1.3% | 8,836,576 | +9.3% | 0.32% | $1,627,697,301 |
| FMR LLC | 1.2% | 8,138,673 | +7.1% | 0.08% | $1,499,143,606 |
| NORGES BANK | 1.1% | 7,683,841 | 0.15% | $1,415,363,512 | |
| ROYAL BANK OF CANADA | 1.1% | 7,601,736 | -23% | 0.25% | $1,400,241,000 |
| NORTHERN TRUST CORP | 1.1% | 7,521,047 | -0.1% | 0.18% | $1,385,376,859 |
| Nuveen, LLC | 1.1% | 7,219,205 | -5.8% | 0.35% | $1,329,777,561 |
| FIRST TRUST ADVISORS LP | 0.93% | 6,193,015 | +4.8% | 0.83% | $1,140,753,396 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.91% | 6,103,299 | +3.1% | 0.24% | $1,124,227,676 |
| Invesco Ltd. | 0.87% | 5,849,091 | +11% | 0.17% | $1,077,402,634 |
| WELLS FARGO & COMPANY/MN | 0.85% | 5,720,868 | +2.5% | 0.21% | $1,053,783,818 |
| Clearbridge Investments, LLC | 0.84% | 5,601,625 | -4.4% | 0.83% | $1,031,819,406 |
| Legal & General Group Plc | 0.81% | 5,413,713 | -0.49% | 0.22% | $997,205,931 |
| AMERIPRISE FINANCIAL INC | 0.79% | 5,278,829 | -5.5% | 0.22% | $971,977,416 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.74% | 4,928,031 | +4.5% | 0.14% | $907,743,339 |
| GOLDMAN SACHS GROUP INC | 0.69% | 4,586,714 | -14% | 0.12% | $844,872,725 |
| Pictet Asset Management Holding SA | 0.65% | 4,356,617 | +7.9% | 0.78% | $802,691,407 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 0.65% | 4,337,468 | -4.7% | 0.09% | $798,962,000 |
| BARCLAYS PLC | 0.61% | 4,095,982 | -29% | 0.3% | $754,479,887 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 557,213,602 | $102,588,255,518 | +$1,715,240,077 | $184.20 | 2,450 |
| 2025 Q3 | 547,979,295 | $111,580,884,062 | +$5,146,431,814 | $203.62 | 2,412 |
| 2025 Q2 | 521,905,514 | $106,703,909,826 | +$2,900,851,126 | $204.64 | 2,352 |
| 2025 Q1 | 508,685,539 | $86,750,307,507 | +$319,163,467 | $170.64 | 2,226 |
| 2024 Q4 | 507,882,433 | $92,372,321,286 | +$46,155,286,003 | $181.96 | 2,255 |
| 2024 Q3 | 247,823,109 | $84,744,411,363 | +$428,932,072 | $341.80 | 2,045 |
| 2024 Q2 | 246,557,520 | $83,572,597,797 | +$773,078,347 | $339.01 | 1,986 |
| 2024 Q1 | 244,377,590 | $69,412,030,948 | -$3,508,649,505 | $284.13 | 1,874 |
| 2023 Q4 | 258,027,538 | $76,087,476,370 | -$1,656,630,700 | $294.88 | 1,811 |
| 2023 Q3 | 263,277,021 | $61,777,725,080 | -$1,040,916,884 | $234.44 | 1,624 |
| 2023 Q2 | 265,599,874 | $67,846,277,493 | +$3,306,191,946 | $255.51 | 1,577 |
| 2023 Q1 | 255,663,821 | $50,977,744,189 | +$1,337,536,640 | $199.74 | 1,452 |
| 2022 Q4 | 253,623,594 | $35,405,583,030 | -$547,147,530 | $139.54 | 1,361 |
| 2022 Q3 | 256,479,229 | $42,046,880,305 | +$27,206,885,152 | $163.79 | 1,330 |
| 2022 Q2 | 86,482,546 | $42,712,379,238 | +$379,198,879 | $493.94 | 1,309 |
| 2022 Q1 | 85,999,528 | $53,419,480,232 | +$1,651,177,529 | $622.51 | 1,298 |
| 2021 Q4 | 83,533,983 | $46,465,598,625 | -$1,069,430,397 | $556.76 | 1,210 |
| 2021 Q3 | 85,181,168 | $40,793,093,200 | +$1,728,034,137 | $479.00 | 1,075 |
| 2021 Q2 | 81,472,697 | $30,233,158,657 | +$263,322,532 | $371.05 | 972 |
| 2021 Q1 | 81,251,509 | $26,167,205,743 | -$308,682,309 | $322.06 | 955 |
| 2020 Q4 | 82,187,268 | $29,197,852,610 | +$1,126,328,312 | $355.39 | 926 |
| 2020 Q3 | 78,716,586 | $19,258,492,897 | -$129,619,684 | $244.75 | 809 |
| 2020 Q2 | 79,512,380 | $18,263,111,680 | +$404,077,382 | $229.67 | 783 |
| 2020 Q1 | 78,046,248 | $12,797,807,091 | -$301,849,450 | $163.96 | 676 |
| 2019 Q4 | 78,666,335 | $18,199,544,184 | +$29,454,638 | $231.25 | 796 |
| 2019 Q3 | 78,683,985 | $16,036,610,972 | +$288,175,979 | $203.83 | 734 |
| 2019 Q2 | 77,235,735 | $15,739,163,466 | +$139,039,567 | $203.76 | 760 |
| 2019 Q1 | 76,964,669 | $18,685,537,359 | +$241,989,790 | $242.88 | 814 |
| 2018 Q4 | 76,421,665 | $14,395,566,098 | -$450,312,390 | $188.35 | 731 |
| 2018 Q3 | 78,098,303 | $17,586,320,464 | +$252,914,248 | $225.26 | 735 |
| 2018 Q2 | 76,937,019 | $15,803,601,988 | +$91,972,111 | $205.47 | 684 |
| 2018 Q1 | 76,858,663 | $13,947,031,881 | +$312,804,472 | $181.52 | 655 |
| 2017 Q4 | 75,741,298 | $10,978,383,477 | +$166,426,264 | $144.94 | 616 |
| 2017 Q3 | 74,266,233 | $10,696,364,291 | +$475,861,495 | $144.10 | 564 |
| 2017 Q2 | 71,044,408 | $9,498,784,398 | -$204,973,203 | $133.81 | 555 |
| 2017 Q1 | 72,965,772 | $8,222,083,674 | -$29,435,939 | $112.68 | 548 |
| 2016 Q4 | 77,018,683 | $9,632,881,323 | -$465,251,088 | $125.05 | 543 |
| 2016 Q3 | 79,812,677 | $12,711,028,335 | +$1,008,488,178 | $159.33 | 517 |
| 2016 Q2 | 73,667,475 | $9,036,946,476 | -$36,214,182 | $122.64 | 505 |
| 2016 Q1 | 72,562,023 | $11,834,249,255 | +$789,510,823 | $163.14 | 537 |
| 2015 Q4 | 68,470,570 | $12,058,908,345 | +$416,058,419 | $176.14 | 565 |
| 2015 Q3 | 65,895,207 | $11,332,172,199 | -$274,252,804 | $172.00 | 517 |
| 2015 Q2 | 67,584,378 | $11,805,730,369 | -$47,233,019 | $174.70 | 481 |
| 2015 Q1 | 68,124,354 | $9,949,010,673 | +$386,227,403 | $146.08 | 443 |
| 2014 Q4 | 65,427,236 | $8,017,475,570 | +$384,273,693 | $122.57 | 386 |
| 2014 Q3 | 65,077,569 | $6,198,837,533 | +$113,379,951 | $98.10 | 310 |
| 2014 Q2 | 64,326,995 | $5,254,694,929 | +$404,204,312 | $83.85 | 262 |
| 2014 Q1 | 60,231,228 | $4,044,362,767 | +$89,432,114 | $68.60 | 223 |