PANW
Palo Alto Networks, Inc. · Technology · Software - Infrastructure
Momentum inputs (comparable managers):
holder breadth +6.2% ·
share flow -0.3% ·
net new positions +5.9%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 167 | -5 | 535.68M | $182.17B | +4 | −8 |
| Q1 2026 | 174 | -2 | 505.92M | $81.00B | +3 | −6 |
| Q4 2025 | 175 | 0 | 482.89M | $88.92B | +2 | −1 |
| Q3 2025 | 24 | +1 | 254.62M | $51.83B | +1 | −1 |
| Q2 2025 | 21 | +1 | 186.58M | $38.16B | +1 | — |
| Q1 2025 | 17 | -2 | 59.23M | $10.09B | — | −2 |
| Q4 2024 | 19 | +1 | 55.69M | $10.13B | +1 | — |
| Q3 2024 | 17 | +1 | 13.05M | $4.45B | +1 | — |
| Q2 2024 | 16 | — | 13.09M | $4.43B | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Geode Capital Management ✦ (passive) | 7.66M | +3.0% | $2.61B | 0.2% | ▲ Add | 2 | SEC ↗ ×2 |
| 2 | Norges Bank ✦ (passive) | 1.71M | -36.1% | $585.71M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 3 | T. Rowe Price ✦ | 1.07M | +6.2% | $366.74M | 0.0% | ▲ Add | 2 | SEC ↗ ×2 |
| 4 | PRIMECAP Management ✦ | 512.39K | -0.7% | $175.13M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 5 | Citadel Advisors ✦ | 391.62K | +11.2% | $133.86M | 0.1% | ▲ Add | 2 | SEC ↗ ×2 |
| 6 | Wellington Management ✦ | 313.75K | +1.8% | $107.24M | 0.0% | ▲ Add | 2 | SEC ↗ ×6 |
| 7 | Adage Capital Partners ✦ | 273.20K | -9.8% | $93.38M | 0.2% | ▼ Trim | 2 | SEC ↗ |
| 8 | Renaissance Technologies ✦ | 251.50K | +360.6% | $85.96M | 0.1% | ▲ Add | 2 | SEC ↗ |
| 9 | AQR Capital Management ✦ | 240.16K | +266.1% | $81.57M | 0.1% | ▲ Add | 2 | SEC ↗ ×5 |
| 10 | Millennium Management ✦ | 237.12K | +23541.5% | $81.05M | 0.1% | ▲ Add | 2 | SEC ↗ |
| 11 | Marshall Wace ✦ | 187.96K | +12456.0% | $64.25M | 0.1% | ▲ Add | 2 | SEC ↗ ×3 |
| 12 | D. E. Shaw & Co. ✦ | 114.46K | -52.5% | $39.12M | 0.1% | ▼ Trim | 2 | SEC ↗ ×3 |
| 13 | Duquesne Family Office ✦ | 43.71K | -50.9% | $14.94M | 0.5% | ▼ Trim | 2 | SEC ↗ |
| 14 | Gotham Asset Management ✦ | 28.68K | +46.5% | $9.80M | 0.1% | ▲ Add | 2 | SEC ↗ |
| 15 | GAMCO Investors ✦ | 8.79K | -1.1% | $3.00M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 16 | Fisher Asset Management ✦ | 2.59K | +35.4% | $886,057 | 0.0% | ▲ Add | 2 | SEC ↗ |
| 17 | Two Sigma Investments ✦ | 742 | New | $253,616 | 0.0% | New | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Two Sigma Investments | $253,616 | 0.0% |
Exited
| No tracked exits this quarter. |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 1 holders, 161.40K shares, $25,875 reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.
Open-market purchases (P)
No open-market insider purchases in our coverage window.
Open-market sales (S)
Director · 170 sh · $69,700
Director · 80 sh · $33,370
Officer · 900 sh · $349,819
Officer · 2.16K sh · $842,074
Officer · 9.54K sh · $3.73M
Officer · 5.30K sh · $2.08M
Officer · 6.40K sh · $2.51M
Officer · 2.20K sh · $865,880
Officer · 900 sh · $355,479
Officer · 100 sh · $39,621
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology