Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in PANW held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 75.8M | $25.83B | +4.6% | 11.116% | 0.38% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 53.1M | $18.12B | +0.7% | 7.796% | 0.39% |
| 3 | STATE STREET CORP | 37.0M | $12.61B | +4.2% | 5.426% | 0.19% |
| 4 | MORGAN STANLEY | 29.5M | $10.04B | -8.9% | 4.321% | 0.53% |
| 5 | Invesco Ltd. | 25.7M | $8.75B | +49.9% | 3.766% | 0.69% |
| 6 | BANK OF AMERICA CORP /DE/ | 22.7M | $7.73B | +0.9% | 3.328% | 0.50% |
| 7 | JPMORGAN CHASE & CO | 21.7M | $7.21B | +61.2% | 3.186% | 0.40% |
| 8 | FMR LLC | 20.1M | $6.84B | +147.4% | 2.943% | 0.30% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 19.6M | $6.67B | +1.5% | 2.878% | 0.36% |
| 10 | VANGUARD PORTFOLIO MANAGEMENT LLC | 19.3M | $6.60B | -1.3% | 2.839% | 0.30% |
| 11 | JANE STREET GROUP, LLC | 16.4M | $5.59B | +183.3% | 2.405% | 0.46% |
| 12 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 13.8M | $4.71B | +26.0% | 2.025% | 0.37% |
| 13 | UBS Group AG | 10.0M | $3.43B | -8.5% | 1.474% | 0.44% |
| 14 | NORGES BANK | 9.8M | $3.33B | — | 1.431% | 0.33% |
| 15 | Nuveen, LLC | 9.0M | $3.07B | +12.7% | 1.323% | 0.73% |
| 16 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME | 8.8M | $2.99B | +8.8% | 1.288% | 0.54% |
| 17 | NORTHERN TRUST CORP | 8.8M | $2.99B | +0.9% | 1.285% | 0.35% |
| 18 | GOLDMAN SACHS GROUP INC | 8.5M | $2.90B | +22.9% | 1.249% | 0.25% |
| 19 | CITADEL ADVISORS LLC | 8.5M | $2.88B | +20.6% | 1.241% | 0.16% |
| 20 | PeakShares LLC | 8K | $2.75B | +7.3% | 0.001% | 2.04% |
| 21 | ROYAL BANK OF CANADA | 7.5M | $2.55B | -1.4% | 1.099% | 0.38% |
| 22 | AMERIPRISE FINANCIAL INC | 6.6M | $2.25B | +1.0% | 0.963% | 0.45% |
| 23 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 6.4M | $2.18B | +7.3% | 0.937% | 0.29% |
| 24 | WELLS FARGO & COMPANY/MN | 6.0M | $2.04B | -3.2% | 0.877% | 0.33% |
| 25 | Legal & General Group Plc | 5.8M | $1.97B | -7.7% | 0.847% | 0.41% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in PANW — a direct measure of their conviction.
Filings activity in PANW during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new PANW position in Q2 2026
Institutions that fully closed their PANW position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 2,939 | +20% | 105.67% | 8.81 pp | $241.46B | +124% |
| Q1 2026 | 2,459 | 0.4% | 114.48% | +12.17 pp | $107.93B | +1.7% |
| Q4 2025 | 2,470 | +3.1% | 102.31% | 4.49 pp | $106.10B | 9.7% |
| Q3 2025 | 2,395 | +3.1% | 106.80% | +8.30 pp | $117.45B | +9.6% |
| Q2 2025 | 2,323 | +6.4% | 98.50% | +5.27 pp | $107.18B | +28% |
| Q1 2025 | 2,183 | 0.4% | 93.23% | +15.39 pp | $83.62B | 11% |
| Q4 2024 | 2,192 | +11% | 77.84% | +5.40 pp | $94.06B | +11% |
| Q3 2024 | 1,975 | — | 72.44% | — | $84.37B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying PANW stock.
Based on Q2 2026 13F filings, institutional ownership of Palo Alto Networks, Inc. stands at 105.7%, held across 2,939 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of PANW, with approximately 75,753,509 shares worth $25.83B as of Q2 2026.
Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of PANW, including JANE STREET GROUP, LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC.
Our composite Smart Money Score for PANW is 69 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
552 institutions opened new positions in PANW during Q2 2026, while 120 fully exited. 2,161 added to existing positions and 121 trimmed.
PANW institutional ownership fell by 8.81 percentage points quarter-over-quarter, with a net change of +480 holders.
The top 10 institutions account for 45.7% of all reported 13F value in PANW, and the top 25 account for 64.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Palo Alto Networks, Inc. (PANW) Institutional Ownership