Bank of Montreal’s Palo Alto Networks PANW Stock Holding History

Bank of Montreal’s Portfolio PANW Stock Details PANW Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$64M	Buy	399,500 +397,100	+16,546%	+$66.7M	0.02%	476
2025 Q4	$442K	Sell	2,400 -896,500	-100%	-$181M	﹤0.01%	2369
2025 Q3	$183M	Buy	898,900 +768,100	+587%	+$147M	0.07%	201
2025 Q2	$26.8M	Buy	130,800 +107,200	+454%	+$19.9M	0.01%	629
2025 Q1	$4.03M	Sell	23,600 -29,200	-55%	-$5.4M	﹤0.01%	1249
2024 Q4	$9.61M	Buy	52,800 +23,800	+82%	+$4.5M	﹤0.01%	1004
2024 Q3	$4.87M	Hold	29,000	–	–	﹤0.01%	1325
2024 Q2	$4.95M	Sell	29,000 -4,000	-12%	-$598K	﹤0.01%	1266
2024 Q1	$4.74M	Sell	33,000 -215,000	-87%	-$33.9M	﹤0.01%	1249
2023 Q4	$36.7M	Sell	248,000 -564,200	-69%	-$75.4M	0.01%	578
2023 Q3	$97.6M	Buy	812,200 +761,400	+1,499%	+$90.1M	0.03%	267
2023 Q2	$6.5M	Buy	50,800 +30,000	+144%	+$3.12M	﹤0.01%	1210
2023 Q1	$2.08M	Buy	+20,800	New	+$1.76M	﹤0.01%	1673
2017 Q1	–	Sell	-144,000	Closed	-$3.23M	–	4144
2016 Q4	$3.23M	Buy	+144,000	New	+$3.45M	﹤0.01%	1281

Other funds holding PANW

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Bank of Montreal's PANW Position: Q1 2026 in Review

Bank of Montreal reduced its Palo Alto Networks (PANW) stake by 1.9% in Q1 2026, selling an estimated $9.6M and leaving 2,987,173 shares worth $479M. The position accounts for 0.18% of the portfolio, ranked #102.

Bank of Montreal first reported a position in PANW in Q2 2013 and has held it in 52 quarters since. The position peaked at $771M in Q3 2025. 2,466 funds tracked by Wall St. Rank hold PANW as of Q1 2026.

Bank of Montreal held 2,987,173 shares of Palo Alto Networks worth $479M as of Q1 2026.
Bank of Montreal sold 57,145 Palo Alto Networks shares in Q1 2026, an estimated $9.6M.
Palo Alto Networks made up 0.18% of Bank of Montreal's portfolio in Q1 2026, its #102 holding.
Bank of Montreal first reported a position in Palo Alto Networks in Q2 2013 and has held it in 52 quarters since.
Bank of Montreal's Palo Alto Networks position peaked at $771M in Q3 2025.
2,466 funds tracked by Wall St. Rank held Palo Alto Networks as of Q1 2026.

Based on Bank of Montreal's 13F filing for Q1 2026, filed 13 May 2026.