BlackRock Fund Advisors’s Palo Alto Networks PANW Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	$127M	Buy	6,078,996 +437,334	+8%	+$10.5M	0.02%	1019
2016 Q3	$150M	Buy	5,641,662 +261,630	+5%	+$5.96M	0.03%	757
2016 Q2	$110M	Buy	5,380,032 +657,048	+14%	+$15.2M	0.02%	899
2016 Q1	$128M	Sell	4,722,984 -174,036	-4%	-$4.28M	0.03%	751
2015 Q4	$144M	Buy	4,897,020 +406,692	+9%	+$11.7M	0.03%	684
2015 Q3	$129M	Sell	4,490,328 -43,674	-1%	-$1.29M	0.03%	716
2015 Q2	$132M	Buy	4,534,002 +946,518	+26%	+$25.3M	0.03%	771
2015 Q1	$87.3M	Sell	3,587,484 -60,444	-2%	-$1.35M	0.02%	1105
2014 Q4	$74.5M	Buy	3,647,928 +95,286	+3%	+$1.76M	0.02%	1175
2014 Q3	$58.1M	Buy	3,552,642 +29,406	+0.8%	+$422K	0.02%	1260
2014 Q2	$49.2M	Buy	3,523,236 +468,204	+15%	+$5.47M	0.01%	1404
2014 Q1	$34.9M	Buy	3,055,032 +504,744	+20%	+$5.73M	0.01%	1653
2013 Q4	$24.4M	Buy	2,550,288 +33,930	+1%	+$269K	0.01%	1873
2013 Q3	$19.2M	Buy	2,516,358 +559,206	+29%	+$4.41M	0.01%	1991
2013 Q2	$13.8M	Buy	+1,957,152	New	+$16.3M	0.01%	2069