Dark Forest Capital Management’s Palo Alto Networks PANW Stock Holding History

Dark Forest Capital Management’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	$483K	Sell	3,011 -16,726	-85%	-$2.81M	0.04%	560
2025 Q4	$3.64M	Sell	19,737 -6,815	-26%	-$1.37M	0.17%	173
2025 Q3	$5.41M	Sell	26,552 -60,458	-69%	-$11.6M	0.2%	108
2025 Q2	$17.8M	Buy	87,010 +31,099	+56%	+$5.78M	0.71%	4
2025 Q1	$9.54M	Buy	+55,911	New	+$10.3M	0.43%	10
2024 Q4	–	Sell	-5,296	Closed	-$905K	–	1216
2024 Q3	$905K	Buy	+5,296	New	+$891K	0.12%	191
2023 Q2	–	Sell	-40,132	Closed	-$4.01M	–	1295
2023 Q1	$4.01M	Buy	40,132 +39,766	+10,865%	+$3.37M	0.96%	12
2022 Q4	$25.5K	Buy	366 +354	+2,950%	+$28.4K	0.01%	526
2022 Q3	$1K	Buy	+12	New	+$1.04K	﹤0.01%	1062
2022 Q1	–	Sell	-2,208	Closed	-$205K	–	1630
2021 Q4	$205K	Buy	+2,208	New	+$191K	0.08%	227
2021 Q3	–	Sell	-5,082	Closed	-$314K	–	1473
2021 Q2	$314K	Buy	+5,082	New	+$301K	0.14%	78

Other funds holding PANW

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

State Street Boston, Massachusetts $2.9T AUM 29.55% 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

Dark Forest Capital Management's PANW Position: Q1 2026 in Review

Dark Forest Capital Management reduced its Palo Alto Networks (PANW) stake by 85% in Q1 2026, selling an estimated $2.81M and leaving 3,011 shares worth $483K. The position accounts for 0.04% of the portfolio, ranked #560.

Dark Forest Capital Management first reported a position in PANW in Q2 2021 and has held it in 11 quarters since. The position peaked at $17.8M in Q2 2025. 2,459 funds tracked by Wall St. Rank hold PANW as of Q1 2026.

Dark Forest Capital Management held 3,011 shares of Palo Alto Networks worth $483K as of Q1 2026.
Dark Forest Capital Management sold 16,726 Palo Alto Networks shares in Q1 2026, an estimated $2.81M.
Palo Alto Networks made up 0.04% of Dark Forest Capital Management's portfolio in Q1 2026, its #560 holding.
Dark Forest Capital Management first reported a position in Palo Alto Networks in Q2 2021 and has held it in 11 quarters since.
Dark Forest Capital Management's Palo Alto Networks position peaked at $17.8M in Q2 2025.
2,459 funds tracked by Wall St. Rank held Palo Alto Networks as of Q1 2026.

Based on Dark Forest Capital Management's 13F filing for Q1 2026, filed 15 May 2026.