Kingdon Capital Management’s Palo Alto Networks PANW Stock Holding History

Kingdon 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
2025 Q4	–	Sell	-45,000	Closed	-$9.16M	–	94
2025 Q3	$9.16M	Buy	+45,000	New	+$8.61M	1.14%	39
2023 Q4	–	Sell	-76,000	Closed	-$8.91M	–	90
2023 Q3	$8.91M	Sell	76,000 -44,000	-37%	-$5.21M	1.03%	38
2023 Q2	$15.3M	Buy	120,000 +11,000	+10%	+$1.14M	1.45%	22
2023 Q1	$10.9M	Sell	109,000 -111,000	-50%	-$9.41M	2.05%	21
2022 Q4	$15.3M	Buy	220,000 +45,000	+26%	+$3.61M	3.06%	12
2022 Q3	$14.3M	Buy	175,000 +55,000	+46%	+$4.76M	1.83%	11
2022 Q2	$9.88M	Buy	120,000 +4,500	+4%	+$399K	1.68%	16
2022 Q1	$12M	Sell	115,500 -117,900	-51%	-$10.6M	1.25%	22
2021 Q4	$21.7M	Buy	+233,400	New	+$20.2M	2.49%	11
2018 Q2	–	Sell	-387,978	Closed	-$11.7M	–	131
2018 Q1	$11.7M	Sell	387,978 -4,482	-1%	-$125K	0.93%	39
2017 Q4	$9.48M	Buy	+392,460	New	+$9.55M	0.61%	54
2015 Q3	–	Sell	-648,000	Closed	-$18.9M	–	153
2015 Q2	$18.9M	Sell	648,000 -169,566	-21%	-$4.53M	0.74%	45
2015 Q1	$19.9M	Sell	817,566 -1,056,234	-56%	-$23.6M	0.84%	35
2014 Q4	$38.3M	Sell	1,873,800 -136,200	-7%	-$2.51M	1.66%	15
2014 Q3	$32.9M	Buy	2,010,000 +600,000	+43%	+$8.61M	1.48%	10
2014 Q2	$19.7M	Buy	1,410,000 +880,200	+166%	+$10.3M	0.76%	32
2014 Q1	$6.06M	Buy	+529,800	New	+$6.01M	0.31%	93

Other funds holding PANW

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

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

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

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

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Kingdon Capital Management's PANW Position: Q4 2025 in Review

Kingdon Capital Management sold out of Palo Alto Networks (PANW) in Q4 2025, closing a stake of 45,000 shares — an estimated $9.16M sold.

Kingdon Capital Management first reported a position in PANW in Q1 2014 and held it in 17 quarters. The position peaked at $38.3M in Q4 2014. 2,528 funds tracked by Wall St. Rank hold PANW as of Q4 2025.

Kingdon Capital Management reported no remaining Palo Alto Networks position as of Q4 2025 after selling out during the quarter.
Kingdon Capital Management sold 45,000 Palo Alto Networks shares in Q4 2025, an estimated $9.16M.
Kingdon Capital Management first reported a position in Palo Alto Networks in Q1 2014 and held it in 17 quarters.
Kingdon Capital Management's Palo Alto Networks position peaked at $38.3M in Q4 2014.
2,528 funds tracked by Wall St. Rank held Palo Alto Networks as of Q4 2025.

Based on Kingdon Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.