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
2023 Q3	–	Sell	-96,000	Closed	-$12.3M	–	96
2023 Q2	$12.3M	Buy	+96,000	New	+$9.99M	1.16%	30
2023 Q1	–	Sell	-290,000	Closed	-$20.2M	–	69
2022 Q4	$20.2M	Buy	+290,000	New	+$23.3M	4.03%	5
2022 Q1	–	Sell	-88,200	Closed	-$8.18M	–	101
2021 Q4	$8.18M	Buy	+88,200	New	+$7.63M	0.94%	36

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 $1.66T AUM 25.57% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 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

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

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 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. 2,525 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.
2,525 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.