Ray Dalio’s Palo Alto Networks PANW Stock Holding History

Ray Dalio’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	$2.11M	Buy	+13,169	New	+$2.21M	0.01%	643
2025 Q4	–	Sell	-89,094	Closed	-$18.1M	–	1152
2025 Q3	$18.1M	Sell	89,094 -1,444,198	-94%	-$276M	0.07%	220
2025 Q2	$314M	Buy	1,533,292 +685,059	+81%	+$127M	1.27%	16
2025 Q1	$145M	Buy	848,233 +845,118	+27,131%	+$156M	0.67%	34
2024 Q4	$567K	Buy	+3,115	New	+$588K	﹤0.01%	571
2024 Q2	–	Sell	-3,542	Closed	-$503K	–	926
2024 Q1	$503K	Sell	3,542 -17,158	-83%	-$2.71M	﹤0.01%	624
2023 Q4	$3.05M	Hold	20,700	–	–	0.02%	448
2023 Q3	$2.43M	Hold	20,700	–	–	0.01%	474
2023 Q2	$2.64M	Hold	20,700	–	–	0.02%	429
2023 Q1	$2.07M	Sell	20,700 -2,200	-10%	-$186K	0.01%	458
2022 Q4	$1.6M	Buy	22,900 +1,588	+7%	+$128K	0.01%	567
2022 Q3	$1.75M	Buy	+21,312	New	+$1.85M	0.01%	590
2021 Q2	–	Sell	-17,226	Closed	-$925K	–	753
2021 Q1	$925K	Sell	17,226 -62,670	-78%	-$3.72M	0.01%	326
2020 Q4	$4.73M	Buy	79,896 +25,290	+46%	+$1.18M	0.04%	205
2020 Q3	$2.23M	Buy	54,606 +41,406	+314%	+$1.72M	0.03%	249
2020 Q2	$505K	Buy	+13,200	New	+$465K	0.01%	259
2020 Q1	–	Sell	-29,874	Closed	-$1.15M	–	546
2019 Q4	$1.15M	Buy	+29,874	New	+$1.13M	0.01%	299

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

Ray Dalio's PANW Position: Q1 2026 in Review

Ray Dalio opened a new position in Palo Alto Networks (PANW) in Q1 2026: 13,169 shares worth $2.11M. The stake represents 0.01% of the portfolio and ranks #643 among its holdings. This is a return to the name: Ray Dalio previously reported a position in PANW as recently as Q3 2025.

Ray Dalio first reported a position in PANW in Q4 2019 and has held it in 17 quarters since. The position peaked at $314M in Q2 2025. 2,466 funds tracked by Wall St. Rank hold PANW as of Q1 2026.

Ray Dalio held 13,169 shares of Palo Alto Networks worth $2.11M as of Q1 2026.
Palo Alto Networks was a new Ray Dalio position in Q1 2026.
Palo Alto Networks made up 0.01% of Ray Dalio's portfolio in Q1 2026, its #643 holding.
Ray Dalio first reported a position in Palo Alto Networks in Q4 2019 and has held it in 17 quarters since.
Ray Dalio's Palo Alto Networks position peaked at $314M in Q2 2025.
2,466 funds tracked by Wall St. Rank held Palo Alto Networks as of Q1 2026.

Based on Bridgewater Associates's 13F filing for Q1 2026, filed 15 May 2026.