Ray Dalio
PANW icon

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
Q2 		– Sell
-13,169
Closed -$2.11M – 1132
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 		$1.74M 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
BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return
Vanguard Capital Management
Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM
State Street
State Street Boston, Massachusetts $3.38T AUM 44.17% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return
Invesco
Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return
JP Morgan Chase
JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return
Vanguard Portfolio Management
Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

Ray Dalio's PANW Position: Q2 2026 in Review

Ray Dalio sold out of Palo Alto Networks (PANW) in Q2 2026, closing a stake of 13,169 shares — an estimated $2.11M sold.

Ray Dalio first reported a position in PANW in Q4 2019 and held it in 17 quarters. The position peaked at $314M in Q2 2025. 2,927 funds tracked by Wall St. Rank hold PANW as of Q2 2026.

  • Ray Dalio reported no remaining Palo Alto Networks position as of Q2 2026 after selling out during the quarter.
  • Ray Dalio sold 13,169 Palo Alto Networks shares in Q2 2026, an estimated $2.11M.
  • Ray Dalio first reported a position in Palo Alto Networks in Q4 2019 and held it in 17 quarters.
  • Ray Dalio's Palo Alto Networks position peaked at $314M in Q2 2025.
  • 2,927 funds tracked by Wall St. Rank held Palo Alto Networks as of Q2 2026.

Based on Bridgewater Associates's 13F filing for Q2 2026, filed 14 Aug 2026.