Rheos Capital Works’s Palo Alto Networks PANW Stock Holding History

Rheos Capital Works’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	-57,700	Closed	-$11.7M	–	75
2025 Q3	$11.7M	Hold	57,700	–	–	0.66%	48
2025 Q2	$11.8M	Sell	57,700 -22,500	-28%	-$4.18M	0.68%	44
2025 Q1	$13.7M	Sell	80,200 -28,000	-26%	-$5.18M	1.11%	37
2024 Q4	$19.7M	Buy	108,200 +46,200	+75%	+$8.73M	1.09%	31
2024 Q3	$10.6M	Sell	62,000 -68,000	-52%	-$11.4M	0.55%	66
2024 Q2	$22M	Sell	130,000 -94,000	-42%	-$14.1M	1.15%	27
2024 Q1	$31.8M	Sell	224,000 -92,000	-29%	-$14.5M	1.52%	17
2023 Q4	$46.6M	Hold	316,000	–	–	2.57%	8
2023 Q3	$37M	Sell	316,000 -245,200	-44%	-$29M	2.23%	7
2023 Q2	$71.7M	Buy	561,200 +69,800	+14%	+$7.26M	3.86%	3
2023 Q1	$49.1M	Buy	491,400 +428,400	+680%	+$36.3M	2.73%	7
2022 Q4	$4.4M	Sell	63,000 -9,000	-13%	-$723K	0.26%	109
2022 Q3	$5.9M	Buy	72,000 +21,000	+41%	+$1.82M	0.4%	94
2022 Q2	$4.2M	Buy	+51,000	New	+$4.52M	0.32%	102
2020 Q3	–	Sell	-173,400	Closed	-$6.64M	–	73
2020 Q2	$6.64M	Buy	173,400 +20,400	+13%	+$719K	0.46%	47
2020 Q1	$4.18M	Buy	+153,000	New	+$5.34M	0.44%	44

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

Rheos Capital Works's PANW Position: Q4 2025 in Review

Rheos Capital Works sold out of Palo Alto Networks (PANW) in Q4 2025, closing a stake of 57,700 shares — an estimated $11.7M sold.

Rheos Capital Works first reported a position in PANW in Q1 2020 and held it in 16 quarters. The position peaked at $71.7M in Q2 2023. 2,526 funds tracked by Wall St. Rank hold PANW as of Q4 2025.

Rheos Capital Works reported no remaining Palo Alto Networks position as of Q4 2025 after selling out during the quarter.
Rheos Capital Works sold 57,700 Palo Alto Networks shares in Q4 2025, an estimated $11.7M.
Rheos Capital Works first reported a position in Palo Alto Networks in Q1 2020 and held it in 16 quarters.
Rheos Capital Works's Palo Alto Networks position peaked at $71.7M in Q2 2023.
2,526 funds tracked by Wall St. Rank held Palo Alto Networks as of Q4 2025.

Based on Rheos Capital Works's 13F filing for Q4 2025, filed 21 Jan 2026.