Palo Alto Networks
PANW
2,461 hedge funds and large institutions have $103B invested in Palo Alto Networks in 2026 Q1 according to their latest regulatory filings, with 259 funds opening new positions, 1,270 increasing their positions, 741 reducing their positions, and 278 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 1,270 | Existing positions reduced: 741
2% more funds holding in top 10
Funds holding in top 10: 56 → 57 (+1)
3% less capital invested
Capital invested by funds: $107B → $103B (-$3.59B)
7% less first-time investments, than exits
New positions opened: 259 | Existing positions closed: 278
7% less call options, than puts
Call options by funds: $3.49B | Put options by funds: $3.76B
3% less funds holding
Funds holding: 2,525 → 2,461 (-64)
4.13% less ownership
Funds ownership: 83.12% → 78.99% (-4.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$2.16B |
| 2 |
State Street
Boston,
Massachusetts
|
+$866M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$560M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$521M |
| 5 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
+$438M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Corient Private Wealth
Miami,
Florida
|
-$337M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$303M |
| 3 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$259M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$242M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$230M |
PANW Hedge Fund Activity: Q1 2026 in Review
2,461 of the 8,134 institutional investors tracked by Wall St. Rank reported a position in Palo Alto Networks (PANW) for Q1 2026, worth a combined $103B — down 3.4% from $107B a quarter earlier.
Sellers outnumbered buyers: 278 funds closed out of PANW and 259 opened new positions — a net loss of 19 holders — while 741 trimmed existing stakes and 1,270 added.
The largest buyer was BlackRock, adding an estimated $2.16B. The largest seller was Corient Private Wealth, cutting an estimated $337M.
- 2,461 institutional investors held Palo Alto Networks (PANW) as of Q1 2026, down from 2,525 in Q4 2025.
- Funds reported $103B of Palo Alto Networks stock for Q1 2026, down 3.4% quarter-over-quarter.
- 259 funds opened new Palo Alto Networks positions in Q1 2026 and 278 closed out, a net change of -19 holders.
- The largest Palo Alto Networks buyer in Q1 2026 was BlackRock, an estimated $2.16B added.
- The largest Palo Alto Networks seller in Q1 2026 was Corient Private Wealth, an estimated $337M sold.
Based on aggregated 13F filings for Q1 2026.