Palo Alto Networks
PANW
2,429 hedge funds and large institutions have $112B invested in Palo Alto Networks in 2025 Q3 according to their latest regulatory filings, with 238 funds opening new positions, 1,247 increasing their positions, 652 reducing their positions, and 138 closing their positions.
91% more repeat investments, than reductions
Existing positions increased: 1,247 | Existing positions reduced: 652
72% more first-time investments, than exits
New positions opened: 238 | Existing positions closed: 138
3.67% more ownership
Funds ownership: 78.72% → 82.39% (+3.7%)
2% more funds holding
Funds holding: 2,373 → 2,429 (+56)
5% more capital invested
Capital invested by funds: $107B → $112B (+$4.9B)
21% less call options, than puts
Call options by funds: $5.2B | Put options by funds: $6.6B
22% less funds holding in top 10
Funds holding in top 10: 91 → 71 (-20)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$552M |
| 2 |
Jane Street
New York
|
+$499M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$470M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$435M |
| 5 |
BlackRock
New York
|
+$332M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$531M |
| 2 |
UBS AM
Chicago,
Illinois
|
-$287M |
| 3 |
BA
Bridgewater Associates
Westport,
Connecticut
|
-$276M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$248M |
| 5 |
Axa
Paris,
France
|
-$178M |
PANW Hedge Fund Activity: Q3 2025 in Review
2,429 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Palo Alto Networks (PANW) for Q3 2025, worth a combined $112B — up 4.6% from $107B a quarter earlier.
Buyers outnumbered sellers: 238 funds opened new PANW positions and 138 closed out — a net gain of 100 holders — while 1,247 added to existing stakes and 652 trimmed.
The largest buyer was DZ Bank, adding an estimated $552M. The largest seller was Fidelity Investments, cutting an estimated $531M.
- 2,429 institutional investors held Palo Alto Networks (PANW) as of Q3 2025, up from 2,373 in Q2 2025.
- Funds reported $112B of Palo Alto Networks stock for Q3 2025, up 4.6% quarter-over-quarter.
- 238 funds opened new Palo Alto Networks positions in Q3 2025 and 138 closed out, a net change of +100 holders.
- The largest Palo Alto Networks buyer in Q3 2025 was DZ Bank, an estimated $552M added.
- The largest Palo Alto Networks seller in Q3 2025 was Fidelity Investments, an estimated $531M sold.
Based on aggregated 13F filings for Q3 2025.