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Palo Alto Networks

2,257 hedge funds and large institutions have $88B invested in Palo Alto Networks in 2025 Q1 according to their latest regulatory filings, with 176 funds opening new positions, 1,063 increasing their positions, 756 reducing their positions, and 173 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more repeat investments, than reductions

Existing positions increased: 1,063 | Existing positions reduced: 756

2% more first-time investments, than exits

New positions opened: 176 | Existing positions closed: 173

0.01% more ownership

Funds ownership: 77.89%77.91% (+0.01%)

2% less funds holding

Funds holding: 2,2922,257 (-35)

7% less capital invested

Capital invested by funds: $94.3B → $88B (-$6.35B)

7% less funds holding in top 10

Funds holding in top 10: 7267 (-5)

44% less call options, than puts

Call options by funds: $3.15B | Put options by funds: $5.6B

Holders
2,257
Holders Change
-35
Holders Change %
-1.53%
% of All Funds
30.26%
Holding in Top 10
67
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-6.94%
% of All Funds
0.9%
New
176
Increased
1,063
Reduced
756
Closed
173
Calls
$3.15B
Puts
$5.6B
Net Calls
-$2.45B
Net Calls Change
+$1.54B
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$10.7B +$285M +1,541,637 +3%
BlackRock
2
BlackRock
New York
$9.08B +$179M +965,699 +2%
State Street
3
State Street
Massachusetts
$4.94B +$60.6M +327,789 +1%
Morgan Stanley
4
Morgan Stanley
New York
$4.9B -$310M -1,674,866 -6%
Bank of America
5
Bank of America
North Carolina
$2.75B -$9.21M -49,833 -0.3%
JP Morgan Chase
6
JP Morgan Chase
New York
$2.65B +$126M +679,172 +5%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$2.55B +$115M +622,858 +4%
Fidelity Investments
8
Fidelity Investments
Massachusetts
$1.54B +$939M +5,076,225 +128%
Northern Trust
9
Northern Trust
Illinois
$1.32B -$20.6M -111,387 -1%
UBS Group
10
UBS Group
Switzerland
$1.22B -$37M -200,291 -3%
UBS AM
11
UBS AM
Illinois
$1.18B +$176M +950,765 +16%
Ameriprise
12
Ameriprise
Minnesota
$1.18B -$72.1M -389,868 -5%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$1.07B +$27M +145,935 +2%
Legal & General Group
14
Legal & General Group
United Kingdom
$928M -$20.9M -112,761 -2%
Invesco
15
Invesco
Georgia
$886M +$49M +265,112 +5%
Wells Fargo
16
Wells Fargo
California
$868M +$79.4M +429,639 +9%
First Trust Advisors
17
First Trust Advisors
Illinois
$839M +$97.9M +529,350 +12%
N
18
Nuveen
North Carolina
$810M -$261M -1,411,471 -23%
ClearBridge Investments
19
ClearBridge Investments
New York
$795M -$22M -118,987 -2%
Capital Research Global Investors
20
Capital Research Global Investors
California
$793M -$699M -3,782,023 -45%
Goldman Sachs
21
Goldman Sachs
New York
$788M -$46.2M -249,965 -5%
Norges Bank
22
Norges Bank
Norway
$784M -$136M -738,008 -14%
Citigroup
23
Citigroup
New York
$775M +$159M +858,501 +23%
Charles Schwab
24
Charles Schwab
California
$754M +$39.5M +213,753 +5%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$719M -$12.8M -69,274 -2%

PANW Hedge Fund Activity: Q1 2025 in Review

2,257 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Palo Alto Networks (PANW) for Q1 2025, worth a combined $88B — down 6.7% from $94.3B a quarter earlier.

Buyers outnumbered sellers: 176 funds opened new PANW positions and 173 closed out — a net gain of 3 holders — while 1,063 added to existing stakes and 756 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $939M. The largest seller was Jennison Associates, cutting an estimated $1.06B.

  • 2,257 institutional investors held Palo Alto Networks (PANW) as of Q1 2025, down from 2,292 in Q4 2024.
  • Funds reported $88B of Palo Alto Networks stock for Q1 2025, down 6.7% quarter-over-quarter.
  • 176 funds opened new Palo Alto Networks positions in Q1 2025 and 173 closed out, a net change of +3 holders.
  • The largest Palo Alto Networks buyer in Q1 2025 was Fidelity Investments, an estimated $939M added.
  • The largest Palo Alto Networks seller in Q1 2025 was Jennison Associates, an estimated $1.06B sold.

Based on aggregated 13F filings for Q1 2025.