Palo Alto Networks
PANW
2,382 hedge funds and large institutions have $107B invested in Palo Alto Networks in 2025 Q2 according to their latest regulatory filings, with 252 funds opening new positions, 1,077 increasing their positions, 769 reducing their positions, and 104 closing their positions.
142% more first-time investments, than exits
New positions opened: 252 | Existing positions closed: 104
48% more capital inflows, than outflows
Capital inflows: $5.83B | Capital outflows: $3.94B
40% more repeat investments, than reductions
Existing positions increased: 1,077 | Existing positions reduced: 769
37% more funds holding in top 10
Funds holding in top 10: 67 → 92 (+25)
5% more funds holding
Funds holding: 2,266 → 2,382 (+116)
0.82% more ownership
Funds ownership: 77.91% → 78.73% (+0.82%)
31% less call options, than puts
Call options by funds: $4.08B | Put options by funds: $5.88B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
+$368M |
| 2 |
Morgan Stanley
New York
|
+$348M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$248M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$230M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$218M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$338M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$308M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$240M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$239M |
| 5 |
William Blair Investment Management
Chicago,
Illinois
|
-$192M |
PANW Hedge Fund Activity: Q2 2025 in Review
2,382 of the 7,630 institutional investors tracked by Wall St. Rank reported a position in Palo Alto Networks (PANW) for Q2 2025, worth a combined $107B — up 22% from $88B a quarter earlier.
Buyers outnumbered sellers: 252 funds opened new PANW positions and 104 closed out — a net gain of 148 holders — while 1,077 added to existing stakes and 769 trimmed.
The largest buyer was Nuveen, adding an estimated $368M. The largest seller was Citigroup, cutting an estimated $338M.
- 2,382 institutional investors held Palo Alto Networks (PANW) as of Q2 2025, up from 2,266 in Q1 2025.
- Funds reported $107B of Palo Alto Networks stock for Q2 2025, up 22% quarter-over-quarter.
- 252 funds opened new Palo Alto Networks positions in Q2 2025 and 104 closed out, a net change of +148 holders.
- The largest Palo Alto Networks buyer in Q2 2025 was Nuveen, an estimated $368M added.
- The largest Palo Alto Networks seller in Q2 2025 was Citigroup, an estimated $338M sold.
Based on aggregated 13F filings for Q2 2025.