Palo Alto Networks
PANW
2,528 hedge funds and large institutions have $107B invested in Palo Alto Networks in 2025 Q4 according to their latest regulatory filings, with 319 funds opening new positions, 1,120 increasing their positions, 813 reducing their positions, and 168 closing their positions.
90% more first-time investments, than exits
New positions opened: 319 | Existing positions closed: 168
38% more repeat investments, than reductions
Existing positions increased: 1,120 | Existing positions reduced: 813
4% more funds holding
Funds holding: 2,431 → 2,528 (+97)
0.73% more ownership
Funds ownership: 82.39% → 83.12% (+0.73%)
5% less capital invested
Capital invested by funds: $112B → $107B (-$5.4B)
21% less funds holding in top 10
Funds holding in top 10: 71 → 56 (-15)
27% less call options, than puts
Call options by funds: $3.4B | Put options by funds: $4.68B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$3.27B |
| 2 |
BlackRock
New York
|
+$832M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$536M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$387M |
| 5 |
Corient Private Wealth
Miami,
Florida
|
+$324M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$857M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$468M |
| 3 |
SG Americas Securities
New York
|
-$416M |
| 4 |
Jane Street
New York
|
-$397M |
| 5 |
SM
SCGE Management
Menlo Park,
California
|
-$384M |
PANW Hedge Fund Activity: Q4 2025 in Review
2,528 of the 8,257 institutional investors tracked by Wall St. Rank reported a position in Palo Alto Networks (PANW) for Q4 2025, worth a combined $107B — down 4.8% from $112B a quarter earlier.
Buyers outnumbered sellers: 319 funds opened new PANW positions and 168 closed out — a net gain of 151 holders — while 1,120 added to existing stakes and 813 trimmed.
The largest buyer was Invesco, adding an estimated $3.27B. The largest seller was JP Morgan Chase, cutting an estimated $857M.
- 2,528 institutional investors held Palo Alto Networks (PANW) as of Q4 2025, up from 2,431 in Q3 2025.
- Funds reported $107B of Palo Alto Networks stock for Q4 2025, down 4.8% quarter-over-quarter.
- 319 funds opened new Palo Alto Networks positions in Q4 2025 and 168 closed out, a net change of +151 holders.
- The largest Palo Alto Networks buyer in Q4 2025 was Invesco, an estimated $3.27B added.
- The largest Palo Alto Networks seller in Q4 2025 was JP Morgan Chase, an estimated $857M sold.
Based on aggregated 13F filings for Q4 2025.