Palo Alto Networks
PANW
2,482 hedge funds and large institutions have $103B invested in Palo Alto Networks in 2026 Q1 according to their latest regulatory filings, with 265 funds opening new positions, 1,279 increasing their positions, 745 reducing their positions, and 281 closing their positions.
72% more repeat investments, than reductions
Existing positions increased: 1,279 | Existing positions reduced: 745
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 (-$3.23B)
6% less first-time investments, than exits
New positions opened: 265 | Existing positions closed: 281
7% less call options, than puts
Call options by funds: $3.49B | Put options by funds: $3.76B
2% less funds holding
Funds holding: 2,535 → 2,482 (-53)
3.89% less ownership
Funds ownership: 82.91% → 79.03% (-3.9%)
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 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$303M |
| 2 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$259M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$242M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$230M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$200M |
PANW Hedge Fund Activity: Q1 2026 in Review
2,482 of the 8,207 institutional investors tracked by Wall St. Rank reported a position in Palo Alto Networks (PANW) for Q1 2026, worth a combined $103B — down 3% from $107B a quarter earlier.
Sellers outnumbered buyers: 281 funds closed out of PANW and 265 opened new positions — a net loss of 16 holders — while 745 trimmed existing stakes and 1,279 added.
The largest buyer was BlackRock, adding an estimated $2.16B. The largest seller was T. Rowe Price Associates, cutting an estimated $303M.
- 2,482 institutional investors held Palo Alto Networks (PANW) as of Q1 2026, down from 2,535 in Q4 2025.
- Funds reported $103B of Palo Alto Networks stock for Q1 2026, down 3% quarter-over-quarter.
- 265 funds opened new Palo Alto Networks positions in Q1 2026 and 281 closed out, a net change of -16 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 T. Rowe Price Associates, an estimated $303M sold.
Based on aggregated 13F filings for Q1 2026.