Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionAPG Asset Management N.V.
Latest Disclosed Ownership567,684 shares
Latest Disclosed Value $ 78,988,977
APG Asset Management N.V. reports 18.00% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 13, 2026 - APG Asset Management N.V. filed a 13F-HR form disclosing ownership of 567,684 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $78,988,977 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 481,095 shares of Palo Alto Networks, Inc.. This represents a change in shares of 18.00% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-13 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 567,684 86,589 18.00 78,989 4.68 0.2503
2026-02-12 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 481,095 -22,846 -4.53 75,455 -13.60 0.2142
2025-11-12 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 503,941 46,927 10.27 87,330 9.61 0.2451
2025-08-12 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 457,014 24,020 5.55 79,672 16.48 0.2359
2025-05-14 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 432,994 17,316 4.17 68,400 -6.36 0.2122
2025-02-13 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 415,678 381,683 1,122.76 73,044 601.59 0.2034
2024-11-14 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 33,995 -209,477 -86.04 10,411 -86.48 0.0691
2024-08-14 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 243,472 825 0.34 77,014 20.64 0.1374
2024-05-14 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 242,647 -22,941 -8.64 63,836 -9.96 0.1118
2024-02-13 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 265,588 -16,624 -5.89 70,897 7.16 0.1383
2023-11-14 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 282,212 -38,105 -11.90 66,162 -11.81 0.1353
2023-08-14 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 320,317 -14,105 -4.22 75,018 22.01 0.1513
2023-05-12 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 334,422 -35,361 -9.56 61,482 120,452.94 0.1304
2023-02-14 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 369,783 288,465 354.74 52 -99.62 0.0981
2022-11-14 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 81,318 44,327 119.83 13,596 -22.21 0.0351
2022-08-12 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 36,991 -39,191 -51.44 17,477 -59.00 0.0410
2022-05-12 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 76,182 5,800 8.24 42,623 23.70 0.0805
2022-02-11 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 70,382 -10,100 -12.55 34,458 3.59 0.0585
2021-11-15 2021-09-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 80,482 600 0.75 33,264 33.09 0.0591
2021-11-15 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 80,482 600 33,264 0.0598
2021-08-13 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 79,882 -253,151 -76.01 24,994 -72.61 0.0425
2021-05-14 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 333,033 150,016 81.97 91,259 71.67 0.1557
2021-02-12 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 183,017 -35,539 -16.26 53,159 16.54 0.0867
2020-11-12 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 218,556 54,857 33.51 45,616 36.27 0.0790
2020-08-14 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 163,699 -9,687 -5.59 33,474 17.75 0.0610
2020-05-19 2020-03-31 13F/A-2 PALO ALTO NETWORKS COM 697435105 173,386 39,467 29.47 28,428 3.04 0.0557
2020-05-15 2020-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 173,386 0 28,428 0.0563
2020-05-14 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 75,119 -58,800 16,249 30,401.2683
2020-02-13 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 133,919 2,500 1.90 27,589 12.28 0.0448
2019-11-08 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 131,419 69,000 110.54 24,571 120.01 0.0405
2019-08-13 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 62,419 -12,700 -16.91 11,168 -31.27 0.0192
2019-05-14 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 75,119 -2,400 -3.10 16,249 27.22 0.0298
2019-02-19 2018-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 77,519 -1,500 -1.90 12,772 -16.66 0.0260
2019-02-13 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 77,519 -1,500 12,772
2018-11-09 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 79,019 5,600 7.63 15,325 18.61 0.0268
2018-08-13 2018-06-30 13F PALO ALTO NETWORKS COM 697435105 73,419 12,800 21.12 12,921 44.42 0.0237
2018-05-14 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 60,619 23,024 61.24 8,947 97.16 0.0173
2018-02-21 2017-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 37,595 5,367 16.65 4,538 -2.28 0.0083
2018-01-24 2017-12-31 13F PALO ALTO NETWORKS COM 697435105 37,595 5,367 4,538
2017-10-19 2017-09-30 13F PALO ALTO NETWORKS COM 697435105 32,228 3,100 10.64 4,644 19.14 0.0076
2017-07-21 2017-06-30 13F PALO ALTO NETWORKS COM 697435105 29,128 -9,701 -24.98 3,898 -10.90 0.0071
2017-05-01 2017-03-31 13F PALO ALTO NETWORKS COM 697435105 38,829 -20,440 -34.49 4,375 -37.74 0.0080
2017-01-30 2016-12-31 13F PALO ALTO NETWORKS COM 697435105 59,269 -23,829 -28.68 7,027 -46.93 0.0132
2016-10-31 2016-09-30 13F PALO ALTO NETWORKS COM 697435105 83,098 -19,517 -19.02 13,240 5.20 0.0233
2016-08-11 2016-06-30 13F PALO ALTO NETWORKS COM 697435105 102,615 19,400 23.31 12,585 -7.30 0.0237
2016-05-16 2016-03-31 13F PALO ALTO NETWORKS COM 697435105 83,215 57,613 225.03 13,576 201.09 0.0282
2016-02-17 2015-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 25,602 0 0.00 4,510 2.38 0.0104
2016-02-16 2015-12-31 13F PALO ALTO NETWORKS COM 697435105 816,896 4,510
2015-11-12 2015-09-30 13F PALO ALTO NETWORKS COM 697435105 25,602 4,537 21.54 4,404 19.67 0.0101
2015-08-12 2015-06-30 13F PALO ALTO NETWORKS COM 697435105 21,065 21,065 3,680 0.0074
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.