Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionCi Investments Inc.
Latest Disclosed Ownership446,374 shares
Latest Disclosed Value $ 71,562,679
Ci Investments Inc. reports 568.04% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 13, 2026 - Ci Investments Inc. filed a 13F-HR form disclosing ownership of 446,374 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $71,562,679 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 66,818 shares of Palo Alto Networks, Inc.. This represents a change in shares of 568.04% 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 446,374 379,556 568.04 71,563 481.43 0.2440
2026-02-12 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 66,818 64,109 2,366.52 12,308 0.0539
2025-11-12 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 2,709 -182,242 -98.54 1 -100.00 0.0020
2025-08-12 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 184,951 78,950 74.48 38 105.56 0.1420
2025-05-13 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 106,001 -8,858 -7.71 18 -10.00 0.0762
2025-02-12 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 114,859 48,586 73.31 21 -9.09 0.0787
2024-11-12 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 66,273 64,150 3,021.67 23 0.0862
2024-08-12 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 2,123 -76,202 -97.29 1 -100.00 0.0028
2024-05-13 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 78,325 -76,873 -49.53 22 -51.11 0.0883
2024-02-12 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 155,198 2,622 1.72 46 28.57 0.2366
2023-11-13 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 152,576 -3,114 -2.00 36 -10.26 0.1996
2023-08-11 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 155,690 -8,129 -4.96 40 21.88 0.2007
2023-05-12 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 163,819 87,983 116.02 33 220.00 0.1646
2023-02-10 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 75,836 9 0.01 11 -99.92 0.0535
2022-11-14 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 75,827 16,247 27.27 12,420 -57.80 0.0644
2022-08-12 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 59,580 35,015 142.54 29,429 92.45 0.1373
2022-05-12 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 24,565 -572 -2.28 15,292 9.27 0.0563
2022-02-11 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 25,137 -230 -0.91 13,995 15.18 0.0483
2021-11-12 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 25,367 1,417 5.92 12,151 36.73 0.0452
2021-08-13 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 23,950 23,950 8,887 0.0326
2020-08-07 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 0 0 0 0.0000
2020-08-07 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 0 -142,905 -100.00 0 -100.00
2020-02-11 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 142,905 10,905 8.26 33,047 22.82 0.1678
2019-11-08 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 132,000 132,000 -7.63 26,906 -18.58 0.1390
2018-05-11 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 0 -91,109 -100.00 0 -100.00
2018-02-02 2017-12-31 13F PALO ALTO NETWORKS COM 697435105 91,109 -61,403 -40.26 13,205 -39.91 0.1262
2017-11-06 2017-09-30 13F PALO ALTO NETWORKS COM 697435105 152,512 152,512 21,977 0.2014
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.