Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionCovenant Partners, LLC
Latest Disclosed Ownership6,494 shares
Latest Disclosed Value $ 1,196,195
Covenant Partners, LLC ownership in PANW / Palo Alto Networks, Inc.

On January 26, 2026 - Covenant Partners, LLC filed a 13F-HR form disclosing ownership of 6,494 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $1,196,195 USD as of December 31, 2025. The entity filed a previous 13F-HR on October 24, 2025 disclosing 6,494 shares of Palo Alto Networks, Inc.. This represents a change in shares of 0.00% 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)
2026-01-26 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 6,494 0 0.00 1,196 -9.53 0.3497
2025-10-24 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 6,494 0 0.00 1,322 -0.45 0.3748
2025-07-30 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 6,494 0 0.00 1,329 19.86 0.3967
2025-05-13 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 6,494 0 0.00 1,108 -6.18 0.3586
2025-02-14 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 6,494 3,247 100.00 1,182 6.49 0.3642
2024-10-24 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 3,247 0 0.00 1,110 0.82 0.3230
2024-08-05 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 3,247 0 0.00 1,101 19.31 0.3346
2024-04-30 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 3,247 -806 -19.89 923 -22.85 0.2689
2024-02-20 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 4,053 0 0.00 1,195 25.79 0.3770
2023-10-20 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 4,053 0 0.00 950 -8.21 0.3450
2023-09-05 2023-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 4,053 0 0.00 1,036 27.94 0.3741
2023-08-11 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 4,053 0 1,036 0.3741
2023-04-19 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 4,053 -768 -15.93 810 20.39 0.3104
2023-02-17 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 4,821 0 0.00 673 -14.94 0.2707
2022-11-10 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 4,821 3,069 175.17 790 -8.67 0.3851
2022-07-27 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 1,752 145 9.02 865 -13.50 0.4004
2022-05-16 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 1,607 0 0.00 1,000 11.73 0.3985
2022-02-15 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 1,607 0 0.00 895 16.23 0.3317
2021-11-12 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 1,607 0 0.00 770 29.19 0.3026
2021-08-02 2021-06-30 13F PALO ALTO NETWORKS PANW 697435105 1,607 0 0.00 596 15.06 0.2249
2021-05-11 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 1,607 -397 -19.81 518 -27.25 0.2062
2021-02-10 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 2,004 151 8.15 712 56.83 0.3014
2020-11-10 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 1,853 -84 -4.34 454 2.02 0.2197
2020-08-17 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 1,937 -376 -16.26 445 17.41 0.2065
2020-05-15 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 2,313 408 21.42 379 -14.06 0.2022
2020-02-14 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 1,905 516 37.15 441 55.83 0.2058
2019-11-14 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 1,389 -733 -34.54 283 -34.49 0.1502
2019-08-15 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 2,122 0 0.00 432 -16.12 0.2294
2019-05-16 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 2,122 2,122 515 0.2863
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.