Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionEmpowered Funds, LLC
Latest Disclosed Ownership221,478 shares
Latest Disclosed Value $ 35,507,353
Empowered Funds, LLC reports 408.46% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 15, 2026 - Empowered Funds, LLC filed a 13F-HR form disclosing ownership of 221,478 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $35,507,353 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 43,559 shares of Palo Alto Networks, Inc.. This represents a change in shares of 408.46% 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)
2026-05-15 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 221,478 177,919 408.46 35,507 342.57 0.0993
2026-02-11 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 43,559 -5,295 -10.84 8,024 -19.34 0.0639
2025-11-13 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 48,854 24,432 100.04 9,948 99.06 0.1004
2025-08-11 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 24,422 -2,605 -9.64 4,998 8.37 0.0566
2025-05-16 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 27,027 -51,180 -65.44 4,612 -67.60 0.0656
2025-01-28 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 78,207 53,143 212.03 14,231 66.12 0.2080
2024-11-06 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 25,064 16,031 177.47 8,567 179.75 0.1347
2024-07-30 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 9,033 3,514 63.67 3,062 95.28 0.0530
2024-05-07 2024-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 5,519 -15,671 -73.95 1,568 -74.90 0.0283
2024-05-06 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 5,519 -15,671 1,568 0.0135
2024-02-14 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 21,190 17,460 468.10 6,249 614.87 0.1569
2023-11-01 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 3,730 -3,226 -46.38 874 -50.82 0.0258
2023-07-27 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 6,956 1,045 17.68 1,777 50.59 0.0625
2023-04-05 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 5,911 -1,241 -17.35 1,181 18.36 0.0696
2023-02-21 2022-12-31 13F/A-1 PACER FDS TR SWAN SOS CONS AP 697435105 7,152 7,152 998 0.0652
2023-01-26 2022-12-31 13F PACER FDS TR SWAN SOS CONS AP 697435105 7,152 7,152 1 0.0401
2022-11-04 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 0 -4,029 -100.00 0 -100.00
2022-08-01 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 4,029 4,029 1,990 0.2566
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.