Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionFIL Ltd
Latest Disclosed Ownership16,847 shares
Latest Disclosed Value $ 2,700,911
FIL Ltd reports 73.64% decrease in ownership of PANW / Palo Alto Networks, Inc.

On May 15, 2026 - FIL Ltd filed a 13F-HR form disclosing ownership of 16,847 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $2,700,911 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 63,905 shares of Palo Alto Networks, Inc.. This represents a change in shares of -73.64% 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 16,847 -47,058 -73.64 2,701 -77.06 0.0012
2026-02-17 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 63,905 5,833 10.04 11,771 -0.45 0.0088
2025-11-13 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 58,072 53,249 1,104.06 11,825 1,099.19 0.0093
2025-08-14 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 4,823 -11,592 -70.62 987 -64.80 0.0008
2025-05-12 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 16,415 -37,345 -69.47 2,801 -71.37 0.0027
2025-02-13 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 53,760 21,660 67.48 9,782 -10.84 0.0091
2024-11-13 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 32,100 -2,192 -6.39 10,972 -5.63 0.0099
2024-08-13 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 34,292 -28,272 -45.19 11,625 -34.60 0.0115
2024-05-13 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 62,564 -83,987 -57.31 17,776 -58.87 0.0176
2024-02-13 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 146,551 -68,108 -31.73 43,215 -14.13 0.0454
2023-11-13 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 214,659 -3,800 -1.74 50,325 -9.84 0.0593
2023-08-11 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 218,459 58,664 36.71 55,818 74.88 0.0627
2023-05-11 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 159,795 72,633 83.33 31,917 162.43 0.0366
2023-02-13 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 87,162 86,866 29,346.62 12,163 25,237.50 0.0146
2022-11-10 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 296 296 48 0.0001
2021-05-14 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 0 -452 -100.00 0 -100.00
2021-03-23 2020-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 452 146 47.71 161 114.67 0.0002
2021-02-08 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 452 146 161 77.8681
2020-11-13 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 306 0 0.00 75 7.14 0.0001
2020-08-13 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 306 228 292.31 70 438.46 0.0001
2020-05-14 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 78 -19,205 -99.60 13 -99.71 0.0000
2020-02-07 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 19,283 -12,194 -38.74 4,459 -30.50 0.0062
2019-11-13 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 31,477 31,399 40,255.13 6,416 40,000.00 0.0097
2019-08-13 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 78 0 0.00 16 -15.79 0.0000
2019-05-13 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 78 0 0.00 19 26.67 0.0000
2019-02-13 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 78 0 0.00 15 -16.67 0.0000
2018-11-09 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 78 78 18 0.0000
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.