Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionFocus Financial Network, Inc.
Latest Disclosed Ownership8,522 shares
Latest Disclosed Value $ 1,366,247
Focus Financial Network, Inc. reports 7.33% decrease in ownership of PANW / Palo Alto Networks, Inc.

On April 14, 2026 - Focus Financial Network, Inc. filed a 13F-HR form disclosing ownership of 8,522 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $1,366,247 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 12, 2026 disclosing 9,196 shares of Palo Alto Networks, Inc.. This represents a change in shares of -7.33% 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)
2026-04-14 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 8,522 -674 -7.33 1,366 -19.31 0.0490
2026-01-12 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 9,196 -373 -3.90 1,694 -13.09 0.0590
2025-10-10 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 9,569 -260 -2.65 1,948 -3.13 0.0695
2025-07-10 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 9,829 36 0.37 2,011 20.35 0.0794
2025-04-15 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 9,793 -1,579 -13.88 1,671 -19.24 0.0683
2025-01-29 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 11,372 5,200 84.25 2,069 -1.90 0.0823
2024-10-28 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 6,172 -898 -12.70 2,110 -10.18 0.0862
2024-07-22 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 7,070 163 2.36 2,348 20.97 0.1003
2024-04-24 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 6,907 2,729 65.32 1,942 98.26 0.0946
2024-07-23 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 4,178 289 7.43 979 -1.41 0.0553
2024-07-23 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 3,889 503 14.86 994 46.89 0.0552
2024-07-23 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 3,386 -82 -2.36 676 39.96 0.0421
2024-07-24 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 3,468 -273 -7.30 484 -21.08 0.0394
2024-07-24 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 3,741 2,784 290.91 613 29.66 0.0529
2024-07-24 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 957 304 46.55 473 16.26 0.0390
2024-07-24 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 653 -142 -17.86 406 -8.14 0.0283
2024-07-24 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 795 164 25.99 443 46.36 0.0648
2024-07-24 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 631 0 0.00 302 29.06 0.0403
2024-07-24 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 631 -85 -11.87 234 1.74 0.0311
2024-07-24 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 716 -493 -40.78 231 -46.39 0.0270
2024-07-24 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 1,209 0 0.00 430 45.42 0.0381
2024-07-24 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 1,209 0 0.00 296 6.50 0.0276
2024-07-24 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 1,209 1,209 3.96 278 3.36 0.0309
2024-07-24 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 0 -1,163 -100.00 0 -100.00
2024-07-24 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 1,163 -2 -0.17 269 13.08 0.0330
2024-07-24 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 1,165 0 0.00 237 0.00 0.0329
2024-07-24 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 1,165 102 9.60 237 -8.14 0.0352
2024-07-24 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 1,063 1,063 258 0.0414
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.