Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionIeq Capital, Llc
Latest Disclosed Ownership96,699 shares
Latest Disclosed Value $ 15,502,764
Ieq Capital, Llc reports 52.76% decrease in ownership of PANW / Palo Alto Networks, Inc.

On May 14, 2026 - Ieq Capital, Llc filed a 13F-HR form disclosing ownership of 96,699 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $15,502,764 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 204,710 shares of Palo Alto Networks, Inc.. This represents a change in shares of -52.76% 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)
2026-05-14 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 96,699 -108,011 -52.76 15,503 -58.89 0.0522
2026-02-13 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 204,710 25,701 14.36 37,708 3.45 0.1129
2025-11-14 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 179,009 16,715 10.30 36,450 9.75 0.1106
2025-08-14 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 162,294 8,632 5.62 33,212 26.66 0.2032
2025-05-14 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 153,662 52,341 51.66 26,221 42.22 0.2085
2025-02-03 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 101,321 62,399 160.32 18,436 38.59 0.1782
2024-11-14 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 38,922 8,504 27.96 13,303 29.01 0.1632
2024-08-12 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 30,418 12,753 72.19 10,312 105.46 0.1388
2024-05-09 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 17,665 1,574 9.78 5,019 5.80 0.0721
2024-02-07 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 16,091 2,532 18.67 4,745 49.28 0.0789
2023-11-06 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 13,559 851 6.70 3,179 -2.09 0.0647
2023-08-08 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 12,708 1,365 12.03 3,247 43.31 0.0655
2023-05-02 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 11,343 2,135 23.19 2,266 76.40 0.0525
2023-02-06 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 9,208 -4,981 -35.10 1,285 -44.75 0.0360
2022-11-04 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 14,189 11,398 408.38 2,324 68.53 0.0638
2022-07-27 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 2,791 447 19.07 1,379 -5.48 0.0418
2022-04-26 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 2,344 -2,545 -52.06 1,459 -46.40 0.0348
2022-01-31 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 4,889 288 6.26 2,722 23.50 0.0629
2021-11-09 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 4,601 -1,004 -17.91 2,204 5.96 0.0585
2021-07-29 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 5,605 4,365 352.02 2,080 421.30 0.0611
2021-05-04 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 1,240 1,240 399 0.0165
2021-02-03 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 0 -4,578 -100.00 0 -100.00
2020-11-03 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 4,578 4,578 1,120 0.0602
2020-05-07 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 0 -1,032 -100.00 0 -100.00
2020-02-11 2019-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 1,032 1,032 238 0.0209
2020-02-04 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 1,032 238
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.