Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionL2 Asset Management, LLC
Latest Disclosed Ownership4,336 shares
Latest Disclosed Value $ 695,148
L2 Asset Management, LLC reports 29.59% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 14, 2026 - L2 Asset Management, LLC filed a 13F-HR form disclosing ownership of 4,336 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $695,148 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 3,346 shares of Palo Alto Networks, Inc.. This represents a change in shares of 29.59% 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 4,336 990 29.59 695 12.82 0.0661
2026-02-13 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 3,346 237 7.62 616 -2.69 0.0823
2025-11-14 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 3,109 185 6.33 633 5.85 0.0916
2025-08-14 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 2,924 145 5.22 598 26.16 0.0979
2025-05-15 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 2,779 265 10.54 474 3.72 0.0969
2025-02-14 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 2,514 1,247 98.42 457 5.54 0.0994
2024-11-14 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 1,267 43 3.51 433 4.59 0.1177
2024-08-14 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 1,224 169 16.02 415 38.46 0.1250
2024-05-15 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 1,055 70 7.11 300 3.10 0.0984
2024-02-13 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 985 925 1,541.67 290 44.28 0.1194
2023-11-08 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 60 60 201 0.0946
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.