Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionMacquarie Group Ltd
Latest Disclosed Ownership79,332 shares
Latest Disclosed Value $ 12,718,506
Macquarie Group Ltd reports 22.70% decrease in ownership of PANW / Palo Alto Networks, Inc.

On May 15, 2026 - Macquarie Group Ltd filed a 13F-HR form disclosing ownership of 79,332 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $12,718,506 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 102,623 shares of Palo Alto Networks, Inc.. This represents a change in shares of -22.70% 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 79,332 -23,291 -22.70 12,719 -32.72 0.0592
2026-02-13 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 102,623 -7,233 -6.58 18,903 -15.49 0.0826
2025-11-13 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 109,856 -2,397 -2.14 22,369 -2.62 0.0261
2025-08-14 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 112,253 -22,490 -16.69 22,971 -0.09 0.0282
2025-08-14 2025-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 134,743 20,402 17.84 22,993 42.02 0.0285
2025-05-15 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 172,106 57,765 16,630 0.0136
2025-02-14 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 114,341 62,382 120.06 16,189 -8.84 0.0196
2024-11-14 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 51,959 9,983 23.78 17,759 24.80 0.0192
2024-08-09 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 41,976 1,679 4.17 14,230 24.29 0.0163
2024-05-14 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 40,297 -18,270 -31.20 11,449 -33.71 0.0130
2024-02-14 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 58,567 -13,860 -19.14 17,270 1.71 0.0199
2023-11-14 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 72,427 -32,210 -30.78 16,980 -36.49 0.0213
2023-10-27 2023-06-30 13F/A-2 PALO ALTO NETWORKS COM 697435105 104,637 -42,864 -29.06 26,736 -9.25 0.0306
2023-10-12 2023-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 104,637 -42,864 26,736 0.0269
2023-08-14 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 104,637 -42,864 26,736 0.0271
2023-06-01 2023-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 147,501 -100,700 -40.57 29,461 -14.93 0.0350
2023-05-15 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 147,501 -100,700 29,461 0.0270
2023-02-21 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 248,201 -29,566 -10.64 34,633 -23.88 0.0409
2022-11-14 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 277,767 188,622 211.59 45,496 3.32 0.0558
2022-08-17 2022-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 89,145 30,539 52.11 44,032 20.69 0.0494
2022-08-15 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 89,145 30,539 44,032 0.0158
2022-05-16 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 58,606 170 0.29 36,483 12.13 0.0277
2022-02-11 2021-12-31 13F Palo Alto Networks COM 697435105 58,436 239 0.41 32,535 16.71 0.0271
2021-11-12 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 58,197 -2,327 -3.84 27,877 24.13 0.0238
2021-08-13 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 60,524 3,140 5.47 22,458 21.51 0.0184
2021-05-14 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 57,384 -6,828 -10.63 18,482 -19.01 0.0261
2021-02-16 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 64,212 3,610 5.96 22,820 53.86 0.0333
2020-11-13 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 60,602 1,853 3.15 14,832 9.92 0.0251
2020-08-11 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 58,749 4,992 9.29 13,493 53.07 0.0232
2020-05-15 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 53,757 -8,700 -13.93 8,815 -38.97 0.0181
2020-03-18 2019-12-31 13F/A-2 PALO ALTO NETWORKS COM 697435105 62,457 -360 -0.57 14,443 12.80 0.0206
2020-02-28 2019-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 62,457 0 14,443 0.0209
2020-02-14 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 62,457 -360 14,443 18,124.7410
2019-11-14 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 62,817 -5,203 -7.65 12,804 -7.61 0.0215
2019-11-06 2019-06-30 13F/A-2 PALO ALTO NETWORKS COM 697435105 68,020 -1,800 -2.58 13,859 -18.27 0.0234
2019-09-24 2019-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 68,020 0 13,859 0.0236
2019-08-14 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 68,020 -1,800 13,859
2019-05-15 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 69,820 -29,451 -29.67 16,958 -9.31 0.0289
2019-02-15 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 99,271 24,780 33.27 18,698 11.42 0.0361
2018-11-15 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 74,491 -7,921 -9.61 16,781 -0.90 0.0273
2019-03-21 2018-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 82,412 -21,400 -20.61 16,934 -10.13 0.0292
2018-08-14 2018-06-30 13F PALO ALTO NETWORKS COM 697435105 82,412 -21,400 16,934
2018-05-11 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 103,812 11,912 12.96 18,843 30.42 0.0343
2018-02-14 2017-12-31 13F PALO ALTO NETWORKS COM 697435105 91,900 60,187 189.79 14,448 216.15 0.0255
2017-11-08 2017-09-30 13F PALO ALTO NETWORKS COM 697435105 31,713 30,513 2,542.75 4,570 2,756.25 0.0082
2017-08-14 2017-06-30 13F PALO ALTO NETWORKS COM 697435105 1,200 0 0.00 160 18.52 0.0003
2017-05-15 2017-03-31 13F PALO ALTO NETWORKS COM 697435105 1,200 -31,871 -96.37 135 -96.74 0.0002
2017-03-30 2016-12-31 13F/A-1 PALO ALTO NETWORKS Common Stock 697435105 33,071 2,687 8.84 4,136 -14.56 0.0079
2017-02-15 2016-12-31 13F PALO ALTO NETWORKS Common Stock 697435105 33,071 4,136
2016-11-15 2016-09-30 13F PALO ALTO NETWORKS Common Stock 697435105 30,384 -32,799 -51.91 4,841 -37.53 0.0093
2016-09-14 2016-06-30 13F/A-1 PALO ALTO NETWORKS Common Stock 697435105 63,183 1,163 1.88 7,749 -23.41 0.0152
2016-08-15 2016-06-30 13F PALO ALTO NETWORKS Common Stock 697435105 63,183 7,749
2016-05-16 2016-03-31 13F PALO ALTO NETWORKS Common Stock 697435105 62,020 41,520 202.54 10,118 180.20 0.0204
2016-02-16 2015-12-31 13F PALO ALTO NETWORKS Common Stock 697435105 20,500 5,600 37.58 3,611 40.89 0.0074
2015-11-16 2015-09-30 13F PALO ALTO NETWORKS Common Stock 697435105 14,900 3,400 29.57 2,563 27.58 0.0055
2015-08-21 2015-06-30 13F/A-1 PALO ALTO NETWORKS COMMON 697435105 11,500 -2,900 -20.14 2,009 -4.52 0.0040
2015-08-14 2015-06-30 13F PALO ALTO NETWORKS COMMON 697435105 11,500 2,009
2015-05-18 2015-03-31 13F PALO ALTO NETWORKS COMMON 697435105 14,400 3,300 29.73 2,104 54.59 0.0041
2015-02-17 2014-12-31 13F PALO ALTO NETWORKS COMMON 697435105 11,100 11,100 0.00 1,361 0.0028
2014-11-14 2014-09-30 13F PALO ALTO NETWORKS COMMON 697435105 0 -18,266 -100.00 0 -100.00
2014-08-14 2014-06-30 13F PALO ALTO NETWORKS COMMON 697435105 18,266 -16,083 -46.82 1,532 -34.97 0.0034
2014-05-15 2014-03-31 13F PALO ALTO NETWORKS Common 697435105 34,349 -334 -0.96 2,356 18.21 0.0041
2014-02-14 2013-12-31 13F PALO ALTO NETWORKS Common Stock 697435105 34,683 34,683 1,993 0.0036
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.