Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionNikulski Financial, Inc.
Latest Disclosed Ownership47,534 shares
Latest Disclosed Value $ 7,620,613
Nikulski Financial, Inc. reports 0.11% decrease in ownership of PANW / Palo Alto Networks, Inc.

On May 15, 2026 - Nikulski Financial, Inc. filed a 13F-HR form disclosing ownership of 47,534 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $7,620,613 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 15, 2026 disclosing 47,585 shares of Palo Alto Networks, Inc.. This represents a change in shares of -0.11% 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 47,534 -51 -0.11 7,621 -13.06 1.8811
2026-01-15 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 47,585 3,409 7.72 8,765 -2.56 2.0956
2025-11-05 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 44,176 1,880 4.44 8,995 3.93 2.2602
2025-08-15 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 42,296 760 1.83 8,655 22.13 2.3697
2025-05-01 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 41,536 998 2.46 7,088 -3.92 2.1424
2025-01-21 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 40,538 19,781 95.30 7,376 3.98 2.1685
2024-10-28 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 20,757 -152 -0.73 7,095 0.08 2.1236
2024-07-30 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 20,909 40 0.19 7,088 19.55 2.2553
2024-04-18 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 20,869 4,234 25.45 5,929 20.88 1.9664
2024-02-01 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 16,635 597 3.72 4,905 30.49 1.7960
2023-10-17 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 16,038 2,337 17.06 3,760 7.40 1.5558
2023-07-28 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 13,701 -35 -0.25 3,501 27.60 1.4474
2023-05-11 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 13,736 90 0.66 2,744 44.07 1.2123
2023-01-25 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 13,646 95 0.70 1,904 -14.23 0.9079
2022-10-20 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 13,551 9,016 198.81 2,220 -0.89 1.1488
2022-07-19 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 4,535 -2 -0.04 2,240 -20.68 1.1114
2022-04-08 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 4,537 98 2.21 2,824 14.29 1.1943
2022-02-01 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 4,439 40 0.91 2,471 17.28 1.0357
2021-11-05 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 4,399 0 0.00 2,107 22.22 0.9743
2021-08-11 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 4,399 -342 -7.21 1,724 12.90 0.8030
2021-05-14 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 4,741 -136 -2.79 1,527 -11.89 0.7829
2021-02-09 2020-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 4,877 -45 -0.91 1,733 43.82 0.9505
2021-02-04 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 4,922 0 1,205 764,113.9132
2020-11-10 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 4,922 32 0.65 1,205 7.30 0.7641
2020-07-17 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 4,890 525 12.03 1,123 56.84 0.7881
2020-04-29 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 4,365 4,365 716 0.6246
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.