Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionScotia Capital Inc.
Latest Disclosed Ownership677,820 shares
Latest Disclosed Value $ 108,668,511
Scotia Capital Inc. reports 39.05% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 13, 2026 - Scotia Capital Inc. filed a 13F-HR form disclosing ownership of 677,820 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $108,668,511 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 487,452 shares of Palo Alto Networks, Inc.. This represents a change in shares of 39.05% 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)
2026-05-13 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 677,820 190,368 39.05 108,669 21.03 0.4467
2026-02-12 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 487,452 290,634 147.67 89,788 124.04 0.3616
2025-11-14 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 196,818 51,687 35.61 40,076 34.94 0.1704
2025-08-13 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 145,131 11,357 8.49 29,699 30.10 0.1403
2025-05-09 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 133,774 5,057 3.93 22,827 -2.54 0.1224
2025-02-13 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 128,717 68,790 114.79 23,422 14.34 0.1234
2024-11-13 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 59,927 -8,554 -12.49 20,483 -11.77 0.1096
2024-08-14 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 68,481 -2,993 -4.19 23,215 14.32 0.1360
2024-05-14 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 71,474 41,936 141.97 20,308 133.15 0.1208
2024-02-12 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 29,538 8,500 40.40 8,710 76.60 0.0562
2023-11-14 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 21,038 971 4.84 4,932 -3.80 0.0357
2023-08-03 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 20,067 9,161 84.00 5,127 135.40 0.0352
2023-05-11 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 10,906 -2,359 -17.78 2,178 17.67 0.0159
2023-02-09 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 13,265 5,408 68.83 1,851 43.82 0.0142
2022-11-10 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 7,857 4,450 130.61 1,287 -23.53 0.0104
2022-08-05 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 3,407 688 25.30 1,683 -0.59 0.0125
2022-05-09 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 2,719 1,468 117.35 1,693 142.90 0.0107
2022-02-11 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 1,251 3 0.24 697 16.56 0.0046
2021-11-12 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 1,248 77 6.58 598 37.79 0.0044
2021-08-12 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 1,171 1,171 434 0.0032
2020-08-11 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 0 -3,263 -100.00 0 -100.00
2020-05-15 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 3,263 1,338 69.51 535 20.22 0.0075
2020-02-13 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 1,925 818 73.89 445 96.90 0.0049
2019-11-14 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 1,107 1,107 -42.49 226 -49.21 0.0027
2018-05-15 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 0 -2,577 -100.00 0 -100.00
2018-02-13 2017-12-31 13F PALO ALTO NETWORKS COM 697435105 2,577 930 56.47 374 57.81 0.0050
2017-11-14 2017-09-30 13F PALO ALTO NETWORKS COM 697435105 1,647 55 3.45 237 11.27 0.0034
2017-08-15 2017-06-30 13F PALO ALTO NETWORKS COM 697435105 1,592 1,592 -3.34 213 -10.13 0.0036
2017-02-14 2016-12-31 13F PALO ALTO NETWORKS COM 697435105 0 -1,897 -100.00 0 -100.00
2016-11-14 2016-09-30 13F PALO ALTO NETWORKS COM 697435105 1,897 34 1.83 302 31.88 0.0055
2016-08-11 2016-06-30 13F PALO ALTO NETWORKS COM 697435105 1,863 -391 -17.35 229 -37.77 0.0046
2016-05-12 2016-03-31 13F PALO ALTO NETWORKS COM 697435105 2,254 2,254 20.99 368 60.70 0.0080
2016-02-11 2015-12-31 13F PALO ALTO NETWORKS COM 697435105 0 0 0 0.0000
2015-11-13 2015-09-30 13F PALO ALTO NETWORKS COM 697435105 0 -1,250 -100.00 0 -100.00
2015-08-13 2015-06-30 13F PALO ALTO NETWORKS COM 697435105 1,250 -7,520 -85.75 215 -57.34 0.0043
2014-02-14 2013-12-31 13F PALO ALTO NETWORKS COM 697435105 8,770 8,770 504 0.0120
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.