Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionUs Bancorp \de\
Latest Disclosed Ownership1,373,156 shares
Latest Disclosed Value $ 220,144,377
Us Bancorp \de\ reports 0.15% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 14, 2026 - Us Bancorp \de\ filed a 13F-HR form disclosing ownership of 1,373,156 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $220,144,377 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 30, 2026 disclosing 1,371,066 shares of Palo Alto Networks, Inc.. This represents a change in shares of 0.15% 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 1,373,156 2,090 0.15 220,144 -12.83 0.0824
2026-01-30 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 1,371,066 6,624 0.49 252,550 -9.10 0.2959
2025-11-12 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 1,364,442 8,344 0.62 277,828 0.11 0.3293
2025-07-24 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 1,356,098 -73,421 -5.14 277,512 13.77 0.3493
2025-05-08 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 1,429,519 100,765 7.58 243,933 0.89 0.3259
2025-02-05 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 1,328,754 665,855 100.45 241,780 6.71 0.3166
2024-10-28 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 662,899 17,986 2.79 226,579 3.63 0.2909
2024-08-07 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 644,913 29,284 4.76 218,632 24.99 0.2980
2024-05-08 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 615,629 35,900 6.19 174,919 2.32 0.2438
2024-02-09 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 579,729 16,373 2.91 170,950 29.44 0.2529
2023-11-03 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 563,356 8,084 1.46 132,073 -6.91 0.2159
2023-08-10 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 555,272 -4,864 -0.87 141,878 26.81 0.2284
2023-05-09 2023-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 560,136 68,135 13.85 111,882 62.97 0.1890
2023-02-13 2022-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 492,001 5,131 1.05 68,654 -13.91 0.1215
2022-10-27 2022-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 486,870 346,067 245.78 79,743 14.66 0.1646
2022-08-01 2022-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 140,803 21,932 18.45 69,548 -6.01 0.1348
2022-05-11 2022-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 118,871 443 0.37 73,998 12.23 0.1232
2022-02-11 2021-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 118,428 1,544 1.32 65,934 17.76 0.1040
2021-11-10 2021-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 116,884 396 0.34 55,988 29.54 0.1053
2021-08-05 2021-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 116,488 1,826 1.59 43,222 17.05 0.0810
2021-04-28 2021-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 114,662 1,750 1.55 36,927 -7.97 0.0747
2021-02-04 2020-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 112,912 1,951 1.76 40,126 47.74 0.0864
2020-11-10 2020-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 110,961 4,987 4.71 27,159 11.59 0.0662
2020-08-07 2020-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 105,974 -5,391 -4.84 24,339 33.29 0.0639
2020-05-13 2020-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 111,365 -233 -0.21 18,260 -29.24 0.0570
2020-02-04 2019-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 111,598 1,367 1.24 25,806 14.86 0.0660
2019-11-08 2019-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 110,231 1,224 1.12 22,468 1.16 0.0612
2019-08-13 2019-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 109,007 1,921 1.79 22,211 -14.60 0.0619
2019-05-08 2019-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 107,086 -1,711 -1.57 26,009 26.92 0.0751
2019-02-13 2018-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 108,797 2,747 2.59 20,492 -14.22 0.0662
2018-10-31 2018-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 106,050 -121 -0.11 23,890 9.52 0.0692
2018-08-08 2018-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 106,171 246 0.23 21,814 13.44 0.0668
2018-05-08 2018-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 105,925 -10,422 -8.96 19,229 14.03 0.0590
2018-02-02 2017-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 116,347 -9,661 -7.67 16,863 -7.13 0.0516
2017-11-13 2017-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 126,008 -36,673 -22.54 18,158 -16.58 0.0582
2017-07-19 2017-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 162,681 -1,444 -0.88 21,768 17.70 0.0726
2017-05-03 2017-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 164,125 42,894 35.38 18,494 21.98 0.0634
2017-02-08 2016-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 121,231 10,096 9.08 15,161 -14.38 0.0545
2016-11-04 2016-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 111,135 70,061 170.57 17,707 251.54 0.0656
2016-08-10 2016-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 41,074 13,552 49.24 5,037 12.18 0.0192
2016-05-13 2016-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 27,522 6,562 31.31 4,490 21.61 0.0176
2016-02-10 2015-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 20,960 5,443 35.08 3,692 38.33 0.0149
2015-11-16 2015-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 15,517 -423 -2.65 2,669 -4.17 0.0112
2015-08-10 2015-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 15,940 -1,190 -6.95 2,785 11.27 0.0108
2015-05-08 2015-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 17,130 -4,233 -19.81 2,503 -4.39 0.0096
2015-02-13 2014-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 21,363 3,451 19.27 2,618 49.09 0.0101
2014-11-14 2014-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 17,912 1,650 10.15 1,756 28.83 0.0071
2014-08-14 2014-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 16,262 7,547 86.60 1,363 127.93 0.0054
2014-05-14 2014-03-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 8,715 -896 -9.32 598 8.33 0.0025
2014-02-13 2013-12-31 13F PALO ALTO NETWORKS COMMON STOCK 697435105 9,611 506 5.56 552 32.06 0.0022
2013-11-07 2013-09-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 9,105 3,668 67.46 418 81.74 0.0018
2013-08-09 2013-06-30 13F PALO ALTO NETWORKS COMMON STOCK 697435105 5,437 5,437 230 0.0010
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.