Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionXcel Wealth Management, LLC
Latest Disclosed Ownership26,543 shares
Latest Disclosed Value $ 4,255,374
Xcel Wealth Management, LLC reports 1.27% increase in ownership of PANW / Palo Alto Networks, Inc.

On April 21, 2026 - Xcel Wealth Management, LLC filed a 13F-HR form disclosing ownership of 26,543 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $4,255,374 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 26,210 shares of Palo Alto Networks, Inc.. This represents a change in shares of 1.27% 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)
2026-04-21 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 26,543 333 1.27 4,255 -11.85 1.1770
2026-01-26 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 26,210 0 0.00 4,828 -9.54 1.2280
2025-10-29 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 26,210 2,152 8.95 5,337 8.39 1.3872
2025-07-15 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 24,058 -498 -2.03 4,923 17.49 1.4012
2025-04-28 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 24,556 -125 -0.51 4,190 -6.68 1.3057
2025-02-05 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 24,681 11,986 94.42 4,491 3.48 1.2446
2024-10-21 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 12,695 496 4.07 4,339 4.93 1.2692
2024-07-23 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 12,199 4,344 55.30 4,136 85.34 1.2949
2024-04-22 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 7,855 3,175 67.84 2,232 61.67 0.6977
2024-01-29 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 4,680 -38 -0.81 1,380 24.77 0.4839
2023-10-17 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 4,718 1,235 35.46 1,106 24.41 0.4364
2023-07-26 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 3,483 1,956 128.09 890 191.48 0.2812
2023-04-26 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 1,527 0 0.00 305 43.19 0.1073
2023-02-15 2022-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 1,527 -54 -3.42 213 -17.76 0.0839
2023-01-19 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 1,527 -54 0 0.0839
2022-10-20 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 1,581 1,048 196.62 259 -1.52 0.0964
2022-07-26 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 533 -1,459 -73.24 263 -78.79 0.0959
2022-04-29 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 1,992 -710 -26.28 1,240 -17.55 0.3400
2022-02-03 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 2,702 -145 -5.09 1,504 10.26 0.3866
2021-10-21 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 2,847 -6 -0.21 1,364 28.80 0.3955
2021-07-15 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 2,853 820 40.33 1,059 61.68 0.3197
2021-04-15 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 2,033 0 0.00 655 -9.28 0.2336
2021-01-13 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 2,033 9 0.44 722 45.86 0.3116
2020-10-27 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 2,024 0 0.00 495 6.68 0.2545
2020-07-10 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 2,024 2,024 464 0.2878
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.