L3VLUP
Quarter end
30 Jun 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 7 Aug 2025
Managers listing it
25
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q1 2025 and Q2 2025; 20 listed it in both
Shares listed
33,587,935
combined, among listed positions
Reported value
$6.9bn
combined, at the quarter end

Among the 95 comparable managers: 17 buyers (opened or added shares) and 8 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing PANW in Q2 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q1 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

25 of 25 holders

ActionFiling
Fidelity (FMR LLC)10,371,722$2.1bn0.12%Added+1,336,28814 Aug 2025 (the filing on sec.gov)
Invesco Ltd5,036,516$1.0bn0.18%Trimmed-153,19013 Aug 2025 (the filing on sec.gov)
T. Rowe Price Associates Inc3,949,231$808m0.09%Added+69,72514 Aug 2025 (the filing on sec.gov)
Capital Research Global Investors3,358,408$687m0.14%Trimmed-1,286,63113 Aug 2025 (the filing on sec.gov)
AllianceBernstein LP2,021,139$414m0.13%Added+218,32614 Aug 2025 (the filing on sec.gov)
AQR Capital Management LLC1,952,649$396m0.33%Added+279,25714 Aug 2025 (the filing on sec.gov)
Bridgewater Associates LP1,533,292$314m1.27%Added+685,05913 Aug 2025 (the filing on sec.gov)
Neuberger Berman Group LLC951,664$195m0.15%Trimmed-54,75227 Oct 2026 (the filing on sec.gov)
Wellington Management Group LLP616,611$126munder 0.1%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Squarepoint Ops LLC614,925$126m0.13%Added+195,92227 Aug 2025 (the filing on sec.gov)
Janus Henderson Group Ltd602,861$123m0.06%Trimmed-630,03314 Aug 2025 (the filing on sec.gov)
Voloridge Investment Management LLC537,232$110m0.41%Added+451,41414 Aug 2025 (the filing on sec.gov)
Two Sigma Investments LP534,252$109m0.19%Trimmed-273,23214 Aug 2025 (the filing on sec.gov)
Acadian Asset Management LLC518,643$106m0.22%Added+367,8627 Aug 2025 (the filing on sec.gov)
Man Group PLC451,959$92m0.18%Added+259,39814 Aug 2025 (the filing on sec.gov)
Two Sigma Advisers LP212,012$43m0.09%Trimmed-568,40014 Aug 2025 (the filing on sec.gov)
Verition Fund Management LLC118,456$24m0.11%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC52,993$11m0.07%Added+5,49014 Aug 2025 (the filing on sec.gov)
PDT Partners LLC43,214$8.8m0.50%Added+24,41414 Aug 2025 (the filing on sec.gov)
Quantbot Technologies LP37,137$7.6m0.19%Added+25,36913 Aug 2025 (the filing on sec.gov)
Brevan Howard Capital Management LP32,776$6.7munder 0.1%Addedn.a.14 Aug 2025 (the filing on sec.gov)
GAMCO Investors Inc17,643$3.6munder 0.1%Trimmed-9013 Aug 2025 (the filing on sec.gov)
Winton Group Ltd14,492$3.0m0.15%Trimmed-89,69714 Aug 2025 (the filing on sec.gov)
Caxton Associates LLP5,613$1.1munder 0.1%Newnew15 Aug 2025 (the filing on sec.gov)
Rokos Capital Management LLP2,495$511kunder 0.1%Newnew14 Aug 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q1 2025 to Q2 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Exited (0)

No exit shown by a manager’s own filing.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
20 in Q3 2024 to 27 in Q2 2026

Tracked managers listing it, at least.

010203040split2014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
PANW by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20137$402mn.a.n.a.
Q3 20134$417mn.a.n.a.
Q4 20134$863mn.a.n.a.
Q1 20149$1.1bnn.a.n.a.
Q2 201414$1.1bnn.a.n.a.
Q3 201416$1.1bnn.a.n.a.
Q4 201410$1.7bnn.a.n.a.
Q1 201518$2.3bnn.a.n.a.
Q2 201518$2.4bnn.a.n.a.
Q3 201518$2.2bnn.a.n.a.
Q4 201518$2.4bnn.a.n.a.
Q1 201618$2.3bnn.a.n.a.
Q2 201611$1.1bnn.a.n.a.
Q3 201612$1.7bnn.a.n.a.
Q4 201611$1.1bnn.a.n.a.
Q1 201713$799mn.a.n.a.
Q2 201714$1.2bnn.a.n.a.
Q3 201714$1.3bnn.a.n.a.
Q4 201716$1.4bnn.a.n.a.
Q1 201815$1.8bnn.a.n.a.
Q2 201817$2.1bnn.a.n.a.
Q3 201822$2.6bnn.a.n.a.
Q4 201820$1.7bnn.a.n.a.
Q1 201925$2.6bnn.a.n.a.
Q2 201916$1.8bnn.a.n.a.
Q3 201915$2.0bnn.a.n.a.
Q4 201917$2.9bnn.a.n.a.
Q1 202012$1.6bnn.a.n.a.
Q2 202022$2.6bnn.a.n.a.
Q3 202015$2.0bnn.a.n.a.
Q4 202023$4.0bnn.a.n.a.
Q1 202121$3.6bnn.a.n.a.
Q2 202120$3.9bnn.a.n.a.
Q3 202126$4.6bnn.a.n.a.
Q4 202121$5.4bnn.a.n.a.
Q1 202229$6.3bnn.a.n.a.
Q2 202232$5.0bnn.a.n.a.
Q3 202229$4.8bnn.a.n.a.
Q4 202221$3.4bnn.a.n.a.
Q1 202329$5.7bnn.a.n.a.
Q2 202332$6.9bnn.a.n.a.
Q3 202329$7.1bnn.a.n.a.
Q4 202325$6.8bn1116
Q1 202423$4.9bn815
Q2 202417$5.1bn129
Q3 202420$4.9bn148
Q4 2024 (split)23$5.3bn41
Q1 202524$5.6bn179
Q2 202525$6.9bn178
Q3 202530$7.1bn1713
Q4 202522$9.0bn1924
Q1 202621$7.6bn1723
Q2 202627$21.7bn2019

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

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How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own PANW, latest filings →Back to the 13F Explorer →