Which funds own PANW
Palo Alto Networks Inc in the Q2 2026 filings. 15 of the 94 managers on file reported a position, worth $19.1bn between them. Few of the managers on file hold it, so a position here is closer to a view than to a default. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 15
- of 94 on file
- Combined value
- $19.1bn
- as reported
- Opened
- 4
- new this quarter
- Added to
- 5
- already held
- Trimmed or sold out
- 10
- 4 sold out entirely
Every manager on file with a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Invesco Ltd Long-only · $1264bn book | $8.7bn | 0.7% | 25,647,946 | +$7.7bn+18,845,481 | Added |
| Fidelity (FMR LLC) Long-only · $2304bn book | $6.8bn | 0.3% | 20,054,462 | +$5.5bn+11,949,672 | Added |
| T. Rowe Price Associates Inc Long-only · $999bn book | $1.4bn | 0.1% | 4,155,391 | +$1.0bn+1,620,040 | Added |
| Wellington Management Group LLP Long-only · $580bn book | $946m | 0.2% | 2,774,225 | +$682m+1,129,480 | Added |
| Neuberger Berman Group LLC Long-only · $150bn book | $368m | 0.2% | 1,077,767 | +$189m-33,032 | Trimmed |
| Capital Research Global Investors Long-only · $717bn book | $354m | 0.0% | 1,037,093 | +$39m-924,106 | Trimmed |
| Marshall Wace LLP Quantitative · $127bn book | $165m | 0.1% | 485,051 | +$73m-90,017 | Trimmed |
| Acadian Asset Management LLC Quantitative · $84.2bn book | $161m | 0.2% | 470,621 | +$160m+466,810 | Added |
| Holocene Advisors LP Long/short equity · $44.4bn book | $101m | 0.2% | 295,304 | -$89m-889,135 | Trimmed |
| Verition Fund Management LLC Multi-strategy · $19.7bn book | $22m | 0.1% | 63,880 | -$8.1m-122,568 | Trimmed |
| Winton Group Ltd Quantitative · $3.1bn book | $4.0m | 0.1% | 11,829 | +$900k-7,775 | Trimmed |
| Discovery Capital Management LLC Macro · $2.4bn book | $3.5m | 0.1% | 10,174 | opened10,174 | New |
| Element Capital Management LLC Macro · $3.2bn book | $1.7m | 0.1% | 5,000 | opened5,000 | New |
| Rokos Capital Management LLP Macro · $26.8bn book | $1.7m | 0.0% | 5,132 | opened5,132 | New |
| Maverick Capital Ltd Long/short equity · $11.3bn book | $1.2m | 0.0% | 3,655 | opened3,655 | New |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Voloridge Investment Management LLC · Quantitative$17m held before
- Moore Capital Management LP · Macro$3.6m held before
- Bridgewater Associates LP · Macro$2.1m held before
- ARK Investment Management LLC · Long-only$1.7m held before
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Jane Street Group LLC · puts$2.5bn notional
- Jane Street Group LLC · calls$2.3bn notional
- Susquehanna International Group LLP · puts$2.3bn notional
- Susquehanna International Group LLP · calls$2.2bn notional
- Citadel Advisors LLC · calls$1.2bn notional
- Citadel Advisors LLC · puts$1.1bn notional
- Millennium Management LLC · puts$578m notional
- Millennium Management LLC · calls$317m notional
- Point72 Asset Management LP · puts$172m notional
- Point72 Asset Management LP · calls$108m notional
- Tudor Investment Corp · calls$65m notional
- Eisler Capital Management Ltd · puts$52m notional
- Brevan Howard Capital Management LP · calls$14m notional
What PANW is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around PANW →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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