undamentalytics Newsletter

Palo Alto Networks: which funds bought and sold

Institutions that bought and sold Palo Alto Networks shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 1,492 institutions that filed 13F reports for both quarters added to or opened positions in Palo Alto Networks, and 1,247 cut or closed them. Together they added a net 13.4M shares, +2.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 15.0M shares (+30.0%); index fund managers were net buyers of 5.5M shares (+2.5%). 551 opened a new position and 122 sold out entirely.

Bought, Q2 2026 1,492 institutions, 551 of them new holders Sold, Q2 2026 1,247 institutions, 122 of them sold out
Net change, all compared +13.4M shares (+2.1%)
Net change, active managers +15.0M shares (+30.0%), 39 bought, 58 sold

Buyers versus sellers

institutions compared, 2,967
Active managers and hedge funds 39 bought · 58 sold · +15.0M
Index fund managers 8 bought · 4 sold · +5.5M
Other institutions 1,445 bought · 1,185 sold · −7.1M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
FMR LLC Active manager +11.9M +147.4% 20.1M $6.8B
Jpmorgan Chase & Co +8.2M +61.2% 21.7M $7.2B
Fisher Asset Management, LLC Active manager +5.5M +2142.6% 5.8M $2B
Blackrock, Inc. Index funds +3.3M +4.6% 75.8M $25.8B
Jane Street Group, LLC +2.1M +3002.6% 2.2M $750M
Invesco Ltd. +1.7M +7.2% 25.6M $8.7B
Goldman Sachs Group Inc +1.7M +27.2% 7.9M $2.7B
Polar Capital Holdings PLC Active manager +1.7M New position 1.7M $570M
Price T Rowe Associates Inc Active manager +1.6M +63.9% 4.2M $1.4B
State Street Corp Index funds +1.5M +4.2% 37.0M $12.6B
Assenagon Asset Management S.A. +1.3M +286.9% 1.8M $615M
Wellington Management Group LLP Active manager +1.1M +68.7% 2.8M $946M
Nuveen, LLC +1.0M +12.7% 9.0M $3.1B
Meitav Investment House Ltd +721K New position 721K $246M
UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC +706K +8.7% 8.8M $3B
Capital International Investors Active manager +654K New position 654K $223M
Mizuho Markets Cayman LP +568K +23985.6% 570K $194M
1832 Asset Management L.P. +547K +2626.3% 568K $194M
Phoenix Financial Ltd. +520K +225.4% 751K $256M
Acadian Asset Management LLC Active manager +467K +12249.0% 471K $160M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Morgan Stanley −2.9M −8.9% 29.5M $10B
Pictet Asset Management Holding SA −2.5M −52.9% 2.3M $772M
Harel Insurance Investments & Financial Services Ltd. −2.1M −77.2% 629K $214M
UBS Group AG −1.5M −18.1% 6.8M $2.3B
First Trust Advisors LP −1.2M −18.7% 5.3M $1.8B
Rathbones Group PLC −1.1M −56.5% 819K $279M
Railway Pension Investments Ltd −983K Sold out 0 —
Capital Research Global Investors Active manager −924K −47.1% 1.0M $354M
DZ Bank AG Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main −922K −40.1% 1.4M $470M
Holocene Advisors, LP Hedge fund −889K −75.1% 295K $101M
Amundi −880K −14.0% 5.4M $1.8B
Nordea Investment Management AB −804K −37.4% 1.3M $452M
Clearbridge Investments, LLC Active manager −756K −15.4% 4.2M $1.4B
Abn Amro Bank N.V. −753K −47.7% 827K $282M
Altshuler Shaham Ltd −751K −98.9% 8,090 $2.8M
BNP Paribas Financial Markets −720K −32.3% 1.5M $514M
Brown Advisory Inc Active manager −688K −39.4% 1.1M $361M
Barclays PLC −687K −18.0% 3.1M $1.1B
Omers Administration Corp −686K −79.1% 181K $61.7M
AQR Capital Management LLC Hedge fund −603K −43.6% 781K $266M

New positions

largest by value

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Railway Pension Investments Ltd 983K $158M
Anomaly Capital Management, LPHedge fund 530K $85M
Tremblant Capital GroupHedge fund 505K $80.9M
Soma Equity Partners LP 463K $74.2M
Cadian Capital Management, LPHedge fund 275K $44M
Trinitybridge Ltd 132K $21.1M
Optiver Holding B.V. 125K $20M
Voloridge Investment Management, LLCHedge fund 106K $17M
Capstone Investment Advisors, LLCHedge fund 104K $16.6M
Walleye Trading LLC 91K $14.6M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
2,894
Ten largest holders
48.5%
of 13F-reported shares
Index fund managers
34.0%
of 13F-reported shares
Active managers and hedge funds
9.7%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 39 58 12 12 +15.0M +30.0%
Index fund managers 8 4 0 0 +5.5M +2.5%
Other institutions 1,445 1,185 539 110 −7.1M −1.9%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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