Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionFifth Third Bancorp
Latest Disclosed Ownership1,542,415 shares
Latest Disclosed Value $ 247,280,078
Fifth Third Bancorp reports 10.70% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 1, 2026 - Fifth Third Bancorp filed a 13F-HR form disclosing ownership of 1,542,415 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $247,280,078 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 2, 2026 disclosing 1,393,304 shares of Palo Alto Networks, Inc.. This represents a change in shares of 10.70% 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)
2026-05-01 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 1,542,415 149,111 10.70 247,280 -3.65 0.4519
2026-02-02 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 1,393,304 -41,845 -2.92 256,647 -12.18 0.8152
2025-11-07 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 1,435,149 56,993 4.14 292,225 3.62 0.9343
2025-07-15 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 1,378,156 7,756 0.57 282,026 20.60 0.9749
2025-04-15 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 1,370,400 -4,253 -0.31 233,845 -6.51 0.8889
2025-01-21 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 1,374,653 689,458 100.62 250,132 6.80 0.9073
2024-10-17 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 685,195 7,032 1.04 234,200 1.87 0.8483
2024-07-22 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 678,163 44,467 7.02 229,904 27.69 0.8755
2024-04-23 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 633,696 25,117 4.13 180,052 0.33 0.7043
2024-01-19 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 608,579 19,337 3.28 179,458 29.91 0.7634
2023-10-31 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 589,242 19,247 3.38 138,142 -5.15 0.6406
2023-07-26 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 569,995 18,728 3.40 145,639 32.27 0.6429
2023-04-24 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 551,267 -2,366 -0.43 110,110 42.53 0.5125
2023-01-25 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 553,633 21,963 4.13 77,254 -11.29 0.3713
2022-10-25 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 531,670 373,748 236.67 87,082 11.64 0.4550
2022-08-04 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 157,922 4,993 3.26 78,004 -18.06 0.3772
2022-04-19 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 152,929 3,104 2.07 95,200 14.13 0.3888
2022-02-01 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 149,825 -25,523 -14.56 83,417 -0.68 0.3243
2021-10-15 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 175,348 7,350 4.38 83,992 34.74 0.3649
2021-08-06 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 167,998 12,023 7.71 62,336 24.09 0.2734
2021-05-07 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 155,975 -22,784 -12.75 50,233 -20.93 0.2332
2021-02-16 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 178,759 8,687 5.11 63,529 52.62 0.3123
2020-11-09 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 170,072 19,914 13.26 41,625 20.70 0.2300
2020-08-05 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 150,158 21,358 16.58 34,487 63.31 0.2068
2020-05-05 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 128,800 -60,222 -31.86 21,118 -51.69 0.1507
2020-02-14 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 189,022 10,238 5.73 43,711 19.95 0.2434
2019-11-14 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 178,784 45,118 33.75 36,442 33.80 0.2185
2019-08-07 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 133,666 76,480 133.74 27,236 96.10 0.1664
2019-05-14 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 57,186 55,600 3,505.67 13,889 4,545.15 0.0891
2019-02-14 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 1,586 31 1.99 299 -14.57 0.0022
2018-11-14 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 1,555 -222 -12.49 350 -4.11 0.0022
2018-08-14 2018-06-30 13F PALO ALTO NETWORKS COM 697435105 1,777 292 19.66 365 35.19 0.0025
2018-05-15 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 1,485 899 153.41 270 217.65 0.0018
2018-02-14 2017-12-31 13F PALO ALTO NETWORKS COM 697435105 586 -919 -61.06 85 -60.83 0.0006
2017-11-14 2017-09-30 13F PALO ALTO NETWORKS COM 697435105 1,505 -263 -14.88 217 -8.44 0.0016
2017-08-11 2017-06-30 13F PALO ALTO NETWORKS COM 697435105 1,768 32 1.84 237 20.92 0.0017
2017-05-12 2017-03-31 13F PALO ALTO NETWORKS COM 697435105 1,736 -21 -1.20 196 -10.91 0.0015
2017-02-13 2016-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 1,757 -443 -20.14 220 -37.32 0.0018
2017-02-09 2016-12-31 13F PALO ALTO NETWORKS COM 697435105 2,200 0 351 0.0029
2016-11-10 2016-09-30 13F PALO ALTO NETWORKS COM 697435105 2,200 64 3.00 351 33.97 0.0029
2016-08-11 2016-06-30 13F PALO ALTO NETWORKS COM 697435105 2,136 -171 -7.41 262 -30.32 0.0022
2016-05-13 2016-03-31 13F PALO ALTO NETWORKS COM 697435105 2,307 267 13.09 376 4.74 0.0033
2016-02-16 2015-12-31 13F PALO ALTO NETWORKS COM 697435105 2,040 -128 -5.90 359 -3.75 0.0032
2015-11-13 2015-09-30 13F PALO ALTO NETWORKS COM 697435105 2,168 152 7.54 373 5.97 0.0035
2015-08-14 2015-06-30 13F PALO ALTO NETWORKS COM 697435105 2,016 -130 -6.06 352 12.46 0.0031
2015-05-14 2015-03-31 13F PALO ALTO NETWORKS COM 697435105 2,146 -628 -22.64 313 -7.94 0.0027
2015-02-13 2014-12-31 13F PALO ALTO NETWORKS COM 697435105 2,774 -966 -25.83 340 -7.36 0.0029
2014-11-17 2014-09-30 13F PALO ALTO NETWORKS COM 697435105 3,740 3,404 1,013.10 367 1,210.71 0.0033
2014-08-14 2014-06-30 13F PALO ALTO NETWORKS COM 697435105 336 336 13.51 28 100.00 0.0003
2014-02-14 2013-12-31 13F PALO ALTO NETWORKS COM 697435105 0 -296 -100.00 0 -100.00
2013-11-14 2013-09-30 13F PALO ALTO NETWORKS COM 697435105 296 146 97.33 14 133.33 0.0001
2013-08-14 2013-06-30 13F PALO ALTO NETWORKS COM 697435105 150 150 6 0.0001
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.