Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionLinscomb & Williams, Inc.
Latest Disclosed Ownership27,426 shares
Latest Disclosed Value $ 4,396,937
Linscomb & Williams, Inc. reports 25.10% decrease in ownership of PANW / Palo Alto Networks, Inc.

On May 11, 2026 - Linscomb & Williams, Inc. filed a 13F-HR form disclosing ownership of 27,426 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $4,396,937 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 36,619 shares of Palo Alto Networks, Inc.. This represents a change in shares of -25.10% 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)
2026-05-11 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 27,426 -9,193 -25.10 4,397 -34.83 0.1957
2026-02-10 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 36,619 90 0.25 6,745 -9.32 0.2832
2025-11-05 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 36,529 -1,433 -3.77 7,438 -4.25 0.3204
2025-08-04 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 37,962 3,386 9.79 7,769 31.66 0.3571
2025-05-12 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 34,576 -1,792 -4.93 5,900 -10.84 0.2938
2025-02-05 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 36,368 18,070 98.75 6,618 5.80 0.3295
2024-11-06 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 18,298 -288 -1.55 6,254 -0.73 0.3101
2024-08-07 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 18,586 15 0.08 6,301 19.41 0.3260
2024-05-14 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 18,571 -192 -1.02 5,277 -4.63 0.2714
2024-02-06 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 18,763 -291 -1.53 5,533 23.84 0.3045
2023-10-10 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 19,054 -147 -0.77 4,467 -8.95 0.2613
2023-08-09 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 19,201 -252 -1.30 4,906 26.28 0.2647
2023-05-11 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 19,453 -374 -1.89 3,886 40.46 0.2038
2023-02-14 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 19,827 441 2.27 2,767 -12.88 0.1404
2022-11-09 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 19,386 13,092 208.01 3,175 2.12 0.1928
2022-08-15 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 6,294 -282 -4.29 3,109 -24.04 0.1782
2022-05-17 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 6,576 52 0.80 4,093 12.69 0.1955
2022-02-10 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 6,524 -36 -0.55 3,632 15.60 0.1734
2021-11-03 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 6,560 511 8.45 3,142 40.02 0.1619
2021-08-10 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 6,049 276 4.78 2,244 20.71 0.1149
2021-05-12 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 5,773 509 9.67 1,859 -0.64 0.1011
2021-02-11 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 5,264 617 13.28 1,871 64.56 0.1118
2020-11-13 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 4,647 3,757 422.13 1,137 457.35 0.0783
2020-08-11 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 890 -3,321 -78.86 204 -70.43 0.0149
2020-05-11 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 4,211 -916 -17.87 690 -41.82 0.0610
2020-02-13 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 5,127 5,127 1,186 0.0774
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.