Palo Alto Networks, Inc.
CH ˙ SWX ˙ US6974351057
SecurityCH:PANW / Palo Alto Networks, Inc.
InstitutionMackenzie Financial Corp
Latest Disclosed Ownership246,800 shares
Latest Disclosed Value $ 39,566,976
Mackenzie Financial Corp reports 28.42% increase in ownership of PANW / Palo Alto Networks, Inc.

On May 13, 2026 - Mackenzie Financial Corp filed a 13F-HR form disclosing ownership of 246,800 shares of Palo Alto Networks, Inc. (CH:PANW) valued at $39,566,976 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 18, 2026 disclosing 192,183 shares of Palo Alto Networks, Inc.. This represents a change in shares of 28.42% 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)
2026-05-13 2026-03-31 13F PALO ALTO NETWORKS COM 697435105 246,800 54,617 28.42 39,567 10.40 0.0475
2026-02-18 2025-12-31 13F PALO ALTO NETWORKS COM 697435105 192,183 78,725 69.39 35,839 55.13 0.0424
2025-11-13 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 113,458 26,427 30.37 23,102 29.71 0.0280
2025-08-13 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 87,031 1,985 2.33 17,810 22.73 0.0231
2025-05-07 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 85,046 -391 -0.46 14,512 -6.65 0.0206
2025-05-02 2024-12-31 13F/A-2 PALO ALTO NETWORKS COM 697435105 85,437 42,277 97.95 15,546 5.38 0.0212
2025-02-20 2024-12-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 85,437 42,277 15,546 0.0202
2025-02-14 2024-12-31 13F Palo Alto Networks Common Stock 697435105 85,437 42,277 15,766 0.0226
2024-11-13 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 43,160 -6,203 -12.57 14,752 -11.84 0.0205
2024-08-14 2024-06-30 13F PALO ALTO NETWORKS COM 697435105 49,363 1,305 2.72 16,735 22.56 0.0249
2024-05-10 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 48,058 -2,214 -4.40 13,655 -7.89 0.0197
2024-01-30 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 50,272 -2,632 -4.98 14,824 20.93 0.0224
2023-10-25 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 52,904 -8,217 -13.44 12,258 -21.24 0.0206
2023-08-03 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 61,121 -51,418 -45.69 15,564 -30.76 0.0236
2023-04-24 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 112,539 -32,537 -22.43 22,479 11.04 0.0347
2023-02-14 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 145,076 4,380 3.11 20,244 -12.16 0.0338
2022-10-07 2022-09-30 13F Palo Alto Networks Common Stock 697435105 140,696 73,589 109.66 23,045 -30.48 0.0396
2022-08-10 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 67,107 -398 -0.59 33,147 -21.12 0.0531
2022-05-13 2022-03-31 13F PALO ALTO NETWORKS COM 697435105 67,505 45,730 210.01 42,023 246.64 0.0563
2022-02-14 2021-12-31 13F PALO ALTO NETWORKS COM 697435105 21,775 -1,344 -5.81 12,123 9.47 0.0163
2021-11-08 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 23,119 19,478 534.96 11,074 719.69 0.0157
2021-08-11 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 3,641 325 9.80 1,351 26.50 0.0019
2021-05-14 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 3,316 565 20.54 1,068 9.20 0.0016
2021-02-10 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 2,751 -3,259 -54.23 978 -33.51 0.0021
2020-11-13 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 6,010 3,305 122.18 1,471 136.88 0.0037
2020-08-13 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 2,705 -123 -4.35 621 33.84 0.0017
2020-05-14 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 2,828 289 11.38 464 -20.95 0.0015
2020-02-13 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 2,539 1,170 85.46 587 110.39 0.0014
2019-11-14 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 1,369 2 0.15 279 0.00 0.0007
2019-08-23 2019-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 1,367 -338 -19.82 279 -32.61 0.0007
2019-08-14 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 1,367 -338 279
2019-05-15 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 1,705 -1,843 -51.94 414 -38.02 0.0010
2019-02-06 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 3,548 -319 -8.25 668 -23.31 0.0018
2018-11-15 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 3,867 862 28.69 871 41.17 0.0021
2018-08-13 2018-06-30 13F PALO ALTO NETWORKS COM 697435105 3,005 640 27.06 617 43.82 0.0016
2018-05-14 2018-03-31 13F/A-1 PALO ALTO NETWORKS COM 697435105 2,365 610 34.76 429 68.90 0.0011
2018-05-14 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 2,365 429
2018-02-13 2017-12-31 13F PALO ALTO NETWORKS COM 697435105 1,755 1,755 254 0.0006
2017-02-14 2016-12-31 13F PALO ALTO NETWORKS COM 697435105 0 -7,162 -100.00 0 -100.00
2016-11-15 2016-09-30 13F PALO ALTO NETWORKS COM 697435105 7,162 -62,213 -89.68 1,141 -86.59 0.0071
2016-08-12 2016-06-30 13F PALO ALTO NETWORKS COM 697435105 69,375 24 0.03 8,508 -24.80 0.0481
2016-05-12 2016-03-31 13F PALO ALTO NETWORKS COM 697435105 69,351 -800 -1.14 11,314 -8.43 0.1026
2016-02-12 2015-12-31 13F PALO ALTO NETWORKS COM 697435105 70,151 400 0.57 12,356 2.99 0.0767
2015-11-13 2015-09-30 13F PALO ALTO NETWORKS COM 697435105 69,751 1,128 1.64 11,997 0.08 0.0728
2015-08-13 2015-06-30 13F PALO ALTO NETWORKS COM 697435105 68,623 20,423 42.37 11,988 70.26 0.0650
2015-05-13 2015-03-31 13F PALO ALTO NETWORKS COM 697435105 48,200 48,200 7,041 0.0371
2013-11-12 2013-09-30 13F PALO ALTO NETWORKS COM 697435105 0 -19,800 -100.00 0 -100.00
2013-08-20 2013-06-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 19,800 19,800 835 0.0040
2013-08-09 2013-06-30 13F PALO ALTO NETWORKS COM 697435105 19,800 835 0.0040
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.