Palo Alto Networks, Inc.
US ˙ NasdaqGS ˙ US6974351057

SecurityPANW / Palo Alto Networks, Inc.
InstitutionShell Asset Management Co
Latest Disclosed Ownership9,402 shares
Latest Disclosed Value $ 1,914
Shell Asset Management Co reports 78.82% decrease in ownership of PANW / Palo Alto Networks, Inc.

On November 7, 2025 - Shell Asset Management Co filed a 13F-HR form disclosing ownership of 9,402 shares of Palo Alto Networks, Inc. (US:PANW) valued at $1,914,435 USD as of September 30, 2025. The entity filed a previous 13F-HR on July 23, 2025 disclosing 44,382 shares of Palo Alto Networks, Inc.. This represents a change in shares of -78.82% during the quarter. The current value of the position is $2,625,508 USD.

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.

Upgrade to unlock premium data and export to Excel .

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)
2025-11-07 2025-09-30 13F PALO ALTO NETWORKS COM 697435105 9,402 -34,980 -78.82 2 -88.89 0.1922
2025-07-23 2025-06-30 13F PALO ALTO NETWORKS COM 697435105 44,382 6,750 17.94 9 50.00 0.3136
2025-05-14 2025-03-31 13F PALO ALTO NETWORKS COM 697435105 37,632 -1,290 -3.31 6 -14.29 0.3049
2025-02-14 2024-12-31 13F PALO ALTO NETWORKS COM 697435105 38,922 18,896 94.36 7 16.67 0.3094
2024-11-07 2024-09-30 13F PALO ALTO NETWORKS COM 697435105 20,026 -3,820 -16.02 7 -25.00 0.3013
2024-07-25 2024-03-31 13F PALO ALTO NETWORKS COM 697435105 23,846 229 0.97 8 33.33 0.3681
2024-02-14 2023-12-31 13F PALO ALTO NETWORKS COM 697435105 23,617 -5,357 -18.49 7 0.00 0.3216
2023-11-08 2023-09-30 13F PALO ALTO NETWORKS COM 697435105 28,974 -5,044 -14.83 7 -25.00 0.2807
2023-07-28 2023-06-30 13F PALO ALTO NETWORKS COM 697435105 34,018 23,305 217.54 9 300.00 0.3428
2023-05-15 2023-03-31 13F PALO ALTO NETWORKS COM 697435105 10,713 5,914 123.23 2 0.0888
2023-02-07 2022-12-31 13F PALO ALTO NETWORKS COM 697435105 4,799 -795 -14.21 1 -100.00 0.0293
2022-11-14 2022-09-30 13F PALO ALTO NETWORKS COM 697435105 5,594 4,748 561.23 916 119.14 0.0357
2022-08-09 2022-06-30 13F PALO ALTO NETWORKS COM 697435105 846 846 418 0.0124
2021-11-04 2021-09-30 13F PALO ALTO NETWORKS COM 697435105 0 -731 -100.00 0 -100.00
2021-08-12 2021-06-30 13F PALO ALTO NETWORKS COM 697435105 731 -129 -15.00 271 -2.17 0.0053
2021-05-10 2021-03-31 13F PALO ALTO NETWORKS COM 697435105 860 -3,558 -80.53 277 -82.36 0.0055
2021-02-16 2020-12-31 13F PALO ALTO NETWORKS COM 697435105 4,418 2,550 136.51 1,570 243.54 0.0324
2020-11-13 2020-09-30 13F PALO ALTO NETWORKS COM 697435105 1,868 -341 -15.44 457 -9.86 0.0106
2020-08-10 2020-06-30 13F PALO ALTO NETWORKS COM 697435105 2,209 -9,629 -81.34 507 -73.88 0.0127
2020-05-11 2020-03-31 13F PALO ALTO NETWORKS COM 697435105 11,838 -300 -2.47 1,941 -30.85 0.0541
2020-02-13 2019-12-31 13F PALO ALTO NETWORKS COM 697435105 12,138 -59 -0.48 2,807 12.91 0.0605
2019-11-12 2019-09-30 13F PALO ALTO NETWORKS COM 697435105 12,197 -400 -3.18 2,486 -3.16 0.0568
2019-08-12 2019-06-30 13F PALO ALTO NETWORKS COM 697435105 12,597 -3,124 -19.87 2,567 -32.77 0.0568
2019-05-09 2019-03-31 13F PALO ALTO NETWORKS COM 697435105 15,721 165 1.06 3,818 30.31 0.0842
2019-02-13 2018-12-31 13F PALO ALTO NETWORKS COM 697435105 15,556 2,705 21.05 2,930 1.21 0.0730
2018-11-13 2018-09-30 13F PALO ALTO NETWORKS COM 697435105 12,851 -8,689 -40.34 2,895 -34.59 0.0571
2018-08-10 2018-06-30 13F PALO ALTO NETWORKS COM 697435105 21,540 1,409 7.00 4,426 21.13 0.0907
2018-05-14 2018-03-31 13F PALO ALTO NETWORKS COM 697435105 20,131 1,238 6.55 3,654 33.46 0.0728
2018-02-09 2017-12-31 13F PALO ALTO NETWORKS COM 697435105 18,893 496 2.70 2,738 3.28 0.0543
2017-10-20 2017-09-30 13F/A-1 PALO ALTO NETWORKS COM 697435105 18,397 12,996 240.62 2,651 266.67 0.0589
2017-07-26 2017-06-30 13F PALO ALTO NETWORKS COM 697435105 5,401 -530 -8.94 723 8.23 0.0179
2017-04-26 2017-03-31 13F PALO ALTO NETWORKS COM 697435105 5,931 0 0.00 668 -9.97 0.0171
2017-01-10 2016-12-31 13F PALO ALTO NETWORKS COM 697435105 5,931 -961 -13.94 742 -32.42 0.0201
2016-10-28 2016-09-30 13F PALO ALTO NETWORKS COM 697435105 6,892 -12 -0.17 1,098 29.63 0.0263
2016-07-25 2016-06-30 13F PALO ALTO NETWORKS COM 697435105 6,904 3,174 85.09 847 39.08 0.0196
2016-05-11 2016-03-31 13F PALO ALTO NETWORKS COM 697435105 3,730 263 7.59 609 -0.33 0.0146
2016-02-05 2015-12-31 13F PALO ALTO NETWORKS COM 697435105 3,467 3,467 0.00 611 0.0144
2015-10-13 2015-09-30 13F PALO ALTO NETWORKS COM 697435105 0 -5,209 -100.00 0 -100.00
2015-07-30 2015-06-30 13F PALO ALTO NETWORKS COM 697435105 5,209 -1,016 -16.32 910 0.11 0.0182
2015-05-07 2015-03-31 13F PALO ALTO NETWORKS COM 697435105 6,225 6,225 909 0.0158
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.