Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Palo Alto Networks Inc (PANW)

3K + Investors. Track Smart Money conviction in PANW. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +463
Streak
1Q ▲
Buyers last Q
55%

Smart Money Signals — PANW

Based on 2929 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added PANW than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
2,929 hedge funds hold PANW right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +25% more funds vs a year ago

fund count last 6Q
+583 new funds entered over the past year (+25% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 55% buying

1609 buying1310 selling
Last quarter: 1,609 funds bought or added vs 1,310 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+351 vs last Q)

new funds entering per quarter
Funds opening a new PANW position: 255 → 306 → 285 → 636. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 21% medium ■ 25% new
1,599 out of 2,929 hedge funds have held PANW for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +137% but shares only +75% — price-driven

Value
+137%
Shares
+74%
Last quarter: the total dollar value of institutional holdings rose +137%, but actual share count only changed +75%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
🚀

Acceleration phase — new buyers rushing in

276 → 255 → 306 → 285 → 636 new funds/Q
New funds entering each quarter: 255 → 306 → 285 → 636. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 58% veterans vs 27% newcomers

■ 58% veterans ■ 15% 1-2yr ■ 27% new
Entry-cohort mix of 3,036 holders: 1,762 (58%) are 2+ year veterans, 443 entered 1–2 years ago, and 831 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 63% AUM from top-100 funds

63% from top-100 AUM funds
70 of 2906 holders are among the 100 largest funds by AUM, controlling 63% of total institutional value in PANW. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PANW

In 2026 Q2, 1609 hedge funds were net buyers of PANW (636 opened a new position, 973 added to an existing one), while 1310 reduced or exited (1137 trimmed, 173 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 63% of total institutional value in PANW is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +463 funds (more new holders than closures). Total institutional holders: 2929.

Hedge Fund Ownership: PANW

How many hedge funds hold PANW — quarterly history vs. share price
Quarterly hedge fund ownership of PANW vs. share price

Market Analysis: PANW

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PANW

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Palo Alto Networks Inc (PANW) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PANW has moved relative to its sector benchmark (XLK) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 78d ago
PANW
+10.0%
XLK
-3.6%

PANW outperformed XLK by +13.6% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 33d ago
PANW
-2.4%
XLK
-3.3%

Since the filing became public, PANW outperformed XLK by +0.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Strong Institutional Conviction

Multiple high-quality funds hold meaningful positions with strong conviction.

84 top-rated funds 105 high-conviction
Consensus
8.4
/ 10
breadth
×
Elite
8.9
/ 10
conviction
Hedge Fund Positioning: PANW
3K + Investors

Track Smart Money conviction in PANW. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 2884 2466 16.95%
13F Shares 718M 650M 10.44%
Total Value $240.10B $101.72B 136.04%
New Positions 623 285 +338
Increased Positions 944 1250 -306
Closed Positions 182 318 -136
Reduced Positions 1103 734 +369
Total Calls 68 59 15.25%
Total Puts 61 52 17.31%
PUT/CALL Ratio 0.9 0.88 Neutral

Statistics: PANW

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

3K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PANW. Verified SEC 13F-HR filings.

QUARTER:
Top 25 PANW holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 American Capital Management Inc 8.76% 572,934 $195.4M
2 Carroll Investors, Inc 8.59% 58,955 $20.1M
3 Stony Point Capital LLC 8.21% 370,769 $126.4M
4 Tran Capital Management, L.P. 7.97% 203,058 $69.2M
5 Mizuho Markets Cayman LP 7.29% 570,105 $194.4M
6 MayTech Global Investments, LLC 7.04% 185,946 $63.4M
7 Motley Fool Wealth Management, LLC 6.99% 1,349 $460K
8 Wormser Freres Gestion 6.74% 33,740 $11.9M
9 Y.D. More Investments Ltd 6.29% 592,718 $202.1M
10 Mogy Joel R Investment Counsel Inc 6.02% 308,019 $105.0M
11 Triodos Investment Management BV 5.92% 285,300 $97.2M
12 Washington Trust Advisors, Inc. 5.79% 228,607 $78.0M
13 Spurstone Advisory Services, LLC 5.77% 1,200 $422K
14 Randolph Co Inc 5.66% 196,951 $67.2M
15 Wills Financial Group LLC 5.61% 45,182 $15.4M
16 Grange Capital, LLC 5.22% 16,619 $5.7M
17 Commons Capital, LLC 5.12% 21,451 $7.3M
18 Klingenstein Fields & Co LP 5.09% 426,619 $145.5M
19 Encore Global Management, LP 5.02% 15,000 $5.1M
20 Alta Park Capital, LP 5.02% 160,554 $54.8M
21 Quilter Plc 4.90% 955,609 $325.9M
22 Mirova US LLC 4.79% 1,305,090 $445.1M
23 Kelly Lawrence W & Associates Inc/Ca 4.73% 64,860 $22.1M
24 Conscious Wealth Investments, LLC 4.71% 26,800 $9.2M
25 Price Financial Group Wealth Management, Inc 4.66% 805 $280K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Palo Alto Networks Inc (PANW)

What does the Smart Money Trend signal show for PANW?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added PANW than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PANW?

Slight buying edge — 55% buying: Last quarter: 1,609 funds bought or added vs 1,310 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PANW holders?

Elite ownership — 63% AUM from top-100 funds: 70 of 2906 holders are among the 100 largest funds by AUM, controlling 63% of total institutional value in PANW. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held PANW?

55% of holders stayed for 2+ years: 1,599 out of 2,929 hedge funds have held PANW for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Palo Alto Networks Inc (PANW) following the 2026 Q2 hedge fund 13F filings?

As of today, PANW has moved -2.4% since the 2026 Q2 13F filing date (August 14, 2026), compared to -3.3% for the XLK sector ETF — an outperformance of +0.9%. Since the quarter end (June 30, 2026), PANW has gained +10.0% vs -3.6% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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