Vault-13

PALO ALTO NETWORKS INC PANW 0.375 06.01.25

NOTE 0.375% 6/0 · US DOMESTIC · CUSIP 697435AF2

63 institutional holders -2 vs Q3 2024
3,318,7663.3m shares reported held*
$1.5bnreported value*
5 new 7 added 30 reduced 10 sold out net sold ≈ $988.6m (-98.9m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $463.47.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 76Q4 22: 82Q1 23: 87Q2 23: 85Q3 23: 85Q4 23: 85Q1 24: 77Q2 24: 72Q3 24: 65Q4 24: 6363Q3 22Q1 23Q3 23Q1 24Q3 24Q4 24
Numbers
QuarterHolders
Q3 202276
Q4 202282
Q1 202387
Q2 202385
Q3 202385
Q4 202385
Q1 202477
Q2 202472
Q3 202465
Q4 202463

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q1 23: 38 bought or addedQ1 23: 37 cut or sold outQ2 23: 27 bought or addedQ2 23: 53 cut or sold outQ2 23Q3 23: 30 bought or addedQ3 23: 38 cut or sold outQ4 23: 32 bought or addedQ4 23: 40 cut or sold outQ4 23Q1 24: 25 bought or addedQ1 24: 56 cut or sold outQ2 24: 13 bought or addedQ2 24: 47 cut or sold outQ2 24Q3 24: 15 bought or addedQ3 24: 42 cut or sold outQ4 24: 12 bought or addedQ4 24: 40 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q1 20233837
Q2 20232753
Q3 20233038
Q4 20233240
Q1 20242556
Q2 20241347
Q3 20241542
Q4 20241240

Biggest buyers

BANK OF NOVA SCOTIA New +33,364,000+33.4m
LORD, ABBETT & CO. LLC New +6,628,000+6.6m
BARCLAYS PLC Added +988,000+988.0k
WELLS FARGO & COMPANY/MN Added +119,000+119.0k
AXA S.A. Added +85,000+85.0k
Jefferies Financial Group Inc. New +39,000+39.0k
Cassady Schiller Wealth Management, LLC New +3,000+3.0k
LOOMIS SAYLES & CO L P Added +2,570+2.6k
&PARTNERS Added +2,000+2.0k
Steward Partners Investment Advisory, LLC New +2,000+2.0k

Biggest sellers

BANK OF NOVA SCOTIA Sold out -92,130,000-92.1m
D. E. Shaw & Co., Inc. Reduced -86,237,000-86.2m
Shaolin Capital Management LLC Reduced -67,000,000-67.0m
BANK OF MONTREAL /CAN/ Reduced -11,280,000-11.3m
LAZARD ASSET MANAGEMENT LLC Reduced -7,823,000-7.8m
LORD, ABBETT & CO. LLC Sold out -6,768,000-6.8m
JPMORGAN CHASE & CO Reduced -4,835,000-4.8m
FMR LLC Reduced -4,802,000-4.8m
Elequin Capital, LP Sold out -4,268,000-4.3m
DLD Asset Management, LP Sold out -4,000,000-4.0m

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Calamos Advisors LLC 1.85% of their portfolio NAPERVILLE, IL 109,899,000109.9m $401.3m $401.3m 1.85% Reduced -117.0k -117,000
2 Shaolin Capital Management LLC 11.27% of their portfolio Miami, FL 100,000,000100.0m $366.0m $366.0m 11.27% Reduced -67.0m -67,000,000
3 BANK OF NOVA SCOTIA 0.21% of their portfolio TORONTO, A6 33,364,00033.4m $122.5m $122.5m 0.21% New
4 Alberta Investment Management Corp 0.61% of their portfolio EDMONTON, A0 25,000,00025.0m $91.3m $91.3m 0.61% Unchanged
5 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 14,398,00014.4m $52.5m $52.5m 0.00% Reduced -2.1m -2,100,000
6 MacKay Shields LLC 1.51% of their portfolio New York, NY 13,954,00014.0m $51.1m $51.1m 1.51% Reduced -72.0k -72,000
7 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 11,686,00011.7m $42.8m $42.8m 0.06% Reduced -7.8m -7,823,000
8 VOYA INVESTMENT MANAGEMENT LLC 0.04% of their portfolio ATLANTA, GA 11,510,00011.5m $42.2m $42.2m 0.04% Reduced -2.0m -2,000,000
9 ONTARIO TEACHERS PENSION PLAN BOARD 0.51% of their portfolio Toronto, A6 10,360,00010.4m $37.8m $37.8m 0.51% Unchanged
10 Parallax Volatility Advisers, L.P. 0.80% of their portfolio San Francisco, CA 10,000,00010.0m $36.6m $36.6m 0.80% Unchanged
11 FMR LLC 0.00% of their portfolio BOSTON, MA 8,787,0008.8m $32.1m $32.1m 0.00% Reduced -4.8m -4,802,000
12 BNP PARIBAS FINANCIAL MARKETS 0.02% of their portfolio PARIS, I0 7,230,0007.2m $26.4m $26.4m 0.02% Reduced -879.0k -879,000
13 LORD, ABBETT & CO. LLC 0.08% of their portfolio JERSEY CITY, NJ 6,628,0006.6m $24.3m $24.3m 0.08% New
14 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 6,445,0006.4m $23.5m $23.5m 0.03% Reduced -86.2m -86,237,000
15 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,588,0005.6m $20.4m $20.4m 0.00% Reduced -1.1m -1,100,000
16 Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio FRANKFURT AM MAIN, 2M 4,743,0004.7m $17.4m $17.4m 0.03% First filing
17 SSI INVESTMENT MANAGEMENT LLC 1.09% of their portfolio Los Angeles, CA 3,986,0004.0m $14.6m $14.6m 1.09% Reduced -1.1m -1,109,000
18 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,376,6003.4m $12.3m $12.3m 0.00% Reduced -3.0m -2,967,300
19 AXA S.A. 0.02% of their portfolio PARIS, I0 1,535,0001.5m $5.6m $5.6m 0.02% Added +85.0k +85,000
20 Union Bancaire Privee, UBP SA 0.08% of their portfolio GENEVA 1, V8 1,220,0001.2m $4.4m $4.4m 0.08% First filing
21 OFI INVEST ASSET MANAGEMENT 0.10% of their portfolio ISSY LES MOULINEAUX, I0 1,200,0001.2m $4.2m $4.2m 0.10% First filing
22 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 997,000997.0k $3.6m $3.6m 0.00% Added +988.0k +988,000
23 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 985,000985.0k $3.6m $3.6m 0.00% Reduced -1.1m -1,075,000
24 AGF MANAGEMENT LTD 0.02% of their portfolio TORONTO, A6 850,000850.0k $3.1m $3.1m 0.02% Unchanged
25 PALISADE CAPITAL MANAGEMENT, LP 0.07% of their portfolio FORT LEE, NJ 706,000706.0k $2.6m $2.6m 0.07% Reduced -500.0k -500,000
26 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 673,000673.0k $2.5m $2.5m 0.00% Unchanged
27 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 648,000648.0k $2.4m $2.4m 0.00% Added +119.0k +119,000
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 590,000590.0k $2.2m $2.2m 0.00% Reduced -2.1m -2,125,000
29 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 500,000500.0k $1.8m $1.8m 0.00% Unchanged
30 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 450,000450.0k $1.6m $1.6m 0.00% Unchanged
31 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 400,000400.0k $1.5m $1.5m 0.00% Unchanged
32 NOMURA HOLDINGS INC 0.32% of their portfolio TOKYO, M0 336,030336.0k $61.1m $61.1m 0.32% Unchanged
33 Central Pacific Bank - Trust Division 0.11% of their portfolio HONOLULU, HI 224,000224.0k $819.3k $819.3k 0.11% Reduced -62.0k -62,000
34 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 220,000220.0k $805.8k $805.8k 0.00% Reduced -51.0k -51,000
35 DNCA FINANCE 0.05% of their portfolio PARIS, I0 170,000170.0k $622.2k $622.2k 0.05% Reduced -100.0k -100,000
36 Fox Hill Wealth Management 0.34% of their portfolio DEDHAM, MA 164,000164.0k $597.2k $597.2k 0.34% Unchanged
37 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 163,000163.0k $598.2k $598.2k 0.00% Reduced -4.8m -4,835,000
38 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 150,000150.0k $549.4k $549.4k 0.01% Unchanged
39 Calamos Wealth Management LLC 0.02% of their portfolio NAPERVILLE, IL 94,00094.0k $343.3k $343.3k 0.02% Reduced -18.0k -18,000
40 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 82,00082.0k $299.9k $299.9k 0.00% Reduced -723.0k -723,000
41 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 75,00075.0k $274.3k $274.3k 0.00% Unchanged
42 LOOMIS SAYLES & CO L P 0.02% of their portfolio BOSTON, MA 70,46370.5k $12.8m $12.8m 0.02% Added +2.6k +2,570
43 Amundi 0.00% of their portfolio Paris, I0 70,00070.0k $243.1k $243.1k 0.00% Unchanged
44 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 65,00065.0k $237.7k $237.7k 0.01% Reduced -15.0k -15,000
45 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 61,00061.0k $222.8k $222.8k 0.00% Reduced -34.0k -34,000
46 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 53,00053.0k $195.2k $195.2k 0.00% Added +2.0k +2,000
47 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 51,00051.0k $186.5k $186.5k 0.00% Reduced -5.0k -5,000
48 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 39,00039.0k $143.1k $143.1k 0.00% New
49 Virtus Investment Advisers, LLC 0.07% of their portfolio HARTFORD, CT 25,00025.0k $91.4k $91.4k 0.07% Unchanged
50 Warberg Asset Management LLC 0.03% of their portfolio WINNETKA, IL 25,00025.0k $91.5k $91.5k 0.03% Reduced -2.6m -2,641,000
51 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 16,00016.0k $58.5k $58.5k 0.00% Reduced -16.0k -16,000
52 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 4,0004.0k $15.0k $15.0k 0.00% Unchanged
53 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,0003.0k $11.0k $11.0k 0.00% Reduced -11.3m -11,280,000
54 Cassady Schiller Wealth Management, LLC 0.00% of their portfolio CINCINNATI, OH 3,0003.0k $10.9k $10.9k 0.00% New
55 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,0002.0k $7.3k $7.3k 0.00% Reduced -1.0k -1,000
56 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 2,0002.0k $7.3k $7.3k 0.00% New
57 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,5001.5k $5.5k $5.5k 0.00% Unchanged
58 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $3.7k $3.7k 0.00% Unchanged
59 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 350350 $1.3m $1.3m 0.01% Added +200 +200
60 Alken Asset Management Ltd 2.21% of their portfolio LONDON, X0 320320 $1.2m $1.2m 2.21% Reduced -380 -380
61 LAFFER TENGLER INVESTMENTS, INC. 0.19% of their portfolio Scottsdale, AZ 268268 $980.8k $980.8k 0.19% Added +19 +19
62 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 55 $18 $18 0.00% Reduced -5.0k -4,995
63 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged