Vault-13

PALO ALTO NETWORKS INC PANW 0.375 06.01.25

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

0 institutional holders -60 vs Q1 2025
—reported value*
0 new 0 added 0 reduced 60 sold out net sold ≈ $1.1bn (-2.6m 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.

Trends to Q2 2025

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: 63Q1 25: 60Q2 25: 00Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202276
Q4 202282
Q1 202387
Q2 202385
Q3 202385
Q4 202385
Q1 202477
Q2 202472
Q3 202465
Q4 202463
Q1 202560
Q2 20250

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 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 24Q1 25: 21 bought or addedQ1 25: 35 cut or sold outQ2 25: 0 bought or addedQ2 25: 60 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233038
Q4 20233240
Q1 20242556
Q2 20241347
Q3 20241542
Q4 20241240
Q1 20252135
Q2 2025060

Biggest buyers

None

Biggest sellers

Calamos Advisors LLC Sold out -109,972,000-110.0m
BANK OF NOVA SCOTIA Sold out -56,176,957-56.2m
Shaolin Capital Management LLC Sold out -44,559,999-44.6m
VOYA INVESTMENT MANAGEMENT LLC Sold out -12,020,000-12.0m
ONTARIO TEACHERS PENSION PLAN BOARD Sold out -10,360,000-10.4m
Parallax Volatility Advisers, L.P. Sold out -10,000,000-10.0m
STATE STREET CORP Sold out -9,648,000-9.6m
MacKay Shields LLC Sold out -7,890,000-7.9m
FMR LLC Sold out -5,688,000-5.7m
LORD, ABBETT & CO. LLC Sold out -5,533,000-5.5m

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change