PALO ALTO NETWORKS INC

Ticker: PANW CUSIP: 697435105 Class: COM

Swiss National Bank's Holding History (CIK: 0001582202)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,854,900 Value ($000) $341,673 Avg Close $201.75 Range $180.05 - $223.61

Q3 2025

Shares 1,922,100 Value ($000) $391,378 Avg Close $191.42 Range $165.21 - $210.39

Q2 2025

Shares 2,004,200 Value ($000) $410,139 Avg Close $185.70 Range $144.15 - $206.74

Q1 2025

Shares 1,850,700 Value ($000) $315,803 Avg Close $184.92 Range $165.88 - $208.39

Q4 2024

Shares 1,839,400 Value ($000) $334,697 Avg Close $188.91 Range $164.13 - $207.24

Q3 2024

Shares 961,000 Value ($000) $328,470 Avg Close $168.32 Range $142.01 - $187.69

Q2 2024

Shares 956,600 Value ($000) $324,297 Avg Close $149.57 Range $132.50 - $172.95

Q1 2024

Shares 944,200 Value ($000) $268,276 Avg Close $157.74 Range $130.04 - $190.42

Q4 2023

Shares 965,000 Value ($000) $284,559 Avg Close $133.70 Range $115.05 - $159.00

Q3 2023

Shares 983,900 Value ($000) $230,666 Avg Close $118.33 Range $100.58 - $129.44

Q2 2023

Shares 1,093,000 Value ($000) $279,272 Avg Close $104.05 Range $88.15 - $128.41

Q1 2023

Shares 1,200,000 Value ($000) $239,688 Avg Close $84.74 Range $66.11 - $100.15

Q4 2022

Shares 1,214,800 Value ($000) $169,513 Avg Close $80.29 Range $68.37 - $89.50

Q3 2022

Shares 1,295,358 Value ($000) $212,167 Avg Close $86.60 Range $77.20 - $96.47

Q2 2022

Shares 427,386 Value ($000) $211,103 Avg Close $88.67 Range $70.26 - $106.82

Q1 2022

Shares 427,286 Value ($000) $265,990 Avg Close $89.50 Range $75.96 - $105.98

Q4 2021

Shares 370,086 Value ($000) $206,068 Avg Close $86.50 Range $77.19 - $95.44

Q3 2021

Shares 385,086 Value ($000) $184,456 Avg Close $70.26 Range $59.73 - $82.65

Q2 2021

Shares 396,486 Value ($000) $147,116 Avg Close $59.25 Range $53.70 - $64.45

Q1 2021

Shares 412,886 Value ($000) $132,974 Avg Close $59.44 Range $51.93 - $67.17

Q4 2020

Shares 410,786 Value ($000) $145,989 Avg Close $46.72 Range $36.56 - $62.50

Q3 2020

Shares 420,586 Value ($000) $102,938 Avg Close $41.60 Range $37.86 - $45.84

Q2 2020

Shares 439,486 Value ($000) $100,937 Avg Close $35.23 Range $26.33 - $40.52

Q1 2020

Shares 427,786 Value ($000) $70,140 Avg Close $34.91 Range $20.91 - $41.85

Q4 2019

Shares 344,586 Value ($000) $79,686 Avg Close $37.82 Range $33.75 - $41.83

Q3 2019

Shares 358,186 Value ($000) $73,009 Avg Close $35.39 Range $32.03 - $38.32

Q2 2019

Shares 349,600 Value ($000) $71,234 Avg Close $37.41 Range $32.45 - $41.82

Q1 2019

Shares 361,400 Value ($000) $87,777 Avg Close $37.09 Range $29.80 - $43.44

Q4 2018

Shares 345,400 Value ($000) $65,056 Avg Close $31.18 Range $26.68 - $38.18

Q3 2018

Shares 337,800 Value ($000) $76,093 Avg Close $36.40 Range $32.27 - $39.92

Q2 2018

Shares 331,000 Value ($000) $68,011 Avg Close $33.34 Range $29.60 - $36.23

Q1 2018

Shares 294,800 Value ($000) $53,512 Avg Close $27.78 Range $24.18 - $31.92

Q4 2017

Shares 338,700 Value ($000) $49,091 Avg Close $24.33 Range $22.64 - $26.14

Q3 2017

Shares 338,100 Value ($000) $48,720 Avg Close $22.77 Range $21.09 - $24.79

Q2 2017

Shares 334,000 Value ($000) $44,693 Avg Close $20.20 Range $17.89 - $23.55

Q1 2017

Shares 324,900 Value ($000) $36,610 Avg Close $22.36 Range $18.34 - $26.27

Q4 2016

Shares 247,100 Value ($000) $30,900 Avg Close $23.96 Range $20.59 - $27.61

Q3 2016

Shares 247,100 Value ($000) $39,370 Avg Close $22.79 Range $19.50 - $26.67

Q2 2016

Shares 247,700 Value ($000) $30,378 Avg Close $23.16 Range $19.11 - $27.29

Q1 2016

Shares 212,100 Value ($000) $33,163 Avg Close $24.59 Range $18.52 - $28.96

Q4 2015

Shares 129,200 Value ($000) $22,757 Avg Close $28.85 Range $25.04 - $32.45

Q3 2015

Shares 126,900 Value ($000) $21,827 Avg Close $29.50 Range $23.40 - $33.42

Q2 2015

Shares 110,500 Value ($000) $19,304 Avg Close $26.69 Range $23.26 - $30.83

Q1 2015

Shares 104,300 Value ($000) $15,236 Avg Close $22.39 Range $19.60 - $25.07

Q4 2014

Shares 63,300 Value ($000) $7,759 Avg Close $18.43 Range $14.64 - $21.37

Q3 2014

Shares 58,100 Value ($000) $5,700 Avg Close $14.35 Range $12.19 - $17.07

Q2 2014

Shares 55,800 Value ($000) $4,679 Avg Close $11.67 Range $9.58 - $14.30

Q1 2014

Shares 55,100 Value ($000) $3,780 Avg Close $11.35 Range $9.12 - $13.47

Q4 2013

Shares 19,800 Value ($000) $1,138 Avg Close $7.92 Range $6.73 - $9.65

Q3 2013

Shares 19,300 Value ($000) $884 Avg Close $7.89 Range $6.82 - $8.48

Q2 2013

Shares 20,300 Value ($000) $856 Avg Close $8.33 Range $6.51 - $9.43

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,854,900	$341,673	$201.75	$180.05 - $223.61
Q3 2025	1,922,100	$391,378	$191.42	$165.21 - $210.39
Q2 2025	2,004,200	$410,139	$185.70	$144.15 - $206.74
Q1 2025	1,850,700	$315,803	$184.92	$165.88 - $208.39
Q4 2024	1,839,400	$334,697	$188.91	$164.13 - $207.24
Q3 2024	961,000	$328,470	$168.32	$142.01 - $187.69
Q2 2024	956,600	$324,297	$149.57	$132.50 - $172.95
Q1 2024	944,200	$268,276	$157.74	$130.04 - $190.42
Q4 2023	965,000	$284,559	$133.70	$115.05 - $159.00
Q3 2023	983,900	$230,666	$118.33	$100.58 - $129.44
Q2 2023	1,093,000	$279,272	$104.05	$88.15 - $128.41
Q1 2023	1,200,000	$239,688	$84.74	$66.11 - $100.15
Q4 2022	1,214,800	$169,513	$80.29	$68.37 - $89.50
Q3 2022	1,295,358	$212,167	$86.60	$77.20 - $96.47
Q2 2022	427,386	$211,103	$88.67	$70.26 - $106.82
Q1 2022	427,286	$265,990	$89.50	$75.96 - $105.98
Q4 2021	370,086	$206,068	$86.50	$77.19 - $95.44
Q3 2021	385,086	$184,456	$70.26	$59.73 - $82.65
Q2 2021	396,486	$147,116	$59.25	$53.70 - $64.45
Q1 2021	412,886	$132,974	$59.44	$51.93 - $67.17
Q4 2020	410,786	$145,989	$46.72	$36.56 - $62.50
Q3 2020	420,586	$102,938	$41.60	$37.86 - $45.84
Q2 2020	439,486	$100,937	$35.23	$26.33 - $40.52
Q1 2020	427,786	$70,140	$34.91	$20.91 - $41.85
Q4 2019	344,586	$79,686	$37.82	$33.75 - $41.83
Q3 2019	358,186	$73,009	$35.39	$32.03 - $38.32
Q2 2019	349,600	$71,234	$37.41	$32.45 - $41.82
Q1 2019	361,400	$87,777	$37.09	$29.80 - $43.44
Q4 2018	345,400	$65,056	$31.18	$26.68 - $38.18
Q3 2018	337,800	$76,093	$36.40	$32.27 - $39.92
Q2 2018	331,000	$68,011	$33.34	$29.60 - $36.23
Q1 2018	294,800	$53,512	$27.78	$24.18 - $31.92
Q4 2017	338,700	$49,091	$24.33	$22.64 - $26.14
Q3 2017	338,100	$48,720	$22.77	$21.09 - $24.79
Q2 2017	334,000	$44,693	$20.20	$17.89 - $23.55
Q1 2017	324,900	$36,610	$22.36	$18.34 - $26.27
Q4 2016	247,100	$30,900	$23.96	$20.59 - $27.61
Q3 2016	247,100	$39,370	$22.79	$19.50 - $26.67
Q2 2016	247,700	$30,378	$23.16	$19.11 - $27.29
Q1 2016	212,100	$33,163	$24.59	$18.52 - $28.96
Q4 2015	129,200	$22,757	$28.85	$25.04 - $32.45
Q3 2015	126,900	$21,827	$29.50	$23.40 - $33.42
Q2 2015	110,500	$19,304	$26.69	$23.26 - $30.83
Q1 2015	104,300	$15,236	$22.39	$19.60 - $25.07
Q4 2014	63,300	$7,759	$18.43	$14.64 - $21.37
Q3 2014	58,100	$5,700	$14.35	$12.19 - $17.07
Q2 2014	55,800	$4,679	$11.67	$9.58 - $14.30
Q1 2014	55,100	$3,780	$11.35	$9.12 - $13.47
Q4 2013	19,800	$1,138	$7.92	$6.73 - $9.65
Q3 2013	19,300	$884	$7.89	$6.82 - $8.48
Q2 2013	20,300	$856	$8.33	$6.51 - $9.43