Panentheism holds that God is in everything that exists. God may be the animating force behind life and the energetic force within all things, or not, but in everything, God is there.
However, God also exists beyond all of these things. God is a separate entity or consciousness that infuses everything. This differs from the pantheist view which does not hold God as a separate entity but One with all things.
Many, but not all Pagan religions hold this view. In the Pagan view, however, the “God” may be a Goddess or a family of Gods and Goddesses.