To reproduce:
RadDock goRadDock = new RadDock();
public RadForm1()
{
    InitializeComponent();
   
    this.Load+=RadForm1_Load;
}
private void RadForm1_Load(object sender, System.EventArgs e)
{
    goRadDock.Dock = DockStyle.Fill;
    this.Controls.Add(goRadDock);

    Telerik.WinControls.UI.RadListView loPanorama = new RadListView();
    HostWindow loHost;
    //' Set Panorama Properties
    // loPanorama.BackColor = System.Drawing.Color.Transparent;
    loPanorama.Dock = System.Windows.Forms.DockStyle.Fill;
    loPanorama.Location = new System.Drawing.Point(0, 0);
    loPanorama.Margin = new System.Windows.Forms.Padding(0);
    loPanorama.Name = "Panorama";
    // loPanorama.ScrollBarThickness = 1;
    // loPanorama.ScrollingBackground = true;
    loPanorama.ShowGroups = true;
    loPanorama.Size = new System.Drawing.Size(787, 315);
    loHost = goRadDock.DockControl(loPanorama, Telerik.WinControls.UI.Docking.DockPosition.Left);
    loHost.Text = "Panorama";
    loHost.DockState = DockState.AutoHide;

    Telerik.WinControls.UI.RadPanorama loPanorama2 = new Telerik.WinControls.UI.RadPanorama();
    HostWindow loHost2;
    //' Set Panorama2 Properties
    // loPanorama2.BackColor = System.Drawing.Color.Transparent;
    loPanorama2.Dock = System.Windows.Forms.DockStyle.Fill;
    loPanorama2.Location = new System.Drawing.Point(0, 0);
    loPanorama2.Margin = new System.Windows.Forms.Padding(0);
    loPanorama2.Name = "Panorama2";
    loPanorama2.ScrollBarThickness = 1;
    loPanorama2.ScrollingBackground = true;
    loPanorama2.ShowGroups = true;
    loPanorama2.Size = new System.Drawing.Size(787, 315);
    loHost2 = goRadDock.DockControl(loPanorama2, Telerik.WinControls.UI.Docking.DockPosition.Left);
    loHost2.Text = "Panorama2";
    loHost2.DockState = DockState.AutoHide;

    Telerik.WinControls.UI.RadPanorama loPanorama3 = new Telerik.WinControls.UI.RadPanorama();
    HostWindow loHost3;
    //' Set Panorama2 Properties
    //  loPanorama3.BackColor = System.Drawing.Color.Transparent;
    loPanorama3.Dock = System.Windows.Forms.DockStyle.Fill;
    loPanorama3.Location = new System.Drawing.Point(0, 0);
    loPanorama3.Margin = new System.Windows.Forms.Padding(0);
    loPanorama3.Name = "Panorama3";
    loPanorama3.ScrollBarThickness = 1;
    loPanorama3.ScrollingBackground = true;
    loPanorama3.ShowGroups = true;
    loPanorama3.Size = new System.Drawing.Size(787, 315);
    loHost3 = goRadDock.DockControl(loPanorama3, Telerik.WinControls.UI.Docking.DockPosition.Left);
    loHost3.Text = "Panorama3";
    loHost3.DockState = DockState.AutoHide;

    Telerik.WinControls.UI.RadPanorama loPanorama4 = new Telerik.WinControls.UI.RadPanorama();
    HostWindow loHost4;
    //' Set Panorama2 Properties
    //  loPanorama4.BackColor = System.Drawing.Color.Transparent;
    loPanorama4.Dock = System.Windows.Forms.DockStyle.Fill;
    loPanorama4.Location = new System.Drawing.Point(0, 0);
    loPanorama4.Margin = new System.Windows.Forms.Padding(0);
    loPanorama4.Name = "Panorama4";
    loPanorama4.ScrollBarThickness = 1;
    loPanorama4.ScrollingBackground = true;
    loPanorama4.ShowGroups = true;
    loPanorama4.Size = new System.Drawing.Size(787, 315);
    loHost4 = goRadDock.DockControl(loPanorama4, Telerik.WinControls.UI.Docking.DockPosition.Left);
    loHost4.Text = "Panorama4";
    loHost4.DockState = DockState.AutoHide;
}

Workaround:
RadDock goRadDock = new RadDock();

public RadForm1()
{
    InitializeComponent();

    goRadDock.BeginInit();
    goRadDock.Dock = DockStyle.Fill;
    this.Controls.Add(goRadDock);

    RadPanorama loPanorama = new RadPanorama();
    HostWindow loHost;

    loPanorama.Dock = System.Windows.Forms.DockStyle.Fill;
    loPanorama.Location = new System.Drawing.Point(0, 0);
    loPanorama.Margin = new System.Windows.Forms.Padding(0);
    loPanorama.Name = "Panorama";
    // loPanorama.ScrollBarThickness = 1;
    // loPanorama.ScrollingBackground = true;
    loPanorama.ShowGroups = true;
    loPanorama.Size = new System.Drawing.Size(787, 315);
    loHost = goRadDock.DockControl(loPanorama, Telerik.WinControls.UI.Docking.DockPosition.Left);
    loHost.Text = "Panorama";
   

    Telerik.WinControls.UI.RadPanorama loPanorama2 = new Telerik.WinControls.UI.RadPanorama();
    HostWindow loHost2;
    //' Set Panorama2 Properties
    // loPanorama2.BackColor = System.Drawing.Color.Transparent;
    loPanorama2.Dock = System.Windows.Forms.DockStyle.Fill;
    loPanorama2.Location = new System.Drawing.Point(0, 0);
    loPanorama2.Margin = new System.Windows.Forms.Padding(0);
    loPanorama2.Name = "Panorama2";
    //loPanorama2.ScrollBarThickness = 1;
  //  loPanorama2.ScrollingBackground = true;
    loPanorama2.ShowGroups = true;
    loPanorama2.Size = new System.Drawing.Size(787, 315);
    loHost2 = goRadDock.DockControl(loPanorama2, Telerik.WinControls.UI.Docking.DockPosition.Left);
    loHost2.Text = "Panorama2";


    Telerik.WinControls.UI.RadPanorama loPanorama3 = new Telerik.WinControls.UI.RadPanorama();
    HostWindow loHost3;
    //' Set Panorama2 Properties
    //  loPanorama3.BackColor = System.Drawing.Color.Transparent;
    loPanorama3.Dock = System.Windows.Forms.DockStyle.Fill;
    loPanorama3.Location = new System.Drawing.Point(0, 0);
    loPanorama3.Margin = new System.Windows.Forms.Padding(0);
    loPanorama3.Name = "Panorama3";
    loPanorama3.ScrollBarThickness = 1;
    loPanorama3.ScrollingBackground = true;
    loPanorama3.ShowGroups = true;
    loPanorama3.Size = new System.Drawing.Size(787, 315);
    loHost3 = goRadDock.DockControl(loPanorama3, Telerik.WinControls.UI.Docking.DockPosition.Left);
    loHost3.Text = "Panorama3";
   

    Telerik.WinControls.UI.RadPanorama loPanorama4 = new Telerik.WinControls.UI.RadPanorama();
    HostWindow loHost4;
    //' Set Panorama2 Properties
    //  loPanorama4.BackColor = System.Drawing.Color.Transparent;
    loPanorama4.Dock = System.Windows.Forms.DockStyle.Fill;
    loPanorama4.Location = new System.Drawing.Point(0, 0);
    loPanorama4.Margin = new System.Windows.Forms.Padding(0);
    loPanorama4.Name = "Panorama4";
    loPanorama4.ScrollBarThickness = 1;
    loPanorama4.ScrollingBackground = true;
    loPanorama4.ShowGroups = true;
    loPanorama4.Size = new System.Drawing.Size(787, 315);
    loHost4 = goRadDock.DockControl(loPanorama4, Telerik.WinControls.UI.Docking.DockPosition.Left);
    loHost4.Text = "Panorama4";
  
    goRadDock.EndInit();
 
    loHost.DockState = DockState.AutoHide;      
    loHost2.DockState = DockState.AutoHide;
    loHost3.DockState = DockState.AutoHide;
    loHost4.DockState = DockState.AutoHide;
}