Terry Smith’s Fortinet FTNT Stock Holding History

Terry Smith’s Portfolio FTNT Stock Details FTNT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$558M	Sell	3,629,938 -2,526,737	-41%	-$292M	4.09%	13
2026 Q1	$503M	Sell	6,156,675 -359,336	-6%	-$29M	3.92%	15
2025 Q4	$517M	Sell	6,516,011 -1,904,081	-23%	-$158M	3.02%	14
2025 Q3	$708M	Buy	8,420,092 +1,730	+0%	+$154K	3.58%	12
2025 Q2	$890M	Sell	8,418,362 -104,678	-1%	-$10.6M	3.87%	11
2025 Q1	$820M	Sell	8,523,040 -7,383	-0.1%	-$749K	3.73%	11
2024 Q4	$806M	Sell	8,530,423 -1,587,870	-16%	-$141M	3.44%	12
2024 Q3	$785M	Sell	10,118,293 -167,371	-2%	-$11.4M	3.1%	14
2024 Q2	$620M	Buy	10,285,664 +2,110,679	+26%	+$131M	2.53%	16
2024 Q1	$558M	Buy	8,174,985 +843,141	+11%	+$56.1M	2.19%	19
2023 Q4	$429M	Buy	7,331,844 +2,407,603	+49%	+$133M	1.8%	19
2023 Q3	$289M	Buy	4,924,241 +2,610,938	+113%	+$173M	1.31%	19
2023 Q2	$175M	Hold	2,313,303	–	–	0.73%	20
2023 Q1	$154M	Hold	2,313,303	–	–	0.66%	21
2022 Q4	$113M	Sell	2,313,303 -2,554	-0.1%	-$133K	0.52%	22
2022 Q3	$114M	Buy	2,315,857 +26,787	+1%	+$1.45M	0.54%	24
2022 Q2	$130M	Sell	2,289,070 -20,895	-0.9%	-$1.24M	0.57%	21
2022 Q1	$158M	Sell	2,309,965 -868,910	-27%	-$54M	0.54%	23
2021 Q4	$228M	Buy	3,178,875 +6,800	+0.2%	+$448K	0.56%	21
2021 Q3	$185M	Sell	3,172,075 -588,075	-16%	-$34M	0.51%	21
2021 Q2	$179M	Buy	3,760,150 +20,610	+0.6%	+$880K	0.5%	21
2021 Q1	$138M	Buy	3,739,540 +15,685	+0.4%	+$513K	0.44%	21
2020 Q4	$111M	Buy	3,723,855 +2,661,630	+251%	+$67.3M	0.37%	28
2020 Q3	$25M	Buy	+1,062,225	New	+$27.4M	0.1%	34

Other funds holding FTNT

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

First Trust Advisors Wheaton, Illinois $170B AUM 46.21% 1-Year Est. Return

Arrowstreet Capital Boston, Massachusetts $225B AUM 49.49% 1-Year Est. Return

Bank of New York Mellon New York $609B AUM 40.19% 1-Year Est. Return

Terry Smith's FTNT Position: Q2 2026 in Review

Terry Smith reduced its Fortinet (FTNT) stake by 41% in Q2 2026, selling an estimated $292M and leaving 3,629,938 shares worth $558M. The position accounts for 4.09% of the portfolio, ranked #13.

Terry Smith first reported a position in FTNT in Q3 2020 and has held it in 24 quarters since. The position peaked at $890M in Q2 2025. 1,567 funds tracked by Wall St. Rank hold FTNT as of Q2 2026.

Terry Smith held 3,629,938 shares of Fortinet worth $558M as of Q2 2026.
Terry Smith sold 2,526,737 Fortinet shares in Q2 2026, an estimated $292M.
Fortinet made up 4.09% of Terry Smith's portfolio in Q2 2026, its #13 holding.
Terry Smith first reported a position in Fortinet in Q3 2020 and has held it in 24 quarters since.
Terry Smith's Fortinet position peaked at $890M in Q2 2025.
1,567 funds tracked by Wall St. Rank held Fortinet as of Q2 2026.

Based on Fundsmith LLP's 13F filing for Q2 2026, filed 14 Aug 2026.