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Fortinet
FTNT

235 hedge funds and large institutions have $2.36B invested in Fortinet in 2013 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 89 increasing their positions, 72 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more call options, than puts

Call options by funds: $50.6M | Put options by funds: $27.9M

60% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 30

24% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 72

15% more capital invested

Capital invested by funds: $2.04B → $2.36B (+$314M)

6% more funds holding

Funds holding: 221 → 235 (+14)

Holders
235
Holders Change
+14
Holders Change %
+6.33%
% of All Funds
7.62%
Holding in Top 10
3
Holding in Top 10 Change
+3
Holding in Top 10 Change %
% of All Funds
0.1%
New
48
Increased
89
Reduced
72
Closed
30
Calls
$50.6M
Puts
$27.9M
Net Calls
+$22.8M
Net Calls Change
-$11.4M

Top Buyers

Rank Fund Capital Flow
1
SIM
SRS Investment Management
New York
+$54.4M
2
Ameriprise
Ameriprise
Minnesota
+$48.8M
3
ClearBridge Investments
ClearBridge Investments
New York
+$22.8M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$17.2M
5
Citadel Advisors
Citadel Advisors
Florida
+$16.3M

Top Sellers

Rank Fund Capital Flow
1
MC
Maverick Capital
Texas
-$79.5M
2
Wells Fargo
Wells Fargo
California
-$74.5M
3
Westfield Capital Management
Westfield Capital Management
Massachusetts
-$55.6M
4
EC
Eminence Capital
New York
-$29.3M
5
SCM
Sigma Capital Management
Connecticut
-$21.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Principal Financial Group
251
Principal Financial Group
Iowa
– -$557K -159,020 Closed
NI
252
Numeric Investors
Massachusetts
– -$426K -121,575 Closed
TH
253
Timber Hill
Connecticut
– -$430K -106,175 Closed
ACM
254
Artis Capital Management
California
– -$318K -90,950 Closed
JHIU
255
Janus Henderson Investors US
Colorado
– -$315K -90,000 Closed
SSA
256
South Street Advisors
New York
– -$303K -86,750 Closed
LPL Financial
257
LPL Financial
California
– -$232K -66,410 Closed
Fidelity Investments
258
Fidelity Investments
Massachusetts
– -$177K -50,500 Closed
QT
259
Quantbot Technologies
New York
– -$148K -42,385 Closed
Walleye Trading
260
Walleye Trading
New York
– -$86.6K -21,385 Closed
Fuller & Thaler Asset Management
261
Fuller & Thaler Asset Management
California
– -$47K -13,500 Closed
OMCS
262
Old Mutual Customised Solutions
South Africa
– -$30K -8,500 Closed
SST
263
S Squared Technology
New York
– -$28K -8,000 Closed
Parallax Volatility Advisers
264
Parallax Volatility Advisers
California
– -$6.48K -1,600 Closed
FHA
265
First Horizon Advisors
Tennessee
– -$2K -450 Closed
7 8 9 10
11

FTNT Hedge Fund Activity: Q3 2013 in Review

235 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2013, worth a combined $2.36B — up 15% from $2.04B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new FTNT positions and 30 closed out — a net gain of 18 holders — while 89 added to existing stakes and 72 trimmed.

The largest buyer was SRS Investment Management, adding an estimated $54.4M. The largest seller was Maverick Capital, cutting an estimated $79.5M.

  • 235 institutional investors held Fortinet (FTNT) as of Q3 2013, up from 221 in Q2 2013.
  • Funds reported $2.36B of Fortinet stock for Q3 2013, up 15% quarter-over-quarter.
  • 48 funds opened new Fortinet positions in Q3 2013 and 30 closed out, a net change of +18 holders.
  • The largest Fortinet buyer in Q3 2013 was SRS Investment Management, an estimated $54.4M added.
  • The largest Fortinet seller in Q3 2013 was Maverick Capital, an estimated $79.5M sold.

Based on aggregated 13F filings for Q3 2013.