Fortinet
FTNT
228 hedge funds and large institutions have $2.21B invested in Fortinet in 2013 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 97 increasing their positions, 60 reducing their positions, and 61 closing their positions.
190% more call options, than puts
Call options by funds: $88M | Put options by funds: $30.4M
62% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 60
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
7% less first-time investments, than exits
New positions opened: 57 | Existing positions closed: 61
3% less funds holding
Funds holding: 235 → 228 (-7)
6% less capital invested
Capital invested by funds: $2.36B → $2.21B (-$150M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Maverick Capital
Dallas,
Texas
|
+$55.8M |
| 2 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
+$42.3M |
| 3 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
+$33.4M |
| 4 |
EC
Eminence Capital
New York
|
+$28.7M |
| 5 |
ClearBridge Investments
New York
|
+$26.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$91.4M |
| 2 |
SIM
SRS Investment Management
New York
|
-$57.6M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$46.1M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$23.8M |
| 5 |
GA
Glenhill Advisors
New York
|
-$21.2M |
FTNT Hedge Fund Activity: Q4 2013 in Review
228 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q4 2013, worth a combined $2.21B — down 6.4% from $2.36B a quarter earlier.
Sellers outnumbered buyers: 61 funds closed out of FTNT and 57 opened new positions — a net loss of 4 holders — while 60 trimmed existing stakes and 97 added.
The largest buyer was Maverick Capital, adding an estimated $55.8M. The largest seller was Wells Fargo, cutting an estimated $91.4M.
- 228 institutional investors held Fortinet (FTNT) as of Q4 2013, down from 235 in Q3 2013.
- Funds reported $2.21B of Fortinet stock for Q4 2013, down 6.4% quarter-over-quarter.
- 57 funds opened new Fortinet positions in Q4 2013 and 61 closed out, a net change of -4 holders.
- The largest Fortinet buyer in Q4 2013 was Maverick Capital, an estimated $55.8M added.
- The largest Fortinet seller in Q4 2013 was Wells Fargo, an estimated $91.4M sold.
Based on aggregated 13F filings for Q4 2013.