Fortinet
FTNT
254 hedge funds and large institutions have $2.99B invested in Fortinet in 2014 Q2 according to their latest regulatory filings, with 41 funds opening new positions, 95 increasing their positions, 87 reducing their positions, and 28 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
46% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 28
15% more capital invested
Capital invested by funds: $2.61B → $2.99B (+$385M)
13% more call options, than puts
Call options by funds: $58.3M | Put options by funds: $51.5M
5% more funds holding
Funds holding: 241 → 254 (+13)
9% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 87
Top Buyers
| 1 |
CAM
Contour Asset Management
New York
|
+$58.9M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$54.3M |
| 3 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
+$51.6M |
| 4 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$40.9M |
| 5 |
D.E. Shaw & Co
New York
|
+$28.6M |
Top Sellers
| 1 |
MC
Maverick Capital
Dallas,
Texas
|
-$98M |
| 2 |
EC
Eminence Capital
New York
|
-$72.5M |
| 3 |
HCM
Hoplite Capital Management
New York
|
-$52.9M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$23.5M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$23.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JT
276
Jump Trading
Chicago,
Illinois
| – | -$212K | -48,165 | Closed |
|
|
CICI
277
Capital Investment Counsel Inc
Raleigh,
North Carolina
| – | -$202K | -45,875 | Closed |
|
278
Group One Trading
Chicago,
Illinois
| – | -$129K | -28,705 | Closed |
|
|
BJ
279
BlackRock Japan
Tokyo,
Japan
| – | -$35K | -7,945 | Closed |
|
|
BCMIO
280
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
| – | -$7K | -1,500 | Closed |
|
|
KTC
281
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| – | +$224 | +50 | New |
|
FTNT Hedge Fund Activity: Q2 2014 in Review
254 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q2 2014, worth a combined $2.99B — up 15% from $2.61B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new FTNT positions and 28 closed out — a net gain of 13 holders — while 95 added to existing stakes and 87 trimmed.
The largest buyer was Contour Asset Management, opening a new position worth an estimated $58.9M. The largest seller was Maverick Capital, cutting an estimated $98M.
- 254 institutional investors held Fortinet (FTNT) as of Q2 2014, up from 241 in Q1 2014.
- Funds reported $2.99B of Fortinet stock for Q2 2014, up 15% quarter-over-quarter.
- 41 funds opened new Fortinet positions in Q2 2014 and 28 closed out, a net change of +13 holders.
- The largest Fortinet buyer in Q2 2014 was Contour Asset Management, an estimated $58.9M added.
- The largest Fortinet seller in Q2 2014 was Maverick Capital, an estimated $98M sold.
Based on aggregated 13F filings for Q2 2014.