Fortinet
FTNT
620 hedge funds and large institutions have $13.1B invested in Fortinet in 2019 Q4 according to their latest regulatory filings, with 128 funds opening new positions, 158 increasing their positions, 255 reducing their positions, and 48 closing their positions.
167% more first-time investments, than exits
New positions opened: 128 | Existing positions closed: 48
67% more funds holding in top 10
Funds holding in top 10: 6 → 10 (+4)
42% more capital invested
Capital invested by funds: $9.22B → $13.1B (+$3.92B)
12% more funds holding
Funds holding: 552 → 620 (+68)
3.99% more ownership
Funds ownership: 355.65% → 359.64% (+4%)
13% less call options, than puts
Call options by funds: $85.8M | Put options by funds: $98.9M
38% less repeat investments, than reductions
Existing positions increased: 158 | Existing positions reduced: 255
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
+$185M |
| 2 |
Renaissance Technologies
New York
|
+$142M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$111M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$53.2M |
| 5 |
Man Group
London,
United Kingdom
|
+$52.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$135M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
-$90.7M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$48.9M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$43.6M |
| 5 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
-$40.6M |
FTNT Hedge Fund Activity: Q4 2019 in Review
620 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q4 2019, worth a combined $13.1B — up 42% from $9.22B a quarter earlier.
Buyers outnumbered sellers: 128 funds opened new FTNT positions and 48 closed out — a net gain of 80 holders — while 158 added to existing stakes and 255 trimmed.
The largest buyer was Whale Rock Capital Management, opening a new position worth an estimated $185M. The largest seller was AQR Capital Management, cutting an estimated $135M.
- 620 institutional investors held Fortinet (FTNT) as of Q4 2019, up from 552 in Q3 2019.
- Funds reported $13.1B of Fortinet stock for Q4 2019, up 42% quarter-over-quarter.
- 128 funds opened new Fortinet positions in Q4 2019 and 48 closed out, a net change of +80 holders.
- The largest Fortinet buyer in Q4 2019 was Whale Rock Capital Management, an estimated $185M added.
- The largest Fortinet seller in Q4 2019 was AQR Capital Management, an estimated $135M sold.
Based on aggregated 13F filings for Q4 2019.