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Fortinet

1,068 hedge funds and large institutions have $29.9B invested in Fortinet in 2023 Q3 according to their latest regulatory filings, with 122 funds opening new positions, 408 increasing their positions, 412 reducing their positions, and 147 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more call options, than puts

Call options by funds: $413M | Put options by funds: $288M

1% less repeat investments, than reductions

Existing positions increased: 408 | Existing positions reduced: 412

1.6% less ownership

Funds ownership: 66.51%64.91% (-1.6%)

3% less funds holding

Funds holding: 1,1021,068 (-34)

17% less first-time investments, than exits

New positions opened: 122 | Existing positions closed: 147

24% less capital invested

Capital invested by funds: $39.4B → $29.9B (-$9.48B)

42% less funds holding in top 10

Funds holding in top 10: 3319 (-14)

Holders
1,068
Holders Change
-34
Holders Change %
-3.09%
% of All Funds
16.95%
Holding in Top 10
19
Holding in Top 10 Change
-14
Holding in Top 10 Change %
-42.42%
% of All Funds
0.3%
New
122
Increased
408
Reduced
412
Closed
147
Calls
$413M
Puts
$288M
Net Calls
+$125M
Net Calls Change
+$39.4M
Name Holding Trade Value Shares
Change
Change in
Stake
JMPWA
376
JP Morgan Private Wealth Advisors
California
$2.85M -$4.99M -75,401 -61%
BRWA
377
B. Riley Wealth Advisors
Florida
$2.83M -$1.41M -21,330 -31%
PFO
378
Pathstone Family Office
New Jersey
$2.83M +$1.68M +25,333 +111%
KAS
379
Kestra Advisory Services
Texas
$2.82M -$8.34K -126 -0.3%
ETC
380
Exchange Traded Concepts
Oklahoma
$2.82M +$2.9M +43,778 +1,030%
PVI
381
Pine Valley Investments
New Jersey
$2.76M +$635K +9,597 +26%
IFG
382
Independent Financial Group
California
$2.76M +$39.1K +590 +1%
SAM
383
Securian Asset Management
Minnesota
$2.74M -$521K -7,878 -14%
OQS
384
Occudo Quantitative Strategies
Florida
$2.74M +$1.1M +16,556 +55%
AA
385
ALPS Advisors
Colorado
$2.72M -$255K -3,857 -8%
SLI
386
Sumitomo Life Insurance
Japan
$2.68M +$184K +2,780 +6%
HIMCH
387
Hartford Investment Management Co (HIMCO)
Connecticut
$2.68M -$85.4K -1,290 -3%
CI
388
Carroll Investors
South Carolina
$2.67M -$107K -1,615 -3%
FA
389
Faithward Advisors
Pennsylvania
$2.67M -$59.4K -898 -2%
M&T Bank
390
M&T Bank
New York
$2.65M -$1.01M -15,230 -25%
ECM
391
ExodusPoint Capital Management
New York
$2.62M +$2.95M +44,603 New
EGM
392
Engineers Gate Manager
New York
$2.61M +$1.31M +19,800 +80%
ACMH
393
Andar Capital Management (HK)
Hong Kong
$2.58M +$2.91M +44,000 New
NA
394
Navellier & Associates
Nevada
$2.52M -$285K -4,301 -9%
TCM
395
Twin Capital Management
Pennsylvania
$2.51M -$497K -7,506 -15%
KC
396
Kingfisher Capital
North Carolina
$2.5M +$9.6K +145 +0.3%
Envestnet Portfolio Solutions
397
Envestnet Portfolio Solutions
Illinois
$2.49M +$2.81M +42,428 New
SBIA
398
Sheaff Brock Investment Advisors
Indiana
$2.47M -$6.82K -103 -0.2%
HW
399
Hancock Whitney
Mississippi
$2.45M -$169K -2,549 -6%
Wealthfront Advisers
400
Wealthfront Advisers
California
$2.44M +$117K +1,774 +4%

FTNT Hedge Fund Activity: Q3 2023 in Review

1,068 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2023, worth a combined $29.9B — down 24% from $39.4B a quarter earlier.

Sellers outnumbered buyers: 147 funds closed out of FTNT and 122 opened new positions — a net loss of 25 holders — while 412 trimmed existing stakes and 408 added.

The largest buyer was Nordea Investment Management, adding an estimated $382M. The largest seller was Fidelity Investments, cutting an estimated $435M.

  • 1,068 institutional investors held Fortinet (FTNT) as of Q3 2023, down from 1,102 in Q2 2023.
  • Funds reported $29.9B of Fortinet stock for Q3 2023, down 24% quarter-over-quarter.
  • 122 funds opened new Fortinet positions in Q3 2023 and 147 closed out, a net change of -25 holders.
  • The largest Fortinet buyer in Q3 2023 was Nordea Investment Management, an estimated $382M added.
  • The largest Fortinet seller in Q3 2023 was Fidelity Investments, an estimated $435M sold.

Based on aggregated 13F filings for Q3 2023.