Fortinet
FTNT
375 hedge funds and large institutions have $4.59B invested in Fortinet in 2016 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 124 increasing their positions, 140 reducing their positions, and 38 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
26% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 38
18% more capital invested
Capital invested by funds: $3.9B → $4.59B (+$696M)
17% more call options, than puts
Call options by funds: $29.5M | Put options by funds: $25.2M
2% more funds holding
Funds holding: 367 → 375 (+8)
11% less repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 140
Top Buyers
| 1 |
Citadel Advisors
Miami,
Florida
|
+$116M |
| 2 |
EC
Eminence Capital
New York
|
+$73.9M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$30.5M |
| 4 |
Millennium Management
New York
|
+$28.1M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$26M |
Top Sellers
| 1 |
EM
Elliott Management
New York
|
-$80.2M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$60M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$44.6M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$30.4M |
| 5 |
Morgan Stanley
New York
|
-$21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
401
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$34K | -5,445 | Closed |
|
|
CCA
402
Checchi Capital Advisers
Beverly Hills,
California
| – | -$16K | -2,555 | Closed |
|
|
AIM
403
Advantage Investment Management
Cedar Rapids,
Iowa
| – | -$10K | -1,645 | Closed |
|
404
Victory Capital Management
San Antonio,
Texas
| – | -$10K | -1,565 | Closed |
|
405
Acadian Asset Management
Boston,
Massachusetts
| – | -$6K | -880 | Closed |
|
|
VCM
406
Vigilant Capital Management
Portland,
Maine
| – | -$6K | -875 | Closed |
|
|
MCM
407
McKinley Capital Management
Anchorage,
Alaska
| – | -$5K | -850 | Closed |
|
|
MWP
408
MYCIO Wealth Partners
Philadelphia,
Pennsylvania
| – | -$3K | -485 | Closed |
|
|
PMFA
409
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$1K | -135 | Closed |
|
|
BCI
410
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | +$70 | +10 | New |
|
FTNT Hedge Fund Activity: Q3 2016 in Review
375 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2016, worth a combined $4.59B — up 18% from $3.9B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new FTNT positions and 38 closed out — a net gain of 10 holders — while 124 added to existing stakes and 140 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $116M. The largest seller was Elliott Management, cutting an estimated $80.2M.
- 375 institutional investors held Fortinet (FTNT) as of Q3 2016, up from 367 in Q2 2016.
- Funds reported $4.59B of Fortinet stock for Q3 2016, up 18% quarter-over-quarter.
- 48 funds opened new Fortinet positions in Q3 2016 and 38 closed out, a net change of +10 holders.
- The largest Fortinet buyer in Q3 2016 was Citadel Advisors, an estimated $116M added.
- The largest Fortinet seller in Q3 2016 was Elliott Management, an estimated $80.2M sold.
Based on aggregated 13F filings for Q3 2016.