Fortinet
FTNT
381 hedge funds and large institutions have $4.6B invested in Fortinet in 2017 Q2 according to their latest regulatory filings, with 51 funds opening new positions, 175 increasing their positions, 100 reducing their positions, and 53 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 175 | Existing positions reduced: 100
3% less call options, than puts
Call options by funds: $33.2M | Put options by funds: $34.3M
4% less first-time investments, than exits
New positions opened: 51 | Existing positions closed: 53
1% less funds holding
Funds holding: 386 → 381 (-5)
5% less capital invested
Capital invested by funds: $4.86B → $4.6B (-$256M)
12.25% less ownership
Funds ownership: 361.45% → 349.2% (-12%)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
+$65.8M |
| 2 |
BlackRock
New York
|
+$33.7M |
| 3 |
Renaissance Technologies
New York
|
+$28.1M |
| 4 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
+$23M |
| 5 |
Capital Fund Management (CFM)
Paris,
France
|
+$16.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ClearBridge Investments
New York
|
-$178M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$103M |
| 3 |
MWNA
Marshall Wace North America
New York
|
-$43.1M |
| 4 |
HP
Hound Partners
New York
|
-$40.5M |
| 5 |
PCM
Penserra Capital Management
Orinda,
California
|
-$37.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WEC
426
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$1.92K | -250 | Closed |
|
427
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2K | -240 | Closed |
|
428
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$2K | -230 | Closed |
|
|
CFG
429
Citizens Financial Group
Providence,
Rhode Island
| – | -$1K | -190 | Closed |
|
|
MPWT
430
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$1.15K | -150 | Closed |
|
|
SHJ
431
Sharkey, Howes & Javer
Denver,
Colorado
| – | -$1K | -140 | Closed |
|
|
PFO
432
Pathstone Family Office
Englewood,
New Jersey
| – | -$1K | -115 | Closed |
|
|
TCOV
433
Trust Company of Vermont
Brattleboro,
Vermont
| – | +$465 | +60 | New |
|
FTNT Hedge Fund Activity: Q2 2017 in Review
381 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q2 2017, worth a combined $4.6B — down 5.3% from $4.86B a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of FTNT and 51 opened new positions — a net loss of 2 holders — while 100 trimmed existing stakes and 175 added.
The largest buyer was VOYA Investment Management, adding an estimated $65.8M. The largest seller was ClearBridge Investments, cutting an estimated $178M.
- 381 institutional investors held Fortinet (FTNT) as of Q2 2017, down from 386 in Q1 2017.
- Funds reported $4.6B of Fortinet stock for Q2 2017, down 5.3% quarter-over-quarter.
- 51 funds opened new Fortinet positions in Q2 2017 and 53 closed out, a net change of -2 holders.
- The largest Fortinet buyer in Q2 2017 was VOYA Investment Management, an estimated $65.8M added.
- The largest Fortinet seller in Q2 2017 was ClearBridge Investments, an estimated $178M sold.
Based on aggregated 13F filings for Q2 2017.