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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
PIWA
476
Prevail Innovative Wealth Advisors
Kansas
$1.6M +$1.81M +27,280 New
MLICM
477
Metropolitan Life Insurance Company (MetLife)
New York
$1.58M -$94.7K -1,431 -5%
SSA
478
Schonfeld Strategic Advisors
New York
$1.55M +$907K +13,697 +107%
DDC
479
DF Dent & Co
Maryland
$1.52M -$397 -6 -0%
Carson Wealth (CWM LLC)
480
Carson Wealth (CWM LLC)
Nebraska
$1.51M -$296K -4,471 -15%
DADC
481
D.A. Davidson & Co
Montana
$1.51M -$294K -4,444 -15%
NFG
482
Norris Financial Group
South Carolina
$1.49M +$44.9K +678 +3%
BF
483
BOK Financial
Oklahoma
$1.48M -$2.31M -34,959 -57%
WS
484
Wedbush Securities
California
$1.47M -$276K -4,168 -14%
JSL
485
JT Stratford LLC
Georgia
$1.45M -$174K -2,629 -10%
PF
486
Phoenix Financial
Israel
$1.45M +$278K +4,201 +21%
MFG
487
Merit Financial Group
Georgia
$1.44M -$240K -3,621 -13%
AW
488
Alaethes Wealth
Nevada
$1.42M +$1.6M +24,192 New
AAM
489
Advisors Asset Management
Colorado
$1.42M +$71.4K +1,078 +5%
TF
490
Trek Financial
Arizona
$1.42M +$214K +3,235 +15%
Federated Hermes
491
Federated Hermes
Pennsylvania
$1.41M -$57.8M -873,242 -97%
P
492
Pitcairn
Pennsylvania
$1.4M +$184K +2,786 +13%
KRSITF
493
Kentucky Retirement Systems Insurance Trust Fund
Kentucky
$1.36M -$12.4K -187 -0.8%
BIA
494
Benchmark Investment Advisors
Illinois
$1.34M +$408K +6,165 +37%
MFAM
495
Motley Fool Asset Management
Virginia
$1.33M +$138K +2,088 +10%
HCA
496
Harbor Capital Advisors
Illinois
$1.32M -$137K -2,074 -8%
MWAM
497
Manhattan West Asset Management
California
$1.31M +$218K +3,297 +16%
EF
498
Empirical Finance
Pennsylvania
$1.3M +$129K +1,950 +10%
NL
499
NVWM LLC
Pennsylvania
$1.28M +$702K +10,605 +94%
LA
500
Legacy Advisors
Pennsylvania
$1.28M +$78.8K +1,191 +6%

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.