Fortinet
FTNT
502 hedge funds and large institutions have $11.1B invested in Fortinet in 2018 Q3 according to their latest regulatory filings, with 84 funds opening new positions, 169 increasing their positions, 190 reducing their positions, and 36 closing their positions.
140% more funds holding in top 10
Funds holding in top 10: 5 → 12 (+7)
133% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 36
49% more capital invested
Capital invested by funds: $7.5B → $11.1B (+$3.64B)
10% more funds holding
Funds holding: 457 → 502 (+45)
3.5% less ownership
Funds ownership: 360.77% → 357.27% (-3.5%)
11% less call options, than puts
Call options by funds: $94.6M | Put options by funds: $106M
11% less repeat investments, than reductions
Existing positions increased: 169 | Existing positions reduced: 190
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCAM
Jericho Capital Asset Management
New York
|
+$77.3M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$59M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$49.5M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$43.7M |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
+$35.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$99.2M |
| 2 |
Renaissance Technologies
New York
|
-$70.2M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$61.2M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$44.6M |
| 5 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
-$37.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
526
TD Asset Management
Toronto,
Ontario, Canada
| – | -$208K | -16,635 | Closed |
|
|
FMT
527
First Mercantile Trust
Cordova,
Tennessee
| – | -$126K | -10,085 | Closed |
|
|
JA
528
JOYN Advisors
Atlanta,
Georgia
| – | -$60K | -4,790 | Closed |
|
|
WT
529
Washington Trust
Westerly,
Rhode Island
| – | -$51K | -4,075 | Closed |
|
|
TG
530
TLP Group
Evanston,
Illinois
| – | -$38K | -3,025 | Closed |
|
|
WIM
531
Westside Investment Management
Santa Monica,
California
| – | -$25.4K | -1,990 | Closed |
|
|
IWP
532
Icon Wealth Partners
Houston,
Texas
| – | -$24K | -1,910 | Closed |
|
|
TFO
533
Tarbox Family Office
Newport Beach,
California
| – | -$22K | -1,775 | Closed |
|
|
CF
534
Centaurus Financial
Anaheim,
California
| – | -$16K | -1,250 | Closed |
|
|
TCM
535
Tradewinds Capital Management
Bellingham,
Washington
| – | -$9K | -740 | Closed |
|
|
FQ
536
First Quadrant
Glendale,
California
| – | -$7K | -540 | Closed |
|
|
ASN
537
Advisory Services Network
Atlanta,
Georgia
| – | -$2K | -115 | Closed |
|
FTNT Hedge Fund Activity: Q3 2018 in Review
502 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2018, worth a combined $11.1B — up 49% from $7.5B a quarter earlier.
Buyers outnumbered sellers: 84 funds opened new FTNT positions and 36 closed out — a net gain of 48 holders — while 169 added to existing stakes and 190 trimmed.
The largest buyer was Jericho Capital Asset Management, opening a new position worth an estimated $77.3M. The largest seller was Bank of New York Mellon, cutting an estimated $99.2M.
- 502 institutional investors held Fortinet (FTNT) as of Q3 2018, up from 457 in Q2 2018.
- Funds reported $11.1B of Fortinet stock for Q3 2018, up 49% quarter-over-quarter.
- 84 funds opened new Fortinet positions in Q3 2018 and 36 closed out, a net change of +48 holders.
- The largest Fortinet buyer in Q3 2018 was Jericho Capital Asset Management, an estimated $77.3M added.
- The largest Fortinet seller in Q3 2018 was Bank of New York Mellon, an estimated $99.2M sold.
Based on aggregated 13F filings for Q3 2018.