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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
EP
551
Edgestream Partners
New Jersey
$1.02M +$1.16M +17,462 New
XSC
552
X-Square Capital
Puerto Rico
$1.01M
MC
553
Machina Capital
France
$996K +$1.12M +16,967 New
EFSCE
554
Enterprise Financial Services Corp (EFSC)
Missouri
$993K -$993 -15 -0.1%
USAA
555
United Services Automobile Association
Texas
$982K +$40K +605 +4%
PWM
556
Perigon Wealth Management
California
$974K +$62.9K +950 +6%
CAL
557
Capital Analysts LLC
Pennsylvania
$971K +$11.2K +169 +1%
APWM
558
Argonautica Private Wealth Management
Massachusetts
$968K
TMAM
559
Tokio Marine Asset Management
Japan
$967K +$111K +1,680 +11%
JWM
560
Jackson Wealth Management
Florida
$966K -$24K -362 -2%
TCWM
561
Total Clarity Wealth Management
Illinois
$965K -$111K -1,671 -9%
AIM
562
Anchor Investment Management
South Carolina
$965K -$3.31K -50 -0.3%
CL
563
Choreo LLC
Illinois
$964K +$53.2K +803 +5%
MSFS
564
Main Street Financial Solutions
Pennsylvania
$959K -$26.4K -399 -2%
DACS
565
Dymon Asia Capital (Singapore)
Singapore
$912K +$1.03M +15,542 New
GFPC
566
Global Financial Private Client
Florida
$911K +$226K +3,408 +28%
CCG
567
Cypress Capital Group
Florida
$890K
CG
568
Colony Group
Massachusetts
$888K -$1.19K -18 -0.1%
OTPPB
569
Ontario Teachers' Pension Plan Board
Ontario, Canada
$888K +$99.5K +1,503 +11%
ILI
570
Invesco LLC (Illinois)
Illinois
$884K
JWM
571
JGP Wealth Management
Oregon
$882K -$4.17K -63 -0.4%
KPWS
572
Kestra Private Wealth Services
Texas
$879K +$452K +6,833 +84%
OCM
573
Orion Capital Management
California
$878K -$148K -2,243 -13%
PFPT
574
Pinnacle Financial Partners (Tennessee)
Tennessee
$872K +$79.5K +1,201 +9%
BBL
575
Beck Bode LLC
Massachusetts
$867K -$222K -3,360 -19%

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.