Fortinet
FTNT
1,062 hedge funds and large institutions have $29.5B invested in Fortinet in 2023 Q4 according to their latest regulatory filings, with 153 funds opening new positions, 344 increasing their positions, 447 reducing their positions, and 147 closing their positions.
33% more call options, than puts
Call options by funds: $494M | Put options by funds: $370M
4% more first-time investments, than exits
New positions opened: 153 | Existing positions closed: 147
0.62% more ownership
Funds ownership: 64.91% → 65.53% (+0.62%)
1% less funds holding
Funds holding: 1,068 → 1,062 (-6)
2% less capital invested
Capital invested by funds: $29.9B → $29.5B (-$488M)
23% less repeat investments, than reductions
Existing positions increased: 344 | Existing positions reduced: 447
32% less funds holding in top 10
Funds holding in top 10: 19 → 13 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$402M |
| 2 |
Two Sigma Advisers
New York
|
+$260M |
| 3 |
BlackRock
New York
|
+$217M |
| 4 |
Two Sigma Investments
New York
|
+$186M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
+$185M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Viking Global Investors
Stamford,
Connecticut
|
-$414M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$283M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$207M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$178M |
| 5 |
Goldman Sachs
New York
|
-$158M |
FTNT Hedge Fund Activity: Q4 2023 in Review
1,062 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q4 2023, worth a combined $29.5B — down 1.6% from $29.9B a quarter earlier.
Buyers outnumbered sellers: 153 funds opened new FTNT positions and 147 closed out — a net gain of 6 holders — while 344 added to existing stakes and 447 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $402M. The largest seller was Viking Global Investors, exiting entirely with an estimated $414M sold.
- 1,062 institutional investors held Fortinet (FTNT) as of Q4 2023, down from 1,068 in Q3 2023.
- Funds reported $29.5B of Fortinet stock for Q4 2023, down 1.6% quarter-over-quarter.
- 153 funds opened new Fortinet positions in Q4 2023 and 147 closed out, a net change of +6 holders.
- The largest Fortinet buyer in Q4 2023 was Morgan Stanley, an estimated $402M added.
- The largest Fortinet seller in Q4 2023 was Viking Global Investors, an estimated $414M sold.
Based on aggregated 13F filings for Q4 2023.