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Fortinet

1,102 hedge funds and large institutions have $39.4B invested in Fortinet in 2023 Q2 according to their latest regulatory filings, with 182 funds opening new positions, 391 increasing their positions, 378 reducing their positions, and 62 closing their positions.

New
Increased
Maintained
Reduced
Closed

194% more first-time investments, than exits

New positions opened: 182 | Existing positions closed: 62

33% more call options, than puts

Call options by funds: $348M | Put options by funds: $262M

14% more capital invested

Capital invested by funds: $34.7B → $39.4B (+$4.76B)

11% more funds holding

Funds holding: 9901,102 (+112)

6% more funds holding in top 10

Funds holding in top 10: 3133 (+2)

3% more repeat investments, than reductions

Existing positions increased: 391 | Existing positions reduced: 378

0.05% less ownership

Funds ownership: 66.56%66.51% (-0.05%)

Holders
1,102
Holders Change
+112
Holders Change %
+11.31%
% of All Funds
17.3%
Holding in Top 10
33
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+6.45%
% of All Funds
0.52%
New
182
Increased
391
Reduced
378
Closed
62
Calls
$348M
Puts
$262M
Net Calls
+$85.8M
Net Calls Change
+$52.1M
Name Holding Trade Value Shares
Change
Change in
Stake
ONGA
626
O'Neil Global Advisors
California
$847K +$401K +5,900 +111%
SIA
627
Schechter Investment Advisors
Michigan
$841K -$45.4K -667 -6%
OWA
628
Outlook Wealth Advisors
Texas
$830K +$746K +10,974 New
SC
629
Sonen Capital
California
$822K +$20K +294 +3%
CANY
630
Caxton Associates (New York)
New York
$819K +$442K +6,504 +150%
GLA
631
Great Lakes Advisors
Illinois
$808K -$47K -691 -6%
BSSFA
632
Baron Silver Stevens Financial Advisors
Florida
$807K
DG
633
DMC Group
Alabama
$804K +$71.1K +1,046 +11%
MCM
634
Mainstay Capital Management
Michigan
$804K
SFS
635
Sowell Financial Services
Arkansas
$801K +$143K +2,100 +25%
PA
636
Parallel Advisors
California
$801K -$50K -736 -6%
WAAG
637
Wealth Alliance Advisory Group
Kansas
$797K
PP
638
Patron Partners
Texas
$797K +$20.7K +304 +3%
BJL
639
Brighton Jones LLC
Washington
$787K +$40.7K +599 +6%
SAI
640
Systematic Alpha Investments
New Jersey
$783K +$68 +1 +0%
SAM
641
Strategy Asset Managers
California
$773K -$22K -323 -3%
CIP
642
Chartwell Investment Partners
Pennsylvania
$767K -$24.7K -363 -3%
Fisher Asset Management
643
Fisher Asset Management
Washington
$765K +$28K +412 +4%
AUB
644
Atlantic Union Bankshares
Virginia
$765K +$688K +10,116 New
BIA
645
Beacon Investment Advisors
Maryland
$757K
HWM
646
HB Wealth Management
Georgia
$750K -$6.66K -98 -1%
YMRC
647
Yorktown Management & Research Company
Virginia
$748K
CCM
648
Crew Capital Management
Ohio
$742K +$667K +9,811 New
FCA
649
FLC Capital Advisors
California
$741K
KA
650
Kovack Advisors
Florida
$740K

FTNT Hedge Fund Activity: Q2 2023 in Review

1,102 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q2 2023, worth a combined $39.4B — up 14% from $34.7B a quarter earlier.

Buyers outnumbered sellers: 182 funds opened new FTNT positions and 62 closed out — a net gain of 120 holders — while 391 added to existing stakes and 378 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $350M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $514M.

  • 1,102 institutional investors held Fortinet (FTNT) as of Q2 2023, up from 990 in Q1 2023.
  • Funds reported $39.4B of Fortinet stock for Q2 2023, up 14% quarter-over-quarter.
  • 182 funds opened new Fortinet positions in Q2 2023 and 62 closed out, a net change of +120 holders.
  • The largest Fortinet buyer in Q2 2023 was Fidelity Investments, an estimated $350M added.
  • The largest Fortinet seller in Q2 2023 was T. Rowe Price Investment Management, an estimated $514M sold.

Based on aggregated 13F filings for Q2 2023.