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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
OWA
626
Outlook Wealth Advisors
Texas
$661K +$19.6K +296 +3%
CCG
627
Ceeto Capital Group
Florida
$660K +$745K +11,250 New
KA
628
Kovack Advisors
Florida
$659K +$95.3K +1,440 +15%
HFS
629
Hantz Financial Services
Michigan
$658K -$20.5K -310 -3%
HSA
630
HBK Sorce Advisory
Pennsylvania
$658K -$23.6K -356 -3%
CCI
631
Credit Capital Investments
New Jersey
$656K +$740K +11,175 New
TCM
632
Teza Capital Management
Illinois
$648K +$732K +11,051 New
GLA
633
Great Lakes Advisors
Illinois
$647K +$22.6K +342 +3%
HFM
634
Harvest Fund Management
China
$640K -$170K -2,575 -19%
BSSFA
635
Baron Silver Stevens Financial Advisors
Florida
$631K +$4.77K +72 +0.7%
VFA
636
Valeo Financial Advisors
Indiana
$630K +$215K +3,253 +43%
DGAM
637
Desjardins Global Asset Management
Quebec, Canada
$630K -$1.67M -25,272 -70%
GWM
638
Geneos Wealth Management
Colorado
$624K -$38K -574 -5%
PP
639
Patron Partners
Texas
$622K +$4.04K +61 +0.6%
WAAG
640
Wealth Alliance Advisory Group
Kansas
$619K
DC
641
Davenport & Co
Virginia
$617K +$88.7K +1,340 +15%
FCA
642
FLC Capital Advisors
California
$615K +$44.4K +670 +7%
WAM
643
Werlinich Asset Management
Connecticut
$614K +$693K +10,462 New
CIC
644
Chase Investment Counsel
Virginia
$613K -$364K -5,500 -34%
SAI
645
Systematic Alpha Investments
New Jersey
$608K
MYAM
646
Meiji Yasuda Asset Management
Japan
$605K +$120K +1,820 +21%
SIA
647
Schechter Investment Advisors
Michigan
$603K -$57K -861 -8%
RIG
648
Ramiah Investment Group
Wisconsin
$601K -$242K -3,660 -26%
CC
649
Cipher Capital
New York
$600K +$489K +7,384 +260%
SEM
650
Suncoast Equity Management
Florida
$592K +$24.2K +365 +4%

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.