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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
BIA
651
Beacon Investment Advisors
Maryland
$588K
MG
652
Marex Group
$581K +$656K +9,907 New
YMRC
653
Yorktown Management & Research Company
Virginia
$581K
PFGIA
654
Patriot Financial Group Insurance Agency
Massachusetts
$579K -$742K -11,207 -53%
CIP
655
Chartwell Investment Partners
Pennsylvania
$572K -$26.5K -400 -4%
BFG
656
Bleakley Financial Group
New Jersey
$572K -$105K -1,586 -14%
SS
657
Simplicity Solutions
Minnesota
$572K -$105K -1,581 -14%
TC
658
TownSquare Capital
Utah
$567K +$302K +4,557 +89%
QCG
659
Quadrant Capital Group
Ohio
$563K -$7.41K -112 -1%
RCM
660
Radnor Capital Management
Pennsylvania
$563K
CA
661
CoreCap Advisors
Michigan
$563K +$151K +2,277 +31%
Fisher Asset Management
662
Fisher Asset Management
Washington
$563K -$35.6K -538 -5%
MG
663
Mather Group
Illinois
$561K +$280K +4,237 +80%
FCH
664
Freestone Capital Holdings
Washington
$561K +$370K +5,586 +141%
VEA
665
Virtus ETF Advisers
New York
$561K +$633K +9,556 New
IWC
666
Integrated Wealth Concepts
Massachusetts
$557K -$19.5K -295 -3%
JF
667
Jump Financial
Illinois
$552K -$2.46M -37,194 -80%
CIG
668
Cascade Investment Group
Colorado
$550K
MNBTD
669
Moody National Bank Trust Division
Texas
$545K -$9.8K -148 -2%
WHG
670
Westwood Holdings Group
Texas
$544K -$8.87K -134 -1%
AWM
671
Avitas Wealth Management
California
$540K +$88.1K +1,331 +17%
AAS
672
Avantax Advisory Services
Texas
$539K -$658K -9,947 -52%
CIBC Private Wealth Group
673
CIBC Private Wealth Group
Georgia
$537K +$606K +9,154 New
MAS
674
Meeder Advisory Services
Ohio
$532K -$159K -2,401 -21%
LAI
675
Legal Advantage Investments
California
$530K +$39.7K +600 +7%

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.