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Fortinet

1,109 hedge funds and large institutions have $33.9B invested in Fortinet in 2024 Q1 according to their latest regulatory filings, with 165 funds opening new positions, 396 increasing their positions, 404 reducing their positions, and 104 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more first-time investments, than exits

New positions opened: 165 | Existing positions closed: 104

15% more capital invested

Capital invested by funds: $29.5B → $33.9B (+$4.4B)

4% more funds holding

Funds holding: 1,0621,109 (+47)

0.5% less ownership

Funds ownership: 65.53%65.03% (-0.5%)

2% less repeat investments, than reductions

Existing positions increased: 396 | Existing positions reduced: 404

9% less call options, than puts

Call options by funds: $455M | Put options by funds: $498M

8% less funds holding in top 10

Funds holding in top 10: 1312 (-1)

Holders
1,109
Holders Change
+47
Holders Change %
+4.43%
% of All Funds
15.98%
Holding in Top 10
12
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-7.69%
% of All Funds
0.17%
New
165
Increased
396
Reduced
404
Closed
104
Calls
$455M
Puts
$498M
Net Calls
-$42.5M
Net Calls Change
-$166M
Name Holding Trade Value Shares
Change
Change in
Stake
DC
651
Davenport & Co
Virginia
$695K +$58K +872 +9%
PP
652
Patron Partners
Texas
$686K -$32.4K -487 -5%
WAP
653
Wealthcare Advisory Partners
Pennsylvania
$685K +$387K +5,820 +138%
BIA
654
Beacon Investment Advisors
Maryland
$684K
GI
655
GAMMA Investing
California
$683K +$141K +2,118 +27%
VFA
656
Valeo Financial Advisors
Indiana
$680K +$123K +1,852 +22%
TF
657
Trek Financial
Arizona
$666K -$968K -14,540 -60%
QCG
658
Quadrant Capital Group
Ohio
$648K -$21K -315 -3%
AWM
659
Accurate Wealth Management
Florida
$642K -$90.5K -1,359 -12%
CIG
660
Cascade Investment Group
Colorado
$640K
WH
661
Willner & Heller
California
$640K +$66.6K +1,000 +12%
KeyBank National Association
662
KeyBank National Association
Ohio
$639K -$8.59K -129 -1%
GT
663
Greenleaf Trust
Michigan
$634K +$33.7K +506 +6%
GT
664
Glenview Trust
Kentucky
$626K +$39.1K +587 +7%
MCM
665
Mainstay Capital Management
Michigan
$623K -$89K -1,337 -13%
SIA
666
Schechter Investment Advisors
Michigan
$620K -$3.73K -56 -0.6%
AWM
667
Avitas Wealth Management
California
$620K -$6.72K -101 -1%
DM
668
Deerfield Management
New York
$616K +$601K +9,021 New
MAS
669
Meeder Advisory Services
Ohio
$608K +$72.2K +1,084 +14%
IA
670
Inspire Advisors
Idaho
$608K +$592K +8,894 New
CIBC Private Wealth Group
671
CIBC Private Wealth Group
Georgia
$604K +$126K +1,894 +27%
GSC
672
G&S Capital
Colorado
$588K -$7.39K -111 -1%
DWAM
673
Duncan Williams Asset Management
Tennessee
$584K +$569K +8,544 New
PFWA
674
Paces Ferry Wealth Advisors
Georgia
$583K +$9.85K +148 +2%
IB
675
Iyo Bank
Japan
$581K

FTNT Hedge Fund Activity: Q1 2024 in Review

1,109 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q1 2024, worth a combined $33.9B — up 15% from $29.5B a quarter earlier.

Buyers outnumbered sellers: 165 funds opened new FTNT positions and 104 closed out — a net gain of 61 holders — while 396 added to existing stakes and 404 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $2.03B. The largest seller was AllianceBernstein, cutting an estimated $818M.

  • 1,109 institutional investors held Fortinet (FTNT) as of Q1 2024, up from 1,062 in Q4 2023.
  • Funds reported $33.9B of Fortinet stock for Q1 2024, up 15% quarter-over-quarter.
  • 165 funds opened new Fortinet positions in Q1 2024 and 104 closed out, a net change of +61 holders.
  • The largest Fortinet buyer in Q1 2024 was T. Rowe Price Associates, an estimated $2.03B added.
  • The largest Fortinet seller in Q1 2024 was AllianceBernstein, an estimated $818M sold.

Based on aggregated 13F filings for Q1 2024.