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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
DA
676
Dover Advisors
Virginia
$578K +$306K +4,604 +119%
ZF
677
Zhang Financial
Michigan
$576K +$26.7K +401 +5%
TA
678
TKG Advisors
Indiana
$572K -$11.5K -173 -2%
GCP
679
GSA Capital Partners
United Kingdom
$569K +$554K +8,323 New
PS
680
Principal Securities
Iowa
$562K -$45.5K -684 -8%
AWM
681
Atticus Wealth Management
Florida
$561K
USCWA
682
U.S. Capital Wealth Advisors
Texas
$559K +$1.8K +27 +0.3%
SIC
683
Salem Investment Counselors
North Carolina
$556K +$1.06K +16 +0.2%
BFG
684
Bleakley Financial Group
New Jersey
$556K +$16.8K +252 +3%
SW
685
Simplicity Wealth
New Jersey
$552K +$538K +8,086 New
RSWM
686
Robertson Stephens Wealth Management
California
$548K +$534K +8,025 New
WB
687
WesBanco Bank
West Virginia
$546K +$533K +8,000 New
VT
688
Vise Technologies
New York
$544K +$144K +2,170 +37%
TC
689
TownSquare Capital
Utah
$542K +$45.1K +677 +9%
DF
690
Donoghue Forlines
Massachusetts
$542K +$77.9K +1,170 +17%
Parallax Volatility Advisers
691
Parallax Volatility Advisers
California
$540K +$526K +7,902 New
CMS
692
Capital Market Strategies
Florida
$534K +$76.4K +1,147 +17%
QPW
693
Quantum Private Wealth
Florida
$533K +$6.66K +100 +1%
PWM
694
Prosperity Wealth Management
California
$532K +$519K +7,795 New
KWM
695
Kaydan Wealth Management
Michigan
$531K -$25.2K -378 -5%
TPCW
696
TD Private Client Wealth
New York
$523K -$439K -6,596 -46%
CI
697
CX Institutional
Indiana
$517K +$146K +2,200 +41%
FFM
698
Forum Financial Management
Illinois
$514K +$1.66K +25 +0.3%
HWM
699
HB Wealth Management
Georgia
$514K +$170K +2,550 +51%
NAM
700
NTV Asset Management
West Virginia
$512K

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.