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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
FFP
701
FourThought Financial Partners
Florida
$579K +$15K +221 +3%
ZF
702
Zhang Financial
Michigan
$579K -$1.5K -22 -0.3%
SIC
703
Salem Investment Counselors
North Carolina
$574K +$57.8K +850 +13%
RC
704
Rovin Capital
Arizona
$574K -$58.2K -856 -10%
PCM
705
Penserra Capital Management
California
$572K -$3.25M -47,808 -86%
GIA
706
Gladstone Institutional Advisory
Florida
$568K -$748 -11 -0.1%
FFM
707
Forum Financial Management
Illinois
$567K
NAM
708
NTV Asset Management
West Virginia
$567K
VFA
709
Valeo Financial Advisors
Indiana
$566K -$95.5K -1,405 -16%
TAM
710
Trust Asset Management
Texas
$564K
KCM
711
Kornitzer Capital Management
Kansas
$559K
PFS
712
Prospera Financial Services
Texas
$556K -$4.04M -59,353 -89%
USCWA
713
U.S. Capital Wealth Advisors
Texas
$553K +$498K +7,319 New
CA
714
CoreCap Advisors
Michigan
$553K +$498K +7,316 New
DF
715
Donoghue Forlines
Massachusetts
$553K +$147K +2,157 +42%
MLA
716
My Legacy Advisors
Oregon
$548K +$6.12K +90 +1%
BAM
717
Belpointe Asset Management
Nevada
$534K -$496K -7,287 -51%
BS
718
Bessemer Securities
New York
$533K
JSC
719
Jackson Square Capital
California
$531K +$478K +7,029 New
SWM
720
Silverlake Wealth Management
Vermont
$529K -$22.1K -325 -4%
SGI
721
Summit Global Investments
Utah
$526K +$242K +3,566 +105%
FNBT
722
FineMark National Bank & Trust
Florida
$522K +$175K +2,579 +60%
GA
723
Geller Advisors
New York
$521K +$468K +6,886 New
GVAG
724
Great Valley Advisor Group
Delaware
$520K +$36.7K +540 +9%
BP
725
Ballentine Partners
Massachusetts
$516K +$208K +3,059 +81%

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.