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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
CC
701
Chicago Capital
Illinois
$511K -$44.4K -667 -8%
TAM
702
Trust Asset Management
Texas
$510K
PA
703
Parallel Advisors
California
$502K +$66.9K +1,005 +16%
TA
704
TruWealth Advisors
Louisiana
$501K +$9.85K +148 +2%
BL
705
Balentine LLC
Georgia
$499K +$252K +3,780 +107%
CA
706
CoreCap Advisors
Michigan
$496K -$158K -2,374 -25%
JCIA
707
Jackson Creek Investment Advisors
Colorado
$494K -$27.6K -415 -5%
SPC
708
Sigma Planning Corp
Michigan
$493K +$481K +7,223 New
UF
709
Univest Financial
Pennsylvania
$492K +$479K +7,201 New
AMBIA
710
Allen Mooney & Barnes Investment Advisors
Georgia
$486K -$5.33K -80 -1%
HCA
711
Harbor Capital Advisors
Illinois
$480K +$999 +15 +0.2%
BFM
712
Boston Financial Management
Massachusetts
$473K +$461K +6,930 New
AFG
713
Atomi Financial Group
New York
$473K +$461K +6,919 New
ACIM
714
Azimuth Capital Investment Management
Michigan
$472K
BP
715
Ballentine Partners
Massachusetts
$470K +$68.4K +1,027 +18%
GL
716
Gerber LLC
Ohio
$470K
CI
717
Cigna Investments
Connecticut
$469K -$9.39K -141 -2%
PAS
718
Park Avenue Securities
New York
$467K -$76.8K -1,153 -14%
SCA
719
Snowden Capital Advisors
New York
$466K +$16.9K +254 +4%
OTL
720
Oak Thistle LLC
New York
$466K +$454K +6,826 New
FCH
721
Freestone Capital Holdings
Washington
$451K -$177K -2,654 -29%
WANY
722
Wealthspire Advisors (New York)
New York
$447K -$865 -13 -0.2%
FC
723
Forte Capital
New York
$446K
SWM
724
Spire Wealth Management
Virginia
$446K -$375K -5,635 -46%
JWM
725
JPL Wealth Management
Colorado
$441K

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.