Fortinet
FTNT
241 hedge funds and large institutions have $2.61B invested in Fortinet in 2014 Q1 according to their latest regulatory filings, with 63 funds opening new positions, 89 increasing their positions, 72 reducing their positions, and 48 closing their positions.
31% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 48
24% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 72
18% more capital invested
Capital invested by funds: $2.21B → $2.61B (+$397M)
6% more funds holding
Funds holding: 228 → 241 (+13)
9% more call options, than puts
Call options by funds: $38.2M | Put options by funds: $35M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Congress Asset Management
Boston,
Massachusetts
|
+$59M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$57.3M |
| 3 |
State Street
Boston,
Massachusetts
|
+$38.6M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$34.7M |
| 5 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
+$25.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Maverick Capital
Dallas,
Texas
|
-$45.2M |
| 2 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
-$40.1M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$34.2M |
| 4 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$32.2M |
| 5 |
SIM
SRS Investment Management
New York
|
-$24.8M |
FTNT Hedge Fund Activity: Q1 2014 in Review
241 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q1 2014, worth a combined $2.61B — up 18% from $2.21B a quarter earlier.
Buyers outnumbered sellers: 63 funds opened new FTNT positions and 48 closed out — a net gain of 15 holders — while 89 added to existing stakes and 72 trimmed.
The largest buyer was Congress Asset Management, opening a new position worth an estimated $59M. The largest seller was Maverick Capital, cutting an estimated $45.2M.
- 241 institutional investors held Fortinet (FTNT) as of Q1 2014, up from 228 in Q4 2013.
- Funds reported $2.61B of Fortinet stock for Q1 2014, up 18% quarter-over-quarter.
- 63 funds opened new Fortinet positions in Q1 2014 and 48 closed out, a net change of +15 holders.
- The largest Fortinet buyer in Q1 2014 was Congress Asset Management, an estimated $59M added.
- The largest Fortinet seller in Q1 2014 was Maverick Capital, an estimated $45.2M sold.
Based on aggregated 13F filings for Q1 2014.