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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
CGL
726
Clarius Group LLC
Washington
$508K +$4.15K +61 +0.9%
FHB
727
First Hawaiian Bank
Hawaii
$507K +$3.2K +47 +0.7%
CMS
728
Capital Market Strategies
Florida
$506K +$455K +6,693 New
SFA
729
Sequoia Financial Advisors
Ohio
$505K +$11.5K +169 +3%
CICI
730
Capital Investment Counsel Inc
North Carolina
$504K +$11.7K +172 +3%
UCFA
731
United Capital Financial Advisors
Texas
$499K -$111K -1,631 -20%
AC
732
Avestar Capital
New York
$498K +$448K +6,582 New
VAS
733
Vestmark Advisory Solutions
Massachusetts
$496K +$61.5K +904 +16%
FC
734
Forte Capital
New York
$493K
GAM
735
GEM Asset Management
Michigan
$493K
DIM
736
Delta Investment Management
California
$491K -$99.9K -1,469 -18%
LT
737
Legacy Trust
Michigan
$490K -$6.87K -101 -2%
HI
738
Human Investing
Oregon
$487K -$122K -1,788 -22%
ST
739
Smithfield Trust
Pennsylvania
$486K +$291K +4,278 +197%
SSWM
740
Sheets Smith Wealth Management
North Carolina
$482K +$433K +6,374 New
SOW
741
State of Wyoming
Wyoming
$474K -$74.4K -1,094 -15%
TA
742
TruWealth Advisors
Louisiana
$472K -$24.2K -356 -5%
Massachusetts Financial Services
743
Massachusetts Financial Services
Massachusetts
$471K -$83.1K -1,222 -16%
EWA
744
Exencial Wealth Advisors
Oklahoma
$471K +$2.65K +39 +0.6%
IWM
745
IHT Wealth Management
Illinois
$460K +$1.43K +21 +0.3%
WANY
746
Wealthspire Advisors (New York)
New York
$458K -$17.7K -260 -4%
FP
747
Foundry Partners
Minnesota
$457K
AMBIA
748
Allen Mooney & Barnes Investment Advisors
Georgia
$455K -$49.3K -725 -11%
CA
749
Cullinan Associates
Kentucky
$454K +$136K +2,000 +50%
PTC
750
Petrus Trust Company
Texas
$453K +$407K +5,992 New

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.