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Fortinet

1,068 hedge funds and large institutions have $29.9B invested in Fortinet in 2023 Q3 according to their latest regulatory filings, with 122 funds opening new positions, 408 increasing their positions, 412 reducing their positions, and 147 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more call options, than puts

Call options by funds: $413M | Put options by funds: $288M

1% less repeat investments, than reductions

Existing positions increased: 408 | Existing positions reduced: 412

1.6% less ownership

Funds ownership: 66.51%64.91% (-1.6%)

3% less funds holding

Funds holding: 1,1021,068 (-34)

17% less first-time investments, than exits

New positions opened: 122 | Existing positions closed: 147

24% less capital invested

Capital invested by funds: $39.4B → $29.9B (-$9.48B)

42% less funds holding in top 10

Funds holding in top 10: 3319 (-14)

Holders
1,068
Holders Change
-34
Holders Change %
-3.09%
% of All Funds
16.95%
Holding in Top 10
19
Holding in Top 10 Change
-14
Holding in Top 10 Change %
-42.42%
% of All Funds
0.3%
New
122
Increased
408
Reduced
412
Closed
147
Calls
$413M
Puts
$288M
Net Calls
+$125M
Net Calls Change
+$39.4M
Name Holding Trade Value Shares
Change
Change in
Stake
PCM
726
Penserra Capital Management
California
$421K -$26.4K -399 -5%
BBHC
727
Brown Brothers Harriman & Co
New York
$418K -$99.3K -1,500 -17%
CI
728
Cigna Investments
Connecticut
$418K -$53.8K -812 -10%
PRC
729
Pearl River Capital
Michigan
$414K +$467K +7,056 New
GA
730
Geller Advisors
New York
$401K -$3.31K -50 -0.7%
MLA
731
My Legacy Advisors
Oregon
$400K -$5.96K -90 -1%
DF
732
Donoghue Forlines
Massachusetts
$395K -$38.3K -579 -8%
RCAG
733
Rehmann Capital Advisory Group
Michigan
$394K +$444K +6,713 New
AR
734
Advisory Research
Illinois
$394K +$444K +6,712 New
KeyBank National Association
735
KeyBank National Association
Ohio
$393K +$159K +2,408 +56%
TCA
736
Trifecta Capital Advisors
Illinois
$393K -$72.8K -1,100 -14%
AMBIA
737
Allen Mooney & Barnes Investment Advisors
Georgia
$391K +$42.8K +646 +11%
KAS
738
KPP Advisory Services
Kentucky
$391K +$441K +6,668 New
CMS
739
Capital Market Strategies
Florida
$389K +$4.04K +61 +0.9%
PFS
740
Prospera Financial Services
Texas
$384K -$53.9K -814 -11%
TA
741
TruWealth Advisors
Louisiana
$384K +$19.1K +288 +5%
HWAM
742
Hennion & Walsh Asset Management
New Jersey
$384K +$213K +3,220 +97%
FC
743
Forte Capital
New York
$383K
GAM
744
GEM Asset Management
Michigan
$383K
VF
745
VitalStone Financial
Texas
$381K +$495K +7,479 +29,916%
LT
746
Legacy Trust
Michigan
$380K -$993 -15 -0.2%
DA
747
Duality Advisers
Florida
$377K +$425K +6,427 New
DIM
748
Delta Investment Management
California
$374K -$8.21K -124 -2%
AT
749
American Trust
Kentucky
$369K -$90.6K -1,369 -18%
UF
750
Univest Financial
Pennsylvania
$365K +$236K +3,569 +135%

FTNT Hedge Fund Activity: Q3 2023 in Review

1,068 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2023, worth a combined $29.9B — down 24% from $39.4B a quarter earlier.

Sellers outnumbered buyers: 147 funds closed out of FTNT and 122 opened new positions — a net loss of 25 holders — while 412 trimmed existing stakes and 408 added.

The largest buyer was Nordea Investment Management, adding an estimated $382M. The largest seller was Fidelity Investments, cutting an estimated $435M.

  • 1,068 institutional investors held Fortinet (FTNT) as of Q3 2023, down from 1,102 in Q2 2023.
  • Funds reported $29.9B of Fortinet stock for Q3 2023, down 24% quarter-over-quarter.
  • 122 funds opened new Fortinet positions in Q3 2023 and 147 closed out, a net change of -25 holders.
  • The largest Fortinet buyer in Q3 2023 was Nordea Investment Management, an estimated $382M added.
  • The largest Fortinet seller in Q3 2023 was Fidelity Investments, an estimated $435M sold.

Based on aggregated 13F filings for Q3 2023.