Fortinet
FTNT
720 hedge funds and large institutions have $16.4B invested in Fortinet in 2020 Q4 according to their latest regulatory filings, with 130 funds opening new positions, 269 increasing their positions, 238 reducing their positions, and 81 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 4 → 12 (+8)
60% more first-time investments, than exits
New positions opened: 130 | Existing positions closed: 81
24% more capital invested
Capital invested by funds: $13.2B → $16.4B (+$3.19B)
13% more repeat investments, than reductions
Existing positions increased: 269 | Existing positions reduced: 238
6% more funds holding
Funds holding: 677 → 720 (+43)
5% less call options, than puts
Call options by funds: $185M | Put options by funds: $195M
6.91% less ownership
Funds ownership: 346.23% → 339.32% (-6.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS AM
Chicago,
Illinois
|
+$115M |
| 2 |
DCP
DSM Capital Partners
Palm Beach Gardens,
Florida
|
+$94.6M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$92M |
| 4 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
+$69.3M |
| 5 |
Fundsmith LLP
London,
United Kingdom
|
+$67.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$230M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$196M |
| 3 |
Renaissance Technologies
New York
|
-$139M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$72.4M |
| 5 |
BlackRock
New York
|
-$55.9M |
FTNT Hedge Fund Activity: Q4 2020 in Review
720 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q4 2020, worth a combined $16.4B — up 24% from $13.2B a quarter earlier.
Buyers outnumbered sellers: 130 funds opened new FTNT positions and 81 closed out — a net gain of 49 holders — while 269 added to existing stakes and 238 trimmed.
The largest buyer was UBS AM, adding an estimated $115M. The largest seller was Whale Rock Capital Management, exiting entirely with an estimated $230M sold.
- 720 institutional investors held Fortinet (FTNT) as of Q4 2020, up from 677 in Q3 2020.
- Funds reported $16.4B of Fortinet stock for Q4 2020, up 24% quarter-over-quarter.
- 130 funds opened new Fortinet positions in Q4 2020 and 81 closed out, a net change of +49 holders.
- The largest Fortinet buyer in Q4 2020 was UBS AM, an estimated $115M added.
- The largest Fortinet seller in Q4 2020 was Whale Rock Capital Management, an estimated $230M sold.
Based on aggregated 13F filings for Q4 2020.