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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
HI
751
Human Investing
Oregon
$364K -$16.7K -253 -4%
Massachusetts Financial Services
752
Massachusetts Financial Services
Massachusetts
$360K -$6.55K -99 -2%
Credit Agricole
753
Credit Agricole
France
$360K +$406K +6,131 New
ACIM
754
Azimuth Capital Investment Management
Michigan
$359K +$99.3K +1,500 +33%
SFA
755
Sequoia Financial Advisors
Ohio
$355K -$41.2K -623 -9%
CA
756
Cullinan Associates
Kentucky
$352K
LGA
757
Lebenthal Global Advisors
New York
$349K -$1.32K -20 -0.3%
SCA
758
Snowden Capital Advisors
New York
$347K -$704K -10,641 -64%
RAM
759
Ramirez Asset Management
New York
$345K +$390K +5,887 New
WANY
760
Wealthspire Advisors (New York)
New York
$345K -$12K -181 -3%
PCM
761
Prelude Capital Management
New York
$343K -$191K -2,891 -33%
CG
762
Cutler Group
California
$342K +$289K +4,364 +296%
IWM
763
IHT Wealth Management
Illinois
$342K -$17.1K -258 -4%
BP
764
Ballentine Partners
Massachusetts
$341K -$67.8K -1,024 -15%
PA
765
Pinnacle Associates
New York
$335K +$79.5K +1,201 +27%
OCBCO
766
Oversea-Chinese Banking Corp (OCBC)
Singapore
$335K -$202K -3,053 -35%
CICI
767
Capital Investment Counsel Inc
North Carolina
$333K -$66.2K -1,000 -15%
PCP
768
Proficio Capital Partners
Massachusetts
$333K -$1.85K -28 -0.5%
OR
769
Olympiad Research
Connecticut
$332K -$194K -2,924 -34%
EWM
770
Empirical Wealth Management
Washington
$329K -$13.2K -199 -3%
PWM
771
Prosperity Wealth Management
California
$329K +$371K +5,605 New
AC
772
Avestar Capital
New York
$328K -$65.7K -992 -15%
BWA
773
Bordeaux Wealth Advisors
California
$323K -$18.1K -274 -5%
SOW
774
State of Wyoming
Wyoming
$323K -$51.1K -772 -12%
MRCM
775
M&R Capital Management
New Jersey
$320K +$146K +2,200 +68%

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.