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Fortinet

1,109 hedge funds and large institutions have $33.9B invested in Fortinet in 2024 Q1 according to their latest regulatory filings, with 165 funds opening new positions, 396 increasing their positions, 404 reducing their positions, and 104 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more first-time investments, than exits

New positions opened: 165 | Existing positions closed: 104

15% more capital invested

Capital invested by funds: $29.5B → $33.9B (+$4.4B)

4% more funds holding

Funds holding: 1,0621,109 (+47)

0.5% less ownership

Funds ownership: 65.53%65.03% (-0.5%)

2% less repeat investments, than reductions

Existing positions increased: 396 | Existing positions reduced: 404

9% less call options, than puts

Call options by funds: $455M | Put options by funds: $498M

8% less funds holding in top 10

Funds holding in top 10: 1312 (-1)

Holders
1,109
Holders Change
+47
Holders Change %
+4.43%
% of All Funds
15.98%
Holding in Top 10
12
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-7.69%
% of All Funds
0.17%
New
165
Increased
396
Reduced
404
Closed
104
Calls
$455M
Puts
$498M
Net Calls
-$42.5M
Net Calls Change
-$166M
Name Holding Trade Value Shares
Change
Change in
Stake
XSC
751
X-Square Capital
Puerto Rico
$384K -$516K -7,758 -58%
BWA
752
Bordeaux Wealth Advisors
California
$383K +$5.39K +81 +1%
IBOK
753
Independence Bank of Kentucky
Kentucky
$382K
VWM
754
Valley Wealth Managers
New Jersey
$382K +$58K +871 +18%
GVAG
755
Great Valley Advisor Group
Delaware
$379K +$2.46K +37 +0.7%
LSAG
756
Lake Street Advisors Group
New Hampshire
$369K +$14K +211 +4%
RCAG
757
Rehmann Capital Advisory Group
Michigan
$368K -$70.6K -1,061 -16%
BSW
758
Buckingham Strategic Wealth
Missouri
$367K -$128K -1,920 -26%
GIA
759
Gladstone Institutional Advisory
Florida
$367K -$46.4K -697 -11%
CG
760
Cynosure Group
Utah
$365K +$356K +5,344 New
IWM
761
IHT Wealth Management
Illinois
$363K -$11.8K -178 -3%
SC
762
Syon Capital
California
$363K -$325K -4,884 -48%
AC
763
Avestar Capital
New York
$362K -$92.5K -1,389 -21%
PCM
764
Pennsylvania Capital Management
Pennsylvania
$360K
MA
765
MONECO Advisors
Connecticut
$356K +$13.3K +200 +4%
VI
766
Versor Investments
New York
$354K -$694K -10,427 -67%
BWM
767
Birchcreek Wealth Management
Ohio
$353K +$344K +5,170 New
TCM
768
TD Capital Management
Tennessee
$353K +$72.7K +1,092 +27%
MLA
769
My Legacy Advisors
Oregon
$352K
DWT
770
Dorsey & Whitney Trust
South Dakota
$351K +$342K +5,140 New
FNBT
771
FineMark National Bank & Trust
Florida
$351K +$932 +14 +0.3%
EW
772
Evoke Wealth
California
$350K +$341K +5,121 New
HWA
773
HHM Wealth Advisors
Tennessee
$350K
MLIC
774
Mandatum Life Insurance Company
Finland
$348K
RFC
775
Regions Financial Corp
Alabama
$348K -$1.73K -26 -0.5%

FTNT Hedge Fund Activity: Q1 2024 in Review

1,109 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q1 2024, worth a combined $33.9B — up 15% from $29.5B a quarter earlier.

Buyers outnumbered sellers: 165 funds opened new FTNT positions and 104 closed out — a net gain of 61 holders — while 396 added to existing stakes and 404 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $2.03B. The largest seller was AllianceBernstein, cutting an estimated $818M.

  • 1,109 institutional investors held Fortinet (FTNT) as of Q1 2024, up from 1,062 in Q4 2023.
  • Funds reported $33.9B of Fortinet stock for Q1 2024, up 15% quarter-over-quarter.
  • 165 funds opened new Fortinet positions in Q1 2024 and 104 closed out, a net change of +61 holders.
  • The largest Fortinet buyer in Q1 2024 was T. Rowe Price Associates, an estimated $2.03B added.
  • The largest Fortinet seller in Q1 2024 was AllianceBernstein, an estimated $818M sold.

Based on aggregated 13F filings for Q1 2024.