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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
AWA
776
Acorn Wealth Advisors
Michigan
$346K
IAG
777
Investment Advisory Group
Massachusetts
$344K +$1.6K +24 +0.5%
GC
778
Garde Capital
Washington
$343K
RWS
779
Resolute Wealth Strategies
Mississippi
$342K
NS
780
NBC Securities
Alabama
$341K +$8.05K +121 +2%
BTI
781
Blue Trust Inc
Georgia
$340K +$31.1K +467 +10%
PFS
782
Prospera Financial Services
Texas
$339K -$84.3K -1,266 -20%
YMRC
783
Yorktown Management & Research Company
Virginia
$338K
Capstone Investment Advisors
784
Capstone Investment Advisors
New York
$329K +$321K +4,816 New
RP
785
Rice Partnership
Hawaii
$328K -$433K -6,509 -58%
NFSG
786
Newbridge Financial Services Group
Florida
$324K +$999 +15 +0.3%
ACS
787
Archford Capital Strategies
Illinois
$322K +$2K +30 +0.6%
MTWM
788
Masso Torrence Wealth Management
New Jersey
$318K +$23.8K +357 +8%
MIS
789
Morningstar Investment Services
Illinois
$317K -$204K -3,064 -39%
SSB
790
Sandy Spring Bank
Maryland
$316K
FC
791
FORA Capital
Florida
$314K +$306K +4,603 New
CWM
792
Connecticut Wealth Management
Connecticut
$314K +$9.39K +141 +3%
ACA
793
Aptus Capital Advisors
Alabama
$314K +$34.5K +518 +13%
CAGAS
794
Capital Advisory Group Advisory Services
Minnesota
$310K +$6.99K +105 +2%
VCP
795
Verus Capital Partners
Arizona
$310K -$30.6K -459 -9%
WIM
796
Waverton Investment Management
United Kingdom
$307K
QPBE
797
Quintet Private Bank (Europe)
Luxembourg
$306K +$260K +3,906 New
FAIM
798
Financial Advocates Investment Management
Washington
$304K
TFIPS
799
Towarzystwo Funduszy Inwestycyjnych PZU SA
$304K +$26.6K +400 +10%
DOA
800
D'Orazio & Associates
Virginia
$302K +$4.13K +62 +1%

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.