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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
FA
801
FDx Advisors
Illinois
$292K -$39.4K -595 -11%
PCS
802
Personal CFO Solutions
New Jersey
$291K +$22.2K +335 +7%
WAS
803
WESPAC Advisors SoCal
California
$288K
BSW
804
Buckingham Strategic Wealth
Missouri
$286K -$8.41K -127 -3%
CGL
805
Clarius Group LLC
Washington
$285K -$123K -1,855 -28%
FT
806
Fiduciary Trust
Massachusetts
$276K +$312K +4,709 New
PPC
807
Park Place Capital
Alabama
$275K -$1.39K -21 -0.4%
XT
808
XTX Topco
Cayman Islands
$273K +$1.52K +23 +0.5%
ST
809
Smithfield Trust
Pennsylvania
$273K -$121K -1,835 -28%
SSB
810
Sandy Spring Bank
Maryland
$271K
IAIM
811
International Assets Investment Management
Florida
$269K +$70K +1,057 +30%
SGI
812
Summit Global Investments
Utah
$269K -$158K -2,385 -34%
CAGAS
813
Capital Advisory Group Advisory Services
Minnesota
$268K +$302K +4,565 New
EA
814
Emerald Advisers
Pennsylvania
$266K -$506K -7,639 -63%
RWB
815
RMR Wealth Builders
New Jersey
$265K -$52.9K -799 -15%
UCFA
816
United Capital Financial Advisors
Texas
$264K -$139K -2,105 -32%
ACS
817
Archford Capital Strategies
Illinois
$261K -$2.25K -34 -0.8%
FF
818
Fluent Financial
Texas
$261K +$51.4K +777 +21%
MWM
819
Mission Wealth Management
California
$259K +$27.3K +413 +10%
VWM
820
Valley Wealth Managers
New Jersey
$258K +$16K +241 +6%
CAS
821
CTC Alternative Strategies
Illinois
$258K -$321K -4,850 -52%
KLCM
822
KG&L Capital Management
Louisiana
$256K +$58.8K +888 +26%
OIA
823
OneDigital Investment Advisors
Kansas
$255K +$288K +4,353 New
UCB
824
United Community Bank
South Carolina
$255K +$288K +4,352 New
SC
825
Syon Capital
California
$255K +$287K +4,342 New

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.