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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
ACA
826
Aptus Capital Advisors
Alabama
$254K +$87.7K +1,325 +44%
CFP
827
Catalyst Financial Partners
Massachusetts
$254K +$13.8K +209 +5%
AF
828
Advisornet Financial
Minnesota
$253K +$29.5K +445 +11%
SGA
829
Seaport Global Advisors
Massachusetts
$253K +$14.4K +217 +5%
FP
830
Foundry Partners
Minnesota
$251K -$117K -1,771 -29%
HCM
831
Highview Capital Management
Illinois
$250K
CI
832
CX Institutional
Indiana
$250K -$52.8K -797 -16%
WAP
833
Wealthcare Advisory Partners
Pennsylvania
$249K +$22.3K +337 +9%
SYBT
834
Stock Yards Bank & Trust
Kentucky
$248K -$276K -4,175 -50%
GSEP
835
Golden State Equity Partners
California
$247K +$279K +4,216 New
DLCIG
836
D.L. Carlson Investment Group
New Hampshire
$247K
SCM
837
SevenOneSeven Capital Management
Pennsylvania
$245K +$12.6K +191 +4%
CIP
838
Convergence Investment Partners
Florida
$245K -$354K -5,341 -56%
AP
839
AtonRa Partners
Switzerland
$245K -$86.3K -1,304 -24%
SL
840
Stevard LLC
Illinois
$244K -$1.32K -20 -0.5%
TPCW
841
TD Private Client Wealth
New York
$242K +$76.5K +1,155 +39%
RIA
842
Realta Investment Advisors
Delaware
$242K
CWM
843
Connecticut Wealth Management
Connecticut
$241K -$42K -635 -13%
RWM
844
Ritholtz Wealth Management
New York
$238K -$2.98K -45 -1%
VCP
845
Verus Capital Partners
Arizona
$236K +$132 +2 +0%
MG
846
Meritage Group
California
$236K +$43.4K +655 +19%
CI
847
Conning Inc
Connecticut
$235K -$5.3K -80 -2%
PA
848
PFG Advisors
Arizona
$233K +$662 +10 +0.3%
PPW
849
Parcion Private Wealth
Washington
$233K -$21.4K -323 -8%
GRP
850
Global Retirement Partners
California
$230K -$32.5K -491 -11%

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.