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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
EAM
851
Evanson Asset Management
California
$229K
FB
852
Fulton Bank
Pennsylvania
$225K -$16.7K -253 -6%
SMC
853
Smith, Moore & Co
Missouri
$225K +$51.5K +778 +26%
WT
854
Washington Trust
Rhode Island
$224K
IWA
855
IBEX Wealth Advisors
New Jersey
$224K +$253K +3,818 New
RSA
856
River Street Advisors
Illinois
$223K
MOS
857
MGO One Seven
Ohio
$222K +$251K +3,790 New
SC
858
Savant Capital
Illinois
$222K -$7.08K -107 -3%
MIS
859
Morningstar Investment Services
Illinois
$222K -$16.2K -245 -6%
SIM
860
Sentry Investment Management
Wisconsin
$221K -$35.8K -541 -13%
MLM
861
Mount Lucas Management
Pennsylvania
$221K -$32K -484 -11%
IF
862
Intrua Financial
Texas
$221K +$51.8K +783 +26%
HWA
863
Heritage Wealth Advisors
Virginia
$220K
EDRH
864
Edmond de Rothschild Holding
Switzerland
$219K +$93.5K +1,412 +61%
TWA
865
Tandem Wealth Advisors
Arizona
$218K +$246K +3,709 New
GCP
866
Garda Capital Partners
Minnesota
$218K +$245K +3,708 New
KIG
867
Kowal Investment Group
Wisconsin
$217K +$4.1K +62 +2%
WPC
868
Wedmont Private Capital
Pennsylvania
$216K +$13.9K +210 +6%
CCA
869
Checchi Capital Advisers
California
$215K -$5.69K -86 -2%
LFG
870
Larson Financial Group
Missouri
$214K +$105K +1,593 +77%
PTC
871
Philadelphia Trust Company
Pennsylvania
$214K
RP
872
Riverwater Partners
Wisconsin
$214K +$132 +2 +0.1%
FLPIM
873
F.L. Putnam Investment Management
Massachusetts
$212K -$3.64K -55 -1%
CMBA
874
C.M. Bidwell & Associates
Hawaii
$211K -$1.59K -24 -0.7%
PWPS
875
Pinnacle Wealth Planning Services
Ohio
$211K +$1.13K +17 +0.5%

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.