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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
JIP
876
Jaffetilchin Investment Partners
Florida
$209K -$2.65K -40 -1%
NFSG
877
Newbridge Financial Services Group
Florida
$209K +$189K +2,850 +399%
ACM
878
Avalon Capital Management
California
$209K +$236K +3,565 New
ATC
879
Argent Trust Co
Tennessee
$207K +$33K +498 +16%
CRI
880
Colonial River Investments
Virginia
$206K +$13.6K +205 +6%
LAM
881
Lifestyle Asset Management
Texas
$206K -$1.14M -17,262 -83%
WA
882
Waddell & Associates
Tennessee
$205K
CWP
883
CFM Wealth Partners
Texas
$204K +$38.5K +582 +20%
Members Trust
884
Members Trust
Florida
$204K
IFS
885
Ifrah Financial Services
Arkansas
$203K -$4.43K -67 -2%
SA
886
Syntax Advisors
New York
$201K +$14.8K +224 +7%
VCG
887
Vantage Consulting Group
Virginia
$201K +$14.8K +224 +7%
PWA
888
Provenance Wealth Advisors
Florida
$191K +$216K +3,260 New
T
889
TOBAM
France
$191K -$463 -7 -0.2%
PMFA
890
Plante Moran Financial Advisors
Michigan
$188K
MA
891
Montag & Associates
Georgia
$178K +$79.2K +1,197 +65%
DSC
892
Duncker Streett & Co
Missouri
$169K
AIM
893
Acropolis Investment Management
Missouri
$167K +$188K +2,844 New
MCM
894
MV Capital Management
Maryland
$166K +$1.06K +16 +0.6%
HDIM
895
Hanson & Doremus Investment Management
Vermont
$166K
AWM
896
AllSquare Wealth Management
New York
$166K +$48K +725 +35%
VSQM
897
V-Square Quantitative Management
Illinois
$164K +$185K +2,788 New
CTC
898
Central Trust Company
Missouri
$155K +$34.1K +515 +24%
First Manhattan
899
First Manhattan
New York
$155K
AF
900
Allworth Financial
California
$152K -$662 -10 -0.4%

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.