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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
LT
901
Legacy Trust
Michigan
$208K -$187K -2,807 -48%
GL
902
Graypoint LLC
New York
$208K +$203K +3,042 New
AWM
903
Axxcess Wealth Management
California
$205K -$53.3K -800 -21%
ACP
904
Aviance Capital Partners
Florida
$205K +$200K +3,000 New
EB
905
Eastern Bank
Massachusetts
$205K +$200K +3,000 New
GF
906
Gabelli Funds
New York
$205K +$200K +3,000 New
RIA
907
Realta Investment Advisors
Delaware
$205K -$28.3K -425 -12%
IWA
908
IBEX Wealth Advisors
New Jersey
$204K +$278K +4,182 New
CSPIA
909
Cary Street Partners Investment Advisory
Virginia
$202K +$197K +2,963 New
VCG
910
Vantage Consulting Group
Virginia
$202K -$68.6K -1,030 -26%
CFD
911
Creative Financial Designs
Indiana
$200K +$141K +2,125 +264%
PP
912
PDS Planning
Ohio
$200K +$195K +2,928 New
TCOV
913
Trust Company of Vermont
Vermont
$198K +$83.1K +1,248 +75%
TCA
914
Trifecta Capital Advisors
Illinois
$196K -$219K -3,289 -53%
DSC
915
Duncker Streett & Co
Missouri
$196K
HDIM
916
Hanson & Doremus Investment Management
Vermont
$195K +$1.93K +29 +1%
CG
917
Cutler Group
California
$191K +$61.9K +930 +50%
CPBTD
918
Central Pacific Bank - Trust Division
Hawaii
$190K +$186K +2,800 New
HCP
919
Hexagon Capital Partners
Arkansas
$187K +$6.39K +96 +4%
CTC
920
Central Trust Company
Missouri
$182K +$1.66K +25 +0.9%
First Manhattan
921
First Manhattan
New York
$181K
ST
922
Smithfield Trust
Pennsylvania
$178K +$8.12K +122 +5%
MA
923
Montag & Associates
Georgia
$172K
AIM
924
Acropolis Investment Management
Missouri
$169K
MCM
925
MV Capital Management
Maryland
$160K +$5.79K +87 +4%

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.