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Fortinet
FTNT

552 hedge funds and large institutions have $9.22B invested in Fortinet in 2019 Q3 according to their latest regulatory filings, with 67 funds opening new positions, 171 increasing their positions, 221 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 64

0% less funds holding

Funds holding: 553 → 552 (-1)

1% less capital invested

Capital invested by funds: $9.35B → $9.22B (-$130M)

4.39% less ownership

Funds ownership: 360.04% → 355.65% (-4.4%)

23% less repeat investments, than reductions

Existing positions increased: 171 | Existing positions reduced: 221

25% less funds holding in top 10

Funds holding in top 10: 8 → 6 (-2)

37% less call options, than puts

Call options by funds: $46M | Put options by funds: $72.6M

Holders
552
Holders Change
-1
Holders Change %
-0.18%
% of All Funds
12.11%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.13%
New
67
Increased
171
Reduced
221
Closed
64
Calls
$46M
Puts
$72.6M
Net Calls
-$26.5M
Net Calls Change
+$48.1M

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$86M
2
BHG
Blue Harbour Group
Connecticut
+$85.8M
3
Renaissance Technologies
Renaissance Technologies
New York
+$56.7M
4
PAM
Panagora Asset Management
Massachusetts
+$52M
5
Allianz Asset Management
Allianz Asset Management
Germany
+$46.4M

Top Sellers

1
AQR Capital Management
AQR Capital Management
Connecticut
-$118M
2
APG Asset Management
APG Asset Management
Netherlands
-$87.2M
3
ClearBridge Investments
ClearBridge Investments
New York
-$85.4M
4
JIM
Jupiter Investment Management
United Kingdom
-$76.2M
5
Goldman Sachs
Goldman Sachs
New York
-$67.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
ZIM
76
Zacks Investment Management
Illinois
$21.7M +$1.32M +81,125 +6%
SIMG
77
Stephens Investment Management Group
Texas
$21.2M +$761K +46,920 +4%
PCA
78
Personal Capital Advisors
California
$21.2M +$22.4M +1,381,045 New
NIPH
79
NN Investment Partners Holdings
Netherlands
$20.3M -$1.08M -66,720 -5%
RPI
80
Railway Pension Investments
United Kingdom
$19.9M -$612K -37,720 -3%
RhumbLine Advisers
81
RhumbLine Advisers
Massachusetts
$19.5M +$137K +8,425 +0.7%
AllianceBernstein
82
AllianceBernstein
Tennessee
$19.1M -$574K -35,370 -3%
Acadian Asset Management
83
Acadian Asset Management
Massachusetts
$18.3M +$19.3M +1,189,930 New
California State Teachers Retirement System (CalSTRS)
84
California State Teachers Retirement System (CalSTRS)
California
$18.2M +$223K +13,740 +1%
MC
85
Maverick Capital
Texas
$17.9M +$13.6M +839,575 +259%
MSL
86
Mackay Shields LLC
New York
$17.4M -$4.7M -289,570 -20%
AAMU
87
Amundi Asset Management US
Massachusetts
$17M +$1.41M +86,880 +9%
Man Group
88
Man Group
United Kingdom
$16.7M -$1.34M -82,790 -7%
State Board of Administration of Florida Retirement System
89
State Board of Administration of Florida Retirement System
Florida
$16.5M -$207K -12,780 -1%
Principal Financial Group
90
Principal Financial Group
Iowa
$16.5M -$733K -45,150 -4%
Barclays
91
Barclays
United Kingdom
$16.5M -$1.72M -106,090 -9%
Wellington Management Group
92
Wellington Management Group
Massachusetts
$16.5M -$30.3M -1,864,955 -63%
Russell Investments Group
93
Russell Investments Group
United Kingdom
$16M -$4.16M -256,365 -20%
SCP
94
Sandhill Capital Partners
New York
$15.7M +$16.6M +1,024,260 New
WMSA
95
Weiss Multi-Strategy Advisers
New York
$15.7M +$16.6M +1,022,740 New
New York State Teachers Retirement System (NYSTRS)
96
New York State Teachers Retirement System (NYSTRS)
New York
$14.9M -$114K -7,000 -0.7%
CS
97
Candriam SCA
Luxembourg
$14.8M +$10.3M +633,010 +190%
Federated Hermes
98
Federated Hermes
Pennsylvania
$14.8M -$1.26M -77,520 -7%
PI
99
PineBridge Investments
New York
$14.7M -$1.64M -101,200 -10%
CEP
100
Chicago Equity Partners
Illinois
$13.4M -$1.77M -109,050 -11%
2 3
4
5 6

FTNT Hedge Fund Activity: Q3 2019 in Review

552 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2019, worth a combined $9.22B — down 1.4% from $9.35B a quarter earlier.

Buyers outnumbered sellers: 67 funds opened new FTNT positions and 64 closed out — a net gain of 3 holders — while 171 added to existing stakes and 221 trimmed.

The largest buyer was Ameriprise, adding an estimated $86M. The largest seller was AQR Capital Management, cutting an estimated $118M.

  • 552 institutional investors held Fortinet (FTNT) as of Q3 2019, down from 553 in Q2 2019.
  • Funds reported $9.22B of Fortinet stock for Q3 2019, down 1.4% quarter-over-quarter.
  • 67 funds opened new Fortinet positions in Q3 2019 and 64 closed out, a net change of +3 holders.
  • The largest Fortinet buyer in Q3 2019 was Ameriprise, an estimated $86M added.
  • The largest Fortinet seller in Q3 2019 was AQR Capital Management, an estimated $118M sold.

Based on aggregated 13F filings for Q3 2019.