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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
VCM
976
Versant Capital Management
Arizona
$18.7K -$728 -11 -3%
WWP
977
WR Wealth Planners
Missouri
$18.5K +$2.65K +40 +15%
BWL
978
Bogart Wealth LLC
Virginia
$18.2K +$3.31K +50 +19%
BIA
979
Bell Investment Advisors
California
$18.1K -$265 -4 -1%
FCMT
980
Founders Capital Management (Texas)
Texas
$17.6K +$3.31K +50 +20%
SC
981
Stephens Consulting
Michigan
$17.3K
MAM
982
Marquette Asset Management
Minnesota
$16.1K -$2.58K -39 -12%
RMC
983
Resources Management Corp
Connecticut
$15K
CT
984
Cambridge Trust
Massachusetts
$14.7K
RA
985
Rise Advisors
New York
$14.6K
VWM
986
Venturi Wealth Management
Texas
$14.6K +$4.57K +69 +39%
CT
987
Clearstead Trust
Maine
$14.4K +$3.97K +60 +32%
QL
988
Quarry LP
New York
$13.8K -$19.3K -291 -55%
CAC
989
Core Alternative Capital
Georgia
$13.6K
RW
990
RVW Wealth
California
$13.5K +$15.2K +230 New
SWA
991
Sutton Wealth Advisors
Florida
$13.4K +$1.85K +28 +14%
RFG
992
RFP Financial Group
Georgia
$12.9K
ZB
993
Zions Bancorporation
Utah
$12.1K -$3.38K -51 -20%
JPWM
994
Jamison Private Wealth Management
Georgia
$12K +$13.6K +205 New
WFA
995
West Financial Advisors
Iowa
$11.7K
SOS
996
Silver Oak Securities
Tennessee
$11.6K +$13.1K +198 New
WT
997
Whittier Trust
California
$11.4K +$2.65K +40 +26%
PWMG
998
Prestige Wealth Management Group
New Jersey
$11K -$728 -11 -6%
CP
999
Castleview Partners
Texas
$10.6K
CWC
1000
Carolinas Wealth Consulting
North Carolina
$10.1K -$2.85K -43 -20%

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.