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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
OP
1001
ORG Partners
Indiana
$9.08K +$10.3K +155 New
AWM
1002
Abound Wealth Management
Tennessee
$8.51K -$1.39K -21 -13%
VNA
1003
Valley National Advisers
Pennsylvania
$8K +$4.63K +70 +108%
CBT
1004
CoreFirst Bank & Trust
Kansas
$7.98K +$9K +136 New
LTI
1005
Laffer Tengler Investments
Tennessee
$7.69K -$2.17M -32,743 -100%
AIC
1006
Archer Investment Corporation
Indiana
$7.63K
PGAM
1007
Princeton Global Asset Management
New Jersey
$7.63K
BAM
1008
Bellevue Asset Management
Washington
$7.33K
TFM
1009
TFC Financial Management
Massachusetts
$7.22K +$6.62K +100 +435%
SCA
1010
Stonebridge Capital Advisors
Minnesota
$7.04K -$2.65K -40 -25%
PVH
1011
Psagot Value Holdings
Israel
$7K +$3.11K +47 +68%
ACA
1012
Atlas Capital Advisors
Wyoming
$6.75K
ANBT
1013
American National Bank & Trust
Texas
$6.46K -$5.63K -85 -44%
DIP
1014
DT Investment Partners
Pennsylvania
$6.16K
IPW
1015
Impact Partnership Wealth
Georgia
$5.87K
MAWCM
1016
Mine & Arao Wealth Creation & Management
California
$5.87K
TC
1017
Truvestments Capital
Florida
$5.46K
SFCL
1018
Strengthening Families & Communities LLC
Massachusetts
$5K -$2.58K -39 -31%
SSG
1019
Summit Securities Group
New York
$5K -$265 -4 -4%
PP
1020
PFS Partners
New Jersey
$4.75K
OC
1021
Oakworth Capital
Alabama
$4.58K
BWM
1022
Baystate Wealth Management
Massachusetts
$4.4K -$1.66K -25 -25%
MWA
1023
Moser Wealth Advisors
Washington
$4.4K
AWM
1024
Avior Wealth Management
Nebraska
$4.22K
CTA
1025
Colonial Trust Advisors
South Carolina
$3.76K

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.