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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
JWM
1001
Janiczek Wealth Management
Colorado
$30.4K +$333 +5 +1%
KFI
1002
Key Financial Inc
Pennsylvania
$29.7K
GBT
1003
Grove Bank & Trust
Florida
$29.6K
RS
1004
Rakuten Securities
Japan
$27.9K -$21.3K -320 -44%
EA
1005
Evolution Advisers
Virginia
$27K
VCM
1006
Versant Capital Management
Arizona
$26.6K +$8.92K +134 +53%
RA
1007
Rise Advisors
New York
$25.8K +$14.4K +217 +136%
WCM
1008
Winthrop Capital Management
Indiana
$25K +$24.6K +369 New
RFG
1009
RFP Financial Group
Georgia
$24.8K +$200 +3 +0.4%
CT
1010
Colonial Trust
South Carolina
$24.4K
BL
1011
BFSG LLC
California
$22.2K
CT
1012
Cambridge Trust
Massachusetts
$22.2K
BWL
1013
Bogart Wealth LLC
Virginia
$20.5K -$666 -10 -3%
OA
1014
Operose Advisors
Wisconsin
$20.5K +$20K +300 New
SC
1015
Stephens Consulting
Michigan
$20.2K
WT
1016
Whittier Trust
California
$20.2K +$9.32K +140 +90%
MAM
1017
Meeder Asset Management
Ohio
$20.2K +$19.6K +295 New
TC
1018
Tacita Capital
Ontario, Canada
$17.8K
FCA
1019
FinTrust Capital Advisors
South Carolina
$17.8K
VWM
1020
Venturi Wealth Management
Texas
$17.4K +$9.65K +145 +133%
RMC
1021
Resources Management Corp
Connecticut
$17K
LFA
1022
LGT Financial Advisors
Texas
$16.7K -$3.99K -60 -20%
NMM
1023
Naples Money Management
Florida
$16.3K -$3.33K -50 -17%
CFS
1024
CGC Financial Services
Oregon
$15.4K
CMBA
1025
C.M. Bidwell & Associates
Hawaii
$15.4K

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.