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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
HIA
1026
Harbor Investment Advisory
Maryland
$3.05K
CSB
1027
City State Bank
Iowa
$3K
TSW
1028
Thompson Siegel & Walmsley
Virginia
$3K
AW
1029
Avion Wealth
Texas
$3K +$3.84K +58 New
JFA
1030
JNBA Financial Advisors
Minnesota
$2.93K
FP
1031
Financial Perspectives
Minnesota
$2.88K +$3.24K +49 New
MA
1032
MCF Advisors
Kentucky
$2.64K
SIS
1033
Sound Income Strategies
Florida
$2.64K
AWA
1034
Authentikos Wealth Advisory
California
$2.46K +$2.78K +42 New
LF
1035
Lee Financial
Texas
$2.35K
VAG
1036
VisionPoint Advisory Group
Texas
$2.35K +$2.38K +36 +900%
Kayne Anderson Rudnick Investment Management
1037
Kayne Anderson Rudnick Investment Management
California
$2.29K
RWPA
1038
Richard W. Paul & Associates
Michigan
$2.23K -$351K -5,302 -99%
1832 Asset Management
1039
1832 Asset Management
Ontario, Canada
$2.17K -$1.32K -20 -35%
NSIM
1040
North Star Investment Management
Illinois
$2.05K
BHWM
1041
Bay Harbor Wealth Management
Maryland
$1.94K -$70.8K -1,069 -97%
TWP
1042
TFO Wealth Partners
Ohio
$1.89K +$1.59K +24 +2,400%
SIC
1043
SJS Investment Consulting
Ohio
$1.82K +$66 +1 +3%
AAP
1044
Arax Advisory Partners
Colorado
$1.82K +$397 +6 +24%
TIM
1045
Tortoise Investment Management
New York
$1.76K
GWSA
1046
Global Wealth Strategies & Associates
Colorado
$1.29K
CHA
1047
Carmichael Hill & Associates
Maryland
$1.23K
MIM
1048
Macroview Investment Management
Maryland
$1.17K -$13.3K -201 -91%
CWM
1049
CarsonAllaria Wealth Management
Illinois
$1.17K
WPA
1050
West Paces Advisors
Georgia
$1.06K

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.