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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
EWP
1026
Elevation Wealth Partners
California
$15.4K
NL
1027
NVWM LLC
Pennsylvania
$15.1K -$1.32M -19,889 -99%
GKIM
1028
GW&K Investment Management
Massachusetts
$15K -$2.66K -40 -15%
CT
1029
Clearstead Trust
Maine
$14.7K -$2K -30 -12%
JPWM
1030
Jamison Private Wealth Management
Georgia
$14K
CP
1031
Castleview Partners
Texas
$12.6K
FFO
1032
Fortitude Family Office
Arizona
$12.4K
PWMG
1033
Private Wealth Management Group
New Jersey
$12.3K
PWMG
1034
Prestige Wealth Management Group
New Jersey
$12K -$1.13K -17 -9%
BWP
1035
Baldwin Wealth Partners
Massachusetts
$11.7K
1832 Asset Management
1036
1832 Asset Management
Ontario, Canada
$11.1K
AWM
1037
Abound Wealth Management
Tennessee
$10.6K +$2.13K +32 +26%
RCM
1038
Raleigh Capital Management
North Carolina
$9.9K -$9.32K -140 -49%
HIA
1039
Harbor Investment Advisory
Maryland
$9.36K +$5.66K +85 +163%
AIC
1040
Archer Investment Corporation
Indiana
$8.88K
PGAM
1041
Princeton Global Asset Management
New Jersey
$8.88K
TFM
1042
TFC Financial Management
Massachusetts
$8.81K +$200 +3 +2%
BAM
1043
Bellevue Asset Management
Washington
$8.54K
SA
1044
Scarborough Advisors
Maryland
$8.2K +$7.99K +120 New
ACA
1045
American Capital Advisory
Idaho
$7.98K
ACA
1046
Atlas Capital Advisors
Wyoming
$7.86K
DIP
1047
DT Investment Partners
Pennsylvania
$7.17K
AFWM
1048
Abich Financial Wealth Management
Virginia
$7.1K -$7.52K -113 -52%
MAWCM
1049
Mine & Arao Wealth Creation & Management
California
$6.83K
GEA
1050
Glen Eagle Advisors
New Jersey
$6.83K +$6.66K +100 New

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.