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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
CA
1051
Centerpoint Advisors
Massachusetts
$1K
FMP
1052
Financial Management Professionals
Texas
$1K
BONH
1053
Bank of New Hampshire
New Hampshire
$880
NMG
1054
New Millennium Group
Utah
$880
AP
1055
Arlington Partners
Alabama
$822
AT
1056
Arlington Trust
Alabama
$822 +$927 +14 New
DWA
1057
Delos Wealth Advisors
Texas
$603
BCH
1058
Berkshire Capital Holdings
California
$587
TWD
1059
True Wealth Design
Ohio
$587
UFF
1060
USA Financial Formulas
Michigan
$587
ECM
1061
Everence Capital Management
Indiana
$533 +$602K +9,090 New
PCTC
1062
Perkins Coie Trust Company
Washington
$352 +$397 +6 New
CTWM
1063
Cherry Tree Wealth Management
Minnesota
$294
LWANC
1064
Laurel Wealth Advisors (North Carolina)
North Carolina
$294
DFA
1065
DHJJ Financial Advisors
Illinois
$294 +$331 +5 New
WA
1066
WestEnd Advisors
North Carolina
$235 +$265 +4 New
M
1067
MOTCO
Texas
$176 -$331 -5 -63%
CPG
1068
Cornerstone Planning Group
New Jersey
$59 +$66 +1 New
FGAM
1069
Financial Gravity Asset Management
Texas
$3 -$5.03K -76 Closed
AIM
1070
Alphinity Investment Management
Australia
-$252M -3,328,523 Closed
Holocene Advisors
1071
Holocene Advisors
New York
-$83.1M -1,099,272 Closed
ACM
1072
Anomaly Capital Management
New York
-$82.9M -1,096,915 Closed
WorldQuant Millennium Advisors
1073
WorldQuant Millennium Advisors
New York
-$65M -860,520 Closed
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
1074
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
-$38.3M -507,000 Closed
CPC
1075
Cookson Peirce & Co
Pennsylvania
-$38.2M -505,843 Closed

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.