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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
WIA
1051
Wetzel Investment Advisors
Indiana
$6.72K
FSWA
1052
Financial Synergies Wealth Advisors
Texas
$6.35K +$5.86K +88 +1,760%
SFCL
1053
Strengthening Families & Communities LLC
Massachusetts
$6K
ZB
1054
Zions Bancorporation
Utah
$5.6K -$5.13K -77 -48%
GAG
1055
Goodman Advisory Group
Massachusetts
$5.6K +$5.46K +82 New
PP
1056
PFS Partners
New Jersey
$5.53K
MWA
1057
Moser Wealth Advisors
Washington
$5.12K
LI
1058
LRI Investments
Florida
$5.12K +$4.99K +75 New
VNA
1059
Valley National Advisers
Pennsylvania
$5K -$1.66K -25 -23%
AW
1060
Avion Wealth
Texas
$5K +$333 +5 +8%
WWP
1061
WR Wealth Planners
Missouri
$4.3K +$4.19K +63 New
DF
1062
Dunhill Financial
United Kingdom
$3.45K +$466 +7 +16%
JFA
1063
JNBA Financial Advisors
Minnesota
$3.42K
NECFA
1064
New England Capital Financial Advisors
Connecticut
$3.42K +$3.33K +50 New
ATC
1065
Adirondack Trust Company
New York
$3.42K
MA
1066
MCF Advisors
Kentucky
$3.07K
SIS
1067
Sound Income Strategies
Florida
$3.07K
DPW
1068
DiNuzzo Private Wealth
Pennsylvania
$3.01K
CSB
1069
City State Bank
Iowa
$3K
GA
1070
GoalVest Advisory
New York
$2.66K +$2.6K +39 New
W
1071
WealthCollab
Washington
$2.39K
VWA
1072
Valued Wealth Advisors
Utah
$2.32K +$1.93K +29 +580%
SIC
1073
SJS Investment Consulting
Ohio
$2.25K
S
1074
Sachetta
Massachusetts
$2.23K
FRA
1075
Frank Rimerman Advisors
California
$2.05K

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.