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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
CP
1101
Cumberland Partners
Ontario, Canada
-$2.2M -29,100 Closed
BFA
1102
Brendel Financial Advisors
New Hampshire
-$1.97M -26,011 Closed
RL
1103
Retireful LLC
Michigan
-$1.84M -24,320 Closed
TWM
1104
TriaGen Wealth Management
California
-$1.83M -24,145 Closed
HVM
1105
Harvest Volatility Management
Connecticut
-$1.82M -24,123 Closed
CD
1106
Chapin Davis
Maryland
-$1.63M -21,533 Closed
EWA
1107
EP Wealth Advisors
California
-$201K -20,460 Closed
BBA
1108
Baader Bank Aktiengesellschaft
Germany
-$1.5M -19,905 Closed
V
1109
Veritable
Delaware
-$1.37M -18,096 Closed
DSCM
1110
Del-Sette Capital Management
New York
-$1.21M -15,958 Closed
ADIM
1111
Alpha DNA Investment Management
Maryland
-$1.19M -15,683 Closed
ACM
1112
AlphaStar Capital Management
North Carolina
-$1.17M -15,432 Closed
CL
1113
CIM LLC
New York
-$1.13M -14,890 Closed
ESCM
1114
Echo Street Capital Management
New York
-$1.01M -13,391 Closed
QPBE
1115
Quintet Private Bank (Europe)
Luxembourg
-$957K -12,812 Closed
QT
1116
Quantbot Technologies
New York
-$960K -12,698 Closed
M1FG
1117
Mach-1 Financial Group
Arkansas
-$927K -12,269 Closed
ONGA
1118
O'Neil Global Advisors
California
-$847K -11,200 Closed
CANY
1119
Caxton Associates (New York)
New York
-$819K -10,831 Closed
SFS
1120
Sowell Financial Services
Arkansas
-$801K -10,591 Closed
CCM
1121
Crew Capital Management
Ohio
-$742K -9,811 Closed
APC
1122
Aspire Private Capital
North Carolina
-$692K -9,158 Closed
DCM
1123
Dupont Capital Management
Delaware
-$673K -8,908 Closed
RC
1124
Roundview Capital
New Jersey
-$650K -8,603 Closed
FMAEN1
1125
Fund Management at Engine No 1
California
-$641K -8,486 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.