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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
FGAM
1101
Financial Gravity Asset Management
Texas
$412 +$399 +6 New
CTWM
1102
Cherry Tree Wealth Management
Minnesota
$342
DFA
1103
DHJJ Financial Advisors
Illinois
$342
LWANC
1104
Laurel Wealth Advisors (North Carolina)
North Carolina
$342
SIM
1105
Studio Investment Management
Illinois
$342 +$333 +5 New
WA
1106
WestEnd Advisors
North Carolina
$273
OLVIG
1107
Oliver Lagore Vanvalin Investment Group
Michigan
$205 +$200 +3 New
TWP
1108
TFO Wealth Partners
Ohio
$68 -$333 -5 -83%
CPG
1109
Cornerstone Planning Group
New Jersey
$59
DWM
1110
Dogwood Wealth Management
Kansas
$5
Swedbank
1111
Swedbank
Sweden
-$462M -7,895,451 Closed
Fidelity International
1112
Fidelity International
Bermuda
-$82.9M -1,416,009 Closed
WP
1113
Woodline Partners
California
-$59.4M -1,014,630 Closed
AM
1114
Atreides Management
Massachusetts
-$55.9M -954,939 Closed
Alyeska Investment Group
1115
Alyeska Investment Group
Illinois
-$44M -751,931 Closed
EIP
1116
Epoch Investment Partners
New York
-$30.3M -517,014 Closed
CM
1117
Cercano Management
Washington
-$20M -341,133 Closed
HighTower Advisors
1118
HighTower Advisors
Illinois
-$19.9M -340,224 Closed
AWM
1119
AE Wealth Management
Kansas
-$18.4M -278,279 Closed
CANY
1120
Caxton Associates (New York)
New York
-$11.7M -200,000 Closed
GBWM
1121
Granite Bay Wealth Management
New Hampshire
-$7.61M -137,709 Closed
GCA
1122
Greenwood Capital Associates
South Carolina
-$6.57M -112,298 Closed
ACMH
1123
Andar Capital Management (HK)
Hong Kong
-$6.44M -110,000 Closed
PRC
1124
Pearl River Capital
Michigan
-$4.27M -72,947 Closed
QT
1125
Quantbot Technologies
New York
-$3.53M -60,344 Closed

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.