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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
WEG
1126
World Equity Group
Illinois
-$590K -7,800 Closed
RC
1127
Rovin Capital
Arizona
-$574K -7,591 Closed
JSC
1128
Jackson Square Capital
California
-$531K -7,029 Closed
VAS
1129
Vestmark Advisory Solutions
Massachusetts
-$496K -6,559 Closed
SSWM
1130
Sheets Smith Wealth Management
North Carolina
-$482K -6,374 Closed
PTC
1131
Petrus Trust Company
Texas
-$453K -5,992 Closed
HMS
1132
Hanseatic Management Services
New Mexico
-$451K -5,966 Closed
WG
1133
Winton Group
United Kingdom
-$443K -5,857 Closed
CCWM
1134
Cassaday & Co Wealth Management
Virginia
-$431K -5,700 Closed
CCIA
1135
Campbell & Co Investment Adviser
Maryland
-$425K -5,628 Closed
UH
1136
Unigestion Holding
Switzerland
-$400K -5,327 Closed
BCA
1137
Bay Colony Advisors
Massachusetts
-$391K -5,169 Closed
IAM
1138
Innovis Asset Management
Illinois
-$369K -4,875 Closed
OWM
1139
OneAscent Wealth Management
Alabama
-$366K -4,839 Closed
OFS
1140
OneAscent Financial Services
Alabama
-$355K -4,703 Closed
PI
1141
PFG Investments
New York
-$355K -4,692 Closed
PSP
1142
Principal Street Partners
Tennessee
-$347K -4,586 Closed
CIA
1143
Capital Investment Advisors
Georgia
-$330K -4,366 Closed
QT
1144
Quantamental Technologies
New York
-$328K -4,337 Closed
CF
1145
Centaurus Financial
California
-$326K -4,308 Closed
LNC
1146
Lincoln National Corp
Pennsylvania
-$301K -3,985 Closed
ISWM
1147
Independent Solutions Wealth Management
New York
-$293K -3,878 Closed
SC
1148
Shay Capital
New York
-$285K -3,764 Closed
DWT
1149
Dorsey & Whitney Trust
South Dakota
-$281K -3,714 Closed
MA
1150
Mutual Advisors
Nebraska
-$279K -3,695 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.