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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
IB
1151
Intrust Bank
Kansas
-$266K -3,519 Closed
FNBOH
1152
First National Bank of Hutchinson
Kansas
-$265K -3,500 Closed
WW
1153
Westshore Wealth
California
-$265K -3,500 Closed
SAG
1154
SageView Advisory Group
California
-$264K -3,498 Closed
AWG
1155
Altus Wealth Group
Colorado
-$257K -3,403 Closed
DBT
1156
Dubuque Bank & Trust
Iowa
-$256K -3,388 Closed
NC
1157
NinePointTwo Capital
California
-$253K -3,358 Closed
VFA
1158
Voya Financial Advisors
Connecticut
-$252K -3,358 Closed
JSW
1159
Journey Strategic Wealth
New Jersey
-$251K -3,317 Closed
EWM
1160
Elevatus Welath Management
New York
-$250K -3,305 Closed
APW
1161
Austin Private Wealth
Texas
-$245K -3,243 Closed
WB
1162
West Bancorporation
Iowa
-$242K -3,208 Closed
BW
1163
BIP Wealth
Georgia
-$240K -3,170 Closed
PCH
1164
PGIM Custom Harvest
New Jersey
-$239K -3,163 Closed
TCBWMS
1165
Texas Capital Bank Wealth Management Services
Texas
-$238K -3,155 Closed
IIM
1166
Ipswich Investment Management
Massachusetts
-$238K -3,150 Closed
FMWA
1167
Forvis Mazars Wealth Advisors
Missouri
-$238K -3,146 Closed
OCM
1168
One Capital Management
California
-$236K -3,120 Closed
NCM
1169
Noesis Capital Mangement
Florida
-$235K -3,105 Closed
SLG
1170
Stanley-Laman Group
Pennsylvania
-$235K -3,105 Closed
AAIS
1171
ABN AMRO Investment Solutions
-$233K -3,080 Closed
NP
1172
NorthRock Partners
Minnesota
-$233K -3,078 Closed
PP
1173
PDS Planning
Ohio
-$232K -3,070 Closed
BWM
1174
Buckley Wealth Management
Nevada
-$231K -3,054 Closed
HPIA
1175
Hamilton Point Investment Advisors
North Carolina
-$228K -3,020 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.