Fortinet
FTNT
1,069 hedge funds and large institutions have $30.5B invested in Fortinet in 2024 Q2 according to their latest regulatory filings, with 105 funds opening new positions, 433 increasing their positions, 385 reducing their positions, and 131 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 433 | Existing positions reduced: 385
1.27% more ownership
Funds ownership: 65.03% → 66.29% (+1.3%)
4% less funds holding
Funds holding: 1,109 → 1,069 (-40)
8% less funds holding in top 10
Funds holding in top 10: 12 → 11 (-1)
10% less capital invested
Capital invested by funds: $33.9B → $30.5B (-$3.33B)
11% less call options, than puts
Call options by funds: $396M | Put options by funds: $447M
20% less first-time investments, than exits
New positions opened: 105 | Existing positions closed: 131
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Swedbank
Stockholm,
Sweden
|
+$507M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$258M |
| 3 |
Barclays
London,
United Kingdom
|
+$198M |
| 4 |
Two Sigma Advisers
New York
|
+$188M |
| 5 |
VanEck Associates
New York
|
+$174M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$789M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$382M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$187M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$151M |
| 5 |
Holocene Advisors
New York
|
-$109M |
FTNT Hedge Fund Activity: Q2 2024 in Review
1,069 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q2 2024, worth a combined $30.5B — down 9.8% from $33.9B a quarter earlier.
Sellers outnumbered buyers: 131 funds closed out of FTNT and 105 opened new positions — a net loss of 26 holders — while 385 trimmed existing stakes and 433 added.
The largest buyer was Swedbank, opening a new position worth an estimated $507M. The largest seller was AllianceBernstein, cutting an estimated $789M.
- 1,069 institutional investors held Fortinet (FTNT) as of Q2 2024, down from 1,109 in Q1 2024.
- Funds reported $30.5B of Fortinet stock for Q2 2024, down 9.8% quarter-over-quarter.
- 105 funds opened new Fortinet positions in Q2 2024 and 131 closed out, a net change of -26 holders.
- The largest Fortinet buyer in Q2 2024 was Swedbank, an estimated $507M added.
- The largest Fortinet seller in Q2 2024 was AllianceBernstein, an estimated $789M sold.
Based on aggregated 13F filings for Q2 2024.