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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
HH
1176
Hilltop Holdings
Texas
-$228K -3,019 Closed
BWP
1177
Balboa Wealth Partners
Arizona
-$227K -3,003 Closed
SF
1178
Summit Financial
New Jersey
-$225K -2,971 Closed
KWM
1179
Kolinsky Wealth Management
New Jersey
-$221K -2,942 Closed
GL
1180
Graypoint LLC
New York
-$220K -2,908 Closed
CB
1181
Cadence Bank
Mississippi
-$220K -2,905 Closed
WSTAM
1182
Wilbanks Smith & Thomas Asset Management
Virginia
-$219K -2,902 Closed
IF
1183
IRON Financial
Illinois
-$214K -2,832 Closed
DJYG
1184
David J. Yvars Group
Florida
-$212K -2,810 Closed
GWANC
1185
Guardian Wealth Advisors (North Carolina)
North Carolina
-$211K -2,791 Closed
BTWM
1186
Baker Tilly Wealth Management
Wisconsin
-$210K -2,775 Closed
SWM
1187
SeaCrest Wealth Management
New York
-$207K -2,744 Closed
GAM
1188
Garrison Asset Management
Arkansas
-$205K -2,706 Closed
VWA
1189
V Wealth Advisors
Kansas
-$204K -2,696 Closed
BWP
1190
BSW Wealth Partners
Colorado
-$203K -2,683 Closed
M
1191
Mirova
France
-$203K -2,681 Closed
JCM
1192
Jacobi Capital Management
Pennsylvania
-$200K -2,649 Closed
PTP
1193
Platform Technology Partners
New York
-$204K -2,600 Closed
KI
1194
Kapitalo Investimentos
Brazil
-$164K -2,171 Closed
PO
1195
Private Ocean
California
-$146K -1,930 Closed
TFP
1196
Tilia Fiduciary Partners
North Carolina
-$83.5K -1,105 Closed
CFO
1197
CVA Family Office
Colorado
-$57.6K -762 Closed
WTG
1198
West Tower Group
Virginia
-$40.5K -536 Closed
RBC
1199
Roble Belko & Company
Pennsylvania
-$31K -415 Closed
AS
1200
Altshuler Shaham
Israel
-$31.3K -414 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.