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Fortinet
FTNT

235 hedge funds and large institutions have $2.36B invested in Fortinet in 2013 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 89 increasing their positions, 72 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more call options, than puts

Call options by funds: $50.6M | Put options by funds: $27.9M

60% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 30

24% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 72

15% more capital invested

Capital invested by funds: $2.04B → $2.36B (+$314M)

6% more funds holding

Funds holding: 221 → 235 (+14)

Holders
235
Holders Change
+14
Holders Change %
+6.33%
% of All Funds
7.62%
Holding in Top 10
3
Holding in Top 10 Change
+3
Holding in Top 10 Change %
% of All Funds
0.1%
New
48
Increased
89
Reduced
72
Closed
30
Calls
$50.6M
Puts
$27.9M
Net Calls
+$22.8M
Net Calls Change
-$11.4M

Top Buyers

Rank Fund Capital Flow
1
SIM
SRS Investment Management
New York
+$54.4M
2
Ameriprise
Ameriprise
Minnesota
+$48.8M
3
ClearBridge Investments
ClearBridge Investments
New York
+$22.8M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$17.2M
5
Citadel Advisors
Citadel Advisors
Florida
+$16.3M

Top Sellers

Rank Fund Capital Flow
1
MC
Maverick Capital
Texas
-$79.5M
2
Wells Fargo
Wells Fargo
California
-$74.5M
3
Westfield Capital Management
Westfield Capital Management
Massachusetts
-$55.6M
4
EC
Eminence Capital
New York
-$29.3M
5
SCM
Sigma Capital Management
Connecticut
-$21.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
PTC
101
Peak Ten Capital
New York
$2.66M +$227K +55,985 +9%
RhumbLine Advisers
102
RhumbLine Advisers
Massachusetts
$2.54M -$59.7K -14,745 -2%
GE
103
General Electric
Ohio
$2.49M +$410K +101,240 +20%
ACM
104
Argent Capital Management
Missouri
$2.47M – – –
EWM
105
Evercore Wealth Management
New York
$2.45M -$254K -62,750 -9%
DCM
106
Decatur Capital Management
Georgia
$2.35M +$1.52M +374,500 +181%
1832 Asset Management
107
1832 Asset Management
Ontario, Canada
$2.34M -$296K -73,000 -11%
Swiss National Bank
108
Swiss National Bank
Switzerland
$2.33M -$126K -31,000 -5%
OCAM
109
Onex Canada Asset Management
Ontario, Canada
$2.26M +$2.26M +557,500 New
PCP
110
Perimeter Capital Partners
Georgia
$2.25M -$650K -160,475 -22%
JG
111
Jefferies Group
New York
$2.24M +$2.23M +551,975 New
Deutsche Bank
112
Deutsche Bank
Germany
$2.1M -$3.18M -785,850 -60%
State of Wisconsin Investment Board
113
State of Wisconsin Investment Board
Wisconsin
$2.02M -$156K -38,650 -7%
HI
114
HBK Investments
Texas
$1.95M -$502K -123,960 -20%
RIM
115
RS Investment Management
California
$1.91M +$994K +245,500 +108%
CI Investments Inc
116
CI Investments Inc
Ontario, Canada
$1.82M +$502K +124,000 +38%
NCMG
117
NCM Capital Management Group
North Carolina
$1.79M +$516K +127,500 +40%
Nomura Holdings
118
Nomura Holdings
Japan
$1.73M +$601K +148,350 +53%
Royal Bank of Canada
119
Royal Bank of Canada
Ontario, Canada
$1.65M +$1.12M +276,510 +211%
HCM
120
Highbridge Capital Management
New York
$1.63M -$1.08M -266,250 -40%
Adage Capital Partners
121
Adage Capital Partners
Massachusetts
$1.62M +$1.62M +400,000 New
GC
122
Guggenheim Capital
Illinois
$1.6M +$1.59M +392,515 New
FWC
123
First Washington Corp
Washington
$1.59M +$9.11K +2,250 +0.6%
BNP Paribas Financial Markets
124
BNP Paribas Financial Markets
France
$1.52M +$1.52M +375,000 New
NCA
125
NCM Capital Advisers
North Carolina
$1.5M +$386K +95,250 +35%
3 4
5
6 7

FTNT Hedge Fund Activity: Q3 2013 in Review

235 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2013, worth a combined $2.36B — up 15% from $2.04B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new FTNT positions and 30 closed out — a net gain of 18 holders — while 89 added to existing stakes and 72 trimmed.

The largest buyer was SRS Investment Management, adding an estimated $54.4M. The largest seller was Maverick Capital, cutting an estimated $79.5M.

  • 235 institutional investors held Fortinet (FTNT) as of Q3 2013, up from 221 in Q2 2013.
  • Funds reported $2.36B of Fortinet stock for Q3 2013, up 15% quarter-over-quarter.
  • 48 funds opened new Fortinet positions in Q3 2013 and 30 closed out, a net change of +18 holders.
  • The largest Fortinet buyer in Q3 2013 was SRS Investment Management, an estimated $54.4M added.
  • The largest Fortinet seller in Q3 2013 was Maverick Capital, an estimated $79.5M sold.

Based on aggregated 13F filings for Q3 2013.