Fortinet
FTNT
1,353 hedge funds and large institutions have $49.7B invested in Fortinet in 2025 Q1 according to their latest regulatory filings, with 179 funds opening new positions, 540 increasing their positions, 450 reducing their positions, and 100 closing their positions.
79% more first-time investments, than exits
New positions opened: 179 | Existing positions closed: 100
35% more call options, than puts
Call options by funds: $828M | Put options by funds: $613M
20% more repeat investments, than reductions
Existing positions increased: 540 | Existing positions reduced: 450
5% more funds holding
Funds holding: 1,292 → 1,353 (+61)
3% more capital invested
Capital invested by funds: $48.4B → $49.7B (+$1.34B)
0.46% more ownership
Funds ownership: 66.79% → 67.25% (+0.46%)
13% less funds holding in top 10
Funds holding in top 10: 30 → 26 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$418M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$360M |
| 3 |
DZ Bank
Frankfurt Am Main,
Germany
|
+$253M |
| 4 |
BlackRock
New York
|
+$201M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$176M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$638M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$351M |
| 3 |
D.E. Shaw & Co
New York
|
-$182M |
| 4 |
Mitsubishi UFJ Trust & Banking
Tokyo,
Japan
|
-$150M |
| 5 |
Renaissance Technologies
New York
|
-$120M |
FTNT Hedge Fund Activity: Q1 2025 in Review
1,353 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q1 2025, worth a combined $49.7B — up 2.8% from $48.4B a quarter earlier.
Buyers outnumbered sellers: 179 funds opened new FTNT positions and 100 closed out — a net gain of 79 holders — while 540 added to existing stakes and 450 trimmed.
The largest buyer was Norges Bank, adding an estimated $418M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $638M.
- 1,353 institutional investors held Fortinet (FTNT) as of Q1 2025, up from 1,292 in Q4 2024.
- Funds reported $49.7B of Fortinet stock for Q1 2025, up 2.8% quarter-over-quarter.
- 179 funds opened new Fortinet positions in Q1 2025 and 100 closed out, a net change of +79 holders.
- The largest Fortinet buyer in Q1 2025 was Norges Bank, an estimated $418M added.
- The largest Fortinet seller in Q1 2025 was T. Rowe Price Investment Management, an estimated $638M sold.
Based on aggregated 13F filings for Q1 2025.