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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
SRS Investment Management
New York
|
+$54.4M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$48.8M |
| 3 |
ClearBridge Investments
New York
|
+$22.8M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$17.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$16.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Maverick Capital
Dallas,
Texas
|
-$79.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$74.5M |
| 3 |
Westfield Capital Management
Boston,
Massachusetts
|
-$55.6M |
| 4 |
EC
Eminence Capital
New York
|
-$29.3M |
| 5 |
SCM
Sigma Capital Management
Stamford,
Connecticut
|
-$21.4M |
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.