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Fortinet
FTNT

375 hedge funds and large institutions have $4.59B invested in Fortinet in 2016 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 124 increasing their positions, 140 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more funds holding in top 10

Funds holding in top 10: 5 → 7 (+2)

26% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 38

18% more capital invested

Capital invested by funds: $3.9B → $4.59B (+$696M)

17% more call options, than puts

Call options by funds: $29.5M | Put options by funds: $25.2M

2% more funds holding

Funds holding: 367 → 375 (+8)

11% less repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 140

Holders
375
Holders Change
+8
Holders Change %
+2.18%
% of All Funds
10.01%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.19%
New
48
Increased
124
Reduced
140
Closed
38
Calls
$29.5M
Puts
$25.2M
Net Calls
+$4.38M
Net Calls Change
-$9.89M

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$116M
2
EC
Eminence Capital
New York
+$73.9M
3
Ameriprise
Ameriprise
Minnesota
+$30.5M
4
Millennium Management
Millennium Management
New York
+$28.1M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$26M

Top Sellers

1
EM
Elliott Management
New York
-$80.2M
2
Nomura Holdings
Nomura Holdings
Japan
-$60M
3
CS
Credit Suisse
Switzerland
-$44.6M
4
Wells Fargo
Wells Fargo
California
-$30.4M
5
Morgan Stanley
Morgan Stanley
New York
-$21M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
126
Royal Bank of Canada
Ontario, Canada
$2.78M -$210K -30,115 -7%
GI
127
GAMCO Investors
Connecticut
$2.75M -$34.9K -5,000 -1%
SCM
128
Stevens Capital Management
Pennsylvania
$2.7M -$4.65M -665,270 -65%
AP
129
AHL Partners
United Kingdom
$2.57M +$1.43M +204,860 +144%
MSA
130
Mason Street Advisors
Wisconsin
$2.51M +$47.9K +6,850 +2%
MERSOM
131
Municipal Employees' Retirement System of Michigan
Michigan
$2.42M +$32.1K +4,600 +1%
ASRS
132
Arizona State Retirement System
Arizona
$2.41M +$10.5K +1,500 +0.5%
LMGAM
133
Liberty Mutual Group Asset Management
Massachusetts
$2.35M +$14.3K +2,050 +0.6%
FWM
134
Frontier Wealth Management
Missouri
$2.28M +$154K +22,000 +8%
PI
135
Putnam Investments
Massachusetts
$2.26M +$2.14M +306,150 New
ACI
136
AMP Capital Investors
Australia
$2.22M -$1.93M -275,820 -47%
SEI Investments
137
SEI Investments
Pennsylvania
$2.19M +$558K +79,840 +37%
SOMRS
138
State of Michigan Retirement System
Michigan
$2.18M +$17.5K +2,500 +0.9%
AAF
139
Andra AP-fonden
Sweden
$2.08M +$83.9K +12,000 +4%
Capital Fund Management (CFM)
140
Capital Fund Management (CFM)
France
$2.08M -$1.96M -280,750 -50%
N
141
Nuveen
North Carolina
$2.05M – – –
Barclays
142
Barclays
United Kingdom
$2.05M -$2.71M -388,320 -58%
Bank of Montreal
143
Bank of Montreal
Ontario, Canada
$1.97M -$370K -52,955 -17%
OPERF
144
Oregon Public Employees Retirement Fund
Oregon
$1.87M +$21.2K +3,030 +1%
TBA
145
Train Babcock Advisors
New York
$1.73M -$806K -115,390 -33%
VKH
146
Virtu KCG Holdings
New York
$1.69M -$686K -98,110 -30%
CSS
147
Cubist Systematic Strategies
Connecticut
$1.66M -$1.34M -192,245 -46%
AIP
148
Ameritas Investment Partners
Nebraska
$1.64M +$749K +107,250 +93%
GIBU
149
Gulf International Bank (UK)
United Kingdom
$1.64M – – –
OA
150
Oak Associates
Ohio
$1.63M – – –
4 5
6
7 8

FTNT Hedge Fund Activity: Q3 2016 in Review

375 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2016, worth a combined $4.59B — up 18% from $3.9B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new FTNT positions and 38 closed out — a net gain of 10 holders — while 124 added to existing stakes and 140 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $116M. The largest seller was Elliott Management, cutting an estimated $80.2M.

  • 375 institutional investors held Fortinet (FTNT) as of Q3 2016, up from 367 in Q2 2016.
  • Funds reported $4.59B of Fortinet stock for Q3 2016, up 18% quarter-over-quarter.
  • 48 funds opened new Fortinet positions in Q3 2016 and 38 closed out, a net change of +10 holders.
  • The largest Fortinet buyer in Q3 2016 was Citadel Advisors, an estimated $116M added.
  • The largest Fortinet seller in Q3 2016 was Elliott Management, an estimated $80.2M sold.

Based on aggregated 13F filings for Q3 2016.