Fortinet
FTNT
425 hedge funds and large institutions have $6.31B invested in Fortinet in 2018 Q1 according to their latest regulatory filings, with 88 funds opening new positions, 125 increasing their positions, 148 reducing their positions, and 54 closing their positions.
63% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 54
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
38% more call options, than puts
Call options by funds: $43M | Put options by funds: $31.1M
25% more capital invested
Capital invested by funds: $5.06B → $6.31B (+$1.25B)
17.73% more ownership
Funds ownership: 332.96% → 350.69% (+18%)
6% more funds holding
Funds holding: 400 → 425 (+25)
16% less repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 148
Top Buyers
| 1 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
+$133M |
| 2 |
Bank of New York Mellon
New York
|
+$111M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$52.3M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$50.4M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$36.5M |
Top Sellers
| 1 |
SV
Starboard Value
New York
|
-$154M |
| 2 |
HP
Hound Partners
New York
|
-$80.8M |
| 3 |
GTP
Global Thematic Partners
New York
|
-$60.3M |
| 4 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$57.2M |
| 5 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
-$34.6M |
FTNT Hedge Fund Activity: Q1 2018 in Review
425 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q1 2018, worth a combined $6.31B — up 25% from $5.06B a quarter earlier.
Buyers outnumbered sellers: 88 funds opened new FTNT positions and 54 closed out — a net gain of 34 holders — while 125 added to existing stakes and 148 trimmed.
The largest buyer was Blue Harbour Group, opening a new position worth an estimated $133M. The largest seller was Starboard Value, exiting entirely with an estimated $154M sold.
- 425 institutional investors held Fortinet (FTNT) as of Q1 2018, up from 400 in Q4 2017.
- Funds reported $6.31B of Fortinet stock for Q1 2018, up 25% quarter-over-quarter.
- 88 funds opened new Fortinet positions in Q1 2018 and 54 closed out, a net change of +34 holders.
- The largest Fortinet buyer in Q1 2018 was Blue Harbour Group, an estimated $133M added.
- The largest Fortinet seller in Q1 2018 was Starboard Value, an estimated $154M sold.
Based on aggregated 13F filings for Q1 2018.