Fortinet
FTNT
702 hedge funds and large institutions have $15.6B invested in Fortinet in 2020 Q2 according to their latest regulatory filings, with 149 funds opening new positions, 219 increasing their positions, 255 reducing their positions, and 35 closing their positions.
326% more first-time investments, than exits
New positions opened: 149 | Existing positions closed: 35
30% more capital invested
Capital invested by funds: $12B → $15.6B (+$3.62B)
19% more funds holding
Funds holding: 592 → 702 (+110)
8.2% more ownership
Funds ownership: 343.46% → 351.66% (+8.2%)
7% more funds holding in top 10
Funds holding in top 10: 14 → 15 (+1)
4% more call options, than puts
Call options by funds: $133M | Put options by funds: $128M
14% less repeat investments, than reductions
Existing positions increased: 219 | Existing positions reduced: 255
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$221M |
| 2 |
CAM
Congress Asset Management
Boston,
Massachusetts
|
+$86.6M |
| 3 |
Two Sigma Investments
New York
|
+$69.2M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
+$55.3M |
| 5 |
Two Sigma Advisers
New York
|
+$49.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$145M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$101M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$90.8M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$86.7M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$65.9M |
FTNT Hedge Fund Activity: Q2 2020 in Review
702 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q2 2020, worth a combined $15.6B — up 30% from $12B a quarter earlier.
Buyers outnumbered sellers: 149 funds opened new FTNT positions and 35 closed out — a net gain of 114 holders — while 219 added to existing stakes and 255 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $221M. The largest seller was Vanguard Group, cutting an estimated $145M.
- 702 institutional investors held Fortinet (FTNT) as of Q2 2020, up from 592 in Q1 2020.
- Funds reported $15.6B of Fortinet stock for Q2 2020, up 30% quarter-over-quarter.
- 149 funds opened new Fortinet positions in Q2 2020 and 35 closed out, a net change of +114 holders.
- The largest Fortinet buyer in Q2 2020 was Fidelity Investments, an estimated $221M added.
- The largest Fortinet seller in Q2 2020 was Vanguard Group, an estimated $145M sold.
Based on aggregated 13F filings for Q2 2020.