Fortinet
FTNT
362 hedge funds and large institutions have $3.76B invested in Fortinet in 2016 Q4 according to their latest regulatory filings, with 66 funds opening new positions, 127 increasing their positions, 120 reducing their positions, and 71 closing their positions.
360.72% more ownership
Funds ownership: 0% → 360.72% (+361%)
147% more call options, than puts
Call options by funds: $222M | Put options by funds: $89.6M
6% more repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 120
7% less first-time investments, than exits
New positions opened: 66 | Existing positions closed: 71
3% less funds holding
Funds holding: 375 → 362 (-13)
18% less capital invested
Capital invested by funds: $4.59B → $3.76B (-$827M)
57% less funds holding in top 10
Funds holding in top 10: 7 → 3 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hound Partners
New York
|
+$180M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$137M |
| 3 |
Barclays
London,
United Kingdom
|
+$58.9M |
| 4 |
Renaissance Technologies
New York
|
+$42.4M |
| 5 |
ClearBridge Investments
New York
|
+$36.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$125M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$100M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$90.1M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$89.7M |
| 5 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$73.5M |
FTNT Hedge Fund Activity: Q4 2016 in Review
362 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q4 2016, worth a combined $3.76B — down 18% from $4.59B a quarter earlier.
Sellers outnumbered buyers: 71 funds closed out of FTNT and 66 opened new positions — a net loss of 5 holders — while 120 trimmed existing stakes and 127 added.
The largest buyer was Hound Partners, opening a new position worth an estimated $180M. The largest seller was Nomura Holdings, cutting an estimated $125M.
- 362 institutional investors held Fortinet (FTNT) as of Q4 2016, down from 375 in Q3 2016.
- Funds reported $3.76B of Fortinet stock for Q4 2016, down 18% quarter-over-quarter.
- 66 funds opened new Fortinet positions in Q4 2016 and 71 closed out, a net change of -5 holders.
- The largest Fortinet buyer in Q4 2016 was Hound Partners, an estimated $180M added.
- The largest Fortinet seller in Q4 2016 was Nomura Holdings, an estimated $125M sold.
Based on aggregated 13F filings for Q4 2016.