Fortinet
FTNT
275 hedge funds and large institutions have $2.95B invested in Fortinet in 2014 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 107 increasing their positions, 92 reducing their positions, and 21 closing their positions.
105% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 21
100% more funds holding in top 10
Funds holding in top 10: 4 → 8 (+4)
30% more call options, than puts
Call options by funds: $61.5M | Put options by funds: $47.1M
16% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 92
8% more funds holding
Funds holding: 255 → 275 (+20)
1% less capital invested
Capital invested by funds: $2.99B → $2.95B (-$37.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCI
Columbus Circle Investors
|
+$49.6M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$48.7M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
+$16.8M |
| 4 |
Bank of New York Mellon
New York
|
+$16.2M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$14.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Maverick Capital
Dallas,
Texas
|
-$81.5M |
| 2 |
MNA
Manning & Napier Advisors
Fairport,
New York
|
-$66.8M |
| 3 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
-$41.3M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$26M |
| 5 |
GH
GAM Holding
Zurich,
Switzerland
|
-$21.3M |
FTNT Hedge Fund Activity: Q3 2014 in Review
275 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2014, worth a combined $2.95B — down 1.3% from $2.99B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new FTNT positions and 21 closed out — a net gain of 22 holders — while 107 added to existing stakes and 92 trimmed.
The largest buyer was Columbus Circle Investors, opening a new position worth an estimated $49.6M. The largest seller was Maverick Capital, cutting an estimated $81.5M.
- 275 institutional investors held Fortinet (FTNT) as of Q3 2014, up from 255 in Q2 2014.
- Funds reported $2.95B of Fortinet stock for Q3 2014, down 1.3% quarter-over-quarter.
- 43 funds opened new Fortinet positions in Q3 2014 and 21 closed out, a net change of +22 holders.
- The largest Fortinet buyer in Q3 2014 was Columbus Circle Investors, an estimated $49.6M added.
- The largest Fortinet seller in Q3 2014 was Maverick Capital, an estimated $81.5M sold.
Based on aggregated 13F filings for Q3 2014.