Fortinet
FTNT
377 hedge funds and large institutions have $4.62B invested in Fortinet in 2016 Q3 according to their latest regulatory filings, with 48 funds opening new positions, 124 increasing their positions, 141 reducing their positions, and 37 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
30% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 37
19% more capital invested
Capital invested by funds: $3.9B → $4.62B (+$724M)
17% more call options, than puts
Call options by funds: $29.5M | Put options by funds: $25.2M
2% more funds holding
Funds holding: 368 → 377 (+9)
12% less repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 141
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$116M |
| 2 |
EC
Eminence Capital
New York
|
+$73.9M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$30.5M |
| 4 |
Millennium Management
New York
|
+$28.1M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Elliott Management
New York
|
-$80.2M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$60M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$44.6M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$30.4M |
| 5 |
Morgan Stanley
New York
|
-$21M |
FTNT Hedge Fund Activity: Q3 2016 in Review
377 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2016, worth a combined $4.62B — up 19% from $3.9B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new FTNT positions and 37 closed out — a net gain of 11 holders — while 124 added to existing stakes and 141 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $116M. The largest seller was Elliott Management, cutting an estimated $80.2M.
- 377 institutional investors held Fortinet (FTNT) as of Q3 2016, up from 368 in Q2 2016.
- Funds reported $4.62B of Fortinet stock for Q3 2016, up 19% quarter-over-quarter.
- 48 funds opened new Fortinet positions in Q3 2016 and 37 closed out, a net change of +11 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.