Fortinet
FTNT
387 hedge funds and large institutions have $4.86B invested in Fortinet in 2017 Q1 according to their latest regulatory filings, with 76 funds opening new positions, 138 increasing their positions, 132 reducing their positions, and 42 closing their positions.
81% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 42
70% more call options, than puts
Call options by funds: $36.4M | Put options by funds: $21.4M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
29% more capital invested
Capital invested by funds: $3.77B → $4.86B (+$1.09B)
7% more funds holding
Funds holding: 363 → 387 (+24)
5% more repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 132
0.47% more ownership
Funds ownership: 360.99% → 361.45% (+0.47%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$460M |
| 2 |
SV
Starboard Value
New York
|
+$148M |
| 3 |
ClearBridge Investments
New York
|
+$64.8M |
| 4 |
Renaissance Technologies
New York
|
+$41.6M |
| 5 |
Two Sigma Advisers
New York
|
+$31.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
-$94.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$92.2M |
| 3 |
Barclays
London,
United Kingdom
|
-$61.5M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$55.3M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$21.4M |
FTNT Hedge Fund Activity: Q1 2017 in Review
387 of the 4,034 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q1 2017, worth a combined $4.86B — up 29% from $3.77B a quarter earlier.
Buyers outnumbered sellers: 76 funds opened new FTNT positions and 42 closed out — a net gain of 34 holders — while 138 added to existing stakes and 132 trimmed.
The largest buyer was BlackRock, adding an estimated $460M. The largest seller was Eminence Capital, exiting entirely with an estimated $94.2M sold.
- 387 institutional investors held Fortinet (FTNT) as of Q1 2017, up from 363 in Q4 2016.
- Funds reported $4.86B of Fortinet stock for Q1 2017, up 29% quarter-over-quarter.
- 76 funds opened new Fortinet positions in Q1 2017 and 42 closed out, a net change of +34 holders.
- The largest Fortinet buyer in Q1 2017 was BlackRock, an estimated $460M added.
- The largest Fortinet seller in Q1 2017 was Eminence Capital, an estimated $94.2M sold.
Based on aggregated 13F filings for Q1 2017.