Fortinet
FTNT
374 hedge funds and large institutions have $4.42B invested in Fortinet in 2017 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 148 increasing their positions, 115 reducing their positions, and 44 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
29% more repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 115
1.3% more ownership
Funds ownership: 349.2% → 350.5% (+1.3%)
4% less capital invested
Capital invested by funds: $4.6B → $4.42B (-$183M)
7% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 44
2% less funds holding
Funds holding: 382 → 374 (-8)
81% less call options, than puts
Call options by funds: $27.2M | Put options by funds: $144M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hound Partners
New York
|
+$70M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$39.2M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
+$25.7M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$22.7M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$19.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$54.2M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$41.7M |
| 3 |
MWNA
Marshall Wace North America
New York
|
-$33.3M |
| 4 |
O
OppenheimerFunds
New York
|
-$25.4M |
| 5 |
Two Sigma Advisers
New York
|
-$24.8M |
FTNT Hedge Fund Activity: Q3 2017 in Review
374 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2017, worth a combined $4.42B — down 4% from $4.6B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of FTNT and 41 opened new positions — a net loss of 3 holders — while 115 trimmed existing stakes and 148 added.
The largest buyer was Hound Partners, adding an estimated $70M. The largest seller was Two Sigma Investments, cutting an estimated $54.2M.
- 374 institutional investors held Fortinet (FTNT) as of Q3 2017, down from 382 in Q2 2017.
- Funds reported $4.42B of Fortinet stock for Q3 2017, down 4% quarter-over-quarter.
- 41 funds opened new Fortinet positions in Q3 2017 and 44 closed out, a net change of -3 holders.
- The largest Fortinet buyer in Q3 2017 was Hound Partners, an estimated $70M added.
- The largest Fortinet seller in Q3 2017 was Two Sigma Investments, an estimated $54.2M sold.
Based on aggregated 13F filings for Q3 2017.