Fortinet
FTNT
424 hedge funds and large institutions have $6.31B invested in Fortinet in 2018 Q1 according to their latest regulatory filings, with 88 funds opening new positions, 125 increasing their positions, 147 reducing their positions, and 55 closing their positions.
60% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 55
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
25% more capital inflows, than outflows
Capital inflows: $964M | Capital outflows: $773M
23% more call options, than puts
Call options by funds: $43M | Put options by funds: $35M
6% more funds holding
Funds holding: 400 → 424 (+24)
3.53% more ownership
Funds ownership: 66.59% → 70.12% (+3.5%)
15% less repeat investments, than reductions
Existing positions increased: 125 | Existing positions reduced: 147
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
+$133M |
| 2 |
Bank of New York Mellon
New York
|
+$111M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$52.3M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$50.4M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$36.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Starboard Value
New York
|
-$154M |
| 2 |
HP
Hound Partners
New York
|
-$80.8M |
| 3 |
GTP
Global Thematic Partners
New York
|
-$60.3M |
| 4 |
Champlain Investment Partners
Burlington,
Vermont
|
-$57.2M |
| 5 |
Highland Capital Management (Texas)
Dallas,
Texas
|
-$34.6M |
FTNT Hedge Fund Activity: Q1 2018 in Review
424 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q1 2018, worth a combined $6.31B — up 25% from $5.06B a quarter earlier.
Buyers outnumbered sellers: 88 funds opened new FTNT positions and 55 closed out — a net gain of 33 holders — while 125 added to existing stakes and 147 trimmed.
The largest buyer was Blue Harbour Group, opening a new position worth an estimated $133M. The largest seller was Starboard Value, exiting entirely with an estimated $154M sold.
- 424 institutional investors held Fortinet (FTNT) as of Q1 2018, up from 400 in Q4 2017.
- Funds reported $6.31B of Fortinet stock for Q1 2018, up 25% quarter-over-quarter.
- 88 funds opened new Fortinet positions in Q1 2018 and 55 closed out, a net change of +33 holders.
- The largest Fortinet buyer in Q1 2018 was Blue Harbour Group, an estimated $133M added.
- The largest Fortinet seller in Q1 2018 was Starboard Value, an estimated $154M sold.
Based on aggregated 13F filings for Q1 2018.