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Fortinet
FTNT

552 hedge funds and large institutions have $9.22B invested in Fortinet in 2019 Q3 according to their latest regulatory filings, with 67 funds opening new positions, 171 increasing their positions, 221 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 64

0% less funds holding

Funds holding: 553 → 552 (-1)

1% less capital invested

Capital invested by funds: $9.35B → $9.22B (-$130M)

4.39% less ownership

Funds ownership: 360.04% → 355.65% (-4.4%)

23% less repeat investments, than reductions

Existing positions increased: 171 | Existing positions reduced: 221

25% less funds holding in top 10

Funds holding in top 10: 8 → 6 (-2)

37% less call options, than puts

Call options by funds: $46M | Put options by funds: $72.6M

Holders
552
Holders Change
-1
Holders Change %
-0.18%
% of All Funds
12.11%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.13%
New
67
Increased
171
Reduced
221
Closed
64
Calls
$46M
Puts
$72.6M
Net Calls
-$26.5M
Net Calls Change
+$48.1M

Top Buyers

1
Ameriprise
Ameriprise
Minnesota
+$86M
2
BHG
Blue Harbour Group
Connecticut
+$85.8M
3
Renaissance Technologies
Renaissance Technologies
New York
+$56.7M
4
PAM
Panagora Asset Management
Massachusetts
+$52M
5
Allianz Asset Management
Allianz Asset Management
Germany
+$46.4M

Top Sellers

1
AQR Capital Management
AQR Capital Management
Connecticut
-$118M
2
APG Asset Management
APG Asset Management
Netherlands
-$87.2M
3
ClearBridge Investments
ClearBridge Investments
New York
-$85.4M
4
JIM
Jupiter Investment Management
United Kingdom
-$76.2M
5
Goldman Sachs
Goldman Sachs
New York
-$67.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.33B +$13.3M +820,425 +1%
BlackRock
2
BlackRock
New York
$832M +$2.72M +167,745 +0.3%
State Street
3
State Street
Massachusetts
$449M -$1.93M -118,965 -0.4%
Ameriprise
4
Ameriprise
Minnesota
$333M +$86M +5,299,320 +32%
Renaissance Technologies
5
Renaissance Technologies
New York
$326M +$56.7M +3,497,000 +20%
AQR Capital Management
6
AQR Capital Management
Connecticut
$219M -$118M -7,270,930 -34%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$196M -$1.54M -94,925 -0.7%
AS
8
Altshuler Shaham
Israel
$190M +$15.6M +962,360 +8%
Allianz Asset Management
9
Allianz Asset Management
Germany
$158M +$46.4M +2,858,590 +39%
Two Sigma Advisers
10
Two Sigma Advisers
New York
$138M -$828K -51,000 -0.6%
Northern Trust
11
Northern Trust
Illinois
$131M -$2.3M -141,990 -2%
Norges Bank
12
Norges Bank
Norway
$126M +$2.32M +142,905 +2%
Arrowstreet Capital
13
Arrowstreet Capital
Massachusetts
$123M -$52.9M -3,260,045 -29%
Invesco
14
Invesco
Georgia
$121M -$21.4M -1,320,695 -14%
Bank of America
15
Bank of America
North Carolina
$113M +$1.32M +81,110 +1%
Bank of Montreal
16
Bank of Montreal
Ontario, Canada
$108M -$30.1M -1,856,610 -21%
ClearBridge Investments
17
ClearBridge Investments
New York
$107M -$85.4M -5,262,015 -43%
PAM
18
Panagora Asset Management
Massachusetts
$97.9M +$52M +3,202,210 +101%
Janus Henderson Group
19
Janus Henderson Group
United Kingdom
$97.5M -$66.5M -4,099,540 -39%
Wells Fargo
20
Wells Fargo
California
$95.8M -$2.64M -162,930 -3%
Legal & General Group
21
Legal & General Group
United Kingdom
$95.2M -$120K -7,385 -0.1%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$89M -$2.25M -138,540 -2%
N
23
Nuveen
North Carolina
$87.4M -$2.53M -155,945 -3%
UBS Group
24
UBS Group
Switzerland
$86.3M -$12.2M -749,640 -12%
Fidelity Investments
25
Fidelity Investments
Massachusetts
$82.2M +$45.9M +2,827,490 +112%
1
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FTNT Hedge Fund Activity: Q3 2019 in Review

552 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2019, worth a combined $9.22B — down 1.4% from $9.35B a quarter earlier.

Buyers outnumbered sellers: 67 funds opened new FTNT positions and 64 closed out — a net gain of 3 holders — while 171 added to existing stakes and 221 trimmed.

The largest buyer was Ameriprise, adding an estimated $86M. The largest seller was AQR Capital Management, cutting an estimated $118M.

  • 552 institutional investors held Fortinet (FTNT) as of Q3 2019, down from 553 in Q2 2019.
  • Funds reported $9.22B of Fortinet stock for Q3 2019, down 1.4% quarter-over-quarter.
  • 67 funds opened new Fortinet positions in Q3 2019 and 64 closed out, a net change of +3 holders.
  • The largest Fortinet buyer in Q3 2019 was Ameriprise, an estimated $86M added.
  • The largest Fortinet seller in Q3 2019 was AQR Capital Management, an estimated $118M sold.

Based on aggregated 13F filings for Q3 2019.