Fortinet
FTNT
593 hedge funds and large institutions have $12B invested in Fortinet in 2020 Q1 according to their latest regulatory filings, with 70 funds opening new positions, 194 increasing their positions, 239 reducing their positions, and 95 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 10 → 14 (+4)
9% less call options, than puts
Call options by funds: $61.4M | Put options by funds: $67.2M
5% less funds holding
Funds holding: 621 → 593 (-28)
9% less capital invested
Capital invested by funds: $13.1B → $12B (-$1.14B)
16.38% less ownership
Funds ownership: 359.64% → 343.26% (-16%)
19% less repeat investments, than reductions
Existing positions increased: 194 | Existing positions reduced: 239
26% less first-time investments, than exits
New positions opened: 70 | Existing positions closed: 95
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
+$100M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$73.7M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$60.4M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$50.7M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$43.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$128M |
| 2 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
-$107M |
| 3 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
-$94.3M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$88.3M |
| 5 |
Two Sigma Advisers
New York
|
-$78M |
FTNT Hedge Fund Activity: Q1 2020 in Review
593 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q1 2020, worth a combined $12B — down 8.7% from $13.1B a quarter earlier.
Sellers outnumbered buyers: 95 funds closed out of FTNT and 70 opened new positions — a net loss of 25 holders — while 239 trimmed existing stakes and 194 added.
The largest buyer was Whale Rock Capital Management, adding an estimated $100M. The largest seller was Two Sigma Investments, cutting an estimated $128M.
- 593 institutional investors held Fortinet (FTNT) as of Q1 2020, down from 621 in Q4 2019.
- Funds reported $12B of Fortinet stock for Q1 2020, down 8.7% quarter-over-quarter.
- 70 funds opened new Fortinet positions in Q1 2020 and 95 closed out, a net change of -25 holders.
- The largest Fortinet buyer in Q1 2020 was Whale Rock Capital Management, an estimated $100M added.
- The largest Fortinet seller in Q1 2020 was Two Sigma Investments, an estimated $128M sold.
Based on aggregated 13F filings for Q1 2020.