Fortinet
FTNT
677 hedge funds and large institutions have $13.2B invested in Fortinet in 2020 Q3 according to their latest regulatory filings, with 84 funds opening new positions, 242 increasing their positions, 263 reducing their positions, and 102 closing their positions.
8% less repeat investments, than reductions
Existing positions increased: 242 | Existing positions reduced: 263
8% less call options, than puts
Call options by funds: $114M | Put options by funds: $125M
4% less funds holding
Funds holding: 702 → 677 (-25)
5.44% less ownership
Funds ownership: 351.66% → 346.23% (-5.4%)
15% less capital invested
Capital invested by funds: $15.6B → $13.2B (-$2.42B)
18% less first-time investments, than exits
New positions opened: 84 | Existing positions closed: 102
73% less funds holding in top 10
Funds holding in top 10: 15 → 4 (-11)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$428M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$49.6M |
| 3 |
Mitsubishi UFJ Trust & Banking
Tokyo,
Japan
|
+$32.8M |
| 4 |
BlackRock
New York
|
+$28.2M |
| 5 |
Fundsmith LLP
London,
United Kingdom
|
+$27.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$172M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$88.4M |
| 3 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$74.4M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$53.2M |
| 5 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
-$52.5M |
FTNT Hedge Fund Activity: Q3 2020 in Review
677 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2020, worth a combined $13.2B — down 15% from $15.6B a quarter earlier.
Sellers outnumbered buyers: 102 funds closed out of FTNT and 84 opened new positions — a net loss of 18 holders — while 263 trimmed existing stakes and 242 added.
The largest buyer was AllianceBernstein, adding an estimated $428M. The largest seller was Renaissance Technologies, cutting an estimated $172M.
- 677 institutional investors held Fortinet (FTNT) as of Q3 2020, down from 702 in Q2 2020.
- Funds reported $13.2B of Fortinet stock for Q3 2020, down 15% quarter-over-quarter.
- 84 funds opened new Fortinet positions in Q3 2020 and 102 closed out, a net change of -18 holders.
- The largest Fortinet buyer in Q3 2020 was AllianceBernstein, an estimated $428M added.
- The largest Fortinet seller in Q3 2020 was Renaissance Technologies, an estimated $172M sold.
Based on aggregated 13F filings for Q3 2020.