Fortinet
FTNT
989 hedge funds and large institutions have $34.7B invested in Fortinet in 2023 Q1 according to their latest regulatory filings, with 143 funds opening new positions, 318 increasing their positions, 415 reducing their positions, and 92 closing their positions.
63% more funds holding in top 10
Funds holding in top 10: 19 → 31 (+12)
55% more first-time investments, than exits
New positions opened: 143 | Existing positions closed: 92
35% more capital invested
Capital invested by funds: $25.7B → $34.7B (+$8.92B)
13% more call options, than puts
Call options by funds: $284M | Put options by funds: $251M
4% more funds holding
Funds holding: 951 → 989 (+38)
0.84% less ownership
Funds ownership: 67.4% → 66.56% (-0.84%)
23% less repeat investments, than reductions
Existing positions increased: 318 | Existing positions reduced: 415
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Viking Global Investors
Stamford,
Connecticut
|
+$270M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$139M |
| 3 |
Swedbank
Stockholm,
Sweden
|
+$122M |
| 4 |
Renaissance Technologies
New York
|
+$111M |
| 5 |
Holocene Advisors
New York
|
+$103M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$381M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$234M |
| 3 |
Millennium Management
New York
|
-$159M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$112M |
| 5 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$95.7M |
FTNT Hedge Fund Activity: Q1 2023 in Review
989 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q1 2023, worth a combined $34.7B — up 35% from $25.7B a quarter earlier.
Buyers outnumbered sellers: 143 funds opened new FTNT positions and 92 closed out — a net gain of 51 holders — while 318 added to existing stakes and 415 trimmed.
The largest buyer was Viking Global Investors, adding an estimated $270M. The largest seller was Fidelity Investments, cutting an estimated $381M.
- 989 institutional investors held Fortinet (FTNT) as of Q1 2023, up from 951 in Q4 2022.
- Funds reported $34.7B of Fortinet stock for Q1 2023, up 35% quarter-over-quarter.
- 143 funds opened new Fortinet positions in Q1 2023 and 92 closed out, a net change of +51 holders.
- The largest Fortinet buyer in Q1 2023 was Viking Global Investors, an estimated $270M added.
- The largest Fortinet seller in Q1 2023 was Fidelity Investments, an estimated $381M sold.
Based on aggregated 13F filings for Q1 2023.