Fortinet
FTNT
1,102 hedge funds and large institutions have $39.4B invested in Fortinet in 2023 Q2 according to their latest regulatory filings, with 182 funds opening new positions, 391 increasing their positions, 378 reducing their positions, and 62 closing their positions.
194% more first-time investments, than exits
New positions opened: 182 | Existing positions closed: 62
33% more call options, than puts
Call options by funds: $348M | Put options by funds: $262M
14% more capital invested
Capital invested by funds: $34.7B → $39.4B (+$4.76B)
11% more funds holding
Funds holding: 990 → 1,102 (+112)
6% more funds holding in top 10
Funds holding in top 10: 31 → 33 (+2)
3% more repeat investments, than reductions
Existing positions increased: 391 | Existing positions reduced: 378
0.05% less ownership
Funds ownership: 66.56% → 66.51% (-0.05%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$350M |
| 2 |
Ninety One (UK)
London,
United Kingdom
|
+$177M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$165M |
| 4 |
Morgan Stanley
New York
|
+$107M |
| 5 |
Millennium Management
New York
|
+$99.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$514M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
-$285M |
| 3 |
AIM
Alphinity Investment Management
Sydney,
Australia
|
-$136M |
| 4 |
A
AustralianSuper
Melbourne,
Australia
|
-$129M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$107M |
FTNT Hedge Fund Activity: Q2 2023 in Review
1,102 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q2 2023, worth a combined $39.4B — up 14% from $34.7B a quarter earlier.
Buyers outnumbered sellers: 182 funds opened new FTNT positions and 62 closed out — a net gain of 120 holders — while 391 added to existing stakes and 378 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $350M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $514M.
- 1,102 institutional investors held Fortinet (FTNT) as of Q2 2023, up from 990 in Q1 2023.
- Funds reported $39.4B of Fortinet stock for Q2 2023, up 14% quarter-over-quarter.
- 182 funds opened new Fortinet positions in Q2 2023 and 62 closed out, a net change of +120 holders.
- The largest Fortinet buyer in Q2 2023 was Fidelity Investments, an estimated $350M added.
- The largest Fortinet seller in Q2 2023 was T. Rowe Price Investment Management, an estimated $514M sold.
Based on aggregated 13F filings for Q2 2023.