Fortinet
FTNT
1,068 hedge funds and large institutions have $29.9B invested in Fortinet in 2023 Q3 according to their latest regulatory filings, with 122 funds opening new positions, 408 increasing their positions, 412 reducing their positions, and 147 closing their positions.
44% more call options, than puts
Call options by funds: $413M | Put options by funds: $288M
1% less repeat investments, than reductions
Existing positions increased: 408 | Existing positions reduced: 412
1.6% less ownership
Funds ownership: 66.51% → 64.91% (-1.6%)
3% less funds holding
Funds holding: 1,102 → 1,068 (-34)
17% less first-time investments, than exits
New positions opened: 122 | Existing positions closed: 147
24% less capital invested
Capital invested by funds: $39.4B → $29.9B (-$9.48B)
42% less funds holding in top 10
Funds holding in top 10: 33 → 19 (-14)
Top Buyers
Top Sellers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$435M |
| 2 |
AIM
Alphinity Investment Management
Sydney,
Australia
|
-$252M |
| 3 |
Two Sigma Advisers
New York
|
-$159M |
| 4 |
Renaissance Technologies
New York
|
-$141M |
| 5 |
Ninety One (UK)
London,
United Kingdom
|
-$139M |
FTNT Hedge Fund Activity: Q3 2023 in Review
1,068 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2023, worth a combined $29.9B — down 24% from $39.4B a quarter earlier.
Sellers outnumbered buyers: 147 funds closed out of FTNT and 122 opened new positions — a net loss of 25 holders — while 412 trimmed existing stakes and 408 added.
The largest buyer was Nordea Investment Management, adding an estimated $382M. The largest seller was Fidelity Investments, cutting an estimated $435M.
- 1,068 institutional investors held Fortinet (FTNT) as of Q3 2023, down from 1,102 in Q2 2023.
- Funds reported $29.9B of Fortinet stock for Q3 2023, down 24% quarter-over-quarter.
- 122 funds opened new Fortinet positions in Q3 2023 and 147 closed out, a net change of -25 holders.
- The largest Fortinet buyer in Q3 2023 was Nordea Investment Management, an estimated $382M added.
- The largest Fortinet seller in Q3 2023 was Fidelity Investments, an estimated $435M sold.
Based on aggregated 13F filings for Q3 2023.