Fortinet
FTNT
1,109 hedge funds and large institutions have $33.9B invested in Fortinet in 2024 Q1 according to their latest regulatory filings, with 165 funds opening new positions, 396 increasing their positions, 404 reducing their positions, and 104 closing their positions.
59% more first-time investments, than exits
New positions opened: 165 | Existing positions closed: 104
15% more capital invested
Capital invested by funds: $29.5B → $33.9B (+$4.4B)
4% more funds holding
Funds holding: 1,062 → 1,109 (+47)
0.5% less ownership
Funds ownership: 65.53% → 65.03% (-0.5%)
2% less repeat investments, than reductions
Existing positions increased: 396 | Existing positions reduced: 404
9% less call options, than puts
Call options by funds: $455M | Put options by funds: $498M
8% less funds holding in top 10
Funds holding in top 10: 13 → 12 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$2.03B |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
+$183M |
| 3 |
Barclays
London,
United Kingdom
|
+$164M |
| 4 |
SP
Sarasin & Partners
London,
United Kingdom
|
+$118M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
+$111M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
-$818M |
| 2 |
Morgan Stanley
New York
|
-$494M |
| 3 |
Swedbank
Stockholm,
Sweden
|
-$462M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$201M |
| 5 |
Two Sigma Investments
New York
|
-$146M |
FTNT Hedge Fund Activity: Q1 2024 in Review
1,109 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q1 2024, worth a combined $33.9B — up 15% from $29.5B a quarter earlier.
Buyers outnumbered sellers: 165 funds opened new FTNT positions and 104 closed out — a net gain of 61 holders — while 396 added to existing stakes and 404 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $2.03B. The largest seller was AllianceBernstein, cutting an estimated $818M.
- 1,109 institutional investors held Fortinet (FTNT) as of Q1 2024, up from 1,062 in Q4 2023.
- Funds reported $33.9B of Fortinet stock for Q1 2024, up 15% quarter-over-quarter.
- 165 funds opened new Fortinet positions in Q1 2024 and 104 closed out, a net change of +61 holders.
- The largest Fortinet buyer in Q1 2024 was T. Rowe Price Associates, an estimated $2.03B added.
- The largest Fortinet seller in Q1 2024 was AllianceBernstein, an estimated $818M sold.
Based on aggregated 13F filings for Q1 2024.